Obama can do anything, apparently, except properly staff the Treasury Department. Aren't those guys supposed to be "fixing" the economy or something?Three words: It Won't Work.
Then again, it also should be noted that if Treasury Secretary Timothy Geithner, whose gibberish-infused explanation of the administration's bank bailout non-plan knocked the Dow Jones down 4 percent in one day, is indicative of "staff," maybe Obama is doing us all a favor.
The Dow Jones industrial average, actually, has reacted to Obama by plunging nearly 20 percent since he became president. That's an obliteration of wealth that no stimulus bill will recoup. Since Election Day, the market has lost nearly 30 percent of its value -- trillions of dollars, not from CEO bonuses, as you may have hoped, but from your 401(k) and the private sector.
Voices of the 2024 Worcester Catholic Men’s Conference Author Pia Imperial
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I spoke to Catholic Children’s author Pia Imperial at the 2024 Catholic
Men’s Conference at the DCU center in Worcester. You can buy her books here.
2 hours ago
They're in the hole and just keep on digging.
ReplyDeleteIt is not now possible to attract qualified personnel to appointed posts in Treasury. Geithner is too politicall and too certain to be a disaster for any intelligent person to want to work for.
ReplyDeleteThis would be career suicide.