Just the arrogance of it

Just amazed by the arrogance of this.

MULAN, China, Oct. 13 - Treasury Secretary John W. Snow, touring this village in the Sichuan province to promote "financial modernization," urged China on Thursday to take lessons from the United States on how to spend more, borrow more and save less......

It has been an awkward lecture at times, given that China's economy is still growing at a blistering pace of 9 percent, is a huge magnet for foreign investors and is one of the United States' biggest creditors.

China's savings rate is nearly 50 percent, one of the highest rates in the world. The savings rate in the United States, by contrast, has sunk to less than zero in recent months and is one of the lowest rates in the world.