Or else we won't do anything because it will damage our economy. In other words America is just like a person issuing the empty threat of "I've got my eye on you" and then closing one eye and then pointing to the other. This is what he said.
"President Obama — backed by the conclusions of a broad range of economists — believes that China is manipulating its currency," Geithner wrote in answer to questions submitted to him by members of the Senate Finance Committee.
"President Obama has pledged as president to use aggressively all the diplomatic avenues open to him to seek change in China's currency," Geithner said.
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