That is a very sadly humorous comment. Bush, by putting us so deeply in debt to Asia has given the Chinese and Japanese a major say in our internal finances. The failure to work on energy independence has created a situation where the oil exporting nations can shut down our transportation system. And everything done in the last administration only made us more dependent on them.
You supported the very people that has created a situation that has put this nation more at the mercy of other governments than it has ever been. Now you think you are capable of giving us advice on the results of that situation?
Your ignorance is ASTOUNDING. Once again you DUMB ASS, all that does is let those countries push us a little harder for favorite trade status. If China or any other Country actually tried to force anything on the Country the debt would be nationalized and defaulted on.
Sure, RGS, we are completely proof against the tactic we used on Britain in the Suez Crisis. And you are completely bullet proof, also.
Suez Crisis - Wikipedia, the free encyclopedia
The operation aimed at taking the Suez Canal, was highly successful from a military point of view, but was a political disaster due to external forces. Along with Suez crisis, the United States was also dealing with the near-simultaneous Hungarian revolution, and faced the public relations embarrassment of criticizing the Soviet Union's suppression of the revolutionaries there while at the same time avoiding criticism of its two principal European allies' actions. Perhaps more significantly, the United States also feared a wider war after the Soviet Union and the other Warsaw Pact nations threatened to intervene on the Egyptian side and make rocket attacks[33] on London, Tel Aviv, and Paris.
Thus, the Eisenhower administration forced a cease-fire on Britain, Israel, and France. The U.S. demanded that the invasion stop and sponsored resolutions in the UN Security Council calling for a cease-fire. Britain and France, as permanent members of the Council, vetoed these draft resolutions. The U.S. then appealed to the United Nations General Assembly and proposed a resolution calling for a cease-fire and a withdrawal of forces.[34] The General Assembly consequently held an 'emergency special session' under the terms of Uniting for Peace resolution, and adopted Assembly resolution 1001,[35] which established the first United Nations Emergency Force (UNEF), and called for "an immediate cease-fire". Portugal and Iceland went so far as to suggest ejecting Britain and France from the North Atlantic Treaty Organization (NATO) defense pact if they didn't withdraw from Egypt.[36] Britain and France withdrew from Egypt within a week.
The United States also put financial pressure on Great Britain to end the invasion. Eisenhower in fact ordered his Secretary of the Treasury, George M. Humphrey to prepare to sell part of the US Government's Sterling Bond holdings. The Government held these bonds in part to aid post war BritainÂ’s economy (during the Cold War), and as partial payment of BritainÂ’s enormous Second World War debt to the US Government, American corporations, and individuals. It was also part of the overall effort of Marshall Plan aid, in the rebuilding of the Western European economies.
BritainÂ’s then Chancellor of the Exchequer, Harold Macmillan, advised his Prime Minister Anthony Eden that the United States was fully prepared to carry out this threat. He also warned his Prime Minister that BritainÂ’s foreign exchange reserves simply could not sustain a devaluation of Pound that would come after the United StatesÂ’ actions; and that within weeks of such a move, the country would be unable to import the food and energy supplies needed simply to sustain the population on the islands.
Furthermore, in concert with US actions Saudi Arabia started an oil embargo against Britain and France. The U.S. refused to fill the gap until Britain and France agreed to a rapid withdrawal. The other NATO members refused to sell oil they received from Arab nations to Britain or France.[37] There was also a measure of discouragement for Britain in the rebuke by the Commonwealth Prime Minister St. Laurent of Canada[citation needed].
The British government and the pound thus both came under pressure. Sir Anthony Eden, the British Prime Minister at the time, was forced to resign and announced a cease fire on 6 November, warning neither France nor Israel beforehand. Troops were still in Port Said when the order came from London. Without further guarantee, the Anglo-French Task Force had to finish withdrawing by 22 December 1956, to be replaced by Danish and Colombian units of UNEF.[38] The Israelis left the Sinai in March, 1957.