Barry SCHWARTZ (Barijo ŜVARC) (chemoelectric) wrote,

The dilemma

If Barack Obama were to ask for or accept Timothy Geithner’s resignation, he would reinforce the very type of quick-results thinking that has helped create our general, overall mess in this country and in the world. A person would be afraid to do the slow and steady, due to the getting-fired this would cause. Yet this firing is exactly what many critics who complain about short-term thinking in a long-term mess are calling for.

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.

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