Monday, April 5, 2010

China Coming to AmeriKa

No, Americans, the factory jobs are not returning; however, the Wal-Mart merchandise keeps on coming.

This article refers only to the leader.


"Chinese leader plans US visit as tensions ease; Nations hope to thwart Iran’s nuclear plans" by Mark Landler and Andrew Jacobs, New York Times | April 2, 2010

WASHINGTON — Tensions between China and the United States have ebbed significantly in recent days, with the countries now working together to confront Iran over its nuclear ambitions and with the Obama administration backing off a politically charged clash over China’s currency.

I told you.

And China just agreed to talk because it is rude not to.

MSM paints it as if they are ready to approve sanctions, and that ain't happening!

But hey, what is one more distortion in a newspaper full of them?

The warming trend was evident in the Chinese government’s announcement yesterday that President Hu Jintao will attend a nuclear security summit meeting in Washington this month. US officials had feared that Hu would skip the talks to express China’s anger over recent diplomatic clashes, including a White House decision to sell arms to Taiwan and President Obama’s meeting with the Dalai Lama, the exiled Tibetan leader.

Related: Chinese Ticked Off Over Taiwan Weapons Deal

Around Asia: China on the Prowl

But this week, the drumbeat of bad news — and an underlying narrative of a rising China flexing its muscles against a debt-laden United States — has suddenly given way to talk of collaboration.

The United States is also setting aside for now potentially the most divisive issue in the relationship, deferring a decision on whether to accuse China of manipulating its currency, the renminbi, until well after Hu’s visit, according to a senior administration official. That decision, the official said, reflects a judgment that threatening China is not the best way to persuade it....

But it WORKS(?) in SO MANY OTHER CASES!!!

What do you mean you won't buy our worthless bonds anymore?

Still, the administration’s decision not to force the currency issue now could carry political risks at home. Lawmakers on Capitol Hill have introduced legislation calling for broad trade sanctions against China if it does not change its currency policy. And unions and manufacturing firms cite the undervalued Chinese currency as a major culprit for lost US jobs.

Then why did the government give corporations tax breaks to move there?

A White House official said that if China does not take action on its own, the administration could raise the issue again at the Group of 20 summit meeting in Toronto in June. The White House welcomed Hu’s visit as proof that its policy of engaging with China on strategic issues of common interest had paid off....

Which means NO WAR with CHINA, right?

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