Thursday, January 29, 2009

A surprising defense of Geithner in WSJ

http://online.wsj.com/article/SB123318805587026591.html?mod=djemEditorialPage

Had he been judged under the current code of political justice, Timothy Geithner would be home in New York, phoning old IMF friends for a job. Instead, the former tax scofflaw is U.S. Treasury Secretary. Call it the Geithner Exception. I'm for it. Before it fades from memory, Mr. Geithner's near-death experience deserves a closer look.

....Washington is falling to the level of a Web-based video game. Everyone is expendable. Treasury secretaries and presidential advisers are a dime a dozen. Put differently: The job-protected and gerrymandered lifers are driving out the competition. More often than not, Washington's worst people are destroying its better people....

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