|
 |
China beware
|
| An Editorial |
July 21, 2009 |
|
Chinese officials seem to be progressively queasy about the Obama Administration's expenditures.
China now holds about $1 trillion in U.S. bonds, and the Democrats will need her to buy a substantial amount of some $2.5 trillion more debt they hope to generate this year.
Chinese Premier Wen Jiabao said earlier this year he is "concerned about the safety of (China's) assets."
He has reason to be worried. His statement was issued before President Obama began pushing the deadline on his expensive socialized medicine
initiative.
Saving the U.S. government is not high on the Chinese administration's list, but if they would announce right now that they will not purchase any more American debt, that could well be the only thing that could save this country.
|
|
©The Democrat 2010
|
|
|
