Identifying The Real Problem At Treasury?
Fred Thompson appeared on Hannity Thursday night with an interesting take on the Treasury Department crisis. Sen. Thompson agrees that Mr. Geithner hasn’t done a good job. What caught my attention was Sen. Thompson saying that firing Mr. Geithner only means President Obama appointing another radical to replace the ‘irreplaceable’ Mr. Geithner.
That’s when it dawned on me. The problem isn’t just with Timothy Geithner. It’s that the people that President Obama seems to prefer are radicals who believe in his radical agenda. Simply put, Wall Street won’t put much trust in President Obama’s economic team until he dramatically changes his agenda.
If President Obama’s agenda stays as radical as it is now, replacing Tim Geithner with someone else won’t change things a bit. I suspect that the dirty little secret Wall Street isn’t talking about publicly is the fact that they’ve seen President Obama’s policies and they don’t see anything on his agenda that they think will put America on the path to prosperity.
I suspect that they’ve seen his plans to increase taxes on small businesses as hurting the economy. I suspect they’ve examined President Obama’s Cap and Trade plan as a way of turning profitable energy companies into profitless companies. In fact, I’ll bet that they see Cap and Trade as Kyoto with another title.
Let’s remember that President Obama owes his presidency to the radical fringe of the Democratic Party. While he’s certainly abandoned centrist-minded voters, he hasn’t opened even a tiny gap between himself and the Nutroots.
I also suspect that alot of qualified people won’t apply for Geithner’s job because President Obama’s agenda doesn’t fit their agenda. Think of these potential candidates as ‘Judd Gregg’ candidates: people who’d love to serve in a presidential administration, just not this administration.
There’s something that we should take President Obama at his word. When he says that the buck stops here, he means it. How can we argue with that considering the fact that we haven’t seen so many bucks stop so quickly for such a potentially long period of time from the outset of a new presidential administration in a few generations.
Technorati Tags: Economy, Tim Geithner, Treasury, Wall Street, Investors, President Obama, Radicalism, Cap And Trade, Tax Increases, Small Business
Cross-posted at LetFreedomRingBlog
March 20th, 2009 at 4:35 am
Power is an intoxicating thing, Gary. It’s no surprise that there were a few (pretty meaningless) holdovers from the last administration. It’ll be no more surprising when the present administration maneuvers to keep power beyond its constitutionally appointed time.
And last, but not least, welcome to the world as seen by Wall Street. Why would anyone short of another numbers-crunching Weatherman-wannabee take a job at Treasury, especially under such as Geithner (or for that matter, Geithner’s boss)?
Oh, BTW, if these clowns didn’t know about contractual bonuses before GW pushed through his “Welcome-to-the-Big-Time, Barrack” bailout bill, then they have no idea what month of the year it is, where the bathroom is, or how to tie their shoes. They’re dumb, all right, dumb like the vipers they are.
March 20th, 2009 at 6:48 am
Another not oft discussed point is that BHO’s Admin is not able to staff up Treasury. 17 of 18 key deputy positions in one of hte most critical areas that BHO should be focusing on are unfilled with no nominations. The MSM and US citizens should be asking why this is? It fits in nicely with the above point in that no one wants to compromise their beliefs to work on converting the free enterprise system into EuroSocialism…
March 20th, 2009 at 9:57 am
Greetings:
Today’s Question: What’s Black & White and Red all over?
March 20th, 2009 at 9:57 am
“Simply put, Wall Street won’t put much trust in President Obama’s economic team until he dramatically changes his agenda.”
Really! Ya Think!
March 20th, 2009 at 1:23 pm
Im no Obama fan by a long shot, but if I were him right now,Id be kicking some serious ass.
Geithner, get your s*** in one sock, organize your @#$%& Department and shut up until either you do, or I tell you what to say, when to say it, to whom, and how.
Reiod and Pelosi, Cant I leave you two idiots alone for 5 minurtes with out either of you screwing up legislation without a bunch of crap pork, or some unconstiututional rider or left wing kook ideas!
From now on I want to see both of you geniuses front and center first thing every morning before you even think of pounding a gavel or calling anything to order in that insane asylum of yours up the street.
And as for the rest of you smart alec snuffies and gophers, you WILL report to me before you say, write, do, or read out loud anything any where around the press. I will tell you where to go, what to say, when you can blow your nose, go to lunch, and when you can go to the friggin toilet.
DO I MAKE MYSELF CLEAR!
Chris Dodd, I appreciate your honesty, now continue to do the right thing, and tell the people of Connecticutt you screwed up big time, and resign.
Dismissed!
But then, Im not him, and if I were, we wouldnt be 3 trillion dollars in debt and rising right now, and AIG, and a lot of banks would be reorganizing themselves under the bancrupcy courts.
March 20th, 2009 at 8:34 pm
And, stepping outside myself and looking at all these “crises”, I’d say His Hollowness’ program is right on schedule. It should, in fact, take him fewer months to create a crisis of such proportion that he will be forced to declare a national emergency, suspend the Constitution, and force the rest of his socialist takeover down our throats. After all, he IS the president (he reminds us of that often enough) and Commander-in-Chief, and the armed forces had darned well better do what he tells them when he’s forcefully taking over the rest of the government and arresting all dissenters.