Over the weekend I read the following two news items: U.S. Treasury Secretary Timothy Geithner is practically alone on the job, working night and day to cope with the worst economic downturn in decades. Barack Obama’s offhand approach to Gordon Brown’s Washington visit last week came abo...

Great. In a speech to a closed gathering at the Lowy Institute in Sydney on Thursday, Paul Keating gave a starkly different account of Geithner's record in handling the Asian crisis: "Tim Geithner was the Treasury line officer who wrote the IMF [International Monetary Fund] program for Indonesia in ...

On Friday, NewsBusters asked, "When Will Media Blame Economy and Bear Market on Obama?" Don't expect Bill Clinton's former labor secretary Robert Reich to ever do so, for in an article published at Salon Thursday, the UC-Berkeley professor claimed "every major policy that led to this ...

The great conductor Bruno Walter once said that conductors should not be allowed to conduct Mozart until they were 50—they simply didn’t, in his view, have the depth of experience or understanding to appreciate the complexities of the music before then. Walter didn’t say this direc...

Although an admitted Barack Obama supporter during last year's campaign, CNBC's Jim Cramer has certainly changed his view concerning our 44th president. On Tuesday's "Today" show, the outspoken "Mad Money" host said: we have "an agenda in this country now that I would regard...

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Attention Team Obama - Peter Pan is not meeting the test. I was skeptical about Obama’s choice for Treasury Secretary from the very beginning. Here is a man who had a hand in bungling the management of the financial crisis on Wall Street last year and who couldn’t keep up with his own Federal ta...

Tuesday Morning News Roundup It appears that Karl Rove will be testifying on Capitol Hill about the nine fired US attorneys. Executive privilege will not cover Mr. Rove anymore. Rove’s lawyer, Robert Luskin, has suggested that Karl Rove will not take the fifth when testifying before Congress, ...

The New York Times this morning described how the Treasury's new bailout plan is shaping up to be a complete sellout to Wall Street, a kind of Paulson Lite with absolutely zero requirements for banks to lend and zero inhibitions on executive pay. Kind of makes sense. The Washington Post reported tod...

Timothy Geithner today explained the government’s new financial stability plan (also found here: http://financialstability.gov/). From the NYT: Mr. Geithner laid out a multi-pronged program that will include several major components: — A new program, jointly run by the Treasury and the Feder...