Posts Tagged ‘communist’

Obama Threatens to Rescind Endorsement of China

Chinese Premier Li Keqiang

New Chinese Premier Li shows off the “hand” of government that he says must pull back from the economy so the hand of the markets can prevail. President Obama rebuked Li for “sounding more like Adam Smith than John Maynard Keynes.”

President Obama today threatened to revoke previous praise of the Communist Chinese government in the wake of Sunday remarks by new Chinese Premier Li Keqiang about a “’hand’ mistakenly attached to the state that needed to be returned to the market.”

In order to reach its goal of 7.5 percent sustained annual economic growth, Mr. Li said, China will need to cut government power in what he called “a self-imposed revolution” that will be “very painful and even feel like cutting one’s wrist.”

The White House immediately distanced the president from the Chinese leader’s remarks, noting that “Premier Li has failed to learn from the mistakes of the past that led to America’s humiliating prosperity, which President Obama has work hard to overcome.”

In Obama’s 2011 State of the Union speech, and at other times, he praised the Chinese government for aggressively investing in high-speed rail, solar power and computing technology. He has also spoken longingly of the Asian giant’s system of government, noting that it would be easier to be the president of China.

“If the new Chinese premier continues to reverse course, and head in the opposite direction that I’m leading the United States,” Obama reportedly said, “that could prove counter-productive to Sino-American relations, and frankly, will reduce the esteem with which I have viewed that great nation.”

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Obama: Sasha & Malia Deserve Massive Debt Burden

President Obama shares parenting tips with ABC's George Stephanopolous. "We're loving but firm," Obama said. "Sasha and Malia know that disobeying your parents has consequences. When they push us too far, Michelle or I will just tell them, "That's it. No more American Dream for you."

President Obama shares parenting tips with ABC’s George Stephanopolous. “We’re loving but firm,” Obama said. “Sasha and Malia know that disobeying your parents has consequences. When they push us too far, Michelle or I will just tell them, “That’s it. No more American Dream for you.”

President Obama on Tuesday told ABC’s George Stephanopolous that Americans should not feel sorry that their children will be stuck with more than $16 trillion in debt, noting that: “I have two teenage girls. I know how it is. They can get a little mouthy and disrespectful sometimes.”

“Sasha and Malia are getting to that age where they think they know everything,” Mr. Obama said. “So Michelle and I have made a decision as parents to, you know, if they’re so smart — let them figure out how to pay down the national debt.”

The Obamas have experimented with a variety of discipline methods from ‘time out’, to grounding, to taking away electronic devices for a few hours, but the president said, “Nothing we’ve tried has the lasting effects of a lifetime of crushing tax rates, crumbling infrastructure and bankrupt entitlement programs. We call it ‘tough love’.”

The president said he’s tired of Republicans talking like the next generation is “a bunch of little angels who never disobey, and who need to be protected from the consequences of their misbehavior.”

“If the kids can’t obey their parents,” Obama said, “maybe they can do without the America dream for a generation or two. That’ll teach them.”

The president added that when Sasha and Malia complain about this form of discipline, he and the First Lady, say, ‘If you think we’re harsh, wait until you’re living under Chinese communist rules’.”

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