Seems all that illegal Chinese money did what it was intended – got Hillary to be a willing stooge of her ChiCom paymasters:
Secretary of State Hillary Rodham Clinton on Sunday urged China to keep investing its substantial foreign-exchange reserves in U.S. Treasury securities, arguing “we are truly going to rise or fall together.”
China is the biggest foreign holder of U.S. debt, which helped finance the spending binge the United States went on before the current economic crisis. Some experts have expressed concern that China’s substantial holding of U.S. debt gives it increased leverage in dealings with Washington because any halt in Chinese purchases would make it more difficult to finance the government bailout and stimulus packages.
I like that MSM bias, too – we went on a “spending binge” under President Bush, but what we’re doing under Obama is “stimulus package”. Someone got a way to differentiate between “binge” and “package”? Ah, well…
Anyways: it was announced earlier that Hillary had taken China’s horrific human rights record off the table…so, we’re officially unconcerned with forced abortions, torture, slave labor…but we don’t want the Chinese to buy our bonds, lest we be forced to print money to pay for Obama’s asinine economic policies. And when China decides to, say, move on Taiwan, just what will Hillary do? Get tough with the people who have the receipts for her illegal campaign contributions? Demand the largest holder of US debt back off?
Its going to be a loooong four years.
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