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Richmans' Trade and Taxes Blog
Obama bows as Chinese President Hu stiffs him
[This piece was published in the American Thiner on April 15: See: http://www.americanthinker.com/2010/04/obama_bows_while_hu_stiffs_him.html]
President Obama bowed to Chinese President Hu while they shook hands at the beginning of the April 12-13 Nuclear Security Summit in Washington. President Hu did not bow back. The rest of the summit played out the same relationship.
First, Hu rejected Obama's request that China stop using currency manipulations to steal American industry. At a press conference, President Obama tried to paper over the slight. He said,
Next, Hu stiffed Obama's request for sanctions against Iran. Instead, China started shipping gasoline, giving Iran the key import that it needs. The following begins a Reuters story:
State-run Chinaoil has sold two gasoline cargoes for April delivery to Iran, industry sources said on Wednesday, stepping into a void left by fuel suppliers halting shipments under threat of U.S. sanctions.
By bowing to President Hu's intransigence, President Obama is announcing that he will let Hu continue to de-industrialize the United States and that he will let totalitarianism replace democracy and the free market as the world's dominant social and economic system. President Hu is refusing to adjust China's currency to the market level so that he can continue to steal American manufacturing industries. He is shipping gasoline as part of his continuing support to the world's most repressive regimes in North Korea, Burma, Sudan, and Iran....
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Comment by Ken Hoop, 4/15/2010:
I agree with you on proper China trade policy, but one image. George Bush in love embrace with Saudi royalty. A government making Iran's seem moderate by comparison. The Shah wasn't very nice either, but as long as he stayed on good terms with Israel, we supported him.
Comment by John, 4/15/2010:
Wish you had been to Iran. How do you know what Iran is like when you have neven been there? American people, wake up to the reality - nobody but yourselves has destroyed America by letting the powerful interest groups taking over the government. Remember the proverb: one always deserves what one's got.
Response to this comment by Ken Hoop, 4/16/2010:
Comment by Tom McHle, 4/17/2010:
I am so ashamed of this President. It is killing me that he is spitting in the face of Our Veterans and fellow Countrymen. I can't wait until he's out of office. I never thought we could have a President worse than Jimmy Carter, boy was I wrong. I hope our Country has learned a lesson. The next President, Dem/Rep/Ind, does not have to Apologize nor Bow to anyone!!!
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