This is quite remarkable, from Atlas Shrugs.
The time for partisan bickering just ended. This is as serious as a heart attack. Obama is going to spend so much money, which he intends to get from China via the sale of government backed bonds, that the Chinese apparently don’t think he’ll be able to make good on them.
So President Obama gave the Chinese eminent domain rights to American land and businesses as collateral – i.e. we don’t pay, they now own America.
I think there may be a constitutional challenge to this – I would hope so anyway.