Shrub Apologizes to Chinese Tyrant for Bill of Rights

According to the BBC:

A woman has appeared in court in Washington after heckling visiting Chinese President Hu Jintao at the White House.

Wang Wenyi, 47, was charged with harassing, intimidating and threatening a foreign official.

Ms Wang, who had a press pass for the event, had shouted at Mr Hu not to oppress the outlawed Chinese spiritual movement, the Falun Gong.

An embarrassed President George W Bush apologised to Mr Hu for the outburst.

If convicted, Ms Wang could face six months in jail and a fine of $5,000 (£2,800).

Apart from their shared disdain for the right to free speech, another possible explanation for why the smirking chimp was so quick to park his lips on Hu's rump was alluded to at Asia Times Online two years ago:

American companies may have forgotten what Henry Ford propounded when he first built his Model T: If you do not pay high enough wages to your workers, they can't afford to buy your product. One simple basis for that Bush boom is that China is recycling its US$100 billion-plus trade surplus with the US back into dollars, and especially into US Treasury bonds. Almost half of the US Treasury bonds are now owned in Asia. So China is financing Bush's bold economic experiment: running two or more wars simultaneously with a huge budget and trade deficit, and equally huge tax handouts for the richest Americans.

One has to question the long-term economic rationale for China of putting its long-term assets into very low-interest bonds in a currency that has already dropped recently by a third – and is going to drop even more. It certainly makes strategic sense: if push came to shove over, for example, the Taiwan Strait, all Beijing has to do is to mention the possibility of a sell order going down the wires. It would devastate the US economy more than any nuclear strike the Chinese could manage at the moment.

It does not help that the US, which has the experience, certainly shows no signs of using it to assess longer term dangers, and even if China had that foresight of perils ahead, Beijing lacks the experience to act effectively.

Dangerously, the global economy is faced by an addictive combination of China – a developing country with many problems of social instability – and the US – which the recent IMF report hints is a rapidly undeveloping country – whose fiscal irresponsibility is compounded by a political immaturity that tends to ignore geopolitical and economic reality.

And why shouldn't the United States ignore geopolitical and economic reality? If there's one thing the current administration has proven it's that reality doesn't matter.

It doesn't matter that the administration stole its first term in office.

It doesn't matter that the administration cheated its way into a second term.

It doesn't matter that the administration lied repeatedly to the American people to get the go-ahead for the Iraq War.

It doesn't matter that the Republican majority is actively destroying the checks-and-balances that constitute the foundation of our government.

It doesn't matter that the strongest supporters of the current administration and the Republican party have the most to lose from their policies.

One Response to Shrub Apologizes to Chinese Tyrant for Bill of Rights

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