Commies better for Business?

The chinese economy is just rolling along (sample story), growing at +8% rather than slumping at -1% like in the US. That is despite a 20% drop in exports!

What is the difference?

Twice as much stimulus, relative to our respective GDPs.

Those crazy communists dumped 0.58 T$ into a 4.4 T$ economy. That is 13% of their GDP (IMF value).

Held back by the nay-saying Hoover wing of the Republican Party, the US has put just 0.96 T$ into our 14 T$ economy. (Made up of 168 G$ under Bush and 789 G$ under Obama.) That is just 7% of our GDP, less if you look at what we have spent.

So which system puts more national resources behind business? Clearly not ours.

There are other differences, of course. We were spending like drunken, coke snorting former Air National Guardsmen when our economy was good, so we lacked the resources to ramp up spending when the economy was bad. Perhaps more importantly, we chose to sift our stimulus money through state legislatures rather than spending it directly by the federal government like those commies do. This, along with time needed to get bids, slows down our system so much that we probably won't even spend half of it this year. So our stimulus might be only 1/5 of what China did.

The good news is that the budget deficit won't be what it is projected to be until we actually spend that money.