Perhaps Mr. Geithner needs assistance, however, and it is worth noting that right now, because it is so early in Mr. Obama’s term and offices haven’t been filled, Geithner really doesn’t have all the assistance he would need for full effectiveness. But there also are such people as special consultants, and so forth.
It doesn’t help much that Paul Krugman out there saying we have nothing to fear except total, nearly inevitable doom, rather than ‘fear itself’.
One horn of the dilemma is the possibility of incompetent leadership, the other is summary firing. The latter would be giving in to fear itself. Let us stay with the possibly not fully competent leadership and, fearing not our fear that we will fail, let us see if we can make the questionable system work.