The Chinese start to wonder whether they'll ever make back their investment in the bankrupt US. Unless Obama can show he really will reform entitlements and cut defense spending, they have every reason to worry. Remember this though: this is the Bush-Cheney debt we're talking about. Obama has been in office less than two months. It was the Republican president who bankrupted this country. It's the Democratic president who is required to fix it in a steep economic re-set. (Yes, I promise not to use the d-word until it actually is one.)

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