Thursday, November 19, 2009

Chinese compare Obama to Mao Zedong

"Just prior to the November 15 Obama visit to China, a front-page article in the New York Times began with the following sobering assessment: “When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker.”"

"Thus we see acknowledgement of the fact that China holds more U.S. debt than any other country and, consequently, has the power to pull the plug on the American dollar. That’s not a good position for any American president to find himself."

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