- The Washington Times - Monday, April 23, 2012


So Rep. Edward J. Markey, Massachusetts Democrat, does not want to sell any natural gas to China (“Keep America’s natural gas at home,” Letters, Friday). That’s rich. Has he taken a look at the trade imbalance? Or better yet, what does he expect the Chinese to do with all of those dollars they collect from selling us a majority of what you see in Wal-Mart?

The Chinese have been reducing their U.S. Treasury purchases of late, which until recently has been the method of recycling American dollars. The Fed has come to the rescue though, to purchase all that federal debt that keeps the stock market pumped up, and allows Mr. Markey’s debt party continue.

You can get sucked in by Mr. Markey’s ploy, but it is so ridiculous you really have to believe he is just working to get the votes of the least informed. Unfortunately, when you don’t make something that your creditor is willing to buy, the creditor just ends up owning you.

If Mr. Markey cared about U.S. security, military or economic, he would not be responsible, along with his party, for running up the national debt another $5 trillion in the past three years. Ultimately, in Mr. Markey’s debt-ridden America, the Chinese will not have to purchase the natural gas, they will own the U.S. companies producing it.



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