Innocent or Idiot Abroad? Geithner In China & Europe

Am I alone, shaking in fear as I hear our naive Treasury Secretary, Tim Geithner, babbling about economics while abroad in China earlier this week?

After much hoopla surrounding his visit, I heard part of an interview with him on CNBC. Asked about China's insatiable appetite for raw materials, and its potential affects on the US, Geithner chirped about how great it was that China is an important, large global economic power. How wonderful that they, too, have a growing demand for basic commodity metals and energy.

Huh?

What's our chief tax cheat been smoking lately?

Of course, it's true that Geithner's claims to fame have mostly been as a governmental-entity-employed financial systems plumber.

Faced with a real crisis at the New York Fed two years ago, Geithner blinked in negotiations with the French and, in contravention of normal bankruptcy law, promptly paid off AIG's derivatives creditors in full.

An economic sage Geithner is not. What he's doing spreading economic falsehoods is anybody's guess. But last time I checked, US consumers would benefit by less demand for commodities, not more, as that would allow prices to drift lower, not higher.

Yesterday morning, Geithner was already in Europe, making inane comments about the Eurozone's situation.

I can't wait for this idiot to get home and hide out somewhere where he won't embarrass himself or the American people.