Obama V。S Economy

For weeks the world has eagerly awaited word from the Obama transition team about the people who will head up the next American administration—the new secretaries of state and Treasury, the attorney general. But one of the more crucial positions in the Obama administration probably isn't going to be filled for months and will likely get little attention when it is—the post of U.S. ambassador to China.
I agree this opinion because everyone knows that China is a major power, not only the money for economy but also care about politics. The American need Beijing like never before. China is the key to America getting through the worsening economic crisis.In order to run up American's deficits—which could total somewhere between $1 trillion and $1.5 trillion, or between 7 and 11 percent of GDP—someone has to buy American debt. And the only country that has the cash to do so is China. And China has two ways to keep its economy growing. One way is to finance the American consumer. But another way is to finance its own citizens, who are increasingly able to consume in large enough quantities to stimulate economic growth in China. They have options, but American don't. So there isn't really any other country that could finance the American deficit."