'Governator' asks China to bail out California

[Confederate Kahanist]

http://www.wnd.com/?pageId=205449

Is China a friend or an enemy?

With the continuing economic downturn in the United States, it's hard to tell whether China is a major part of the problem or a central part of the solution, Jerome Corsi's Red Alert reports.

While the Obama administration is preparing to pressure China to stop unfair trade practices, including keeping the yuan artificially low on foreign-exchange markets to boost Chinese exports, California Gov. Arnold Schwarzenegger is courting China to finance high-speed rail in the state as a way to create jobs and possibly keep the state from having to declare bankruptcy.

With the state of California still some $19 billion in the red, Gov. Schwarzenegger was in China pitching the idea that China could finance high-speed rail in the state.

Corsi wrote that the idea is reminiscent of the Texas Department of Transportation's idea to have Cintra, the Spanish-based infrastructure company, finance the now-abandoned new I-35 NAFTA Superhighway that was planned in 2005-2006 to be a four-football-fields wide NAFTA superhighway designed to parallel the existing I-35 north/south from the Texas border with Mexico to the Texas border with Oklahoma.

For more information on the Democrats' trade war against China and the proposed light rail, read Jerome Corsi's Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, "The Obama Nation."

Red Alert's author, who received a doctorate from Harvard in political science in 1972, is the author of the No. 1 New York Times best-sellers "The Obama Nation" and (with co-author John E. O'Neill) "Unfit for Command." He is also the author of several other books, including "America for Sale," "The Late Great U.S.A." and "Why Israel Can't Wait." In addition to serving as a senior staff reporter for WorldNetDaily, Corsi is a senior managing director in the financial-services group at Gilford Securities.