Great Republican ad for 2012. I’m sure you’ll agree!
Tag Archives: oil
We are now beholding to China for most of our debt. Soon, we will be in debt to them for our energy because we can’t drill or explore our own resources, on our own land.
How does it feel, America, to no longer be a power broker in the world? To stand behind China?
We can thank Obama for making us a third rate nation in a mere 10 months.
Prime Minister Wen Jiabao [China] pledged to grant African countries $10 billion in low-interest development loans over the next three years, to establish a $1 billion loan program for small and medium-size businesses, and to forgive the remaining debt on certain interest-free loans that China previously granted less-developed African nations.
One result is that China has become a major builder of Africa’s infrastructure, including railroads, highways and canals.
The loans and other overtures have turned China into one of Africa’s largest trading partners. Trade has soared to $106.8 billion last year from about $10 billion in 2000; Chinese direct investment in Africa leaped 81 percent in the first six months of this year, to $552 million, according to the Commerce Ministry.
He has made it clear that we are no longer a super power, we are no longer an exceptional nation and the world is listening and taking stock in his words.
He’ll fall back on the whine “I inherited this mess” and we will all keep wondering when this will become HIS administration and HIS economy. When will he man-up and take responsibility?
We know he’s going to blame this on Bush… Replacing the dollar, internationally.