Imagine the looks on their faces, when Deng Xiaoping sold them out.
The old commies in China had tried to make steel in backyard barbecues. They’d carried the fat Mao on a litter, on a long march to nowhere. They’d pretended his Little Red Book was more than drivel. They’d endured one absurdity after another…purges, starvation, and misery…all for the cause.
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One Business that Doesn’t Need a Bailout
Sign of the Times, Part 1: Federal bailout spending now exceeds the inflation-adjusted cost of World War II, according to our friends at the Independent Institute.
Senior Fellow William Shugart says World War II cost $3.6 trillion, but the bailouts now top $4 trillion. That's actual money out of the taxpayer's pocket, as opposed to the $12.8 trillion “lent, spent or guaranteed� figure you run across from time to time, a chunk of which might eventually be repaid.
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