Growing government influence in private firms

Washington Post,May 29, 2009 page A14:

Property of the US Government: General Motors(GM) ownership stake about 70% US Investment about $50 billion.
Citigroup about 33% US Investment about $45 billion Photo of Citigroup: As a partial owner of Citigroup, the US has reshaped the firm's board. It is political economy in action. As I sent my blogs in the past,such is the mix of public and private sectors of the US economy. My rationale is not incorrect as my modest view or humble opinion.

Page A12: "Geithner to pursue practical goals, tone in trip to China: A far more pragmatic approach to America's economic relationship with China including President Obama's thought on China" Such view would mean cooperation and collaboration with China as I sent my prior blogs. To quote further:

"The United States, experts point out, has relatively less leverage with the Chinese than it once did, and it is uncertain whether a direct confrontation with a nation that is the single biggest bankroller of the US government would really serve US interests.

Any move by China to sell off large chucks of US debt could result in far higher borrowing costs for the US government, even puting upward pressure on US mortgage rates. Geithner, once studied Chinese in Beijing - will be using his face time with the top leadership to establish a longer term working relationship with Chinese officials." End of quotes.

As I sent my blogs in the past. It is high time for Americans to study Chinese language and Chinese culture for understanding and it is equally important for Chinese to study American English and American culture including the American economy. I have published "A Glimpse of the Chinese Language" and "Keys for Economic Understanding" for Americans and Chinese to be educated for better understanding for peace and economic development in the 21st century.

Francis Shieh aka Xie Shihao,an octogenarian teacher and a lifelong student on May 29, 2009 at 11.36 a.m.