O'Reilly Caught Lying About China & India
By: Steve - January 25, 2011 - 10:00am
As usual O'Reilly was caught talking out his butt, because on the Monday Factor show, O'Reilly said China and India are not investing anything in their infrastructure.
Juan Williams was trying to explain to the clueless right-wing fool (Bill O'Reilly) that Obama is going to say we must invest in our infrastructre to keep up with China and India, and the moron O'Reilly said this:
WILLIAMS: But the idea here Obama's going to be selling tomorrow night is, look, China's more competitive, India's more competitive, so we've got to invest. It's not what the Republicans say, in terms of add additional spending, or what you, Bill O'Reilly, call social justice spending.And when O'Reilly said that (Let me break this to you Juan) line he was talking real loud and in a condescending way, as if he was a genius that was right, and Juan was a fool that did not know what he was talking about. But it turns out, O'Reilly was an idiot that was wrong.
O'REILLY: Look, let me break this to you, Juan.
WILLIAMS: He's going to say it's investment spending.
O'REILLY: Let me break this to you, Juan, to President Obama, and to all the left-wingers out there. Alright?
O'REILLY: China and India don't invest anything in their infrastructure other than to saying, in China's situation, you do what we say or we shoot you. OK? India, it's chaos. Have you been to India? Absolute chaos, alright? So they're not investing.
The Washington Post reported this in June of 2010:
China's Economic Stimulus Is "Infrastructure, Infrastructure And More Infrastructure."March 25, 2010, A Pew press release titled, "Pew Study: China Leads G-20 Members in Clean Energy Finance and Investment"
Unlike in the United States -- where President Obama's large stimulus plan was shaped to include tax cuts and aid to states -- Chinese leaders followed a simple mandate: Spend and build.
The stimulus allowed China to speed up some projects, begin digging on others and extend the building boom to less-developed areas in the country's west and north. The result, 18 months after the stimulus was introduced, is an astonishing frenzy of building -- highways, subways, airports, bridges, high-speed rail lines and even new cities constructed, literally, in the middle of nowhere.
China is building tens of thousands of miles of expressways at a pace unseen since the U.S. interstate boom in the 1950s, and it is on track to pass the United States in total highways in the next decade.
Among other infrastructure projects -- which now amount to 15 percent of China's gross domestic product -- are nearly 100 new airports, some serving isolated cities few outsiders have heard of, and dozens of subways.
For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released today by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy - nearly double the United States' total of $18.6 billion.
From a January 24 article in The Telegraph: China To Invest $190 Billion In Infrastructure Projects To Merge Nine Cities.
City planners in south China have laid out an ambitious plan to merge together the nine cities that lie around the Pearl River Delta.India To Spend $1 Trillion On Infrastructure, The Press Trust of India reported this on 1-24-11:
The "Turn The Pearl River Delta Into One" scheme will create a 16,000 square mile urban area that is 26 times larger geographically than Greater London, or twice the size of Wales.
The new mega-city will cover a large part of China's manufacturing heartland, stretching from Guangzhou to Shenzhen and including Foshan, Dongguan, Zhongshan, Zhuhai, Jiangmen, Huizhou and Zhaoqing. Together, they account for nearly a tenth of the Chinese economy.
Over the next six years, around 150 major infrastructure projects will mesh the transport, energy, water and telecommunications networks of the nine cities together, at a cost of some 2 trillion yuan (190 billion). An express rail line will also connect the hub with nearby Hong Kong.
Seeking investments from Australia in the infrastructure sector, India today said that a free trade pact between the two countries would give a boost to the $13.79 billion bilateral commerce.And now you have the facts, and those facts prove that O'Reilly was lying. I guess he thinks if he talks loud and confident, and tells the guest they are wrong, someone will believe it.
At a meeting with Australian Trade Minister Craig Emerson in Mumbai, Commerce and Industry Minister Anand Sharma said, "There is a need for investments from Australia, especially in the infrastructure sector."
India has an ambitious plan to invest $1 trillion in infrastructure during the 12th plan period (2012-2017).