Sunday, March 22, 2009

I never thought the day would come when I would agree with Rudy Guliani on something: Timothy Geitner has to go.

Geitner didn't belong in the position in the first place. Putting a Wall-Street insider in charge of the U.S. Treasury is like appointing the fox to guard the chicken coop.

Where I'm sure Mr. Guliani and I differ is in who should replace him. Rudy told Sean Hannity that he thinks we need someone in there with "real business experience." You know, someone who has grown a business and made a payroll. A roll-up-the-sleeves kindofa guy.

Personally, I'd prefer somone who understands money. I'd also like someone whose only connection with Wall Street is as an observer. Someone like Paul Krugman.

Rudy would shudder at the very thought. He'd point out that Krugman is an intellectual, an ivory-tower type. He's never run a business. He's just sits around and "thinks."

Well, yea, Krugman teaches, writes and thinks. He just won the Nobel Prize in Economics for his thinking about determinants of trade and location of economic activity. He's a vigorous advocate of free trade, but also supported greater regulation of the mortgage industry before it was fashionable to do so.

Sounds like a good Obama match to me. What do you think, Mr. President?

1 comment:

  1. Oh. I guess they don't get along very well. So much for that idea.

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