Remember all those bows Obama gave to every foreign leader he met? At just about the 1-minute mark in this video, Obama was like a bobble-head doll in Shanghai:
Well, Obama’s masters told him not to show any love for the Dalai Lama, and Obama sent him packing out the back door:
I think we can safely say the left has ceded their moral superiority on human rights. Afraid of offending their Chinese baker friends, they block the press from their meeting and then send their holy guest out the side door where the trash is sent.
Yes. That is the White House. That is the White House garbage. And that is Obama sending the Dalai Lama out the back door to keep China from getting angry and showing Obama who is really boss.
Hope that door didn’t hit your ass while Obama was throwing you out.
This picture was almost as pathetic as the image of Tiger Woods rushing his porn star girlfriend out the back door as his wife was coming home.
Obama screwed the Dalai Lama, but he isn’t the porn star in this sorry situation, Barry Hussein’s treatment of him notwithstanding.
The U.S. sold Taiwan some weapons, and China showed its disapproval:
BEIJING (Reuters) – Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
And then, BOOM!!! China’s gut-punch was more than Obama’s “just words”:
The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.
The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.
Interest is more and more of a problem because Obama has spent us more and more into oblivion:
Consider that from Jan. 20, 2001, to Jan. 20, 2009, the debt held by the public grew $3 trillion under Mr. Bush—to $6.3 trillion from $3.3 trillion at a time when the national economy grew as well.
By comparison, from the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt held by the public will grow by $3.3 trillion. In 20 months, Mr. Obama will add as much debt as Mr. Bush ran up in eight years.
Thanks to Obama’s trillions in spending, the only thing that keeps the United States from all of a sudden becoming like Greece is low interest rates. If it cost us more to borrow, Obama’s insane spending will very quickly “come home to roost” as it becomes increasingly difficult just to service our debt (i.e. pay the interest rate).
Here’s what Real Clear Politics has to say about Greece’s situation (which we’re not far away from):
The markets, however, are rating Greek bonds as risky bonds. To borrow, Athens must pay more than twice the interest rate Germany pays. Faced with strikes by public employees and students, Athens appears to lack the political will to make the cuts necessary to bring the budget back toward balance.
As Portugal, Ireland and Spain gaze on, Greece approaches a moment of truth. Should she default, their bonds, too, will plunge in value out of fear of a copycat default, and the interest rate they pay would also rise. They, too, might then take the Argentine road.
The EU’s crisis would then be like a crisis in the United States should California default on its state bonds and interest rates on other municipal bonds surged to double digits.
Is there a way out?
As goes California, so goes the nation.
We’re a lot closer to total disaster than most people realize.
Which is why China owns us now.
You keep bowing and appeasing, Barry Hussein. It’s not going to do the country any good, but at least it underscores America’s incredibly diminished status under your disaster of a presidency.