Posted on 02/04/2009 5:30:22 AM PST by AfterManyASummer
The Obama administration backed away from a confrontation with China after Treasury Secretary Tim Geithner said during confirmation hearings that President Obama backed by the conclusions of a broad range of economists believes that China is manipulating its currency.
China immediately hit back, denying that it manipulated its currency to get an unfair trade advantage. Within days, Vice President Joe Biden said on television: There's been no judgment based in the administration that there has been a manipulation. That word, he explained, triggers within trade agreements certain responses.
And President Obama himself telephoned Hu Jintao to give his Chinese counterpart further reassurances.
(Excerpt) Read more at chinapost.com.tw ...
All in one week!
It makes me long for the days when we had a strong and brave iron-willed leader like Jimmy Carter.
Or how about someone who didn’t say or do stupid things themselves or their staff. He has NEVER gotten called on his antics (Lipstick on a pig, flipping the bird) and he is like a spoiled teenager that runs off at the mouth.
Release the rabbits on the WH!
obama is an idiot; he has absolutely no idea what he is doing in international diplomacy. He’s not dealing with the stupid American electorate here. Foreign leaders are smart and have memories. They are not going to forget that he said something one day and backed away from it the next.
They are going to walk all over him. And us.
the EU is right to rebel against stupid Congressional interference in internationl trade that could divide the West in a global recession and set off trade wars with long lasting impacts
and Geithner’s gratuitous snipe at China during these times when he (we) need their cooperation in the financial markets- makes his judgement suspect on more that his inability to use turbo tax
but Obama IS a naive overbearing idiot who has been waiting all his life to appease the rest of the world for America’s “sins”
“Blinky Obama”, because when the world farts, he blinks.
“Hes not dealing with the stupid American electorate here. Foreign leaders are smart and have memories. They are not going to forget that he said something one day and backed away from it the next.”
_____________________________________
You’re exactly right.
and... Obama is not embarrassed by his mistakes
WE the USA are embarrassed by his mistakes
Big difference
That is true. His words/actions are finally being confronted and questioned. He’s so used to being surrounded by everyone who agrees with everything he says, it just isn’t reality. I’m pretty shocked that he is backing down. He needs to think about what he says because he’s looking like a real gumby.
This guy is not qualified to run a donut shop and yet he's now the supposed leader of the world.
On top of that he's chosen Hillary Clinton to be secretary of state and her only diplomatic qualifications are that she used to bake cookies for foreign dignitaries at the White House.
This is going to be a long four years.
Obama has steel in his spine...
...and rocks in his head.
LOL
All in one week!
It makes me long for the days when we had a strong and brave iron-willed leader like Jimmy Carter.
Credit to FReeper Cooter for supplying me with this.
Oh man, I really needed that belly laugh. Thanx!
He’s screwing up faster than I thought imaginable. At this rate he’s likely to start a nuclear war between the US and the US.
This is sarcasm, right?
Humor?
I recognize humor and sarcasm....
So far, Zero is just like Jimmy Carter, only faster and sporting a tan....
Reality is a bitch. The Chinese have over $1 trillion in hard currency reserves and they are buying our T-bills, which enables the Treasury to print money to fund the stimulus package. Just as Obama wants to control the executive pay of those firms that accept bailout money, the Chinese will be calling the shots on our foreign policy towards them and elsewhere.
Obama to Hu Jintao: I screwed up.
It is the Golden Rule. He who has the gold, rules. China has the gold and we are going hat in hand to get them to buy our T-bills so we can fund our government. Obama is now facing that reality.
LOL.
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