America hates foreigners. We use them as an example of failure.

We stand on the brink of being turned into France, or Canada.

These same americans defend the right of Sovereign funds to invest in our basic vital institutions.

Saudis are convinced American banks are the best place to invest.

Yet wring, rant, shriek about their own government investing in anything, even education. Well of course some things are okay to invest in, say bullets, bludgeons and bombs. “Yes We Can”, for the killing field. “Hell no we won’t go”, for the skilling fields.

This morning paper brings another crap in the soup of state. For weeks, months actually, the commentariat of CNBC-FOX, have made much of the cloud of Obama. The cloud has settled over the heros of Wall Street. like the cloud in Lil Abner that brings gloom without rain. The Republican House uniformly, accompanied by the bulk of their Senate collaborators, have blamed much on the stimulus plan, seemingly prepared to reject everything as heartily as they once accepted Bush as our savior, our everything.

The Dow tumbles yet another day in response to the stimulus plan. The market has rejected Obama’s (whatever) plan.

So the irony of black and white, the stupidity of expectation, the schizophrenia of Wall Street today appears in this form

Bounce on Wall Street because of the Chinese stimulus plan.

Hooray for the Chinese. We need some more of that Ni hao, know how, right now. Perhaps the only success remaining to America will be found through off shoring. Decoupling hell, we clamp onto whichever country we can to save us. After all we can always blame it on them if it doesn’t work.