„Well, I don't know if China is any different, but our relationship with China is certainly different. We're in hock to the Chinese up to our eyeballs because of the war in Iraq, for one thing. They're holding hundreds of billions of dollars worth of our paper. We also are running hundred of billions of dollars worth of trade deficits with them, as we continue to import their junk with the lead paint on them and the poisoned pet food and export, you know, jobs to places where you can pay workers a dollar a month to turn out the stuff that we're buying from Wal-Mart. So I think our relationship with China has certainly changed. I think they're basically the same bunch of goons and thugs they've been for the last 50 years.“
On the April 9, 2008 broadcast of CNN's "Situation Room", when asked to comment on the United States' relationship with China, Cafferty responded in reference to the Chinese Government and the Americans Government's political and business relationship.