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Obama backing down on China [another embarrassment for the President]
China Post ^

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 ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Government
KEYWORDS: 0bama; abovemypaygrade; bho2009; china; communismkills; democrats; geithner; obama; overhishead; starkravingsocialist; ussa
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He backed down to the EU on trade, Iran on terror...now China on currency manipulation.

All in one week!

It makes me long for the days when we had a strong and brave iron-willed leader like Jimmy Carter.

1 posted on 02/04/2009 5:30:23 AM PST by AfterManyASummer
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To: AfterManyASummer

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.


2 posted on 02/04/2009 5:32:39 AM PST by autumnraine
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To: AfterManyASummer
"when we had a strong and brave iron-willed leader like Jimmy Carter"

Release the rabbits on the WH!

3 posted on 02/04/2009 5:33:39 AM PST by Paladin2 (No, pundits strongly believe that the proper solution is more dilution.)
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To: AfterManyASummer

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.


4 posted on 02/04/2009 5:35:52 AM PST by henkster (When I was young I was told anyone could be President. Now I believe it.)
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To: AfterManyASummer

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”


5 posted on 02/04/2009 5:37:18 AM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: AfterManyASummer

“Blinky Obama”, because when the world farts, he blinks.


6 posted on 02/04/2009 5:37:47 AM PST by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.)
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To: henkster

“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.”
_____________________________________

You’re exactly right.


7 posted on 02/04/2009 5:39:32 AM PST by proud American in Canada ("We can, and we will prevail.")
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To: AfterManyASummer

and... Obama is not embarrassed by his mistakes

WE the USA are embarrassed by his mistakes

Big difference


8 posted on 02/04/2009 5:39:40 AM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: autumnraine

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.


9 posted on 02/04/2009 5:41:22 AM PST by HollyB
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To: AfterManyASummer
This guy makes one major policy blunder every day and the media is still fawning over him like he's the smartest man who ever lived.

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.

10 posted on 02/04/2009 5:42:36 AM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: AfterManyASummer

Obama has steel in his spine...

...and rocks in his head.


11 posted on 02/04/2009 5:44:59 AM PST by Fresh Wind (Hey, Obama! Where's my check?)
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To: AfterManyASummer
It makes me long for the days when we had a strong and brave iron-willed leader like Jimmy Carter.

LOL

12 posted on 02/04/2009 5:48:04 AM PST by silent_jonny ("All I want is to enter my house justified" - Joel McCrea, Ride The High Country)
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To: AfterManyASummer
He backed down to the EU on trade, Iran on terror...now China on currency manipulation.

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.

13 posted on 02/04/2009 5:48:17 AM PST by N. Theknow (Kennedys: Can't fly, can't ski, can't drive, can't skipper a boat. But they know what's best.)
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To: AfterManyASummer
>>It makes me long for the days when we had a strong and brave iron-willed leader like Jimmy Carter.<<

Oh man, I really needed that belly laugh. Thanx!

14 posted on 02/04/2009 5:48:33 AM PST by servantboy777
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To: AfterManyASummer

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.


15 posted on 02/04/2009 5:50:13 AM PST by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
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To: AfterManyASummer
It makes me long for the days when we had a strong and brave iron-willed leader like Jimmy Carter.

This is sarcasm, right?

Humor?

I recognize humor and sarcasm....

So far, Zero is just like Jimmy Carter, only faster and sporting a tan....

16 posted on 02/04/2009 5:51:35 AM PST by dirtbiker (Obama is America's first Affirmative Action president....)
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To: AfterManyASummer

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.


17 posted on 02/04/2009 5:55:56 AM PST by kabar
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To: AfterManyASummer

Obama to Hu Jintao: I screwed up.


18 posted on 02/04/2009 5:58:49 AM PST by Girlene (Hey, Repub's: This is an entrepreneurial insurgency)
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To: henkster

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.


19 posted on 02/04/2009 5:58:51 AM PST by kabar
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To: N. Theknow

LOL.


20 posted on 02/04/2009 6:01:19 AM PST by Girlene (Hey, Repub's: This is an entrepreneurial insurgency)
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