Many voters, pundits and pollsters think Iraq will be the decisive issue in the 2008 election, but increasingly Democratic presidential contender Sen. Hillary Clinton is focusing on another country: China.
Clinton is making America’s dependence on Chinese investors a central theme of her 2008 message. She took to the CNBC airwaves Thursday to declare that America was undergoing “a slow erosion of our own economic sovereignty.”
Tuesday’s nine percent slide in the Shanghai and Shenzhen stock index, which helped set off a plunge in U.S. equity markets Wednesday, gave Clinton a fresh opportunity to argue that America’s economic well-being has become too dependent on what happens in China.[Full Text]