http://washingtontimes.com/weblogs/taras-two-cents/2009/Mar/12/the-ghost-of-geithner/#comments
The Ghost of Geithner
Tara's Two Cents (View Blog)
POSTED March 12 2009 1:22 PM BY Tara Wall
Will the real Timothy Geithner please stand up? Is what we've seen thus far the true Geithner, his disembodied spirit, or is he in fact a disembodied spirit? I'm going with the apparition. Which begs the question, is he the ghost of economies past, present or future? No one, not even him, seems to know. As spirits go, they're partly transparent -- sometimes seen without being heard or heard without being seen. Geithner is good at both.
President Barack Obama's opened his economic briefing Wednesday at "a[n] obvious critical time in the world's economy," he said and handed it over to Geithner, on the heels of his visit to the G20 Summit. Watching the brief, bumbling and wholly unimpressive remarks by the Treasury secretary, left me in wonderment --- just who was there? I'm thinking: "I can see you, lips are moving, but I can't really hear you." With all the government spending, talk of transparency, bank bailouts that have gone bust, more questions than answers during his not so informational announcement to unveil the administration's economic plan, surely the Treasury secretary would use the briefing as an opportunity to provide more clarity to the murkiness surrounding his ghostliness.
"Everything we do in the United States will be more effective if we have the world moving with us."
Pretty vague. Anything else?
"We have a lot of work to do, but I think we can make a lot of progress."
Wow. And just how will we do that? Can you offer some specifics? No, that was it! With just a few pat lines in under ten seconds, Geithner was done. Ghosts (like magicians) are great at illusional mind tricks -- saying something without saying anything at all. The money man with his own money problems took no questions from reporters and left President Obama offering "just one last point" in an attempt to elaborate on what Geithner could have offered:
"We have already started laying the groundwork. you're starting to see a lot of coordination at various levels, both in terms of financial regulators and those who are shaping potential stimulus packages in their own countries."
So that's the answer, not only are we now in the trillions worth of stimulus and pork spending, but we're encouraging other countries (some of whom we're indebted to), to do the same thing. Now that's a plan! I'm no economist, but that sounds a little reckless and condescending. With the madman Madoff sent off to a jail cell, approximately $1.2 trillion dollars in spending signed into law by President Obama just inside of 50 days, banks using bailout money for more bonuses and oversees investing, Americans are sick and tired of being sick and tired. The last thing they need is more double-talk from the man at the top....
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