Reckless and Dangerous Talk Out The Administration

From Bloomberg:

Geithner Warning on Yuan May Renew U.S.-China Tension

Jan. 23 (Bloomberg) -- Timothy Geithner’s warning that
President Barack Obama believes China is “manipulating” its
currency may trigger renewed tensions between two of the world’s
three biggest economies.

This a dangerous path to go down. this gives incompetent congressmen license to activate protectionist measures and then we will see a global economic disaster. Here is the first example:

“What they can’t work out diplomatically we can work out
legislatively,” said Representative Charles Rangel of New York,
who chairs the House Ways and Means Committee, which has
jurisdiction over trade issues, in an interview. “The committee
has been saying for years” that China has manipulated the yuan’s
value, he said.