Obama is going ot win the presidency in 2012! (770)

Does anyone but Obama think they do have any control over them?

Did you used to write speeches in Mainland China?

Think he writes them for Obama.

About the same drivel no mater what teleprompter it's coming from.

sec. clinton is a bigger lyer than obama...if that's possible ?...

You'de like that - wouldn't you Ttom ......to have Obama "control " the middle eastern events ?

How about just simply because he might not want to "control" every other country - purely because of his principles as a human being ...........

why are you so worried about it................

Why are you? You have no dog in this fight. I care because it places un sustainable burdens on the taxpayers. Even Gitner admitted it. And that is the Obama plan.

Special report: China flexed its muscles using U.S. Treasuries



NEW YORK (Reuters) – Confidential diplomatic cables from the U.S. embassies in Beijing and Hong Kong lay bare China's growing influence as America's largest creditor.

As the U.S. Federal Reserve grappled with the aftershocks of financial crisis, the Chinese, like many others, suffered huge losses from their investments in American financial firms -- from Lehman Brothers to the Primary Reserve Fund, the money market fund that broke the buck.

The cables, obtained by WikiLeaks, show that escalating Chinese pressure prompted a procession of soothing visits from the U.S.Treasury Department. In one striking instance, a top Chinese money manager directly asked U.S. Treasury Secretary Timothy Geithner for a favor.

In June, 2009, the head of China's powerful sovereign wealth fund met with Geithner and requested that he lean on regulators at the U.S. Federal Reserve to speed up the approval of its $1.2 billion investment in Morgan Stanley, according to the cables, which were provided to Reuters by a third party.

Although the cables do not mention if Geithner took any action, China's deal to buy Morgan Stanley shares was announced the very next day.

The two Treasury officials to whom the cables were addressed, Deputy Assistant Secretary for Asia Robert Dohner and Deputy Assistant Secretary for International Monetary and Financial Policy Mark Sobel, declined through a spokesperson to comment for this story. The State Department also declined to comment.

China is America's biggest foreign lender, playing a crucial role in the U.S.Treasury auctions that allow Washington to borrow what it needs to keep its government running. At the same time, the United States is China's top export destination: America's trade deficit with the nation reached a record $273.1 billion in 2010. Most economists describe the two economies as co-dependent.

The concern in certain influential Washington and Wall Street circles is that Beijing would leverage its position as the main enabler of U.S. overspending. And the cables provide a glimpse into how much politics inform relations between the world's two largest economies.

Wis. lawmakers flee state to block anti-union bill



MADISON, Wis. – Faced with a near-certain Republican victory that would end a half-century of collective bargaining for public workers, Wisconsin Democrats retaliated with the only weapon they had left: They fled.

Fourteen Democratic lawmakers disappeared from the Capitol on Thursday, just as the Senate was about to begin debating the measure aimed at easing the state's budget crunch.

By refusing to show up for a vote, the group brought the debate to a swift halt and hoped to pressure Republicans to the negotiating table.

"The plan is to try and slow this down because it's an extreme piece of legislation that's tearing this state apart," Sen. Jon Erpenbach said.

The move drew cheers from tens of thousands of protesters — teachers, prison guards and others targeted by the proposal — who filled the Statehouse during the past three days.

Republican Gov. Scott Walker, who took office just last month, has made the bill a top priority. He urged the group to return and called the boycott a "stunt."

"It's more about theatrics than anything else," Walker said, predicting that the group would come back in a day or two, after realizing "they're elected to do a job."

Walker said Democrats could still offer amendments to change the bill, but he vowed not to concede on his plan to end most collective bargaining rights.

With 19 seats, Republicans hold a majority in the 33-member Senate, but they are one vote short of the number necessary to conduct business. So the GOP needs at least one Democrat to be present before any voting can take place. Once the measure is brought to the floor, it needs 17 votes to pass.

Other lawmakers who fled sent messages over Twitter and issued written statements but did not disclose their location until hours later.

Erpenbach said the group had been in Rockford, Ill., but they dispersed by late afternoon.

In response to a question of where she was, Sen. Lena Taylor sent a tweet saying she was "doing the people's business. Power to the PEOPLE."

Sen. Tim Cullen of Janesville said he was back in Wisconsin by Thursday night, but he did not expect Democrats to return to take up the bill until Saturday.

As Republicans tried to begin Senate business around midday, observers in the gallery screamed "Freedom! Democracy! Unions!" Opponents cheered when a legislative leader announced there were not enough senators present to proceed.

The sergeant-at-arms immediately began looking for the missing lawmakers. If authorized, he can seek help from police.

Senate rules and the state constitution say absent members can be compelled to appear, but it does not say how.

"Today they checked out, and I'm not sure where they're at," Republican Senate Majority Leader Scott Fitzgerald said. "This is the ultimate shutdown, what we're seeing today."

The Senate planned to try again to convene Friday. The Assembly took no action Thursday but could take up the bill on Friday whether the Senate does or not, said John Jagler, spokesman for Assembly Speaker Jeff Fitzgerald.

Gov’t Has Borrowed an Additional $29,660 Per Household Since Obama Signed Stimulus



(CNSNews.com) - The federal government has borrowed an additional $29,660 per household in the United States since President Barack Obama signed his economic stimulus law two years ago.

That brings the total national debt to $125,475.18 per household.

At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood at $10.79 trillion ($10,789,783,760,341.41), according the Bureau of the Public Debt. At the close of business on Feb. 16, 2011, the national debt stood at $14.13 trillion ($14,129,889,690,377.50)—an increase of $3.34 trillion (3,340,105,930,036.09)

The U.S. Census Bureau estimates that there are a total of 112,611,029 households in the United States, which average about 2.6 people per household. That means that the new debt accumulated in the two years since Feb. 17, 2009, when President Obama signed his economic stimulus law, equals about $29,660.55 per household.

The current total national debt of $14.13 trillion can be divided into equal portions of $125,475.18 for each of the 112,611,029 households in the country.