Sunday, March 22, 2009

I continue to have great confidence in President Obama's economic team

Nothing new here, but I just wanted to reaffirm that I continue to have absolute confidence in President Obama and his economic team, including Tim Geithner and Ben Bernanke, despite all of the gratuitous scorn being heaped upon them. I have absolutely no reservations about any member of the team and their policy decisions to date. They have a big task in front of them and are doing an absolutely amazing job.

What about the big Wall Street bonuses? Yeah, what about them?!?! Talk about a red herring. Yes, the bonuses are absolutely outrageous, but so what?! President Obama and his economic team have plenty of much bigger fish to fry, so please, please, please stop trying to distract them from focusing on the core of the problem. The bonuses are a mere sideshow. Let Congress hold some hearings and then let's move on. If any laws are being broken, then of course the relevant law enforcement authorities will pursue the matter at that level, but the kind of mindless "outrage" being puffed up in the media and by disgruntled Republicans and non-centrist Progressives is a real waste of national energy.

Message to President Obama and his economic team: Back to REAL work.

-- Jack Krupansky


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