krugman.blogs.nytimes.com - 2/17/2009
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The WaPo reports that Tim Geithner realized late in the day that the approaches to financial rescue originally developed by the Obama team weren't workable - hence the vagueness of last week's announcement.
In a way, that's encouraging: we were spared Hankie Pankie II. But it's a bit alarming ...
fivethirtyeight.com - 2/11/2009
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fivethirtyeight.com —
I don't think he did well yesterday. I
don't know that he's the right guy for the...
job. But what I do know is the following: 1. Nobody, absolutely nobody, has more incentive to get this right than the Obama Administration. If the economy collapses -- ...
(more)
Give Geithner a Break
online.wsj.com - 2/11/2009
Comments
Blog Reactions
DFHs
Corrente —
What do they know?
Geithner's World
Eschaton —
I don't know if it took Geithner a long time to realize his plan was a bad idea, or if it just took him a long time to realize that other people knew ...
Geithner's Empty Speech
The Daily Dish | By Andrew Sullivan —
... for taxpayers? That's not exactly rocket science. Hell, someone who had only casually browsed through the blogosphere over the past year would know that. And not even the financial blogosphere. Just ordinary lay blogs like this one. Beutler infers: Senior members of the Obama administration want Geithner to have
ownership of this plan and they're setting him up to take the fall if
it fails. Krugman gloats: I can’t believe that the discussions would have gone so off the ...
Geithner Didn’t Have A Plan? No Kidding?
Firedoglake —
... Krugman says that it's hard to imagine that things would have gone so badly if the usual Larry Summers suspects hadn't been talking to themselves, and there actually had been a "team of rivals" that included people such as himself, Roubini, Stiglitz, etc. -- where different ideas and perspectives were entertained. As someone who was arguing at the time that the President should be able to choose his own advisors, I also recognized the merit of the arguments put forward by those who said the risk of having no progressives on the Economic team could mean that ...
Whatever Gets You Through the Fight
Obsidian Wings —
... Regardless of whether Tim Geithner and his team reached an epiphany regarding the dubious merits of their now-abandoned plan for the next phase of bank bailouts, or whether Geithner simply realized that there was ...
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CNN Radio Political Notebook: Obama heads West —
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