capgain

Geithner Unable to Break with the Past

Geithner's "plan" was like kissing your sister.....nothing there. The wags and the pundits were quick to pin the 400 pt drop on this, but I think the cause was far more serious. I think people are realizing that they are on a ship sailing in troubled waters, and the captain just doesn't have the experience or the skills to navigate through safely. To wit, Monday evening Mr Obama stood before the country and, with his bare face hanging out, continued to insist that this bail-out bill was devoid of all pork and earmarks!!! Does he really think that we are all deaf, dumb and blind, and willing to follow him as he stumbles from mistake to mistake?

Of course the market pulled back, just as one rightfully jerks one's hand from a hot stove. What is really needed now is a lot more honesty, and a lot less polished rhetoric.