The Buck Stops…Somewhere
During Obama’s first press conference, he wouldn’t go into specifics on his economic recovery plan, claiming his Treasury secretary, Tim Geithner, would give details in his own press conference the following day. Well, Geithner’s performance didn’t fare too well on Wall Street:
After all, Geithner stood on his podium and told investors that the federal government would give all of the toxic assets a soft landing. If he had a real plan to do that, investors would have been buoyed by that news and would have been encouraged to buy — or at least not to sell. But all Geithner had was a bunch of slogans and concepts, and investors realized that The Indispensable Man hasn’t got a clue.
Maybe he can pass the buck onto an undersecretary.
