Obama’s Economic Genius Can’t Understand Tax Code
by Mac Johnson

01/16/2009 Print This


Timothy Geithner is allegedly an inspired pick by Barack Obama to be our next Treasury Secretary. Those who claim that the madness of crowds can suddenly be rational point to the fact that the stock market rose 500 points on the day that Wall Street learned of his nomination. Of course, the bipolar market has since gone down and no one claims that that means that Wall Street has suddenly lost faith in its gifted insider, Tim Geithner.

Geithner’s confirmation by Congress was supposed to be a formality (and with this Congress, what Obama nominee wouldn’t see it all as a formality?). But a funny thing happened on the way to the Treasury Department: it has come out that Geithner, who would be put in charge of “savingâ€