Checking
So after a monster day on the market mainly because of the new bad asset plan, do all those people still want to tar and feather Geithner?
posted by mikevotes at
6:25 PM
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This is not the America I was brought up to believe in. This blog seeks to highlight abuse of power, deception, corruption, and just plain bad ideas in government and corporations. Updated several times a day.
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- Viva la Evolucion
- An issue for someone who needs one
- Torture memos coming
- A US backed coup in Afghanistan?
- This is the Republican party
- Stray thought
- Picture of the Day - 2
- Obama responds to Cheney
- Geithner's hurting
- Iran
4 Comments:
Well, it's only one day, isn't it?
I have the feeling that the media scapegoating of Geithner mostly comes from the disaffected right. They're mostly against taxation in any form, conveniently ignoring the cash hemorrhage of the last 8 years.
And they don't dislike merely Geithner, but all that lamebrained hooey coming from the fevered brains of the looney left. I listen to them on and off during the day to get a fix on their dislike. It's mostly name-calling, and they have already developed quite a vocabulary...
By
r8r, at 7:11 PM
I agree completely that it's just one day, and that's sorta my point, too. All those who were crying throw him overboard were just looking for another scapegoat and smelled weakness. For 90% it had nothing to do with policy.
And, My broad read is that Geithner's getting balsted from the full right and the farther left. They'll probably fix the left and press from the middle out on the right.
By
mikevotes, at 10:22 PM
Of course, as you know, the 30 industrials that make up the Dow composite is hardly measure of fundamental economic goodness (or badness). Let's see how this plays out over the next 3-6 months (Oh,God! Did I just do a Friedman?!)
Krugman hates the plan, but he's man enough to say that if there's improvement in the lending institutions he's admit he was mistaken. There is also some good news tied directly to the policies of the "looney left" and Obama: existing home sales are up following the homeowner stimulus plan being signed into law. Some observers are making the cause-and-effect connection.
Still, those on the right will ALWAYS want to tar and feather Geithner... and anyone associated with the Obama admin. The question is will the left leaning observers and commentators cease calling for blood.
By
-epm, at 7:50 AM
Again. My point is that most of the criticism was as uninformed and shallow as my (supposedly mocking) post.
There is a fair amount of real criticism that I have to respect, like Krugman, but, frankly, I'm not deep enough on policy to weigh them.
My point was that alot of media people were hating just on the Dow. It was that shallowness this post was supposed to hit.
By
mikevotes, at 7:56 AM
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