February 10, 2009

Obama's fiscal car wreck.

Have you ever watched on the news one of those car pile-ups where car after car crashes into the flaming wreckage that was once a 2 car fender bender and has no become a 75 car collision and is still growing? That's what I was reminded of after Geithner's pronouncement today. The flaming wreckage associated with his addition to the calamity? The Dow Jones Industrial Average down 381 points (4.6%), the NASDAQ down 4.2% and the S&P 500 was down 4.9%.

Even as a conservative, at some point you have to stop laughing at the spectacle and start thinking 'Geez, this could get far uglier than it already is.' But I'm not sure I've reached that point yet. I'm not laughing at those who've lost jobs but rather those driving the various cars who have no clue how to operate in the environment.

But there is a silver lining as far as America and the rest of the world is concerned. Mr. Geithner said that he would not outline specifics until they had the details worked. The silver lining - maybe they never will. Once there's some specifics we can critique it. Maybe they've decided to take the Bush approach to the dialogue - don't. Shut up, hide and maybe the problems will just go away.

Even the Huffington Post is talking about how the Administration was greeted with sarcasm and laughter over the Geithner plan.

Way to go, Team O.

No comments:

Post a Comment

Disagreement is always welcome. Please remain civil. Vulgar or disrespectful comments towards anyone will be removed.

Related Posts Plugin for WordPress, Blogger...

Share This