09 February 2009

Talk about tone-deaf

Someone fetch me my ear trumpet:
Geithner Said to Have Prevailed on the Bailout

WASHINGTON— The Obama administration’s new plan to bail out the nation’s banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president’s top political hands.

In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.

Mr. Geithner, who will announce the broad outlines of the plan on Tuesday, successfully fought against more severe limits on executive pay for companies receiving government aid.
Because with the economy crashing and unemployment and foreclosures soaring, successfully fighting pay limitations for millionaires is JUST the scalp you want for your wall.

Good luck selling this to people whose "night out" (assuming they can still have one at all) involves the Golden Arches.

Somebody needs to remind Timmeh, here, that if you're going to stand up for millionaires, at least stand up for *competent* millionaires. These are the folks that got us here, in the first place, not the ones swooping to the rescue. If someone drives the Caddy off the cliff, you take his keys, not give him a Rolls with the beaded seat cover.

Team Obama better get rid of this seeming inaugural hangover, soon.

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