CapitalistMarks

Pigs can’t fly . . .

Posted on 11. Feb, 2009 by scott in economic daydreaming

It’s been a while.? Had to calm down after listening to our new Treasury Secretary?yesterday.? What is going on?? The guy doesn’t pay his taxes and now this?? He must not be paying attention to anything.

Frankly his speech on the new bank and financial bailout?plan (you know the . . .?the rest of the $700?billion TARP)?was one of the worst ever by a Treasury official.? Geithner (until recently the head of the NY Fed) makes Paulson?seem like superman!

After more than a week of hype all we get was:? ‘we’re gonna do a little of this and a little of that and it will cost a couple of TRILLION $$$ more and it may or may not work and we don’t know exactly what we’re gonna do and it may change but we will try and it will involve government and private sector and you may not like what you hear but it is what it is and i’m coverin’ my bases ‘cuz if it fails i still want my big government pension and . . . . .”?

Oh my gosh!? Can’t he give us even a tiny bone to chew on?

You get the idea.

the Treasury Secretary has got to have his head messed up to give such drivel to the public, the markets, the congress, the press.? After all the work you’ve done Timothy you can’t come up with something concrete?? Why talk at all??

Don’t schedule a press conference days in advance and promote it with all kinds of ridiculous hype, if you don’t have some of the right questions let alone any of the right answers!? We deserve better.??I demand better.? Obama you made a mistake here and you had better start doing something to correct it.? This guy is worse than Daschle.

Think about this.? Geithner was, afterall, part of the wonderful solution worked out in the last months of the prior administration.? You know, the solution that did such a great job with AIG, Lehmans Brothers, fannie and freddie.? Teah, those were winners and sure helped improve the situation.??Now this?

Give me a break.??I only have a Bachelors degree in economics (albeit with a MBA kicker to help undo the damamge of too much econ theory) and though I’ve only taught macro-econ one semester in college–yet,?even?I see the stupidity of talking about nothing when the nation is in crisis.?

Give us SOMETHING!!? What did he do with his Phd. in Economics?? Maybe it was from one of those mail-in schools — you know –? the University of Whats’it.? .? 47 years old and?I don’t think he has really worked for anyone other than the government!!? Maybe we need term limits for bureaucrats as well as for elected officials.? YOU JUST CAN”T WORK FOR THE GOVERMENT YOUR WHOLE LIFE AND STILL HAVE A CLUE ABOUT LIFE IN THE REAL WORLD!!!!? Does he shop at Walmart like most of the rest of us have to now?

My dad told me not to criticize unless?I had a better idea.? well?I do!!? Stop bailing out the financial institutions and the immoral ceo’s.? Let a few of them fail (maybe even more than?a few).? Force?a whole bunch?more to get new management (guys with a clue and some basic honesty).? Let the stuff fall where it may and then start over.? Bear Stearns vs Lehman Brothers . . .? yeah the Fed and Treasury got that one right and that gives us confidence going forward.? Aahhuh.? and I’ve got?some land in Florida I’d like to sell you –? cheap (but cash only, please).?

What is the saying : a pig with lipstick is still a pig?? Did?I get it right.?

This one doesn’t even have the lipstick and it sure as heck can’t fly.?

Dang ugly to look at let alone listen too.?

Strike one timothy.? By the way?here comes the next pitch!? And this one better fly!

?

tahks to jere-me of flickr for the photo

Tags: federal reserve, financial bailout, geithner, obama, paulson, treasury