November 21, 2008

Obama Picks China Hand for Treasury


President-Elect Obama selects Timothy Geithner as Treasury Secretary


Well, it may be a stretch to call Tim Geithner, current President of the Federal Reserve Bank of New York, a "China Hand" but he did study Chinese in university (Dartmouth) and study abroad at Peking University. So Geithner lived in Beijing and has experienced China first hand.
Of course, one can argue that Beijing is hardly "China" and Geithner was there back in the 80s before Deng Xiaoping solidified control and the bourgeoisie won China back.
Nevertheless, first hand China knowledge is very important as the USA and China continue their odd economic convergence. Equally important is Geithner's personal background.
His father, Peter Geithner, is advisor to the Asia Center at Harvard, a member of the uber-influential National Committee on US-China Relations, on the board at Peking University, and formerly of the Rockefeller and Ford Foundations. Tim Geithner, like Obama and Hank Paulson, is a member of the Council on Foreign Relations.

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