I am not saying denying the very large role China plays in our economy. I am just saying if Obama did what you suggested, others would be calling him weak.
Right now, China's biggest concern is keeping our economy stable and ending the worldwide recession - it is not in their best interest to force our economy to collapse, because of the impact on what manufacturing that is still going on, as well as the value of other investments. China cannot afford a trade war with the US for the very reason that they are so entwined with our economy. If and when US consumer demand resurfaces, China wants to be front and center, ready to supply it.
BTW - you can thank Reagan and Bush for this predicament.
EDIT: Goth, I would say China influences US economic policy, but it does not dictate it per se.
Updated On: 9/12/09 at 12:35 PM