Charlie Rose

lulu35  04/07/2009 05:55 AM Report

Who does Rose think he is fooling with this silly interview, never once mentioning that the reason everyone thought that the Obama administration by February would have had a working plan to deal with the banks is that Tim Geithner had been watching over these banks for the last 5 years, (obviously not doing a great job of it) as the New York fed Chairman supposedly giving him insider knowledge of what the problems were, also he had been involved in every major decision with Hank Paulson for the last year and half, from being the architect of the AIG deal, to being in the room when they decided to fold some banks and save others. What really disappointed most was that instead of using Obama's political capital to deal with the unpopular decision to use more tax payer money for banks in his first weeks when the public and congress had such good-will towards the new administration, they instead used it to pass a non stimulus bill that was just a 30 year wish list of the democratic parties priorities and election pay back to their supporters, alienating republicans and passing such a badly planned bill with less then 14% of the money is even allocated for this fiscal year, that's why they are already talking about another stimulus bill. What was funny about this interview is watching these two guys pretend that the new bosses are not the same as the old bosses, even in the previous interview, the liberal economist Paul Krugman basically said that Geithner's plan is just a fancier version of the Paulson plan before Paulson dumped it and since they had 6 months to tweak with the October Paulson plan I would a least hope they could be smart enough to add some bells and whistles. And were did Rose get these two ' investment " people they just sounded like shills for the Obama administration, with one even saying that in 2007 the Bush administration should have dealt with all these massive problems, you know a decades worth of economic problems before they can to head, because governments are known to deal with problems or are even capable before they are forced too, even now 2 years later and trillions of dollars later we still don't what to deal with the problems, that's why we are getting the Obama smoke and mirror plan.

doodahdaze  03/28/2009 10:35 AM Report

In God we Trust...

In the "keepers" of the Flame, we Must.?.?.?... Moving forward that is.

Looking backwards though, the "guilty" "are in the details".

For example, I remember reading a year ago in the paper, that Paulson, Bernanke, AND Geithner were "eating" lunch together at least once a week (they knew what was coming; to say that they didn't, is being disingenuous). That's just the tip of the iceberg; underneath the (financial-services) surface, is a conspiracy story to end all others.

doodahdaze  03/28/2009 10:12 AM Report

In God we Trust...

In the "keepers" of the Flame, we Must.?.?.?

CanScot89  03/26/2009 12:05 PM Report

a non idealogical conversation on the economy, a first.

theoatwa  03/26/2009 03:27 AM Report

this was a brilliant segment of the show. it actually had novel insights that shed light into the matter, offering the right level of historical context, microanalysis, critique and balanced analysis. i also thought they did a great job contrasting the previous panel and krugman (of whom i follow but frankly in this case, i'm not sure if he's clear or sure of his conclusions himself).

anyway, it was great report between the two guests, and i'd love to have them on again. this was some great real-world insights that was well thought out and incisive.

Irving  03/25/2009 02:42 AM Report

This interview answered some questions I certainly hadn't formulated yet about the recession and the Stimulus Plan.

Some of the smart guys working for President Obama should hire someone to make cartoons (like a WWII-era training films) about how this is working. I think that if President Obama could take things down a few notches and explain what's going on, critics would have to put up or shut up.

It's ingenious, really, how like a doctor trying out different medicines, they can run tests to see what will free up credit, or try some new way to deal with tons of bad debt. People begin to understand what's going on... they lose their fear.

I think it's important that the surgeon be given the greatest reasonable license to operate using his best judgment.

One of the major points to be taken from this conversation is that the President's team is acting scientifically, doing their best not to commit to anything other than what actually works. I found it reassuring to learn that there are all sorts of accountability. Investors, for example, are not going to recoup their losses at all, let alone at taxpayers' expense. They took the risk; they lost.

I just have to say that the "populist revolt" is a sham. In the degree to which it is not mere sham it is sadly misrepresented. Some people certainly are susceptible to political marketing. Even considering the infusion in "conservative" broadcasting with which America is kept inebriated, the majority of the people in this country support President Obama passionately. We want him to act boldly and we wish congress did what he wanted congress to do. We resent what is not even disguised as anything but a positive program on the part of the press to “get tough on Obama”.

Someone hope he fails? You won't wear that t-shirt in my house.

I already put the Obama bumper stickers back on our cars. Do we have to break out into spontaneous public demonstrations?

IRISH  03/24/2009 06:33 PM Report

Truly excellent interview of the real and micro aspects of the Geithner plan. Provide excellent perspective on the political and economic process underway.