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March 16, 2010 A tale of three cities
Some people in Britain espouse greater confidence in America than perhaps most of us feel ourselves. After more than two years of dire economic/political news, this writer took a certain amount of pleasure from an article posted in the London Telegraph and picked up by Drudge.
The story tells the tale of three cities; London, Washington, and Beijing, and the character behind each. First, the British newspaper conveys a mother's confidence in her wayward child:
To which the Telegraph writer responds, "Is the Politiburo smoking weed?" Any attempt to retaliate by triggering a US bond crisis would rebound against China, and could be stopped - in extremis - by capital controls....The China-US relationship is no doubt symbiotic, but a clash would not be "mutual assured destruction", as often claimed. Washington would win. So, at least we have some Brits on our side. How do the Chinese feel about things? But, do the Chinese respect the US? Not according to the Telegraph: In Copenhagen, Wen Jiabao sent an underling to negotiate with Mr Obama in what was intended to be - and taken to be - a humiliation.And the response from the third of the three cities in this story? The US President put his foot down, saying: "I don't want to mess around with this anymore." That sums up White House feelings towards China today.John Peeples |
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