Calif Bill wrote:
"Boater" wrote in message
...

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.




Sorry, Bilious, but your hero, Zell Miller, is still institutionalized
in the Georgia State Hospital for the Incurable Lunatics.

"Boater" wrote in message
...
Calif Bill wrote:
"Boater" wrote in message
...

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

On Sat, 22 Nov 2008 02:44:06 -0500, "Eisboch"
wrote:

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

Well, there were other factors involved in the bounce - it's options
expiration, hedge funds are about finished with quarterly redemptions
and other factors like the market being oversold.

However, it was a smart move - he's a good choice, he is involved in
the whole process and that certainly helped the bounce go higher.

Which, I guess, is kind of the point.

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.

There are other concerns fo rme - like AG and in Congress, guys like
Waxman.

It's going to be an interesting couple of years that's for sure.

On Sat, 22 Nov 2008 02:44:06 -0500, Eisboch wrote:


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.

Yeah, but I'd rather he get his choices right, than be rushed. There are
still 2 months before any of these nominees get the job.

wrote in message
t...
On Sat, 22 Nov 2008 02:44:06 -0500, Eisboch wrote:


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.

Yeah, but I'd rather he get his choices right, than be rushed. There are
still 2 months before any of these nominees get the job.

I don't disagree, but this transition period is not typical. The situation
requires an indication of intent now, not later, as demonstrated by the
reaction on Wall Street when the news of his nominations to be made on
Monday were leaked.

Eisboch

On Sat, 22 Nov 2008 07:11:35 -0500, Eisboch wrote:


I don't disagree, but this transition period is not typical. The
situation requires an indication of intent now, not later, as
demonstrated by the reaction on Wall Street when the news of his
nominations to be made on Monday were leaked.

Personally, I find it interesting that all these leaks are now coming
from a very disciplined and tight lipped campaign. I'm guessing he's
floating names for a response. The timing on Geithner's "leak" was
brilliant.

wrote:
On Sat, 22 Nov 2008 07:11:35 -0500, Eisboch wrote:


I don't disagree, but this transition period is not typical. The
situation requires an indication of intent now, not later, as
demonstrated by the reaction on Wall Street when the news of his
nominations to be made on Monday were leaked.

Personally, I find it interesting that all these leaks are now coming
from a very disciplined and tight lipped campaign. I'm guessing he's
floating names for a response. The timing on Geithner's "leak" was
brilliant.

The Obama is being handled by the Clintons.

"BAR" wrote in message
...
wrote:
On Sat, 22 Nov 2008 07:11:35 -0500, Eisboch wrote:


I don't disagree, but this transition period is not typical. The
situation requires an indication of intent now, not later, as
demonstrated by the reaction on Wall Street when the news of his
nominations to be made on Monday were leaked.

Personally, I find it interesting that all these leaks are now coming
from a very disciplined and tight lipped campaign. I'm guessing he's
floating names for a response. The timing on Geithner's "leak" was
brilliant.

The Obama is being handled by the Clintons.


Sometimes it appears that way, doesn't it?

Eisboch

BAR wrote:
wrote:
On Sat, 22 Nov 2008 07:11:35 -0500, Eisboch wrote:


I don't disagree, but this transition period is not typical. The
situation requires an indication of intent now, not later, as
demonstrated by the reaction on Wall Street when the news of his
nominations to be made on Monday were leaked.

Personally, I find it interesting that all these leaks are now coming
from a very disciplined and tight lipped campaign. I'm guessing he's
floating names for a response. The timing on Geithner's "leak" was
brilliant.

The Obama is being handled by the Clintons.



snerk

The American voters "handled" the Republicans this time, just as they
should be handled.

Your assertions really are hysterically funny. Obama, who was not my
first choice for nominee, handily outsmarted the Clintons during the
primaries, and tied the Republicans up in knots during the general
election, turning a handful of red states blue.

I was delighted for the opportunity to vote for Obama on election day,
not only because I thought him by far the best candidate for office, but
because I just knew he would drive the social conservative simpies nuts.