WHEREAS, President Obama’s socialist policies are advanced through unprecedented and colossal deficit spending involving trillions of dollars with this deficit spending being financed in significant part by Chinese purchase of U.S. treasury bonds; and

WHEREAS, China is the largest creditor of the United States, holding more than $750 billion dollars in U.S. government debt, yet the Obama Administration continues to try to persuade China to buy more U.S. treasury bonds and fails to address China’s concern about the devalued dollar due to Obama’s deficit spending; and

WHEREAS, on September 29, 2009, Obama shifted authority for approving sales of missile and space technology to China from the White House to the Commerce Department, a shift that loosens export controls and benefits Chinese missile development and increases the possibility for “mishandled” missile technology transfers to China; and

WHEREAS, in the Clinton Administration such a transfer of technology improved China’s long-range nuclear missile accuracy and reliability and also enabled the Chinese military to demonstrate an anti-satellite missile capability, which has become a major threat to U.S. military’s heavy reliance on satellites for command, control, and communication; and

WHEREAS, the “Annual Report to Congress: Military Power of the People’s Republic of China, 2009” states that China continues to develop and field disruptive military technologies, including those nuclear, space, and cyber warfare, that are changing regional military balances and that have implications beyond the Asia-Pacific region; and

WHEREAS, China has already begun to initiate hostile activities such as waging cyber warfare by attacking the Pentagon and White House computer networks; and

WHEREAS, the American people have good reason to be concerned about the demonstrated hostile actions and intentions of China directed toward the United States,Taiwan, and the rest of the world; and

WHEREAS, the American people have good reason to be concerned about the foreign policy implications of huge deficits that create a dependence on hostile foreign nations for financing; and

WHEREAS, the American people have good reason to be gravely concerned that President Obama is willing to trade missile technology to China in order to finance the huge deficits needed to fund his socialist policies; now therefore be it