Is Geithner’s Plan Another Give Away to Wall St?

By Ben Cohen

Robert Scheer is feeling the hangover of Geithner’s stimulus plan:

The Geithner speech betrayed the buildup

to it offered by President Obama in his press conference the day

before. I was such a sucker I found myself cheering at almost every

line, agreeing that Republicans acted with total irresponsibility in

opposing Obama’s plan to stimulate an economy that was wrecked on their

watch. But then came the hangover reality of Geithner’s talk. Instead

of the promised transparency we were treated to yet another “trust Big

Brother” hustle.

How wonderful that Geithner, who as head

of the New York Federal Reserve was in on the first wasted $350

billion, now promises a brand new Web site to help us taxpayers follow

the action. It means nothing, given that he specifically ruled out any

of the serious means of holding Wall Street accountable.

Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.