Flip-Flop-Flop

After the Obama Olympic sized plunge face down on the pavement, you would think our man child dear reader would learn something, Apparently not.

So much for two years of work and a supposedly broad international consensus that was to make the Copenhagen COP15 conference little more than a formality.

Clearly, Friday-Saturday at the COP15 wrap-up was about squabbling over how much money we’ll borrow from the Chinese so that we can give it right back to Beijing and other Third World countries in exchange for their promise to  . . . well, that was never clear.

A video of Obama’s final speech at COP15:

The speech where TOTUS went missing. Clear as mud.

And twice Friday, Obama was kept waiting in public by China’s premier. Then the meetings were not with China’s premier, but low level officials, purposely snubbing our dear reader.

Obviously, the rest of the world has taken measure of Barack Hussein Obama — and decided he’s a pushover. Even Hugo Chavez smelled sulfur in the room after Obama spoke. This is scary stuff.

On the merits, not unfairly — I assume that all the America bashing was supposed to have let Obama have his way with the world, obtain his street cred, but as any five year old knows, it doesn’t work this way in the real world. All the bashing does is make you out to be the laughing stock. And now that the rest of the world knows, you are going to be played for the fool, Mr President. A part apparently you so dearly like.

And now today: CHINA: 'The world does not have Money to buy more US Treasuries'...

IT is getting harder for governments to buy United States Treasuries because the US’s shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

The comments by Zhu Min, deputy governor of the People’s Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

Watch the Obama COP15 speech again … That’s the way the world leaders see him. He has done it to himself. As for Obama, it was clear from Day One that he was on a very steep learning curve.

But who imagined it was this steep?

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