Well, Obama had an important friend over last night for dinner. A man that this country owes quite a bit of money to right now, President Hu Jintao of China. Obama said during a welcoming ceremony for Hu outside the White House last night:
“History shows that societies are more harmonious, nations are successful and the world is more just when the rights and responsibilities of all nations and all people are upheld, including the universal rights of every human being,”
This is a nice sentiment, and I do truly hope that this message will be heard by the Chinese government, but there are some other pressing issues at hand also. The way that Obama and the EPA are changing rules on the coal industry to fit their agenda :
This seems a bit reminiscent of what happened after the Gulf oil spill when they issued the moratorium on offshore drilling in my mind. Meanwhile in an article published in the opinion pages of The Wall Street Journal, Mr. Obama said he intends to issue an executive order initiating a review to “make sure we avoid excessive, inconsistent and redundant regulation,” focusing on rules that “stifle job creation and make our economy less competitive.” He also suggested future regulations must do their job “while promoting economic growth.”
I seem to detect a bit of double speak and runaround type behavior that is somewhat similar to the way China has been acting in their own country about trying to have things both ways. Here’s a quote regarding some of those practices:
“McGregor offers this warning to U.S. officials and company executives: “The same ministers they meet in Beijing for friendly trade talks are also directing plans for creating Chinese technologies and companies to replace them.” The country’s indigenous innovation drive, he adds, “is forcing foreign technology companies to anguish over balancing today’s profits with tomorrow’s survival.”
“The public may not fully understand or appreciate the debates over the China’s currency valuation. But, with America’s highly attuned sense of fairness, accusations that China is stealing our technology to bolster its own industry will resonate — loudly.
China’s fiercest nationalists probably don’t care. But any look into the future suggests that President Obama and his top officials are in a position to play their own form of offense. Even when China’s GDP reaches that of the U.S., possibly by 2020, per capita income will be only a third of what Americans enjoy. In other words, the U.S. will continue to be a critical market for the exports they need to sell.
As Schwab ticks off the list of crises facing Beijing, from demographics to poverty to resource shortages, she notes: “I’d take our problems over theirs any day.” That’s something for this week’s negotiators to keep in mind.”
Let’s hope that these two leaders can actually come to some kind of agreement that can potentially solve both of our countries problems and show some real results in the near future. But I have a feeling that it will all come out sounding like a badly dubbed Kung Fu film.
This is what Taiwan thinks of us these days:
And here’s a handy guide to how to swear in Chinese in the future (WARNING EXPLICIT LANGUAGE ) :