Timmeh Geithner getting a grip on Obama’s balls
Spring has sprung a leak.
From Paul Krugman’s New York Times Blog
March 21, 2009, 7:12 am
The Geithner plan has now been leaked in detail. It’s exactly the plan that was widely analyzed — and found wanting — a couple of weeks ago. The zombie ideas have won…
This plan will produce big gains for banks that didn’t actually need any help; it will, however, do little to reassure the public about banks that are seriously undercapitalized. And I fear that when the plan fails, as it almost surely will, the administration will have shot its bolt: it won’t be able to come back to Congress for a plan that might actually work.
What an awful mess..
We are so fucked.
Obama likes to brag that he can walk and chew gum at the same time; that he spends at least an hour a day on the economy. Now, I understand that systemic problems demand systemic solutions. But unless he dumps Wall Street insiders and enablers Timmeh Geithner and Larry Summers, they will bring him down and all his worthy projects to a screeching halt.
Yo O! Could you spend an extra few minutes a day tallking to Krugman and some other economists who live and work outside the DC/Wall Street bubble?
Please? Pretty please???