This is not about defaulting on outstanding bonds, as Representative Michele Bachmann (R-MN) and others on the right insist, and as Geithner has clumsily threatened.
Outstanding member of Congress, Representative Carolyn Cheeks Kilpatrick. (Applause.) UAW President Bob King is in the house. (Applause.) And Chrysler CEO Sergio Marchionne. (Applause.) Sergio is modest.