more care than we got into Iraq.
I suggest he must speak to Geithner about showing more care in
spending the people's credit than his public contempt when he admits
he has no exit strategy for the bailout commitments.
Geithner failed the President when the President announced in early
March that the plan to address the banking crisis would be presented.
There was no plan.
Geithner embarrassed the President when Goldman Sachs received
additional billions of dollars from the US taxpayers when AIG passed
Goldman part of the money AIG got from the taxpayers.
At this very moment, there is no evidence Geithner can get ahead of issues.
He neither speaks clearly nor with authority. Geithner says he works
for the public, the email address officeofthetreasurer@ustreas.
doesn't work and I doubt he has ever read any correspondence from the
public.
This is a very possible economic future.
2009-2010 are ok because of the stimulus package.
2011 inflation, devalued dollar, high interest rates for government
borrowing, stubborn unemployment and no money to lift the housing
market.
Did you know 2012 would be an election year? One political sage once
said, It's the economy stupid.
The Obama people give me the feeling that my concern for the country
is misplaced. I will no longer waste their time, despite their best
efforts, the public good is not served.
My parting advice is to hire James Baker for Treasury and James
Galbraith as economic advisor.
