European Tribune - Comments - Obama's Emergency Banking Act of 2009

Obama's Emergency Banking Act of 2009 | 83 comments (83 topical, 0 editorial, 0 hidden)

If there is a cunning plan... (4.00 / 3)

it is not necessarily by Geithner. A theory I was told is apparently making the rounds in Brussels is that he is being set up as a goat, ie his plan will fail, and will make it politically possible to go for a more radical plan. Some people in Brussels seem to think he won't be around in a few months' time.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Feb 11th, 2009 at 10:29:19 AM EST
[ Parent ]

Re: If there is a cunning plan... (none / 1)

I wouldn't be at all surprised that he should disappear within a few months.

But I'm not impressed by the very-cunning behind-the-scenes plan explanation. Once Obama's main project for dealing with an urgent financial crisis has failed, I don't quite see what extra leeway to introduce more radical policy he'll have gained.

We shall see.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Feb 11th, 2009 at 11:29:08 AM EST
[ Parent ]

Re: If there is a cunning plan... (none / 1)

It's a nice theory - but why set up someone to fail? There would have to be a political advantage of the 'We tried it your way - now let's try my way' kind.

What evidence is there that Obama works like that, or has ever worked like that?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Feb 11th, 2009 at 06:21:40 PM EST
[ Parent ]

Re: If there is a cunning plan... (none / 1)

Having Watched the Iraq war, I'm sure that would result in, "you havent tried it our way for long enough" as a response till the next presidential election where he would loose as the recovery would be perpetually round the next corner.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Wed Feb 11th, 2009 at 08:44:15 PM EST
[ Parent ]

Obama's Emergency Banking Act of 2009 | 83 comments (83 topical, 0 editorial, 0 hidden)

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