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By Ed Flanagan, NBC News

BEIJING – For all the grief the Obama administration is getting from China for filing a complaint with the World Trade Organization about Chinese tariffs on American chicken exports, perhaps the president should be suing China for royalties instead.

We’ve seen Obama peddle chicken for Kentucky Fried Chicken in Hong Kong, so it was just a matter of time before he broke loose and got his own franchise here in the mainland.

Obama Fried Chicken, or at least what we assume OFC stands for, was found earlier this week in Beijing and comes with the slogan written underneath in Chinese: “We’re so cool, aren’t we?”

Indeed…


Thanks to the team at Shanghaiist for the photo.

http://behindthewall.msnbc.msn.com/_news/2011/09/30/8055460-obama-fried-chicken-in-china-its-on-the-menu

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WARNING: FOUL LANGUAGE CONTENT

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.

“In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.

Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies — eroding the wealth of creditors including China, Guan said.

http://ca.news.yahoo.com/china-ratings-house-says-us-defaulting-report-054309883.html

The Treasury Department auctioned $56 billion in new debt Tuesday and Wednesday, enough to take the U.S. over its federal debtceiling when the three- and 10-year notes settle on Monday.

Treasury officials last month flagged May 16 as the day the government would hit the $14.294 trillion debt limit.

The U.S. is selling $72 billion in new debt over three days this week. The Treasury auctioned $32 billion in three-year notes Tuesday and $24 billion in 10-year notes Wednesday, and will sell $16 billion in 30-year bonds Thursday. All of the auctions will settle Monday.

for full article: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201105111542dowjonesdjonline000477&title=treasury-auctions-to-take-us-over-debt-ceiling-on-monday

From Reason.com:

Americans, hit first by outsourcing and then a recession, are becoming deeply pessimistic about their country’s ability to maintain its economic leadership in a globalized world. America’s Aristophanes, Jon Stewart, commented during a recent interview with Anand Giridhardas, author of India Calling: “The American dream is still alive—it’s just alive in India.” Likewise, 20 percent Americans in a December National Journal poll believed that the U.S. economy was no longer the strongest. Nearly half picked China instead.

But there are at least five reasons why neither India nor China will knock America off its economic perch any time soon, at least not by the only measure that matters: Offering the best life to the most people.

America Wastes No Talent

America Does Not Have India’s Infrastructure Deficit or China’s Civil Society Deficit

America Does Not Have Grinding Poverty

American Education Is Superior

America Doesn’t Have a Culture of Hype

For full article: http://reason.com/archives/2011/03/01/long-live-the-american-dream

Thanks to STOTHES for the article link.

The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone’s troubles but America’s fiscal health is worse than Europe’s, an adviser to the Chinese central bank said on Wednesday.

Li Daokui, an academic member of the central bank’s monetary policy committee, said that U.S. bond prices and the dollar would fall when the European economic situation stabilized.

for full article: http://www.nytimes.com/reuters/2010/12/08/business/business-us-china-economy-growth.html?_r=2

SCARED YET????

Mr. President, is a strong America a problem?
 Today at 7:09am
Asked this week about his faltering efforts to advance the Middle East peace process, President Obama did something remarkable. In front of some 47 foreign leaders and hundreds of reporters from all over the world, President Obama said that “whether we like it or not, we remain a dominant military superpower.”

Whether we like it or not? Most Americans do like it. America’s military may be one of the greatest forces for good the world has ever seen, liberating countless millions from tyranny, slavery, and oppression over the last 234 years. As a dominant superpower, the United States has won wars hot and cold; our military has advanced the cause of freedom in Iraq and Afghanistan and kept authoritarian powers like Russia and China in check.

For Sarah Palin’s full post: Sarah Palin’s done it again — with gusto.

     This is not the way that we should be treating a guest:

http://www.redstate.com/streiff/2010/02/19/the-obama-administration-supports-tibet/