Tuesday, March 24, 2009

brief political note...

I've patiently waited to see whether Geithner would prove to be a good choice for Treasury. I worried about the appointment of Larry Summers, however, and now I'm starting to worry about the whole venture. Rather than listening to Nobel Prize-winning economists, the Obama administration seems to be relying on the same wrong-headedness that has got us in this mess in the first place.

I don't pretend to know much about banking and economics, but I do know people who've lost their jobs and others who are struggling to keep going. I also know that my living costs are higher than they were a year ago and that my own (small) retirement investments are worth much less than they were a year ago. Will the plan being put forward really help us?