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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 ...

TOPICS: Front Page News
KEYWORDS: china; maytag; oil; unocal
ChiCom Power! - Empowering America to be it's best.
1 posted on 06/26/2005 4:57:59 AM PDT by Happy2BMe
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To: A. Pole; Reagan Man; Reaganwuzthebest; MeekOneGOP; devolve; potlatch; Smartass; JohnHuang2; keri; ..
From the PC you are viewing this travesty on to the clothes you are wearing while you do it to the coffee maker that made the coffee you are drinking - all were made in China and have helped China to become YOUR BEST FRIEND!

(Somebody in America is making fortunes - more wealth than they can handle.)

2 posted on 06/26/2005 5:03:03 AM PDT by Happy2BMe ("Viva La Migra" - LONG LIVE THE BORDER PATROL!)
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To: Happy2BMe

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.

3 posted on 06/26/2005 5:13:13 AM PDT by listenhillary (Socialists have only killed 100 million. We'll never learn will we?)
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Comment #4 Removed by Moderator

To: Made in USA
I say the hell with the mid east and china and all other foreign countries that supply oil to the USA. Take our lumps even if it means major sacrifice. Start an oil and refinery development program bigger than the Manhattan project or the moon program and push this nation 24/7 with no let up to get our own oil and nuclear energy flowing within a year. We did it before when confronted with a change that needed to preserve this nation and we can do it again.

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.

5 posted on 06/26/2005 8:37:17 AM PDT by BlackbirdSST
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To: Happy2BMe
This is what will happen to all that "paper" we are giving China in return for all that "stuff".

Wait...that cant be...our resident economic experts told us China was dumb...and that they would effectively just stuff the paper in their collective mattresses.
6 posted on 06/26/2005 8:48:04 AM PDT by Dat Mon (will work for clever tagline)
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To: Happy2BMe
Just thinking but, is it possible Bush is being blackmailed?

Not only is he "ducking" on this issue but on illegal immigration, the Supreme Court's latest blunder. What else?

7 posted on 06/26/2005 8:36:08 PM PDT by AnimalLover ( ((Are there special rules and regulations for the big guys?)))
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