Monday, March 09, 2009

Bus Headed For Timmy?

clipped from bosqueboys.com
The Obama administration has not shown any urgency or even much inclination to concentrate resources on solving the banking crisis; in fact, they have disingenuously conflated the very serious banking problems with the much more familiar economic recession.



The Obama administration has already forced Geithner to the forefront with a half-baked plan, and done essentially nothing to make his life any easier.



As things continue to spiral downward, the Obama administration seems more and more prone to roil the waters with attacks on easy targets: fat cats, Rush Limbaugh, CNBC screaming heads, and the previous administration. In the coming days, at a moment of crisis, will Obama play the Geithner card? Fire the Treasury secretary and frame the move as the final break with the tired and bankrupt solutions of the past. No more Bush appointees. No more Robert Rubin acolytes. We need fresh approaches from the Paul Krugman-Robert Reich wing of the Democratic Party.