Yes, I wrote that he was a pretty good choice.
Frankly, he is still a pretty good choice, although I have my questions about his income tax issues.
How in the world happened to Sec. Geithner?
The reviews have been awful:
For Geithner’s Debut, a Lukewarm Reception - Jackie Calmes, NY Times
Geithner Can’t Find Gun, Let Alone Silver Bullet - David Reilly, Bloomberg
Why Markets Dissed the Geithner Plan - Andy Kessler, Wall Street Journal
What happened?
The answer is obvious.
The Obama administration doesn't have a clue about a solution.
What's wrong with that?
Nothing, except that we were led to believe that the Obama administration had been working on a plan since mid-November.
Also, we were told that Mr. Geithner was indispensable.
Furthermore, Pres. Obama raised expectations on Monday night's press conference.
Again, no one has a clue.
P.S. Perhaps, the "yes we can" screamers will be a little bit more sympathetic about what Pres Bush and Sec Paulson went through at the end of 2008.
We have a huge crisis and it requires a lot of time and patience.
