3/5/09

Chaos at the Treasury Department

Fiscal Superman Timmy Geithner was supposed to be the Hope and Salvation of us all...well, after the Obamessiah.

Geithner is supposed to be so uniquely qualified, so on top of things, so...full...of The Right Stuff, that we just had to overlook his tax ooopsies and his association with the previous Eunuch of the Treasury, Hank Paulson.

We Had To Have Timothy Geithner!

The Mainstream Media was all a-twitter over the smoothness, the sheer competence, the savoire faire of the Obama transition team that was supposed to 'hit the ground running' and Get Things Done.

Yet, the Treasury Department is in chaos. There is no coherent 'team' over there. There does not appear to be a team at all:

Understaffed Geithner can't keep up

Huh. How about this from the article:

Among the harshest critics of Treasury's leadership vacuum is Paul Volcker, an Obama economic adviser and former Federal Reserve chairman who last week called the situation "shameful."

"The secretary of the treasury is sitting there without a deputy, without any undersecretaries, without any, as far as I know, assistant secretaries responsible in substantive areas at a time of very severe crisis," Volcker said. "He shouldn't be sitting there alone."

The White House took issue with Volcker's statement, saying Geithner has plenty of able staffers. Former Treasury Secretary Lawrence Summers, Obama's chief economic adviser, has worked closely with Geithner for years.


Well. The White House doesn't seem to know what is going on over at the Treasury Department.

Somehow, that is not surprising.

Perhaps "Giggles" Gibbs, the Press Room Clown, can provide us with some entertaining and witty...or witless...commentary. Maybe he can insult Daniel Wagner, the author of the article.

Hope and change!