Last week, in the midst of the unfolding global "credit crunch" meltdown, the Bush people thought it would be a smashing good time to sell a few billion worth of arms to the mortal enemy of the country that's propping up much of our debt load. Now that country is fighting back:

China has abruptly canceled a series of military and diplomatic contacts with the United States to protest a planned $6.5 billion package of U.S. arms sales to Taiwan, American officials told The Associated Press on Monday.Beijing has notified the U.S. that it will not go forward with several senior level visits and other cooperative military-to-military plans because of the sale, which was announced last week, Pentagon and State Department officials said.

Gee, nobody could have predicted that. Nobody that didn't have an IQ over 80, that is.