Obama pledged to straighten out, um, his banker

A banker who already has provided $650Billion in loans to the US via Treasury Debt.

One that Obama’s Treasury may need to lead the way and take down a large part of a trillion dollars of new Treasury issues in 2009.

Obama will indeed be tested by the circumstances handed to him by Bush. But then, he might not have been elected without them.

Pledges about safety, human rights and so on were made, along with many others during the election, some to appeal to his far left progressive Democrats and Greenies, some for his middle of the road Democrats and some cleverly couched so as to appeal to others with various conservative or Republican concerns. He was a man for all seasons.

His real season is about to begin.

Bloomberg explains the Treasury need for continued Chinese investment at a time when the prospects for that investment are seriously compromised due to current low interest rates and a dollar that will surely come under pressure in the near future.

To say nothing about the potential for a snapback in inflation, before which, the Team of Rivals must find a way to rein in the party before the lightshades are all in place or everyone has had their way with the punch bowl.