I read an interesting analysis of the Geithner plan over at Ezra Klein's blog and it conforms with everything I've said about the "wait for it" factor with Obama.
In a nutshell, it took Geithner 6 weeks to come up with this plan not because he didnt know how to fix it, but because Obama is a master politician and needed to overlay a complex set of political imperatives over a very gnarly financial problem.
It's a Public song in the key of Private enterprise, with the Nationalization-ettes as backup singers.
Check out the theory...I'm willing to buy it for now.
Wednesday, March 25, 2009
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