Wednesday, January 19, 2011

US Banker in Town, China and the US


President Obama welcomes the President of China to the United States, President Obama stated the following, “ Three decades ago, on a January day like this, another American President stood here and welcomed another Chinese leader for the historic normalization of relations between the United States and the People’s Republic of China. ” It is never a good move to bring up Jimmy Carter, Obama should have started with the Nixon break through of 1972 and then Carter, Obama does not need any connection between himself and Jimmy Carter. The President also made a mistake of bringing up past critical reaction of the US to internal China actions, Obama stated the following, “ Looking back on that winter day in 1979, it is now clear. The previous 30 years had been a time of estrangement for our two countries. ” Honour is very important to China, it wont welcome Obama’s comments. Thus to the important point of the meeting between the Presidents, the simple fact that China is the banker of the US debt, Obama stated the following, “ We have an enormous stake in each other’s success. In an interconnected world, in a global economy, nations -- including our own -- will be more prosperous and more secure when we work together….China’s success has brought with it economic benefits for our people as well as yours..” The benefits for China are political, they are the banker of the US, the US Government can not afford to offend its banker, Obama needs China to buy US debt. It seems the Obama ego has no bounds, thus further attack on the honour of China from its perspective, “ History shows that societies are more harmonious, nations are more successful, and the world is more just, when the rights and responsibilities of all nations and all people are upheld, including the universal rights of every human being. ” The left wing base might be happy but China might not buy US debt if its being lectured by a President who has spent trillions on left wing pet projects.

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