Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Of course it will remain investment grade. These vultures are just waiting to tell the governor and Mayor to jump and how high. They will proceed to make a high yield market off our misery, and the governor and mayor will gladly turn around and bend over, raising taxes. We are just collateral to all these people and the public sector class.