Inmates running the asylum

At his news conference last night, Obama said he didn't want to describe the new bank bail-out plan, because that would steal Geithner's "Day in the Sun." Quite a Day in the Sun! His non-plan was met with laughter at a Congressional briefing, and with a 400-pt drop by the Dow. Geithner, recall, is the guy who couldn't figure out his own taxes, even with help from TurboTax. He doesn't look like a deer in the headlights, he looks like a deer that got run over trying to figure out what those lights were all about. Call it a mercy killing. Obama, Biden, Geithner, Pelosi, Reid: Is that a Murderer's Row, or what? See them soon in The Five Stooges, out soon on BluRay. It would have been Six, but Daschle did a crash and burn before he got the chance to design a comprehensive national health care program on the twelve bucks that will be left in the Treasury.

Does anyone else get the feeling that the hard-earned and long-accumulated wealth of the nation is being squandered by a pack of nit-wits? Here's an idea. Let's declare Washington a Clue-Free Zone, and send everybody home until this is over. You know, until the market gets people into living arrangements they can afford, gets mortgage writing back in the hands of local institutions that know what they're lending on and to whom, until tax cuts and low interest rates have their effect on investment and employment -- exotic stuff like that.

With these guys feverishly yanking the levers and pretending they know what they're doing, this can roll on until they've used up all the money and run out of countries to borrow from. Left to their own devices, this bunch is fully capable of producing another Depression, because they don't know that they don't know, yet are bound and determined to Do Something. What I'm going to do is Netflix Fred Astaire and Ginger Rogers in "Flying Down to Rio," and maybe convince myself that 1933 wasn't so bad, after all.

Byron

Via Instapundit: Geithner: From Indispensable to Indecipherable