Obamanomics too Socialist for China?

China's premier said Friday he is worried about the safety of the enormous holdings of U.S. Treasuries and other debt and called on Washington to maintain a credible economic policy.

Premier Wen Jiabao noted that that China is now the largest creditor to the United States and as such wants to make sure that U.S. policies dealing with the financial crisis do not damage the value of Chinese holdings.

What the Chinese are saying is that Barack Obama and the rest of the fools in Washington do not know how to behave fiscally responsible and their bank may have to trim the available balance on their credit card. Who is the real super-power here?

posted at 00:22:59 on 03/13/09 by clearpolitics - Category: Economics - [Permalink]

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http://www.classeparty.com/ wrote:

Yes I am also regularly watching the news about this concept.
03/13/09 09:50:55

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