Monday, March 23, 2009

Chinese sell us condoms, taxpayers get screwed

Talk about symmetry.

The U.S. government is going to start buying condoms from China, leaving homegrown manufacturers deflated.

This will provide the Chinese a new source of U.S. dollars, which the Obama administration obviously hopes they will use to buy more U.S bonds to finance Obama's huge borrowing plans.

Down the line, both the dollar and the condoms will inflate.

But it is U.S. taxpayers who will get screwed.

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