Tuesday, November 25, 2008

The Economic Transition

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Yesterday, two guys shared a cup of coffee.

A few hours later, President-elect Obama formally announced his economic team, and sketched out his vision for the fix, and indicated details would be coming soon. The markets rose. Today, he will make another economic announcement at noon Eastern Time. We will have the transcript and video as soon as they are available.

I bring you this clip not for the ABC interpretation, but for the minute that those clueless, guilty-looking guys in expensive suits stood on the steps.

First: They REALLY look guilty.
Second: UNCOMFIRMED RUMOURS say that Paulson let Lehman fail out of personal animose for the owners.
Third: Both of those guys are going to be unemployed in 56 days.