Saturday, October 10, 2015

"This is not a plan"

"This is not a plan"


There are so many criticisms of Treasury Secretary Timothy Geithner's non-plan for dealing with the banking crisis -- liberal, conservative, Swahili, Martian -- that it's impossible to pick just one, but here's one that includes one of the greatest quotes ever:

That lack of specificity, said Johnson, isn't helping restore confidence, pointing to a sharp drop in the market today, especially in the financial sector. "The market is responding to vagueness," said Johnson. "This is not a plan. In the annals of plan-announcing, this is very vague."

Heh..."the annals of plan-announcing." So far, the non-tax-paying bailout-bungling Geithner has the potential to become one of the worst cabinet secretaries ever -- and I think you remember some of the names he's competing against.

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Will Bunch
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