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China and Obama’s economic health-care
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Obama "making it all uphill" at the Great Wall of China (Photo AP/Charles Dharapak)
Obama’s chilly China trip was primarily a sightseeing tour of another wonder of the world at the expense of taxpayers. Representing a government that knows no bounds to spending, he tried to convince the Chinese to be more like him; importing, not just exporting. China keeps tight controls on its currency the “Yuan” along with its short term economy.
Obama remarked to Shanghai students describing China’s rising prosperity as, “an accomplishment unparalleled in human history.”
Obama on the Great Wall in China (Photo AP/Pablo Martinez Monsivais)
Appearing with President Hu Jintao, President Obama acknowledged China (US largest creditor) “as an economic partner that has proved critical in our efforts to pull ourselves out of the worst recession in generations.”
Meanwhile, Mr. Hu viewed the tariffs the US put on Chinese steel pipes and tires as a contradiction, a hostile gesture from somebody so far in debt and asking to trade. The high US unemployment presents a trade issue with China. The US pressure to strengthen the value of the Yuan would make their exports less competitive.
In a last ditch political move, Obama pledged Tuesday to push China’s ARJ21 passenger jetliner. That won’t score any points with Boeing and the unemployment rate.
This was a break for Obama, now he’ll back with Harry Reid and the rest of the administration focused on a health care bill that has already been proven to raise costs according to a top official at the agency that oversees Medicare. Rep John Boehner stated that this study “confirms that this bill violates Obama’s promise to bend the cost curve. It’s now beyond dispute that their bill will raise costs.”
Cash for Clunkers was a clunker, an example of big government inefficiency-we can’t trust them with our cars moreover our healthcare.
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