I suspected last week, when Treasury Secretary Tim Geithner, rolled out his incomplete bank bailout plan that he did so because it was on the schedule and nothing was going to move it. Today’s much lauded piece in the Washington Post confirmed my suspicion. I spoke with a former Clinton Treasury official who was amazed that the Geithner thing got dumped just at the time when Obama could have been taking a victory lap for getting the stimulus deal all but closed. (This was before the Judd Gregg withdrawal but that’s another matter.)
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=145879