Republican special interest groups, PAC's and especially Tea party nuts continue to attack President Obama by falsely airing advertisements suggesting that the President's mismanagement of the economy will allow China to somehow “take over” America, or at lease become more powerful than America. This advertisements contain, like an onion, layers and layers of smelly lies and are false misleading scare tactics seeking to place the blame on Democrats and and unfairly criticize China for problems which are the fault of American Republicans, the tea party, and it's special interest groups.
Fact: Our budget deficit problem began a long time before China became economically powerful. Ronald Reagan, in 1980 ran on a platform of cutting the budget deficit in half. Instead, after eight years of his rule, the deficit had instead doubled.
