Skip to comments.With Bid for Unocal, U.S. Struggles on China Policies
Posted on 06/26/2005 4:57:59 AM PDT by Happy2BMe
WASHINGTON, June 25 - President Bush's initial response to the proposed takeover of a major American oil company by a Chinese rival has been to duck. It is not hard to see why.
The $18.5 billion offer by the China National Offshore Oil Corporation for Unocal, which had already made a deal to be acquired by the American oil giant, Chevron, is forcing the administration to confront its own internal rifts over whether China should be viewed as friend, foe or something in between.
(Excerpt) Read more at nytimes.com ...
(Somebody in America is making fortunes - more wealth than they can handle.)
In recent months, the Pentagon and the State Department have been taking a harder line toward China, reflecting a broader push by conservatives in and out of government.
In a speech in Singapore this month, Defense Secretary Donald H. Rumsfeld criticized China for stepping up military spending in the absence of an obvious threat, and said growth in political freedom in China has not matched economic growth. State Department officials have been blunt in stating that China has not done enough to use its economic clout to press North Korea into serious negotiations about ending its nuclear program.
This statement, which I agree wholeheartedly mind you, simply fly's in the face of this statement, your Tagline
(Thank you, Lord, for answering our prayers and giving GWB 4 more years.)
How on earth do you reconcile the two? Just curious. Blackbird.
Not only is he "ducking" on this issue but on illegal immigration, the Supreme Court's latest blunder. What else?
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