3/5/09

Floundering

Nope. Not wandering along in the salt marshes behind Core Banks, lantern in one hand and flounder gig in the other. Nope. Nothing like that.

Nope. Not drifting over said flats in a jon boat, bouncing a mud minnow or baby jumping mullet or strip of bluefish belly meat along the bottom. Not that kind of "floundering".

We're talking about the kind of floundering we are seeing over in the Treasury Department.

Annette Nazareth, Timmy "The Taxman" Geithner's top choice to be his deputy, withdrew from consideration today. No reason was given, but at least one spokesperson said no problems arose with her taxes or other "issues".

Perhaps that was the problem. You can't have someone in the Treasury Department that really knows what she is doing.

We do have this, however:

Nazareth's withdrawal from consideration comes as critics say Geithner's lacks the senior staff he needs to make critical decisions about the financial crisis. Not one of his top 17 deputies has been named, let alone confirmed.

Without senior leadership, lower-level Treasury employees can't make decisions or represent the government in crucial conversations with banks and others.

At a Senate hearing Thursday about failed insurance giant American International Group Inc. -- which has received four separate bailouts totaling more than $170 billion -- Sen. Chris Dodd said he had asked Treasury for someone to appear, but that no one was available.

"I am not pleased that we don't have someone here from Treasury to explain what their role in this is," Dodd said.


Think about that for a moment.

President Obama, after blaming Dubya for the fiscal mess, has continued to pump billions upon billions of dollars into AIG...and he and his Treasury Department are CLUELESS!!!

Nobody has a clue!

You can bet that includes our two United States senators, Betsy Malarkey, Brother John, and the rest of the Colorado Clowns of Congress delegation, too.

Kafka couldn't have come up with this on his best day.