I voted for the candidate that I felt would be best for America in the long term ... since there wasn't any candidate among the two serious alternatives who was good for America in the short term. If that offends you, you obviously haven't studied Machiavelli or the 'real world'. Hopefully you were equally offended by Obama's chief of staff Rahm Emanuel's recent comments about 'not letting a Crisis go to waste' !What is bugging me here is that you voted for a person you believe will bring about as you called it 'gloom and doom' and thus cause million and millions of people to suffer. I find that really, really offensive
At any rate, today Obama took another 'official' step in addressing the economic crisis. He nominated the comparatively inexperienced but Democratically well connected ex-Clintonista Tim Geithner as the new secretary of the treasury.
(snip)"It was then that Robert Rubin, the onetime Clinton Treasury secretary, put forth a former colleague named Tim Geithner [ as nominee for NY Fed president - sic ]. Geithner had obvious assets. He'd spent the 1990s in a series of high-ranking Treasury jobs, where he worked alongside Rubin and his successor, Larry Summers, to stave off one financial crisis after another. Geithner also enjoyed a warm rapport with Fed Chairman Alan Greenspan, who could effectively veto the appointment.
Still, there were question marks. Officially, the New York Fed is one of the country's top bank regulators; unofficially, it's the Federal Reserve system's "eyes and ears" on Wall Street. Geithner had neither a banking nor a Wall Street background. There was also the matter of his youthfulness. New York Fed presidents have traditionally been a grizzled, dyspeptic sort. At 43, Geithner was svelte and baby-faced, with teen-idol locks and a boyish voice to match. Who would take this man-child seriously? "(snip)
PS it appears that Wall St and Detroit both love Geithner ... because they are confident that he will back the use of taxpayer 'bailout' money to maintain 'business as usual'.
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