Michael Scherer wants to know if Bush will remain silent in China about the Chinese government's support of Sudanese genocide.Bush really isn't in much of a position to criticize China -- which doesn't get nearly enough press attention.
The fact is that China has Bush -- actually all of us -- over a barrel that limits just how critical we can be.
As of April 2008, China owned $502 BILLION dollars of US Treasuries, second only to Japan. China may own an additional $30 BILLION worth of Fannie and Freddie bonds.
China doesn't need an army to bring the U.S. to our knees -- they can just stop buying our debts.
And yes, this is mostly Bush's fault because of his fiscal policies of massive spending and massive tax cuts. Bush inherited a $150 BILLION surplus which he immediately turned to deficit with tax cuts and spending increases.
Yes, Congress played a roll, Sept. 11 played a roll and trade deficits continue to play a roll, but the biggest problem are tax cuts to very wealthy Americans that are completely out of proportion to demands of a nation fighting two wars and domestic disasters. Bush and the GOP congress have been "spending like drunken sailors" and the result is that we now dance for China.
Our best national defense in the 21st century isn't with guns and tanks. We need to start paying out bills. Then we can tell China what we really think of them.
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