Wednesday, March 25, 2009


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.

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