Wednesday, January 07, 2009

Obama

At a family dinner the other day I realized that I had created a perception that I'm an Obama-hater and by corollary a McCain-lover. Neither's entirely true. I think they both kinda suck in their own way, but that's probably inherent to the profession. I do have a healthy skepticism of the mad rush to "do something" about the economy and that whatever that "something" is will be helpful. I don't find the federal government to be much of a savior of anything.

Along these lines, here's a great example:

According to the AP: President-elect Barack Obama says the government has been "asleep at the switch" when it comes to overseeing the nation's financial system. He says Americans are "feeling frustrated that there's not a lot of adult supervision."

Citigroup is one of the top five banks in the US. Their primary federal regulator is a man by the name of Timothy Geithner. Is he one of the guys asleep at the switch?

Oh yeah, Timothy Geithner is Obama's choice to replace Henry Paulson as Secretary of the Treasury.

Politics makes for interesting bedfellows, I suppose. That may be the understatement of the year, the year in which we get a new Secretary of State, the one that Obama railed against for her foreign policy choices in the senate...

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