February 22, 2009
Hillary to Chinese: Buy U.S. Debt!
I certainly do think that the Chinese government and central bank are making a smart decision by continuing to invest in Treasury bonds. It's a safe investment. The United States has a well-deserved financial reputation.
Sounds more like a pitch from a used car salesman to me. Hillary did promise us “smart power” diplomacy during her tenure as Secretary of State. “Smart power” sounds an awful lot like begging when she says things like this to the Chinese media:
So by continuing to support American Treasury instruments, the Chinese are recognizing our interconnection. We are truly going to rise or fall together. We are in the same boat and, thankfully, we are rowing in the same direction.
Our economies are so intertwined, the Chinese know that to start exporting again to their biggest market, namely the United States, the United States has to take some very drastic measures with this stimulus package, which means we have to incur more debt.
Read that last sentence carefully. Then ask yourself this question: If you were the head of communist China … would you buy a used car from this woman?