China and the US Economy

News that a Chinese company may buy Hummer from GM along with Secretary of Treasury Geithner's comments that "China feels secure with the US economy," seems startling.  Several years ago a the Chinese government voiced it's interest in purchasing Standard Oil, the company started by John Rockefeller, but the idea was quashed by the government.  Now that we, the taxpayer, owns Hummer, along with the rest of GM, we may sell it to China.  

So let's see how this works.  The largest polluting country in the world purchases a large, gas guzzling car manufacturer.  Analysts say the company would be moved to China to sell Hummers to Chinese and Russians.  Adding, of course, more carbon into the air as well as consuming more oil.  Makes sense?

Then, of course, there is the comment by our own Secretary of the Treasury.  He went to China to assure them, our largest creditor, that we are solvent.  Think about that.  He did what thousands of home owners are having to do, call their mortgage company to tell them the check is in the mail!  

May we live in interesting times.