Geithner Pledges Detailed Plan for Third Month in a Row?

While the Obama team and Secretary of Treasury Timothy Geithner have been very short on detailed plans they have been very thorough in ‘promising’ detailed plan almost every month.

Geithner was one of President Obama’s first nominees to get pushed through the pipeline after Obama himself took office in January.  Geithner and Obama were both very quick to promise detailed plans to instill confidence in Americans, the economy and the world.  They then promptly started to demonstrate that they had no such detailed plan to share.

Communications 101 teaches students to

  1. Tell the audience what you will tell them
  2. Tell them
  3. Tell them what you told them.

The Obama Administration which seemed almost super human at communications before the election seems to have been infected with the same communications virus that plagued George W Bush, and it shows in their approach of:

  1. Tell the audience what you will tell them
  2. Don’t Tell them; watch things get worse
  3. Tell the audience that you will tell them in two weeks
  4. Don’t Tell them; watch things get worse
  5. Tell the audience that you will tell them in two weeks
  6. . . . .  ??????  Who knows what they will tell us next?

It is pretty obvious why consumer sentiment, investor sentiment and job approval numbers for Obama and Geithner are all dropping.  (People still like Obama, but don’t think he is doing well, which is also very similar to the effect that Bush had on America at one time.)

So when we are told that Geithner will once again tell us in a couple weeks about a detailed plan, I’m skeptical.  In fact, I’d suggest that if he does not provide a ‘real’ detailed plan in two weeks that he should be removed from office.  We do not have time for ineffective people to pander to us.

U.S. officials have pledged to push forward with a revamping of the rules governing the financial system as a necessary complement to emergency efforts to prop up the financial sector and pull the economy out of a deep recession. Geithner said he planned to roll out "a set of relatively detailed concrete proposals" on regulatory reform prior to testifying on the issue before a House of Representatives panel on March 26.

Geithner: Rules revamp needed to shield economy | Special Coverage | Reuters

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