The US economy and the impact it has on China

This is just my view and should not be taken at face value. I wrote the following paragraph at the end of 2009, outside of this blog:

"I have recently consumed myself in every bit of news around the US economy and I have listened to Peter Schiff, Ron Paul and many others as well as people with different views on the current situation. The desperate attempt by people like ben bernanke to artificially stimulate the US economy is just making matters worse, as his solution is to print more money and to give it to the banks and businesses such as Freddy and Fannie, which now have 100% of their loses covered by the government. The government is getting bigger and bigger and intervening with the free markets, which I disagree with. The housing boom was brought about by too much easy credit, you only needed to put down about 5% to get a house, and people believed housing prices would just continue to rise, I mean how dumb is that. After the inevitable crash what then would have happened would be that lenders would tighten up on lending and be more cautious to lend to people who were too likely to default. But the government stepped in and said we will guarantee the loans so then people started to lend, the interest rates were at a record low and this encourages no one to save and again encourages people to take risks they wouldn't have had the government stayed out of the free markets. The government encouraged more spending, more debt in many ways, e.g cash for clunkers. The country is massively in debt and they desperately need to let companies that are failing to be productive fail, let resources be bought up and let new companies start up, which aren't owned by the government and aren't a drain on tax money. They need to allocate resources to allowing the country to be productive again."