"Boater" wrote in message
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Calif Bill wrote:
"Boater" wrote in message
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Fed's Geithner to be tapped for Treasury: reports
Fri Nov 21, 2008 3:36pm EST

WASHINGTON (Reuters) - Timothy Geithner, the president of the New York
Federal Reserve Bank, is expected to be tapped by President-elect Barack
Obama to be the next secretary of the U.S. Treasury, NBC News and the
Wall Street Journal reported on Friday.


What a crappy choice!!! Lots of the meltdown is due to the Fed's action.
And now you put a Fed honcho in charge. Sad.


I think what we are witnessing is "on the job training" in real time.
At least Obama finally realized that he needs to start making some
nominations for cabinet posts that are critical to the issues foremost on
the minds of the population overall, instead of being hung up with
negotiations about Hillary. I am encouraged that he is finally starting to
wake up.

Obama is an intelligent guy in an acedemic way and will probably be the
smartest POTUS we've had in many years. But here's his problem:

His past experience as a community organizer, advocate for people's rights
and short term as a US Senator is good, but very limited in terms of
general, overall leadership and governance. The projects and programs he
has had experience with are basically associated with specific, social
special interest type issues. Nothing wrong with that, and he has
demonstrated an intellectual approach to them.

That experience however did not prepare him for dealing with the interests
of a much bigger, broader and diverse audience. It's obvious that he tries
to address the new challenges in his familiar manner.
The larger audience is expecting action and response to an increasingly
serious crisis.

It's amazing what the stock market did within minutes of him leaking the
news of nominating members of his economic team, including Geithner.

Action, not hope, is what the majority of his new, expanded audiance is
demanding. I, for one, was gratified to see him take some action. I think
he may be getting the idea.

Eisboch