Obama Already Has China Playing Defense

[Landis82]

Quote from ByLoSellHi:

AAA, it is an interesting article. I agree wholeheartedly, and I also agree there is nothing accidental about it being printed.

hoodooman, you are correct, sir.

Landis, you once again demonstrate integrity and an astute and, frankly, shockingly good memory. I fear being on the other side of any debate with you if I ever contradict myself, no matter how long ago that infraction may have been.

Have a great weekend, Sir!


http://blogs.cfr.org/setser/2009/01...on-chinas-government-for-financing-right-now/

 

[ZZZzzzzzzz]

That would be Maverick74...

...here is but a taste of his "right stuff"

http://www.elitetrader.com/vb/showthread.php?s=&threadid=22095

Quote from Landis82:

As I recall, there was a "Maverick" on ET about 5-6 years ago that was the BIGGEST "cheerleader" for George Bush out of any poster on ET at that time.

 

[Mav88]

Some geniuses on ET think all aliases with a mav in their name are the same person, just as I suppose they must think all Jane Smiths in the phonebook must be one. Oh the intellectual firepower is remarkable...and now Z joins in, how appropriate.

let's see, a few off topic irrelevencies brought up, mention of an econ class, a few reassuring chuckles and emoticons,... wait-where's the actual point??

 

[Mav88]

BTW Landis I did some research on you: http://gay.matchmaker.com/mm/gay-personals/saskatchewan-landis.htm

Gotcha! I knew it by the gay post style. #82 eh? I bet you're a devil with the boys.




Back to the point of tough guy talk.

This is sticking to the campaign script, we are still in the image and fluff world used to get elected. We'll see if anything changes. What's amazing about the Obama cultists is that somehow all previous history is forgotten. This issue is about 15 years old and the talk is always the same and the result is always the same. Nothing new, it's just when Mullah Obama says it, the followers act like girls at a Jonas Bros. concert.

For people who want to get past that, it was the last democratic president who signed the damn trade deal and crowed about it, so the reality is that nothing will likely come of this tough guy talk. It is for consumption by the masses.

http://archives.cnn.com/2000/ALLPOLITICS/stories/10/10/clinton.pntr/


There are plenty of voices within the democratic party that would oppose cracking down on China since neoliberal economics was quite at home with the democrats. Both Hillary and Obama did the 'crackdown threat' as a crass populist maneuver to get elected. Like many such previous campaign dramas, the act will probably fade away when push comes to shove. We are now sitting on a bond bubble, if you upset that apple cart there is nothing to stop depression. Smoot-Hawley like action against China could be the trigger for such an event since at this point in time the only alternative the government seems to think it has is more stimulus on borrowed cash. That far outweighs trade considerations right now and there is no way Hussein will risk it. He'll put it off indefinitely and BuyHi will come here and tell us how intelligently reserved and measured the decision was.

 

[Mav88]

Bush confronted the Chinese several times over the currency, had he been more forceful he probably would be criticized by demo shills as being a cowboy unilateralist. Obama hails himself as a more thoughtful foreign relations president, let's see if his new tough guy in town act is really more thoughtful. Obama shills act like nobody has ever had the stones to negotiate with China over this, well lets see.

In 2007: http://www.voanews.com/english/archive/2007-05/2007-05-24-voa61.cfm

President Bush made clear that he greatly values the deepening U.S.-China trade relationship. But he emphasized the need to remedy an imbalance that is deeply in China's favor. He also stressed the need for China to loosen its strict control of the currency and allow it to rise against the dollar.

"I emphasized to Madame Wu Yi as well as to the delegation that we will be watching very carefully as to whether or not they will appreciate their currency," said President Bush. "And that is all in the context of making it clear to China that we value their relationship, but that a $233 - billion trade deficit must be addressed."

In 2006: http://news.bbc.co.uk/2/hi/americas/4925704.stm

Mr Bush urged Mr Hu to take action over the yuan. US producers say its low value is a barrier to exports to China, and has contributed to the massive US trade deficit with China - which reached $202bn (£113bn) last year.

Last year a currency bill was introduced probably like what Mullah Obama is preaching and was supported by communists like Jim Bunning, but an alternative approach a la Bush was supported by such raging conservatives like Charles Schumer.

http://thehill.com/business--lobby/labor-firms-target-china-currency-status-2007-03-21.html

The point is that what Obama is touting is not new and creative, it would have happened by now if it were clearly the only strategy. BuyHi though has been hypnotised by the Mullah into thinking we have entered a new phase of Camelot and suddenly much smarter people have been elected. Much like Jack Hershey was described in another thread recently.