Tuesday, November 17, 2009

This Just In: Obama, Hu Vow Cooperation, But Produce Little at Climate Change Summit

From Yahoo news.

"Stung by new U.S. levies on imports of Chinese-made tires and steel pipes, Hu said he told Obama that given a still struggling global economy both countries "need to oppose and reject protectionism in all its manifestations in an even stronger stand."

Obama later called on China to relax controls that keep the Chinese currency relatively weak and thus help fuel exports — something Beijing officials have rejected in recent days. Obama also pointedly raised human rights, saying they are fundamental to all.

"We do not believe these principles are unique to America, but rather they are universal rights and that they should be available to all peoples, to all ethnic and religious minorities," Obama said in his only nationally televised remarks on the sensitive issue."


Ahhhhh...the Socialist in him comes out. You'd think he'd know how a Communist country worked--to retain utmost power and control, you must restrict rights and freedoms. This is what he himself wants in our country, so why does he deny it for others?

Doesn't he realize the yuan is pegged to the dollar, and one drags down the other? If he wants a strong yuan, he should aim for a strong dollar. China plays chess just as well as Iran.

No comments: