Andrew Breitbart: Mall Cop

Cow Towing to Other Countries

Scare Quote Watch: Day 44

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Untitled-1As regular readers know, Alfonzo Rachel’s normal MO is to attack strawliberals by putting things no liberal has actually said in scare quotes (ie, I can’t believe that YOU LIBERALS are always saying “babies are delicious”).  But this time, he’s on some serious next-level shit.

First, he says that any Republican who thinks the party should “ease up on the whole Christian thing,” ought to go be a Democrat.  Awesome!  We’ll be glad to have them!  I know there are at least a couple atheists/agnostics on Big Hollywood‘s (metaphorical) payroll.  To them I say:  You can sign up for your Kos diaries here.

Things really get rolling, though, when Rachel argues, I shit you not, that Barack Obama’s service program is really a plot to get Americans to perform slave labor for the Chinese.  It makes about as much sense as it sounds, but his argument has something to do with the fact that the U.S. dollar is a fiat currency.  Rachel claims that means it’s backed by “services” (as opposed to gold).  Since we’re in debt to the Chinese, that means we owe them services.  And Barack Obama’s call for a “service program” is just a liiiiiiittle too coincidental, see?  

I know I don’t really have to point this out, as it’s so baldly stupid, but it is simply untrue that China could demand the debt be repaid in the “services” of American citizens, given that A) that’s not how fiat currency actually works, and B) even if it were, the portion of the debt owned by the Chinese is in the form of Treasuries.  The real danger is that the Chinese and/or Japanese Central Banks would suddenly stop buying or start selling off dollar-backed securities like Treasuries, which would lead to a sharp decline in the dollar, and the attendant economic problems.  

I’m sure Ron Paul is jealous, though.  Obama secretly scheming to enslave the American people to the Chinese is a conspiracy theory for the ages, for sure.  I, for one, welcome our new overlords.  I’m looking forward to working in a Chinese forced-labor mine on the Moon.  Beats my office job.

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Written by dieblucasdie

May 9, 2009 at 4:04 pm

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