ARE YOU KIDDING ME?Ok, I get infrastructure, I get some spending to get the economy rolling but I DON'T GET eminent domain rights to China.
Obama is borrowing the money from the Chinese to support his big spending. He is borrowing this money via the sale of government backed bonds, .... the Chinese are a bit hesitant because he is SPENDING so much money they don't feel Obama will be able to make good on them. So what does Obama do..... does he grant eminent domain right to CHINA... meaning he is backing the bonds with collateral - America's Homeland as Collateral?
Is it true? China sources say Hillary brought an agreement with her during her visit.
This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take -- inside the USA -- land, buildings, factories, perhaps even entire cities - to satisfy the financial obligations of the US government.
Ok I thought I'd heard it all but this goes beyond anything anyone could dream of. I just hope that if Obama backed those loans with eminent domain, he did it with heavily populated LIBERAL land!
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=90491
http://www.examiner.com/x-2304-DC-Republican-Examiner~y2009m2d27-Impeachment-Time--Obama-Grants-Eminent-Domain-Rights-to-China-to-Secure-Debt
5 comments:
Big Dummy- How do you think Bush financed his war of choice? That's right- the Chinese...
Dummy.... duh like I didn't know that... you jerk... at least he didn't give American land as collateral. I'm praying if obama can't make good on the loan, then at least the land we give to China will be largely populated by LIBERALS!
Borrow and spend Republicans are criticizing Obama's job creation bill as nothing but pork. Good grief. What planet does Limbaugh live on?
Reagan nearly doubled the national deficit in eight years. Ditto Dubya the president who inherited a surplus and our nation's first MBA president. If he only had a brain.
Trickle down economics, Reaganomics, Voo-doo economics has proven itself to be an abysmal failure.
Thank God for Obama. I say fund leave no child behind thereby forcing republicans to attend school so that the can learn ECONOMICS.
GOBP-
GRAND OLE BLAME PARTY... READ AND WEEP:
This intense, impatient, often self-righteous, frequently wrongheaded and at times willfully destructive criticism has come in waves, and not just from the right. Mr. Obama is as legitimate a target for criticism as any president. But there is a weird hysterical quality to some of the recent attacks that suggests an underlying fear or barely suppressed rage. It’s a quality that seems not just unhelpful but unhealthy.
Mr. Obama is being hammered — depending on the point of view of the critics — for the continuing collapse of the stock market, for not moving fast enough to revive the suicidal financial industry, for trying to stem the flood tide of home foreclosures, for trying to bring health insurance coverage to some of the millions of Americans who don’t have any, for running up huge budget deficits as he tries to fend off the worst economic emergency since World War II and for not taking time out from all of the above to deal with — get this — earmarks.
Earmarks.
More than 4.4 million jobs have been lost since this monster recession officially got under way in December 2007, and we’ve got people wigging out over earmarks. Folks, get a grip. Some earmarks are good, some are not, but collectively they account for a tiny, tiny portion of the national budget — less than 1 percent.
Freaking out over earmarks is like watching a neighborhood that is being consumed by flames and complaining that there is crabgrass on some of the lawns.
In the midst of the craziness, conservatives are busy trying to blame this epic economic catastrophe — a conflagration of their own making — on the new president. Forget Ronald Reagan and George Herbert Walker Bush and George Herbert Hoover Bush and the Heritage Foundation and the Club for Growth and Phil Gramm and Newt Gingrich and all the rest. The right-wingers would have you believe this is Obama’s downturn.
The bear market would no doubt have magically turned around by now, and those failing geniuses at the helm of our flat-lined megacorporations would no doubt be busy manufacturing new profits and putting people back to work — if only Mr. Obama had solved the banking crisis, had lowered taxes on the rich, had refused to consider running up those giant deficits (a difficult thing to do at the same time that you are saving banks and lowering taxes), and had abandoned any inclination that he might have had to reform health care and make it a little easier for ordinary American kids to get a better education.
As the columnist Charles Krauthammer was kind enough to inform us: “The markets’ recent precipitous decline is a reaction not just to the absence of any plausible bank rescue plan, but also to the suspicion that Obama sees the continuing financial crisis as usefully creating the psychological conditions — the sense of crisis bordering on fear-itself panic — for enacting his ‘big-bang’ agenda to federalize and/or socialize health care, education and energy, the commanding heights of post-industrial society.”
That’s a more genteel version of the sentiment expressed a couple of weeks ago by the perpetually hysterical Alan Keyes, a Republican who was beaten by Mr. Obama in the Illinois Senate race in 2004. “Obama is a radical communist,” said Mr. Keyes, “and I think it is becoming clear. That is what I told people in Illinois, and now everybody realizes it’s true.”
I don’t know whether President Obama’s ultimate rescue plan for the financial industry will work. He is a thoughtful man running a thoughtful administration and the plan, a staggeringly complex and difficult work in progress, hasn’t been revealed yet.
What I know is that the renegade clowns who ruined this economy, the Republican right in alliance with big business and a fair number of feckless Democrats — all working in opposition to the interests of working families — have no credible basis for waging war against serious efforts to get us out of their mess.
Maybe the markets are down because demand has dried up, because many of the nation’s biggest firms have imploded and because Americans are losing their jobs and their homes by the millions. Maybe a dose of reality is in order, as opposed to the childish desire for yet another stock market bubble.
Maybe the nuns in grammar school were right when they counseled that patience is a virtue. The man has been president for six weeks.
3/6/09
Op-Ed Columnist, Bob Herbert
Miracles Take Time
Bush holds the record for big-time borrowing from China. At least the money Obama is borrowing is being put toward saving this nation- and by extension, the world.
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