Geithner’s Rescue Plan

data-geithner

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

Despair over financial policy

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???

3 Comments

  1. Pingback: The Summers Of Our Discontent

  2. Propagandee Propagandee

    Timmeh’s prior prior job at the IMF (you know, the one that he had to pay all those back taxes on that Obama had to grant him an ethical exemption for) apparently “helped push put many countries into worse recessions than our 1930’s depression. Korea’s suicide rate doubled and the government fell in Indonesia”, according to poster slaney black over at Kos today .

    Timmeh reminds me of “The Cleaner” played by Harvey Keitel in Natural Born Killers, the guy the Shock Doctrine capitalists send in after they successfully get the locals addicted to borrowed money.

    Life imitates art once again.

  3. every day my frustration and disappointment grows. geithner is starting to make paulson look good – well maybe not – but this plan is doomed. doomed. too many friggin assumptions and not enough for the people. and i am not an economist

    i really am gonna start only watching Dora the Explorer

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