WSJ 11.27 Pressure Mounts on Abu Dhabi

Dubai could well be a precursor to other foreign countries expecting a massive harvest from great interest dividends generating excessive, enormous profits on U.S. debt resulting from holding large amounts of bonds and paper. Many of these countries have experienced in past decades American debt restructure and cancellation arrangements on their behalf. America has been a faithful and credible debt repayor. Yet, in the globally recessive days in which we live, nations holding U.S. debt are giving advice to our President, financial officials, congress and the American people themselves. Whether China, Saudi Arabia, Japan, or others, to avoid a U.S. program for decreasing payments or reductions, it might be prudent to consider Dubai''s recent decision, and its precipitation of the global markets slide. If exporting countries want to cultivate continued access to U.S markets, consumers, cooperation and flexibility should rule the day. If not flexible a future American administration will take action which will protect the U.S. consumer.