The rhetoric over raising the debt ceiling has become increasingly harsh as Democratic and Republican congressional leaders trade barbs back and forth. But as the U.S. inches closer to defaulting on its debts for the first time in history, criticism of Congress is starting to come from beyond our own borders. From France and Germany to China and India, countries around the world are angry that American politicians play with the possibility of a U.S. default like a yo-yo with little regard for the international economic system that depends on American solvency.
Despite China’s traditional preference of staying out of the domestic affairs of other nations, senior Chinese officials’ frustrations are growing louder and louder. Stephen Roach, the non-executive chairman of Morgan Staley Asia, said senior Chinese officials told him the debt ceiling debte in the U.S. is “truly shocking.” “We understand the politics,” a Chinise official said, “but your government’s continued recklessness is astonishing.” And newspapers around the world are voicing discontent with Congress’s handling of the debt ceiling:
Conservative German Die Welt: “here are few signs of self-doubt or self-awareness in the U.S. … sees the other side as their enemy. Negotiations with the Democrats, whether it’s about appointing a judge or the insolvency of the United States, are only successful if the enemy is defeated. Compromise, they feel, is a sign of weakness and cowardice.”
The German mass-circulation Bild: “What America is currently exhibiting is the worst kind of absurd theatrics and the whole world is being held hostage… Most importantly, the Republicans have turned a dispute over a technicality into a religious war, which no longer has any relation to a reasonable dispute between the elected government and the opposition.”
More at link:
http://thinkprogress.org/security/2011/07/29/283703/world-reacts-to-debt-ceiling-debacle-irresponsible-worst-kind-of-absurd-theatrics-u-s-politicians-a-laughing-stock/And John Fugelsang tweeted:
I'd like to thank the Tea Party House members for resuming the Bush tradition of making the rest of the world loathe us.