Timothy Geithner, the brand new Treasury secretary, was panned last week for how he unveiled the Obama administration’s plan to rescue the financial system from the bankers who broke it.
Mr. Geithner was not especially articulate, his critics said, and he provided only an outline of an outline, not the detailed blueprint people anticipated and wanted.
To a degree, one of Mr. Geithner’s biggest problems was not of his own making. His boss, President Obama, had fanned expectations for his debut as Mr. Fix-It, leaving the impression that it would be boffo. It wasn’t.
Why is anyone surprised that Mr. Geithner’s Financial Stability Plan lacked details? We are still in sugar-coating mode ”” yes, we have a problem, government officials contend. But they can handle it. Don’t you sweat the details, dear taxpayers.
“But it will also require transparent, rigorous analysis; candor with the public and investors; and a recognition that lots of debt heaped upon a pile of dubious assets has created a financial nightmare”
If this is the prescription why did Obama pick Geithner as the doctor?
To say, “Geithner Added to the Doubt” is rather akin to state upon observing the rotting flesh of our brother, “It’s just a mild case of Ebola.” This administration has sold our birthright for a bowl of (pretty lousy) soup. And we are letting it happen. We do truly deserve the government we have. God help us.