Big deal. President Bush is afraid of offending them, too. For God knows what reason.
“For God knows what reason.”
He’s afraid of choking off our supply of coctail parasols.
I disagree. If you owe the bank $1 million, obviously the banker has the leverage. However, if you owe them $1 trillion, you have as much leverage as the bank. If you tank, the bank tanks as well. That’s why we have all kinds of bail-out on Wall Street big cats.
What can China do if U.S. declares default ? haha. Obama is an idiot, they don’t know how to deal with dictators.
At least Bush isn't running around saying China is our banker.
Obama really has no sense at all.
“Big deal. President Bush is afraid of offending them, too. For God knows what reason.”
It all goes back to Daddy Bush being Ambassador to China. That must be where he picked up this free-trade, globalization, new world order bs.