Friday, October 10, 2008

Exactly the problem

Do you know who Neel T. Kashkari is? You shouldn't unless you are deeply involved with the treasury department and have literally nothing better to do with your life. Mr. Kashkari has been Hank Paulson's special aide within the treasury for the past two years, and before that they were both involved with the investment firm Goldman Sachs. Kashkari has only been involved with the investing world for 6 years, but has been given the job of administering the $700 billion bailout plan.

This is exactly what is wrong with the U.S. economy. All that bull every politician spouts on and on about getting rid of the "good 'ole boys" system should be screaming at this appointment. Paulson could have tapped literally any investment banker, broker, economics guru to do this job, but instead he picked an aide whom he had only met 2 years ago. Simply giving this job to someone that is from the same economic fraternity as you is unexceptable Mr. Paulson. There were so many individuals that were considered candidates by the media and the general public, but instead we have a 35-year old with only 6 years experience.

Now I could be wrong. It is quite possible that Mr. Kashkari is just the man to take on this enormous responsibility and help rescue the U.S. economy. I don't know the man, but I know one thing...he isn't what the American people want to hear, but should be used to with this atrocious adminstration.

Just like every other blunder made by the current administration, there is no effort made to sell this decision to the public and to convince us that this is the right choice. The war in Iraq, the Patriot Act, response to Katrina, and not this...all of these were acted upon and weren't sold to the public as being the "right" choice. Previous presidents and administrations have been excellent making crucial decisions, and more importantly selling them to the American public.

Mr. Kashkari you may very well be a great choice for this position, but psychologically you are the exact problem with the current economic system and crisis. My thoughts are with you simply because if you do screw up, it means not just hell for you, but hell for all of us.

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