Obama Doesn’t Want to Upset the Chinese

“It’s very hard to tell your banker that he’s wrong,” Obama said, after talking about the need to restore America’s stance in the world, “And if we are running huge deficits and big national debts and we’re borrowing money constantly from China, that gives us less leverage. It give us less leverage to talk about human rights, it also is giving us less leverage to talk about the uneven trading relationship that we have with China…” The junior Senator from Illinois has a particularly tricky balancing act when it comes to the subject of the Olympics: Chicago is vying to host the 2016 games and one of Obama’s top campaign advisors and close friends, Valerie Jarrett, is the vice chair of Chicago’s bid committee.