Reassuring China

According to today's WSJ, Timothy Geithner "is expected to try to reassure China--the largest holder of U.S. Treasurys--about its U.S. debt investments as well as the strength of the dollar." Now, the Obama team can't be blamed for China owning us--that goes back a bit. But the Chinese aren't stupid. They thought they were investing in capitalism! What a surprise! One more company, GM, taken over today and given to the unions, and the President announces it is only going to get worse. Old Timmy's going to have to really peddle fast to get out of this mess. Plus, doesn't this sound a tad tentative?

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