Obama to China - "Don't Leave Me" ▪ Obama Seeks to Reassure China U.S. Debt Safe, Deficits Are Under Control (Link)
The Obama administration sought to ease Chinese Premier Wen Jiabao's concern about the security of his country's investments in U.S. government debt, reiterating pledges to cut the budget deficit in half in four years. "There's no safer investment in the world than in the United States," White House Press Secretary Robert Gibbs said today. Wen earlier said that China, the U.S. government's largest creditor, is "worried" about its holdings of Treasuries and wants assurances that the investment is safe. "I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China's assets," he said at a press briefing in Beijing. ► Anomalee: I just wrote about this yesterday linking to articles about China's concern over it's held U.S. assets. Of course the White House was quick to respond through the press saying exactly what they want to hear. I'm sure the personal phone calls probably went something like this...
