Geithner: ‘Buy! No, sell!’
Here’s Andrew Roth:
I’m glad Greg Mankiw caught this. Treasury Secretary Tim Geitner told Congress last month that China should stop manipulating their currency (by buying dollars). Last week, Secretary of State Hillary Clinton told the Chinese to keep buying U.S. dollars.
So which is it??
This blunder, along with the “Buy American” fiasco, the empty cabinet seats at Commerce and the USTR, and the failure to pass the pending free trade agreements with Korea, Panama, and Colombia, prove that Obama is slow to grasp the importance of global commerce, especially as it relates to our current economic crisis.
Remember folks, Geithner was the financial “genius” who was supposedly so indispensable we needed to just overlook his failure to pay income tax. Indispensable? More like indefensible. All he’s done so far is make as many gaffes as Joe “Web Site Number” Biden.
By the way, is it Geithner or Geitner, because apparently Google News has both…
