Got Globals? Currency

Sec. of Treasury Tim Geithner, responding to his counterpart in China who suggested a possible need to go to a global currency, said he was open to the idea. China, after all, is looking out for their own interests (as it should be), but indicates they are apprehensive about looking out for ours in buying up more of the United States’ debt. On second thought. It would be helpful for the U.S. if China just said ‘no mas’ in financing our debt and the debt of our grandchildren. But I digress.

Because Geithner’s initial response was as ambiguous as the President’s initial response, Rep. Michele Bachmann (R-MN) has introduced legislation that would “bar the dollar from being replace by any foreign currency.”

I’m down with that.  This sounds like bi-partisan legislation, doesn’t it? Won’t it be interesting to see who would not support that bill?

As soon as a bill number becomes available, I’ll update that right here.

While I’m on the topics of the obvious, here’ s another one. How about a bill to require legislators to read bills before they sign them? That, and to make them available online for the public to examine at least 72 hours before voting. I’d rather hold Obama to his 5-day promise when he was campaigning. A promise he has yet to keep. It isn’t a bill yet, but one of those online petitions.

related link: Bachmann bill would ban global currency |

Question For President Obama

President Obama had an online Q&A today, taking questions from the Internet. They received 104,074 questions before the 8:30 a.m. deadline.  Since I got there 15 minutes late, they were deprived the benefit of deleting my question for the President. So I’ll just post it here. It will get back to him.

Having known before the last election that the economy was going to be the #1 problem, with the war dropping to a distant second (and why is that again?), how is it that the Treasury department is still understaffed? Why is there no Asst. Secretary and why do 17 of 18 positions remain unfilled 65 days since inauguration day?

Forming his administration was not delayed by a court fight like his predecessor. During his campaign, do you recall how his lack of executive experience was portrayed as bogus right-wing rhetoric? Now, his inexperience is showing and we’re paying the price.