Obama: Investors Should Have 'Absolute Confidence' in the U.S. (Begging China)

Fox ^ | 3/14/09

[Recovering_Democrat]

The Chinese and other foreign investors should have "absolute confidence" in the soundness of their investments in the United States, President Obama said Saturday.

Obama commented in the Oval Office in response to a question about the Chinese premier's concerns over the safety of his country's holdings in America. China is Washington's biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. The Obama administration is counting on the Chinese to help pay for the $787 billion economic stimulus package by buying U.S. bonds.

[Recovering_Democrat]

The Obama administration is counting on the Chinese to help pay for the $787 billion economic stimulus package by buying U.S. bonds.

Nothing unusual about buying bonds: China has been buying US bonds for a while.

The unusual part is that Hussein, ignoramus extraordinaire, has championed the debt of this SIZE. And now it appears his "adviors" have told the Messiah he has to have the help of the ChiComs to service this debt.

Remember a few days ago when Hussein said he really didn't pay attention to the stock market?

He was telling the truth!

He doesn't give a damn. But his Treasury Secretary, no doubt, heard Hussein's remarks and knew it would have repercussions down the pike.

Little tin god was pulled aside and told to start talking UP the economy.

So the other day, in the midst of unemployment numbers the highest in 26 years, Hussein says the economy "is not as bad as we think..."

If Bush had said such a thing, the LameStream Media would be ripping him a new one for the next six months!

Instead, DunceCap Zero gets a pass.

[Jim Robinson]

And China ends up owning us lock, stock and barrel.

[sbark]

China could do RightWing & middle America a huge favor by flat out telling Obama it wont float the debt

.....maybe a few key top GOP Congressman & Govenors should take a pelosi-esque’ trip (ala Syria etc) to throw a few factoids at the Chinese...

Would be a huge outroar by the left.....just more hypocricy—but it would be well worth the trip to shut down socialism/Obamaism

[This_far]

If we don’t have confidence, why should China?

[stevem]

And China ends up owning us lock, stock and barrel.

Are they stupid enough to make the investment?

[mcshot]

Geez, I remember the hullabaloo that was generated by the MSM when it was thought the Chinese were going to buy or manage our ports. Big deal then but now 0 turns around and sells them the whole works so he can wipe out America as we know it.
Looks like some “oath takers” are going to have their hands full at home instead of chasing “noncombatant and former enemies” abroad.

[Jim Robinson]

Buy low, sell high. Another few weeks with Obama at the helm is sure to sink us to new lows. It’ll be a bargain for those with cash. And our cash has been pouring into China’s vaults for years. Crazy, but China is set to buy what’s left of America with our own money.

[sten]

huh? hell... *I* don’t even have confidence in the US markets.

what an A-hole, 0-bama is.

[Argus]

At this point I have no doubt that the Red Chinese would do a better job of running the US economy than the Community Organizer In Chief and his panel of idiots, not to mention the clowns in Congress.

[Jim Robinson]

At least the modified capitalist ChiComs will be looking to make a healthy profit on their investment. A concept completely foreign to the purely Marxist Obama.

[JudgemAll]

Let us see if the Obambinos will sue the Chinese for racism and not loaning a black prez.

I’m waiting for the magic negro effect abroad (sarc off)

Time to sweeten the Chinese nukes the way Clinton did, perhaps?

[This_far]

“Time to sweeten the Chinese nukes the way Clinton did, perhaps?”

Clinton/under, provided an advanced delivery system v Loran, if anything (or more).

Current delivery systems are financial. Software versions of the neutron bomb.

[verklaring]

The Chinese and other foreign investors should have "absolute confidence" in the soundness of their investments in the United States, President Obama said Saturday.

A simple question by way of response: WHY?

Why should investors have such confidence? Because he says so? The country is bankrupt, cannot pay its debt, which will soon exceed its income. It has not cut spending but is spending, borrowing and printing funny money like there is no tomorrow. We are currently spending our great grand children's money, let alone our children and grand children.

As an investor I have no confidence in any USA investment at present, including bonds.

[appeal2]

It’s okay. The bonds are insured by AIG.

[GOPJ]

But his Treasury Secretary, no doubt, heard Hussein's remarks and knew it would have repercussions down the pike. Little tin god was pulled aside and told to start talking UP the economy. So the other day, in the midst of unemployment numbers the highest in 26 years, Hussein says the economy "is not as bad as we think..."

The only way the economy isn't as bad as we think is IF THEY LIED to us the first time - and the tanked economy was the "October Surprise".

Either the dems are idiots or they are so corrupt they took the economy to the brink of disaster to win an election.

And sitting here tonight - I don't really don't know which.