US never owns up to its mistakes
Updated: 2010-11-22 07:49
(China Daily)
Comment on "No need to revalue yuan to help US" (Nov 11, China Daily)
It is an excellent article, intelligent and well reasoned. It is especially important to inform the public that it is not China's responsibility to help the United States out of its self-inflicted troubles.
If the US has a huge trade deficit, it is its responsibility to reduce it.
It most certainly is not China's job to reduce the US' surplus, because if China had such a problem, the US would not damage its own economy to help China.
The US never owns up to its mistakes. It always blames other countries and expects them to bear the pain of its readjustments.
What the US is doing the same as someone saying: "I am sick, so you must take the medicine," or "I have a problem and you must solve it."
The US has been trying this for years to protect its dominant position in the global economy. It is great to see the world refusing to become a scapegoat for the mistakes of the US.
Larry Long, on China Daily website
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