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NYT Falls For China Banker Fallacy

Covering President Barack Obama’s trip to China a Helene Cooper, Michael Wines, and David Sanger by-lined piece in the November 14th New York Times begins:

When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker.

That stark fact — China is the largest foreign lender to the United States — has changed the core of the relationship between the United States and the only country with a reasonable chance of challenging its status as the world’s sole superpower.

China is our … Continue Reading