Change You Can Believe In … Communist China Warns Barack “The One” Obama About America’s Soaring Budget Deficit
CHANGE YOU CAN BELIEVE IN … A Communist country warning US about fiscal responsibility and the Obama Administration pledging to rein in the U.S. deficit to protect Chinese holdings. Good grief!
Here is a change from the Obama Administration that has everyone scratching their heads and eyes bulging. Communist China, yes that is correct, Red China warns Obama about his spending and soaring budget deficits. Is anyone in America paying attention?
We have a President of the United States and his Administration reassuring a communist country that the U.S. will not let deficits or inflation jeopardize the value of Chinese investments. Who are the socialists/communists and who are the capitalists at this meeting? How pathetic have things become under Barack Obama when we have the Chinese lecturing our Socialist & Chief about the free market system?
The Gateway Pundit has some other previous warnings made from the Chinese to Obama and the Democrats. CHANGE?
More Kumbaya diplomacy from The One.
President Barack Obama opened Monday’s discussions by declaring that the United States sought a new era of “cooperation, not confrontation” with China and that management of the U.S.-China relationship would be a major factor in defining the history of the 21st century.
Obama dispatched his top economic officials – Treasury Secretary Timothy Geithner, National Economic Council Director Lawrence Summers, White House budget director Peter Orszag and Federal Reserve Chairman Ben Bernanke – to try to reassure China that the U.S. will not let deficits or inflation jeopardize the value of Chinese investments.
Treasury Secretary Timothy Geithner pledged to rein in the U.S. deficit as China underscored concern about preserving the value of its $801.5 billion of Treasury holdings.
The U.S. will ensure a “sustainable” deficit by 2013, Geithner said at the beginning of the first round of Strategic and Economic Dialogue talks under President Barack Obama in Washington. China is “concerned about the security of our financial assets,” Assistant Finance Minister Zhu Guangyao said.