Treasury Secretary Timothy Geithner is shaping up to be President Obama's greatest mistake. He -- and the president by extension -- seems to be dithering, rather than taking decisive, far-reaching action on the banking crisis. We as a nation -- and the world at large -- will suffer far more financial blood loss with his "health by 1,000 cuts" than we would with far larger, bolder moves. We are following Japan's 1990's path to nowhere. To see information specific to Geithner, check out these pieces at Bloomberg and HuffingtonPost. For an overview of what needs to be done with the economic woes as a whole, see my previous post for a link.
2 March 2009
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