With the economy on everyone's mind and struggling to find bottom, I am amazed that the Treasury Department has been slow to staff up key senior positions, including #2. That is today's update in the NY Times. Remember Timothy Geithner? He was the Treasury nominee later appointed who failed to pay payroll taxes and later fulfilled his obligations. Then, shortly after being appointed, Geither announced his plan to rescue the banking system, an announcement that was critiqued as short in stagecraft, performance and details. Geithner stepped into this role with liabilities and the spin on him continues to be less than hopeful.
I'm concerned by this. If Treasury is a weak link in Obama's game, that's not good. Says the Times, "Analysts say it is far too early to know if Mr. Geithner and his team will be effective. But some worry that political and financial constraints have made them reluctant to grapple with the full magnitude of the crisis."
Note to President Obama: Shore up confidence in Geithner, get his team in place, and do it fast!!
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