It’s a Quarter to Three, There’s No One In the Place Except You and Me
Interesting story from ABC News’ Matt Jaffe about how the Treasury Department is "understaffed and overburdened as it confronts the biggest economic crisis since the Great Depression…In the past two weeks, Geithner has moved quickly, outlining a revised approach to stabilize the financial sector and a program to assist struggling homeowners from losing their homes to foreclosure. However, critics say Treasury has not moved quickly enough to fill key positions — such as deputy secretary, various undersecretary posts, and general counsel — which may have contributed to a lack of details in Treasury’s plans, which in turn caused a dive in the stock market…
"Analysts point to a variety of possible causes for the hiring delays, including new ethics rules introduced by Obama himself. The new commander in chief has barred lobbyists from taking jobs where they would be working on issues that they have lobbied on during the last two years. Treasury has also imposed stricter regulations on Wall Street, preventing lobbyists from contacting the Department as it works on distributing the billions in federal funds remaining from the banking bailout program."
- jpt
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Is he kidding?? “The new commander in chief has barred lobbyists from taking jobs…”
Apparently the report hasn’t watched many of Obama’s appointments.
Posted by: John | February 24, 2009, 9:07 am 9:07 am
I am sorry, but I think the less they do the better. Obama seems determined to destroy the economy entirely.
This is the culmination of the efforts of a collection of eunuchs at a harem. None of these people has ever had to meet a payroll. They haven’t the first idea of what business is or what it takes to make it work.
Posted by: drjohn | February 24, 2009, 9:13 am 9:13 am
So it’s longer acceptable pratice to “pay to play”!!!!!
Amazing—– now there’s no one qualified that can be considered for these key positions—- what does that tell you a about government and politics????
Last I checked there was an extreme overabundance of people looking for employment!!!!
What seems to be the problem??? Are you no longer allowed to hire your friends and family??
Posted by: Roscoe2400 | February 24, 2009, 9:26 am 9:26 am
How many strikes does Geithner get from the White House before it’s time to pull the plug?
Posted by: matt | February 24, 2009, 9:30 am 9:30 am
ABC’s Jonathan Karl reported last night on ABC Evening News that he reviewed the anti-stimulus bill and found thousands of earmarks.
He said they found so many thousands of earmarks they couldn’t count them all.
Posted by: Peach | February 24, 2009, 9:31 am 9:31 am
And to think democrat Senator Schumer said Americans don’t care about a few pesky earmarks.
I don’t know when thousands of earmarks became a few.
Probably at the same time as we watched tax cheats promoted and the responsible punished.
Posted by: Peach | February 24, 2009, 9:32 am 9:32 am
John:” “The new commander in chief has barred lobbyists from taking jobs…”
Apparently the report hasn’t watched many of Obama’s appointments.”
Apparently you haven’t been watching too closely. 90%+ of Obama’s appointments have never been lobbyists, and 97% conform to the letter of his executive order. This is unprecedented and not surprisingly this major change to the standard way of doing business is taking some adjustment.
Posted by: jhw539 | February 24, 2009, 9:35 am 9:35 am
Peach:”ABC’s Jonathan Karl reported last night on ABC Evening News that he reviewed the anti-stimulus bill and found thousands of earmarks. ”
What do you mean by the “anti-stimulus” bill? In your attempts to be cute, I don’t know what you’re talking about. The stimulus bill has no earmarks, and Jonathan Karl has never reported on it that I know of. The budget omnibus bill does have earmarks, as it has every year for decades with the exception of when Democrats took over and stripped them all out for a year.
Is this what you’re talking about?
Posted by: jhw539 | February 24, 2009, 9:42 am 9:42 am
The same old political faces making the same old political talking points. The same group of careerists vying for attention with their eye on the next election as if their congressional seat was a lifelong trust. The continual blurring of religion and politics where the candidates try to impress with their constant references to God. The bilking of the public with no one held accountable. The daily lies, deceit, subtrafuge, and broken promises fed to a gullible public who refuse to do their homework. The canonization of Obama from nearly every quarter with nothing to back up the assertions. The calls for reform which are merely that. The monies that are wasted and unaccounted for. An illegal war that goes on and on. The repeated calls for sacrifice which only affect us.
Posted by: PJ | February 24, 2009, 9:44 am 9:44 am
I can send him the names of a lot of experienced corporate governance auditors in Houston, hot off off Sarbanes-Oxley projects to help out at Treasury. They are just not digging deep enought for qualified help.
Posted by: Jim | February 24, 2009, 9:45 am 9:45 am
Memo to Senator Schumer:
Americans do indeed care about a “few” pesky earmarks. ABC identified so many thousands of them they can’t count them all.
Only in DC are a few in reality thousands.
Posted by: Peach | February 24, 2009, 10:16 am 10:16 am
After reading about the thousands and thousands of earmarks ABC has uncovered, I wonder if anyone in the country will be able to say the words:
“Obama and fiscal responsibility”
in the same sentence without falling on the ground laughing.
Posted by: Peach | February 24, 2009, 10:23 am 10:23 am
It may be hard to find people less competant than Geithner and Summers to serve as underlings.
Posted by: mad | February 24, 2009, 10:40 am 10:40 am
Peach:”After reading about the thousands and thousands of earmarks ABC has uncovered, I wonder if anyone in the country will be able to say the words:
“Obama and fiscal responsibility”
in the same sentence without falling on the ground laughing.”
Seeing as how this bill was put together by Congress during the Bush administration, I don’t have much trouble with that phrase (yet).
I would love to see some of the earmarks actually listed out. Nothing wrong with earmarks in theory – it IS Congress’s Constitutional duty to control the purse strings – it’s the specifics, the ugly little bridges to nowhere, that need to be drug into the light. Complaining about ‘earmarks’ and ‘pork’ is useless sloganeering that riles people up but gets nothing actually done.
Posted by: jhw539 | February 24, 2009, 10:47 am 10:47 am
Concerned in OH:”Why would 0bama’s rule about lobbyists affect Treasury? It sure as heck didn’t affect any of 0bama’s appointments.”
Really? Last I checked Obama’s administration had fewer lobbyists in it than any in a generation. Do you have any citation that refutes this?
Is this just a coincidence? Is Obama inherently far less pre-disposed to hiring lobbyists than past presidents? Or might his no-lobbyist policy have had a strong influence on his appointments?
Just wondering if there is any factual basis to your insults.
Posted by: jhw539 | February 24, 2009, 10:50 am 10:50 am
Concerned in OH:”"Seeing as how this bill was put together by Congress during the Bush administration”
LOL, are you kidding me? The Porkulus was Bush’s? You absolutely have to be kidding. It’s pure Pelosi/0bama/Reid (K).”
As I went to pains to clarify with Peach, we are talking about the budget omnibus bill. The one that actually has earmarks.
There were no earmarks (which are a defined type of specified spending) in the stimulus bill (and lots of people looked hard for them), the stimulus bill is passed, and we’re not talking about it currently. Make sense?
Posted by: jhw539 | February 24, 2009, 10:53 am 10:53 am
I didn’t vote for the guy, but I believe he is making a good-faith effort to disrupt the revolving door in DC. It’s even worth accepting some delay in appointments this time — but only if it becomes the case (and remains so) that leaving to lobby means never coming back.
Posted by: Byronius | February 24, 2009, 11:01 am 11:01 am
bad:It may be hard to find people less competant than Geithner and Summers to serve as underlings.
======
You almost get the feeling they don’t want too many people to know what they are doing.
Posted by: MayBee | February 24, 2009, 11:04 am 11:04 am
Maybe, even fellow Democrats and lobbyist don’t want to be associated with the direction the Obama administration is taking the economy.
Or, maybe those that they are considering need a little more time to file their ammended tax returns…
Posted by: Hmmm... | February 24, 2009, 11:04 am 11:04 am
Hmmmm — even fellow Democrats and lobbyist don’t want to be associated with the direction the Obama administration is taking the economy.
———————————-
They’ll always have Chris Dodd.
Posted by: mad | February 24, 2009, 11:26 am 11:26 am
jpt writes:
“In the past two weeks, Geithner has moved quickly, outlining a revised approach to stabilize the financial sector and a program to assist struggling homeowners from losing their homes to foreclosure.”
STOP him, before he “plans” again.
Posted by: Brief Episode | February 24, 2009, 11:42 am 11:42 am
2010: It’s the economy, stupid!
Posted by: drjohn | February 24, 2009, 11:47 am 11:47 am
Sorry – but why is Obama referred to as the “Commander in Chief” here by Jaffe? What branch of the military does the Treasury Department represent?
Is Ron reading from the teleprompter again?
Posted by: New Cronkite | February 24, 2009, 11:52 am 11:52 am
What branch of the military does the Treasury Department represent?
———————————
Demolition
Posted by: mad | February 24, 2009, 11:59 am 11:59 am
from the Jaffe piece:
“right now Geithner [probably has 10 or 20 percent of the political appointees around him that he ultimately will have.’”
God help us. Geithner shouldn’t have been there in the first place, his daddy’s hiring of Obama’s mama notwithstanding.
ONE screwy thing about the Matt Jaffe article is that “the briar patch” — an Uncle Remus reference there — is NOT “nasty” to those who seek to be thrown into it.
The idea that the answer to the crashed economy is to turn even MORE Wall Street players loose — do we sense oncoming “emergency” appointments, at high pay, of a scad of at-liberty finance guys, Geithner’s associates left over from the crashes and mergers? — to help Geithner finish looting the Treasury for the corporations is quite weird, and not inherently believable.
Canning Geithner and Summers makes a lot more sense. Get Krugman in there. And John Edwards.
Posted by: Brief Episode | February 24, 2009, 12:01 pm 12:01 pm
If The CHANGEling can’t prevail on Geithner to resign, maybe Obama should resign, and go write more fantasy memoirs.
The Cheshire-Cat grin and a mouth full of much obliged really DON’T justify destroying the entire country, with the greatest losses to the poor who mistakenly gave Obama the Democratic nomination and the presidency that came with it.
Posted by: Both Sides Now | February 24, 2009, 12:12 pm 12:12 pm
“The BDS is strong in this one, 0biwan.”
Wow that has to hurt coming from the Ashley Todd hoax spreader.
Posted by: Ryan C | February 24, 2009, 12:22 pm 12:22 pm
On the other hand, taking Geithner AND Bernanke out and shooting them probably would work wonders in a number of areas.
If these jolly fellows continue, all but the very rich are going to be stripped of any HINT of property or assets — along with housing, medical care, or prospects for improvement — and after the ensuing slaughter, it’ll be a lot quieter … and everybody who’s left can live on the golf course, and spend their days drinking, and chatting about how they were, “making the hard choices”.
Posted by: Brief Episode | February 24, 2009, 12:24 pm 12:24 pm
“ABC’s Jonathan Karl reported last night on ABC Evening News that he reviewed the anti-stimulus bill and found thousands of earmarks.”
Oh look Peach is conflating the stimulus bill which had no earmarks and the new budget which does.
Is it lying or stupidity?
Posted by: Ryan C | February 24, 2009, 12:27 pm 12:27 pm
Ryan C
Peach Is always on here Lying Insulting Peoples Intelligence with Drudge Reporting,Limbaugh,Fox News Just Ignore peachie she or he will go away!
Posted by: Angie | February 24, 2009, 12:59 pm 12:59 pm
As I went to pains to clarify with Peach, we are talking about the budget omnibus bill. The one that actually has earmarks.
There were no earmarks (which are a defined type of specified spending) in the stimulus bill (and lots of people looked hard for them), the stimulus bill is passed, and we’re not talking about it currently. Make sense?
jhw539 ,
No earmarks in the traditional sense, Just HUGE globs of money to be used in any old which way!
Seems like we saw this movie already!….oh yes…TARP !!!!
That’s ok; this time we have Obama here to “make sure” we have “traceability”. We can’t tell the American people how many jobs will be created (because we have no idea to begin with, hence the new term “created/saved”), but by God we will track every dime!
Trust me America, I have put Joe Biden on this!
Posted by: Mike_C | February 24, 2009, 1:05 pm 1:05 pm
So … will The CHANGEling lead off tonight’s teevee spectacular with the under-bussing of Geithner? Will He wrap Himself in the usual six flags, or sacrifice some for austerity?
Darth Gibbs predicts “Reaganesque”, but bet on Bidenesque. Reagan, after all, is how we got here in the first place.
Posted by: Brief Episode | February 24, 2009, 1:18 pm 1:18 pm
Gosh, didn’t Obama say he wouldn’t sign any legislation with earmarks? Why yes. Yes he did.
But I can see his devoted Comrades don’t care that it’s just another broken promise.
Kudos to ABC for identifying thousands upon thousands of earmarks.
Posted by: Peach | February 24, 2009, 2:18 pm 2:18 pm
That explains why Summers fell asleep during the lovefest at the Fiscal Responsibility Summit.
Or it could be the BO put him to sleep with one of his lengthy snoozer statements.
Posted by: harry | February 24, 2009, 2:38 pm 2:38 pm
“That explains why Summers fell asleep during the lovefest at the Fiscal Responsibility Summit.”
On. the. nod, mayhap. Like the Japanese fellow who lost his job. (Have you listened lately to Summers’ attempts to SPEAK?)
Posted by: Human Intelligence | February 24, 2009, 3:19 pm 3:19 pm
Obama’s idea are too stupid to even call them socialist.
We’re witnessing the most expensive learning curve in American history.
Posted by: Peach | February 24, 2009, 3:22 pm 3:22 pm
“Obama’s idea are too stupid to even call them socialist.”
However, the ideas — if you want to elevate this across-the-board fiscal flim-flam to the “idea” level — are NOT too stupid to be called “corporatist”, i.e., fascist.
Paying CLOSE attention to what this cabal intends to introduce as “National Service” will, alas, illustrate this all too well.
Posted by: Human Intelligence | February 24, 2009, 3:32 pm 3:32 pm
“But I can see his devoted Comrades don’t care that it’s just another broken promise.”
Obama never promised that earmarks would cease to exist.
The lesson as always? Right wingers lie.
Posted by: Ryan C | February 24, 2009, 4:05 pm 4:05 pm