Timothy Geithner's appearance on Meet the Press makes one thing perfectly clear: Geithner cannot be the pitchman for the Obama recovery from the machinations of AIG and the like and their political and regulatory allies.
There is simply no political passion, identification of bad actors, nor populist (democratic) appeal from Geithner. As Paul Krugman said on ABC's This Week, "It's a plan to rearrange the deck chairs and hope that that keeps us from hitting the iceberg. They've done some things very fast, but they've been very small things ... There's no way this could be enough." (See Huffington.)
And Republicans are absurdly appropriating the populist message in the political battle.
Obama likely sees this. So, look for Obama to be a FDR-like frontman, as he should be.
And, if you have not read it yet, do read Matt Taibbi's 8,700-word piece in Rolling Stone.
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