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-Lurid Crime Tales-
Obama Grants Eminent Domain Rights to China to Secure Debt
2009-02-28
The time for partisan bickering just ended. This is as serious as a heart attack. Obama is going to spend so much money, which he intends to get from China via the sale of government backed bonds, that the Chinese apparently don't think he'll be able to make good on them.

So President Obama gave the Chinese eminent domain rights to American land and businesses as collateral - i.e. we don't pay, they now own America.
Posted by:Gromort Croluling3112

#7  Heck, I'm in favor of the western States demanding their land back from the federals. It's not their land, they had and have no authority to take it.
Posted by: Anonymoose   2009-02-28 18:00  

#6  Don't worry. The Chinese aint gonna buy the bonds in the first place.
Posted by: phil_b   2009-02-28 17:32  

#5  Who spun this, late night AM radio hosts?

This one goes in the "Nice try" pile until there is credible reviewable evidence.
Posted by: OldSpook   2009-02-28 16:46  

#4  Possession is nine tenths of the law. The possessors are armed. China could try to take possession, as could Obama, but it's not going to happen. Besides, T-bills and Treasury bonds are backed by the full faith of the U.S. government, not by real property, just as our currency is not backed by gold.

Not to mention that the article is speculation rather than reportage. There are too many real things to worry about these days -- I'll give this one a miss.
Posted by: trailing wife   2009-02-28 14:51  

#3  Unknown source. I'd give it an 'F6' and hope Barry doesn't read and get any ideas.
Posted by: Besoeker   2009-02-28 14:20  

#2  I call bullshit.
Posted by: Mike N.   2009-02-28 13:53  

#1  48 hours rule?
Posted by: g(r)omgoru   2009-02-28 12:48  

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