Obama's selects Timothy Geithner for Treasury Secretary

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Michelle Malkin
Tim Geithner is a joke in China, too
Tim Geithner is a joke in China, too By Michelle Malkin %95 June 1, 2009 03:07 PM

Tax cheat Treasury Secretary Tim Geithner is a laughingstock in Congress. A permanent punchline on late-night TV. And he's a joke in China, too:

U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.

A major goal of Geithner's maiden visit to China as Treasury chief is to allay concerns that Washington's bulging budget deficit and ultra-loose monetary policy will fan inflation, undermining both the dollar and U.S. bonds.

China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China's total U.S. dollar-denominated investments could be twice as high.

"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

His answer drew loud laughter from his student audience, reflecting skepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.

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Most Christians would agree that throughout history, secular governments have done a fair to horrible job of reflecting biblical values. This question, of how much effort followers of Jesus Christ should expend in trying to bring Christian values into politics, is certainly not new. However, in the United States this search is unique, since this nation came into being as a result of many faithful Christians seeking to establish freedom of worship through government.