Czar Geithner

It appears that Secretary Geithner is of the opinion that he is more qualified than anyone to control the country's recovery during the current financial crisis. He feels the Treasury Department should have unlimited power in "guiding" non-bank financial institutions, such as AIG and Morgan-Stanley. He seems to be of the opinion that if Treasury had that power last September, none of the current miss would have occur, at least not to the current degree.

Rather bold statement. Even though I am not thrilled with the practices of AIG, Morgan-Stanley and the rest, and I most certainly believe there need to be stronger rules and regulation in place, the idea of allowing the Treasury Secretary all of the power Geithner wants is a little frightening. After all, this is a guy who couldn't remember to pay his taxes.

Do we really want to give him the potential power to go take over companies and destroy lives, if he thinks there is a threat? What controls will be place over the Treasury Department to keep them from becoming the Gestapo?

Perhaps we will learn more tonight when President Obama addresses the nation.

Limited control and responsibility is good, absolute control leads to too much power in too few hands.

We will have to keep a careful eye on the Administration.

Its Common Sense!