More Lunacy From The Clowns That Run China Surrounding The CNOOC Bid For Unocal....

I reported on this issue last week, but the bozos in Beijing continue to stun me with their stupidity and continue to blather the same tunes...

China criticized the U.S. House of Representatives on Wednesday for demanding a review of an attempted takeover of California-based oil producer Unocal Corp. by China's CNOOC Ltd.

"We demand that the U.S. Congress correct its mistaken ways of politicizing economic and trade issues and stop interfering in the normal commercial exchanges between enterprises of two countries," the Foreign Ministry said in a faxed statement.

Demand? We demand? These guys just don't get it. They are clueless that the US is a sovereign nation and can do whatever it wants. Who are they to demand anything from Congress? I suppose the mad mandarins are just used to getting their way and when things get tough they have a hissy fit.

But instead of approaching this in an adult manner, they resort to their typical juvenile stance and publically pursue a course that may inadvertently piss typical Americans off. They are actually doing more harm than good by weighing in with their rantings. Their arrogance in blasting the US Congress for doing what the American people elected them to do will turn the common people against the bid and doom it before Congress gets the chance to actually look at the merits of the transaction.

"When a foreign-owned company, particularly a government-owned company, seeks to acquire a U.S. company, there are a series of administrative and legal processes that get triggered," said White House national security adviser Stephen Hadley in response to reported Chinese complaints.

I, for one, would love to see Congress turn this down just to irritate Beijing. And what idiots are advising the Chinese to do these things?

Chances are, though, that Chevron will sweeten their offer and since they will be able to close months earlier than CNOOC can, have a much better shot at acquiring Unocal. Now, imagine all the whining and gnashing of teeth when that happens. All those capitalist running dogs taking advantage of poor mad mandarins of Beijing.