Monthly Archives: August 2011 - 10. page

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
http://news.xinhuanet.com/world/2011-07/30/c_121747426.htm

China’s state-run media People’s Daily used the debt limit to publish a commentary that sharply criticizeding the U.S. political system. “As the ‘deadline’ for Washington to raise the debt limit is getting closer, investors around the world are worried about the dire consequences of the ‘U.S. defaulting on its debts.’”

“The politics of voting restricts the White House’s political decisions. The political farce on the U.S. political stage allows the whole world to witness the essence of this problem with U.S. politics." 

“Washington’s farce is making the world more and more worried that the U.S. has a dangerous propensity: Washington’s politicians ignore or even sacrifice other people’s interests to gain votes."

“People have a deeper understanding of the problems with the U.S. economy and will also be more suspicious of the U.S.’s political direction, foreign policy and ‘leadership ability.’ The show at the edge of the cliff has not only kidnapped the world economy, but also ruined its own reputation. It’s time for Washington’s immoral political farce to end.”

Source: People’s Daily, July 30, 2011
http://world.people.com.cn/GB/1029/42355/15287020.html
http://news.xinhuanet.com/world/2011-07/30/c_121746143.htm