Papantonio: Obama, China, and the Balance of Power

President Obama is in China this week, discussing (among other things) the global economy. These talks are important, as China currently holds the largest amount of US debt and is the US's top importer. Mike Papantonio appears on Fox Business's Happy Hour to talk about why this trip is important, and why its important to maintain a good relationship with China.

Category:

News & Politics

Tags:

• Barack Obama
• China
• Diplomacy
• Economy
• Recession
• Trade
• Mike Papantonio
• Fox News
• Ring of Fire
• GoLeftTV
• Air America
• GoLeft.tv

[EziekielNightwind]

That said, make them want American goods?

Other then software, what would anyone want from America? Certainly not electronics, nor vehicles. I guess maybe toothpaste from Colgate. Certainly not TV shows, except for the few rare exceptions, and certainly not movies, except for the rare exceptions. Even then, that's not enough to base an economy.

[Newssnoop]

Mike does a good job at making the hosts feel relevant, even though it is obvious they have not a clue. Case in point, Rebecca @ 4:08

[hardtoresist100]

I disagree with Mike. As far as I can tell there should be an equality in balance of power. If one country is progressing economically, instead of being a factor of superiority complex we should think what steps should we take in order to achieve better economical result rather than blaming other nation.

[sparkitem]

Look at the body language of compares. there biased with bloody jealous hearts.

They are jealous with china & other asian nations. Its not Humanity.

they say themselves Super power, but they don't want to see any other power.

Selfish ppl

[brightchin]

could any one answer my question?

here is it,

in the purpose of discounting the debt, can we just sell the military technology to china? seems like this is the only things that we have.

we don't have to sell them the most advanced technology, but less progressive technology are good chose. even they have it, doesn't mean they learn it.

i know the chinese don't have it and they really really want it.

why don't we just sell it to them?

do any of you believe the china is a peaceful nation? or not?

[jjrglobal]

@EziekielNightwind

Fix the Fed???

Thats like saying fix the mafia.

The Fed creates the boom and bust cycle by manipulating the interest rate. Interest rates should be a reflection of savings and deposits, the more savings and deposits a bank holds the lower the rate and vice versa. Int rates send signals to businesses that determine long term investment, when these signals are distorted, many businesses make bad decisions based on int. rates.Recessions are not coincidental theyre created

[shyamranger]

He is Right.

[wangsishuo]

LOL MR BARACK

[shijieheping123]

i can't believe he said "mr jintao"

[northmeister]

Trade is wasteful and detrimental to the environment - it still takes slow moving energy guzzling ships to transport those goods to us - further 'free trade' is rooted in a 19th century philosophy our Fathers rejected (we were protectionists like China and Japan are today, except we relied on our own internal market rather than exports) - it does not evenly develop the world, it is rooted in us vs. them mentality. International make it here to sell it here, would develop the world.