Speak to the Wrist - Obama is Pissed
How to lose friends and infuriate people, Part XVIII:
A visibly angry Barack Obama threw down the gauntlet at China and other developing nations Friday, declaring that the time has come "not to talk but to act" on climate change.
Emerging from a multinational meeting boycotted by Chinese Chinese Premier Wen Jiabao, Obama warned delegates that U.S. offers of funding for poor nations would remain on the table “if and only if” developing nations, including China, agreed to international monitoring of their greenhouse gas emissions.
And China's thinking, "Obama's going to come to us for the money he's promised to give to Uganda or wherever in the first place." (And isn't it so typically liberal to pretend at virtue by giving away other people's money?) So, yeah, threatening to cut off the borrowing isn't likely to spur China into action.
Maybe if Obama tried holding his breath...