Won’t do much more than add another name to the unemployment rolls, according to the WSJ:
One big difference between Washington and private markets is that politicians think everything they do is free-standing. Markets, however, combine all the potential costs of Washington’s policies and then decide whether to invest, or not. Consider what private decision-makers see in their future:
A 2,074-page, trillion-dollar health-care bill to redesign 17% of the U.S. economy. A carbon tax—cap and trade—that remains an Obama priority ahead of the Copenhagen climate summit next month. A falling dollar and gyrating commodity prices, with no idea where those prices will go next.
Democratic liberals are talking about an income tax surcharge to pay for any commitment in Afghanistan. Card check, to expand unionization of the private economy, remains a priority. Domestic discretionary spending in fiscal 2010 is set to rise at 12.1%, with inflation near zero.
Nurturing a fragile economic recovery into a durable expansion requires policies that restore public confidence and reassure investors, risk-takers and employers. The Democratic agenda is doing precisely the opposite, which is how you get subpar growth and fewer new jobs.
Still, I wouldn’t be surprised if the former NY Fed chairman and current Treasury Secretary is quietly shopping his résumé. He’s been around the block long enough to know that when it comes to job losses, it’s better to give than receive. Especially among a political class that tends to conflate motion with progress.
I am not sure he is ‘shopping his resume.’ Government bureaucracy is extremely contaigous – once a person gets into it, he/she becomes infallible and infirable (a new word?? LOL) in his/her own mind…
Firing Geithner would be so much like firing the CFO for two bad business quarters, when it’s the CEO who put the stamp of approval on the whole program; he who sees the vision so clearly.
Wondering how far Holder would be behind Geithner, given the rumors I’m hearing about a ‘small arms treaty’ the O is entertaining the thought of putting his signature to; all for the sake of eradicating terrorism, you know. Such a treaty would fare oh so well in our courts, especially ye olde Supreme Court.
But, I digress. Accountability starts at the A.)Top B.)Bottom C.)With whomever ducks last
PS No fair voting ‘Present’.
Mongo, silly you, we here ALL know the ans to THAT question in Obamaworld! “C”
VX, I think you’ve been cheating and looking at the answers again.
I wouldn’t mind putting ol’ “TurboTax” on the employment rolls. He’s probably got enough connections, he’d be drawing a 7 figure salary again inside of a month after he leaves the District of Corruption.