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| China-Japan-Koreas |
| Obama to China: Behave like "grown up" economy |
| 2011-11-14 |
| President Barack Obama served notice on Sunday that the United States was fed up with China's trade and currency practices as he turned up the heat on America's biggest economic rival. "Enough's enough," Obama said bluntly at a closing news conference of the Asia-Pacific Economic Cooperation summit where he scored a significant breakthrough in his push to create a pan-Pacific free trade zone and promote green technologies. Using some of his toughest language yet against China, Obama, a day after face-to-face talks with President Hu Jintao, demanded that China stop "gaming" the international system and create a level playing field for U.S. and other foreign businesses. "We're going to continue to be firm that China operate by the same rules as everyone else," Obama told reporters after hosting the 21-nation APEC summit in his native Honolulu. "We don't want them taking advantage of the United States." China shot back that it refused to abide by international economic rules that it had no part in writing. "First we have to know whose rules we are talking about," Pang Sen, a deputy director-general at China's Foreign Ministry said. "If the rules are made collectively through agreement and China is a part of it, then China will abide by them. If rules are decided by one or even several countries, China does not have the obligation to abide by that." Even as Obama issued the veiled threat of further punitive action against China, it was unclear how much of his tough rhetoric was, at least in part, political posturing aimed at economically weary U.S. voters who will decide next November whether to give him a second term. Obama insisted that China allow its currency to rise faster in value, saying it was being kept artificially low and was hurting American companies and jobs. He said China, which often presents itself as a developing country, is now "grown up" and should act that way in global economic affairs. |
| Posted by:tipper |
| #21 Our Amerikan Pharaoh sez, “So let it be written, so let it be done”. Please get with the "Program" people... |
| Posted by: Angoper Smith4384 2011-11-14 22:26 |
| #20 As per CHINA DAILY FORM > DAGONG GLOBAL CREDIT ratings agency is warning the US could be downgraded again due to the inability of Washington-critters to get a handle on US debt. |
| Posted by: JosephMendiola 2011-11-14 22:25 |
| #19 phil b: The US/EU has botched everything else, so that would be a clever out. Caveat emptor, bitchez. I wouldn't really have a problem with that. Should I? |
| Posted by: RandomJD 2011-11-14 21:44 |
| #18 They'll grow up right after voters here grow a brain. |
| Posted by: gorb 2011-11-14 19:51 |
| #17 For a guy who knows so little he certainly mouths off a lot. |
| Posted by: JohnQC 2011-11-14 16:05 |
| #16 They are, we are not. Because when the ship of state has loose cannons its hard to play shuffleboard. Example, Keystone Pipeline, not like it came out of nowhere (neither did that Boeing plant), but by punting you create the very uncertainty business hate. |
| Posted by: swksvolFF 2011-11-14 14:47 |
| #15 We need to punish China. I have an idea: Let's force them to take filthy Canadian oil. |
| Posted by: Perfesser 2011-11-14 14:05 |
| #14 So is this all that "smart" diplomacy I heard so much about? Seems weak... |
| Posted by: DarthVader 2011-11-14 12:26 |
| #13 By emasculating our industry at home he's actually worked to give China sooooo much power... Much the same way the liberal emasculation of industry has empowered all the banksters and speculators they enjoy pretending to loathe at the Occupy My Private Parts demonstrations. They're all shocked, SHOCKED to find that gambling is going on in this establishment. |
| Posted by: Thing From Snowy Mountain 2011-11-14 11:00 |
| #12 The next target of the Blame Campaign™. |
| Posted by: DoDo 2011-11-14 10:44 |
| #11 Oh, Obama is actually correct on this. But it's way too little, way too late, from a leader who has undercut any negotiating strength we might have had on the subject. |
| Posted by: lotp 2011-11-14 10:42 |
| #10 excess mendiola exposure. Nothing a few coconut donuts wouldn't fix. |
| Posted by: SteveS 2011-11-14 10:40 |
| #9 Smart diplomacy on display. This guy is so embarrassing. |
| Posted by: Whiskey Mike 2011-11-14 10:34 |
| #8 gr(o)mgoru seems to be suffering from excess mendiola exposure. |
| Posted by: Bright Pebbles 2011-11-14 10:23 |
| #7 Behave like "grown up" economy = give up the profit motive? |
| Posted by: gr(o)mgoru 2011-11-14 10:09 |
| #6 *sigh* My apologies, Thrert Elmoluse8003. Fred will fix that when he pokes his head in. In the meantime, here is the perfectly innocent thing you posted: #1Â Â Am I getting the vibe that chinas being blamed for the state of the global economy? Posted by: Thrert Elmoluse8003Â Â 2011-11-14 02:23Â Â |
| Posted by: trailing wife 2011-11-14 09:34 |
| #5 calling China a predatory lender at 5% isn't going to be believed by anyone except the msm. |
| Posted by: Bright Pebbles 2011-11-14 08:04 |
| #4 Why do I get the feeling that Euro+Us co-ordinated debt default is in the works sticking China with the haircut. |
| Posted by: phil_b 2011-11-14 07:01 |
| #3 Shut up POTUS. You must understand the damage you create must be rectified, and maybe you are counting on not being there for the bill. You have a pis poor attitude and you do not know what you are doing. Why don't you surround yourself with people who know their ass from a hole in the ground. The less you say, the better. |
| Posted by: newc 2011-11-14 04:37 |
| #2 Obama to China: Behave like "grown up" economy China to Obama: You first, Barky... |
| Posted by: badanov 2011-11-14 02:40 |
| #1 Am I getting the vibe that chinas being blamed for the state of the global economy? |
| Posted by: Thrert Elmoluse8003 2011-11-14 02:23 |