Barack Obama, in a completely cynical move, has blocked an attempt by a Chinese-owned company called the Ralls Corporation to buy four wind farm companies in the United States. Why would he do this? Because Mitt Romney has been running ads attacking Obama for being soft on China and Obama wants to look as though he is concerned about protecting American jobs.
Obama and his Treasury Department are using the transparent excuse that the Chinese acquisition was blocked because the wind farms are too close to a naval training facility. But as Tim Xia, counsel for Ralls, noted,
"The President's order is without justification, as scores of other wind turbines already operate in the area where Ralls's project is located. The selective and arbitrary singling out of Ralls' project drives our effort to seek redress in U.S. courts."
So it is all too possible that this action by Obama has nothing at all to do with national security and all too much to do with playing politics.
And here’s the important point; Obama is pretending that he is strong-arming China, but a look at statistics clearly shows what’s really going on: Since Obama took office, Chinese investment in America has skyrocketed: according to the U.S. Bureau of Economic Analysis, China’s FDI stock in the U.S. grew from $1.2 billion in 2008 to $5.9 billion in 2010, an increase of almost 400% in just two years.
Obama wants the American public to think he’s keeping China at bay. He’s lying. Obama is encouraging the Chinese to buy up everything they lay their eyes on.