Friday, January 21, 2011

U.S. and China not getting along these days

In case anyone didn't notice, this Wednesday's side show dinner with President Obama and Chinese President Hu, was just that...  a show for the American people. I'm sure that the objective of this little get together between the two leaders was to discuss international relations, the economy and of course, China's support of North Korea.

Well the show has been over for a day now, and it has become clear to just about everyone that the United States and China are not getting along.

For one, China (or as Glenn Beck refers to as our landlord) owns our staggering $14 trillion debt. Treasury Secretary Tim Geithner is begging Congress to raise the debt ceiling limits because he believes if they don't, our economy will dwindle back down into a much worse recession than in 2008. So if the Republican controlled House is going to raise the debt limits, which they vowed never to do, this means Geithner is most likely going to have to go back to China and beg for more money.

Last year, the United States tried unsuccessfully to convince China to revalue its currency, so that jobs would be imported back here. Now, the United States is trying to teach China a lesson (as embarrassing as that sounds, they're only years ahead of us) by putting tariffs on China's exports, which were passed by the House back in September.

Then you have North Korea. Its most generous supporter is of course, China. Ever since North Korea fired artillery on South Korea, China has done little to convince peace talks between the two countries. The United States today said that it will redeploy forces to Asia, if China continue to fail on getting a hold on North Korea's rather rebellious acts as of late.

The United States of course strongly believes North Korea could be a major threat if nothing is done.

So because of a crumbling economy, revaluing currency and dealing with some 4 foot dictator, these are the reasons why China and the United States can't get along lately, and yet both countries think that playing these games will solve our problems.

Thank god that's why we have the Pacific Ocean that separates one from the other. But if we don't meet our debt obligations, I guess China could move in here at any time.

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