New plan is no plan…

Our new tax cheat-in-chief,  I mean Treasury Secretary, trotted out his plan today.  The basic outline is here.

But  Geithner had no specifics.    There is no plan.    And the kicker is that he said:

'WE ARE NOT GOING TO PUT OUT DETAILS, UNTIL WE GET IT RIGHT'...

Yet Obama and the Democrats have been Chicken Littles in forecasting the end of the world if the stimulus bill isn’t passed.

Of course,  the stimulus has been passed out of the Senate and is now on to the  conference committee.    If the need is to urgent, why isn’t Speaker Pelosi simply taking the Senate bill straight to the floor for a vote?     You know the answer.

And the market,  upon realizing the emperor has no clothes,  is down 400 points.