U.S. President Barack Obama has been portrayed by the mainstream media as being “friendly but firm” with Xi Jinping, who is in line to become the next leader of China (a.k.a. the “Top Donger”).
According to Reuters, Obama “warned” Jinping that his nation must play by the same trade rules as the rest of the world. Meanwhile according to the Associated Press, both Obama and Vice President Joe Biden reportedly sent “stern messages” to Jinping about the importance of his country “showing more responsibility economically.”
The last time we checked, China held more than $1 trillion of America’s debt – easily the largest share in the world.
(In fact one of our readers has posted the latest numbers in our comments section below …)
In other words that means they get to warn us … not the other way around. And they did warn Washington policymakers last summer shortly after Standard and Poor’s downgraded the federal government’s credit rating.
“To cure its addiction to debts, the United States has to reestablish the common sense principle that one should live within (their) means,” China’s official news agency wrote last summer.
We couldn’t agree more …
Given its new place in the world, the notion that the United States of America can firmly sternly or otherwise “warn” other nations about anything – least of all economic responsibility – is laughable. If anything, it is our government that must heed China’s warnings.
Pic: via Daylife