Belmont Club

By Richard Fernandez

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Here I come to save the day

February 7, 2009 - 3:10 pm - by Richard Fernandez
Doug
2009-02-09 05:25:58

Slumdogs Unite!
(Frank Rich!)
Even before the revelation of his tax delinquency, the new Treasury secretary was a dubious choice to make this pitch. Geithner was present at the creation of the first, ineffectual and opaque bank bailout — TARP, today the most radioactive acronym in American politics.

Now the double standard that allowed him to wriggle out of his tax mess is a metaphor for the double standard of the policy he must sell:
Most “ordinary Americans” still don’t understand why banks got billions while nothing was done (and still isn’t being done) to bail out those who lost their homes, jobs and retirement savings.