So good old Bloomberg has decided to preemptively speak out about the coming trade war with China because congressmen and senators can not read, do not have passports and do not know where China is?
In related news, the entire world is ticked with the U.S over it's printing billions. http://news.yahoo.com/s/nm/20101107/bs_nm/us_economy_weekahead_outlook
That link would be the G20 condemning the U.S.
China's reaction? "China's central bank chief said the debate about the Fed's attempt to spur growth by pumping $600 billion into the economy through purchases of Treasury bonds highlighted the need to reform the global financial system."
Germany? "German Finance Minister Wolfgang Schaeuble was less diplomatic. He called U.S. policy "clueless."
How about South Africa? "South African Finance Minister Pravin Gordhan said the Fed's move "undermines the spirit of multilateral cooperation that G20 leaders have fought so hard to maintain during the current crisis."
Sorry Bloomberg, but it sounds like they are not waiting for the new crop of incompetent congressmen to take over the reigns of power. The current crop (who apparently can read, have passports and know where China is) are perfectly capable of upsetting China and the entire world.