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Saturday, February 21, 2009

Clinton Assures China on Investments: What About Us?

Hillary Clinton went to China to assure Chinese investors (i.e. the Chinese government) about the safety and security of investing in the U.S. (video here). Great. What about assuring U.S. investors? Don't we matter?

With the export-heavy Chinese economy reeling from the U.S. downturn, Clinton sought in meetings with Premier Wen Jiabao and other top Chinese government leaders to reassure Beijing that its massive holdings of U.S. Treasury notes and other government debt would remain a good investment.

"I appreciate greatly the Chinese government's continuing confidence in United States treasuries. I think that's a well-grounded confidence," Clinton told reporters at a joint news conference with Chinese Foreign Minister Yang Jiechi.

"We have every reason to believe that the United States and China will recover, and together we will help lead the world recovery," she said.

While Hillary smooth talks the Chinese, Obama continues to talk down our economy and markets to the point that Obama is creating a self-fulfilling prophecy of a looming depression as cover to push through his plans to remake our economic system.

A little hope? A little change? Hillary for President, anyone?

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