According to Zhang Guoqing of China’s state-controlled Xinjingbao [Beijing News], it seems that President Obama has finally woken up to the fact that America’s state of development is the most pressing issue for the nation. Unfortunately, the scholar from our largest creditor’s state-sanctioned media writes, Obama may be too late, and Americans and the U.S. media aren’t ‘buying it’.
For the Xinjingbao, Zhang Guoqing writes in part:
Obama has finally discovered what it means to be weary. Entering his third year in office, he has opportunistically turned his focus to next year’s general election, passionately evoking development in his State of the Union address, but unfortunately, people aren’t buying it.
No one likes being fooled. For Americans, whether or not they have work and money in their pockets, reality is more desirable than heart-warming words. As for the contents of Obama’s impassioned speech, it would make for a blockbuster of a movie, but there is no money to shoot it.
The statistics in the speech speak volumes – the president is powerless. … Even after the FED again turned on its cash printers, it has been unable to stimulate the U.S. economic wagon, and the people aboard remain at a loss.
Development is of paramount importance. U.S. President Obama has squandered two years, and even if he now grasps the truth, the price may be too great to pay. Included in this, his detour around his China policy was regrettable.
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