It sure seems so according to this article.
I'd rather see money going to programs like the Chinese government's stimulus plan which, in part, gave $2.9 billion for a 13 percent purchase price subsidy on Liquid Crystal Display (LCD) TVs for its rural citizens -- which as I discussed on MarketPlace this week -- boosted demand enough to force Corning (GLW) to hire back 100 of the North Carolina LCD plant workers it had laid off.
We should have just gave the Chinese that $787 billion and had them think up ways of creating more jobs for Americans. The more I look at things the more I think that China is the new America. While the Red Dragon rises in the East the Socialist Eagle set in the west.
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