Should Treasury Secretary Tim Geithner be on borrowed time — or should he be given more time?
In our political quote of the day Andrew Sullivan weighs in and, after looking at four key points, writes:
Frankly, I see some screw-ups here, but I can also see a strategy that strikes a pretty good balance between competing demands of getting enough Wall Street cooperation to pull off a banking recovery, keeping public outrage from prolonging the recession, and enforcing new regulation on an out-of-control private sector.
Call me a shill if you want, but after a couple of months, I’m prepared to give the guy a chance.
There are many arguments on both sides about Geithner. Even the most simple has a counter argument. IT HAS ONLY BEEN SIX WEEKS. But the U.S. can’t afford another six weeks like this. ON SOME THINGS HE IS PROVING TO BE OUT OF THE LOOP. He’s too far in the loop with corporate interests and Wall Street to make the hard decisions to bring about the necessary change. Etc…
Joe Gandelman is a former fulltime journalist who freelanced in India, Spain, Bangladesh and Cypress writing for publications such as the Christian Science Monitor and Newsweek. He also did radio reports from Madrid for NPR’s All Things Considered. He has worked on two U.S. newspapers and quit the news biz in 1990 to go into entertainment. He also has written for The Week and several online publications, did a column for Cagle Cartoons Syndicate and has appeared on CNN.