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Obama blinks at Beijing's bullying
NY Post ^ | October 14, 2010 | Benny Avni

Posted on 10/15/2010 2:37:15 AM PDT by Scanian

China keeps pushing. Will President Obama ever push back?

Defense Secretary Robert Gates did what he could in Hanoi at this week's gathering of the Association of the Southeast Asian Nations. But he can't do much about the impression his boss has left on the world stage.

Beijing has been pushing its neighbors around, while forming some worrisome military relations with America's far-flung adversaries, including Iran.

In response to North Korea's unprovoked and deadly attack on the South Korean ship, the Cheonan, we recently conducted a naval exercise with South Korea. Beijing answered by conducting a regional naval drill with Australia -- without inviting us.

Meanwhile, Chinese "fishermen" (in fact members of the military) have clashed with Japan's fishermen and Coast Guard officers in an attempt to conquer some remote Japanese islands famous for their rich fishing harvests. On Sept. 7, Tokyo arrested a Chinese captain over one incident -- but later felt obliged to release him, a marked humiliation.

Nor was that an isolated case: China increasingly harasses the Vietnamese and other neighbors in the East China, South China and Yellow seas -- saying, in effect, we're boss here and we'll take whatever we believe is ours.

(Excerpt) Read more at nypost.com ...


TOPICS: Foreign Affairs; Government; Japan; News/Current Events
KEYWORDS: aggression; china; gates; pushing; turkey

1 posted on 10/15/2010 2:37:18 AM PDT by Scanian
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To: Scanian

Problem is....anyone who still supports Free Trade with Communist China is acting like a wimp vs Communist China.

If you really want to get tough with Communist China...slap a 25% tariff on all their products. Watch the ChiComs start backing off.

But, unfortunately, too many are just as wimpy on Communist China as Obama is. Of course, Obama is not going to diss his fellow traveller Commies.


2 posted on 10/15/2010 2:50:46 AM PDT by UCFRoadWarrior (They don't let you build churches in Mecca)
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To: UCFRoadWarrior

Want to get back at China there is a very simple way. Tell the Saudis, Venezuelans and Mexicans to piss off and we drill our own oil and use our own resources. Then we undersell everyone.

The second thing we do is offer incentives to our companies with factories in China to bring their manufacturing closer to home.

Finally close the border.

At the least, China will get the message that we aren’t screwing around.


3 posted on 10/15/2010 3:28:27 AM PDT by EQAndyBuzz (Remember March 23, 1775. Remember March 23, 2010)
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To: UCFRoadWarrior
Problem is....anyone who still supports Free Trade with Communist China is acting like a wimp vs Communist China.

Free trade should only be with countries that reciprocate. China does not allow their currency to adjust. China does not allow foreign (< 51% Chinese ownership) companies to own PPE in China. China uses slave labor. China does not respect intellectual property rights.

China doesn't do free trade with us. Until they do we should not have free trade with them. Slap on a big honking tariff and gets some jobs back here.
4 posted on 10/15/2010 4:02:11 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: EQAndyBuzz
Want to get back at China there is a very simple way. Tell the Saudis, Venezuelans and Mexicans to piss off and we drill our own oil and use our own resources. Then we undersell everyone. The second thing we do is offer incentives to our companies with factories in China to bring their manufacturing closer to home. Finally close the border. At the least, China will get the message that we aren’t screwing around.

I pray we get an Administration with the balls to do this.

5 posted on 10/15/2010 4:13:06 AM PDT by thethirddegree
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To: EQAndyBuzz
Good to find someone willing to compete rather than whine about those mean old foreigners and reflexively stick up tariffs. Good for you!

Tariffs are great if you want to enrich government, impoverish consumers and turn wide swathes of American industry into toxic welfare dumps.

But if you want to actually compete, you need to reduce America's crushing internal barriers to wealth production. Which means: slash taxation and regulation - and reform tort law.

America has excellent competitive advantages, but they're currently masked by its self-induced barriers to production. You have the right idea.

6 posted on 10/15/2010 4:38:15 AM PDT by agere_contra (...what if we won't eat the dog food?)
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To: UCFRoadWarrior

Obama can’t AFFORD to offend China. They are still needed for our evcer increasing DEBT. We still need China to buy our DEBTand he knows that. Also China is MORE CAPITALISTIC than the U.S.. The OLD sterotype of China being Communist hardly applies but it serves some people well in FEELING superior to them as the U.S. turns into a third world, impoverished, COMMUNIST country.

China is growing up leaps andbounds economically as the U.S. sinks. Obama bails out UNIONS and can’t help himself in DUMBING U.S. down while CHina LAUGHS at the U.S. economic direction. Need I remind you of this?

Geithner’s assurance of dollar’s safety draws laughs in China:

A student audience in Beijing burst into laughter when U.S. Treasury Secretary Timothy Geithner said the Chinese government’s investments in U.S. dollar-denominated assets are safe. “Chinese assets are very safe,” Geithner said. “We believe in a strong dollar ... and we’re going to make sure that we repair and reform the financial system so that we sustain confidence.”

http://www.smartbrief.com/news/cfa/storyDetails.jsp?issueid=F827E24D-51D4-4053-A76D-7FA9790BED5C&copyid=F851FC06-B2B1-4214-9E12-0C7E44A06C6D

CNBC.com: Shock and Awe: The U.S. Deficit Problem
October 6 2010 -
Published: Wednesday, 6 Oct 2010
By: Lori Ann LaRocco
CNBC Sr. Talent Producer

...

LL: I have been hearing from numerous contacts that they are afraid there will come a point where China tells the U.S. to stop spending and make spending decisions for us. Who is in charge of our destiny? Is it the U.S. or China?

BC: Today we are probably still in control of our destiny but very soon we won’t be. During the financial crisis I spent a lot of time on the phone with Hank Paulson. I’m kind of a seven day a week person and during the crisis so was he, and he kept telling me, “Corker I’m concerned about China. Corker, I’m concerned about China.”

...

Again, we are above where we need today, but we’re quickly moving into a place that puts us into that kind of situation where people and countries will tell us what to do. That’s what lenders do right now with borrowers. Lenders begin telling borrowers how to run their operations. That’s exactly what could very well happen to our country if we continue on this path. We are putting ourselves in a very perilous situation.

...

http://corker.senate.gov/public/index.cfm?p=News&ContentRecord_id=79a19882-c59f-470c-b013-81ab4c242725

China tells U.S. to put fiscal house in order
May 20, 2010

...

“We have noted that President (Barack) Obama and Treasury Secretary (Timothy) Geithner have stressed they are paying attention to the problem of the excessively high U.S. fiscal deficit”, Zhu said, noting that it was also “a matter of concern to China.”

“We hope that the U.S. fiscal deficit will fall as a proportion of GDP as the economy recovers and reach a sustainable level,” said Zhu.

So China has noted our similarity to Greece. And this verbal spanking is not unlike what the EU has been delivering to Greece. At least, in the early stages.

...

China is the world’s largest holder of U.S. Treasuries with $895.2 billion. It added to its stockpile in March for the first time in seven months.

Chinese officials, including Premier Wen Jiabao, last year prodded the Obama administration to avoid pursuing fiscal policies that could erode the value of those treasury holdings.

It didn’t work. Instead, Mr. Obama ballooned the deficit at a rate never before even imagined.

No wonder the Chinese stopped buying our debt.

Geithner will tell Chinese officials that the United States intends to get its deficits down but only after recovery is fully established, a Treasury official said on Wednesday…

...

http://sweetness-light.com/archive/china-to-us-put-fiscal-house-in-order

http://corker.senate.gov/public/index.cfm?p=News&ContentRecord_id=79a19882-c59f-470c-b013-81ab4c242725

You canbeat up CHina all you want but the FACT remains that Obama is spending away our future and even the CHINESE with the money for our DEBT are backing off. They also SENSE that Obama is a wimp. THey’ve gotten him by the short hairs with their WEALTH and buying of our DEBT. We, the U.S. can NOT afford to bite the hand that FUNDS OUR DEBT. The U.S. is WEAK and China SEES IT.


7 posted on 10/15/2010 4:53:32 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: UCFRoadWarrior

TARRIFS are the worst thing you’d want to do. It is OBAMA that is the problem to our economy. Stop making up excusesfor him. I can’t blame China for literally LAUGHING at U.S. and stepping away from debt buying. They KNOW they have the upper hand now and they are acting out.


8 posted on 10/15/2010 4:55:45 AM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: EQAndyBuzz
Tell the Saudis, Venezuelans and Mexicans to piss off and we drill our own oil and use our own resources. Then we undersell everyone.

Oil is a scarced resource, and if market principles applies, this will only lead to a price war to the bottom. the US undersells, so can the competition until both end are selling at cost. Also, the US selling oil below market value would imply nationalization of oil resources because no private entity would undersell unless said oil was subsidized; and if that is the case, it might just fire back with individuals choosing to use more oil. Look at water, its free through taxes, hence we waste, if we charged even $0.01/L in royalty, consumption would drop.

The second thing we do is offer incentives to our companies with factories in China to bring their manufacturing closer to home.

that would imply giving some darn good incentives, because companies aren't going to accept a symbolic transfer payment as token of appreaciation in conforming with it. We're talking subsidizing every job created, long term tax credits, massive transfer payments through objective oriented programs, watering down legislation that is a business repellant; and in todays economy, that is not doable.

Finally close the border.

If were talking closing the border to illegals, im all for that, however if were talking closing the border to trade, then, its not going to end well.

9 posted on 10/15/2010 7:37:46 PM PDT by Jacobsons
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To: Scanian

chicom bump for later........


10 posted on 10/16/2010 10:08:45 AM PDT by indthkr
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