William Greider

The look and tone of the Treasury Secretary reminds me of the third grade. The smartest kid in the class, the one teachers loved, was the boy who always raised his hand and waved it impatiently while some other student fumbled for an answer. If the teacher stepped out of the room for a moment, bedlam usually followed and this kid would try to restore order. “Be quiet or I will tell.” Kids threw things and tormented him until the teacher returned.

Timothy Geithner reminded me of that type as he lectured the country on how the Obama administration intends to save the financial system. The country is apparently responding in kind — hurling blistering comments at him and the “best and brightest” who are now in high office. How could these smart people be so dumb about things everyone else already understands? Americans do not need to be told, as Geithner did, that they have “lost faith.” The remark is condescending and infuriates further.

What people wanted to hear, in plain English, were hard answers and an honest acknowledgment of the extreme irregularity of events — government is rushing to rescue the very private interests that led us to sorrow. Instead, Geithner told us he has a “plan.” He will share the details at some later date. Be calm. Stay tuned.

story

Advertisements