Xinhua published a headline news article in its world section, commenting on how the U.S. political system is at fault during this time of the ongoing U.S. debt limit crisis.
The article said, “Whether the U.S. will default on its debt obligation has entered the countdown time, but the politicians in Washington have not shown any signs of compromise. … The uncertainty created by the Elephant & Donkey Fight (the partisan struggle) overshadows the world economy. “The U.S. Congressional representatives from both parties openly fight a war of words at the expense of the nation and the people’s interests. It is actually playing a ‘dangerous game.’ As the August 2 ‘deadline’ nears, the struggle brings great worries to the American people and the world.” “Although most analysts predict the two parties will reach a compromise at the last minute, nobody can be sure that U.S. will be able to keep its AAA sovereign credit rating. U.S. President Obama also admits that if the U.S. credit rating is downgraded, it is because Washington lacks a political system that is compatible with a AAA credit rating.” “… the Elephant & Donkey Fight, which overlooks global responsibility, has created new risks. In the end, it will also hurt the Americans themselves.”
Source: Xinhua, July 30, 2011