Obama Administration Confusing The Heck Out Of China

• February 25, 2009

Amateur hour in the White House continues.
This is what China is hearing from the Obama administration now:

US Secretary of State Hillary Clinton has pleaded with China to continue buying US Treasury bonds amid mounting fears that Washington may struggle to finance bank bail-outs and ballooning deficits over the next two years. “It’s a safe investment. The United States has a well-deserved financial reputation,” she told Chinese television stations at the end of her diplomatic tour of Asia.

This is what China was hearing from the Obama administration a month ago:

President Barack Obama believes China is “manipulating” its currency, his choice to head the U.S. Treasury said on Thursday….Washington will “aggressively” use all its diplomatic tools to press Beijing to move faster on currency reform, New York Federal Reserve Bank President Timothy Geithner said …U.S. Treasury bond prices fell on worries China could respond to Mr. Geithner’s frank comments by dumping U.S. Treasury bonds.

So, basically, Secretary Clinton is asking the Chinese government to do exactly what Secretary Geithner and Barack Obama don’t want them to do.
But don’t worry, folks. Obama’s more than qualified to be President. Didn’t you hear him mention his years as a community organizer?

Tags: Asshats, Domestic Issues, Politics

http://Array robert108

It’s no mystery; the markets have tanked since it became clear that a Kenyan Marxist would be in charge of our country. Our own investors don’t want to get involved in an Obamunist economy, either.
lovebybi

The Chinese understood NOBAMA centuries ago….

“To talk much and arrive nowhere is the same as climbing a tree to catch a fish”
docdave

Hell, we don’t understand Obama either as we wait with baited breath to find out what is the next thing he will screw up.
jjmacky

I don’t know if I would go as far as saying our own markets don’t want to get involved, but he’ll has his hands full that’s for sure.
bill-tb

Chinese needs some crash courses in Obama jive talking … It’s just talking in lies, so it really isn’t hard to understand, once you grasp the basics.
http://ndgoon.blogspot.com/ goon

gee, I can’t see why China is confused.
Heck everytime someone from the NOBAMA administration talks it gets more confusing.
Buzz

No your confused.

U.S. Treasury bond prices fell on worries China could respond to Mr. Geithner’s frank comments by dumping U.S. Treasury bonds.

China could dump bonds as a reprisal to being forced to reform there monetary stance. As yo know China’s currency does not have a “market”. It is pegged to the US dollar, therefore keeping its value way too high.
http://suitepotato.blogspot.com/ sayanything-4808

Disorienting Asia already? That was quick.

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Obama Administration Confusing The Heck Out Of China

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