A new president will be inaugurated on January 20, 2009. The new administration starting to take form, while wild financial fires are spreading outside the transition door. First Obama was sitting pretty not saying a word while bush, as usual, was watching TV. A week too late Obama marches out a crowd of economists that are supposed to march in unison (you must be kidding). Now Obama is trying to cover his inaction all last week with a press conference every noon.
In between we hear that Daschle will have HHS; as far as we remember Daschle was inapt in his previous jobs; did he go through intense training lately? This one is clearly a sign of change.
Paul Volcker, 81, now reinforces the legions of economists that are supposed to deliver us from Gomorra to Heaven. Why do we need more? Aren't Romer and Summers enough of a superstar team? Why, actually, is Geithner heading treasury? They say he is smart. That's great, my next door neighbor is very smart, and did they eliminate my neighbor already?
The transition is progressing smoothly and rapidly as opposed to the Clinton, the famous failure that lasted eight agonizing years, transition that was a week behind Obama without wild fire, however, As I said the transition is going in a blinding speed and doesn't miss any, well several dozens, beats.
Too bad they don't take old people in New Zealand; this country seems to move smoothly from one nightmare to another.
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