During the worst economic crisis since the Great Depression, you hope not to read that:
Even before Treasury Secretary Timothy Geithner made noises
about stepping down, the number of vacancies in top economic posts
within the Obama administration was stunning.
The article lists:
- Federal Deposit Insurance Corp. Chairman Sheila Bair is on her way out.
- Also departing is White House Council of Economic Advisers Chairman Austan Goolsbee.
- There are two open seats on the Federal Reserve’s seven-member board.
- The Office of the Comptroller of the Currency ... and the Federal
Housing Finance Agency ... have been run by temporary directors and
permanent replacements have not been named.
- The White House hasn’t nominated anyone to run the new Consumer Financial Protection Bureau
- it also hasn’t tapped people to fill three key Treasury posts – the
ones that oversees banking policy, economic policy, and tax policy.
- Treasury’s undersecretary for domestic finance, Jeffrey Goldstein, plans to leave soon himself.
(And this doesn't even consider other unfilled positions, e.g. federal judges. - e ainda outros aqui não referidos que já saíram no entretanto)
Senate approval is one obstacle, but recess appointments are an
answer. Unfortunately, it's an answer the president refuses to use even
though the economic situation more than justifies it. If Republicans
make an issue of it, good, it's a chance for the administration to
highlight the degree to which Republicans have put politics above the
struggles facing typical households. But, nope, it's better to fight the
fire short-handed -- a fire that has done and is still doing
considerable damage to middle and lower class households -- than make
Republicans mad. Republicans are running around with matches threatening
to start new fires if they don't get their way, and the administration
seems to think calm, rational negotiation in the face of all of this
will somehow win the day instead of allowing Republicans to take them to
the cleaners yet again.
Fail.
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