×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: Tantaros | Hu Jintao | China | credit | Obama | state dinner

China Knows We Are Addicted to Debt

By    |   Friday, 21 January 2011 01:24 PM

China officially planted its flag in the White House on Wednesday. Despite a lot of awkward, warm, and fuzzy public chatter about how much America and China respect each other — and talks on tourism and the dire need for more study abroad programs — President Obama and President Hu Jintao of China danced around the biggest issue at hand: The fact that China has become our banker, one that knows how addicted we are to easy credit.

That didn't stop us from throwing the Chinese a big, fancy "quintessentially American" state dinner, at which the likes of jazz singer Dianne Reeves and classical pianist Lang Lang performed. You know, just your average Wednesday night meal.

And forget that we essentially used Chinese money to throw the dinner — nothing makes up for the almost a trillion dollars that we owe China in debt. A single party, no matter how lavish, is just a drop in a huge, expanding bucket.


To read more, Go Here Now.


© 2022 Newsmax. All rights reserved.


AndreaTantaros
China officially planted its flag in the White House on Wednesday. Despite a lot of awkward, warm, and fuzzy public chatter about how much America and China respect each other and talks on tourism and the dire need for more study abroad programs President Obama and...
Tantaros,Hu Jintao,China,credit,Obama,state dinner
164
2011-24-21
Friday, 21 January 2011 01:24 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved