Wednesday, February 04, 2009

Falling Down on the Job


Although nothing's set in stone yet, I'm not particularly impressed with the lack of progress on a stimulus bill, or with what looks like a pretty atrocious approach to bailing out the nation's financial institutions.

4 comments:

  1. "Meet the new boss, the same as the old boss . . ."

    I guess my complaints would be louder/more vitrolic if it wasn't for a) how bad the last guy was, and b) how few "good" options seem to be available . . . but I was hoping for a lot better than this . . .

    CWD

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  2. In relation to the financial industry, that certainly seems to be the case. Didn't the new boss formerly work for the old boss?

    Let's not underestimate the continuing wealth and power of our nation's bankers, the views of the sovereign wealth funds that own substantial stakes of some major financial institutions, or the knee-jerk response to the word "nationalize". This isn't an easy nut to crack. But I get the sense that nobody's really trying - it's just "dole out the cash, don't make hard choices, don't ask the banks to share the pain, and hope everything works out."

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  3. 1) Yes, and what is worse he was the "lead man" in some of the worst parts of the debacle.

    2) Concur - but I would add, ". . . and when and if it does, take credit."

    CWD

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  4. If you're going to be blamed when things fail, whatever your connection, you might as well claim credit when they succeed. ;-)

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