At Obama's Treasury Department, nobody's picking up the phone. Literally.
How could that be? Their work is done? They're taking very long lunches? They're on the course with Timmy's golfing buddies? They're at the track, pissing away a few more trillions of our money on the ponies? They've already pissed away all that can be pissed away, so they turned off the lights and went home? Buiter, FT:
[T]he UK government are busy organising next month’s G20 summit in London, and found that when they ring the US Treasury, either nobody answers the phone or they get put on hold and have to listen to Vivaldi’s Four Seasons for hours on end.
Should I laugh? Cry? Weep? Pound my head on the desk? Wait 'til he does something?
Please don't tell me it takes time to get people in place.
For one thing, the insiders had to have known Obama would win ever since Lehman blew up in September; that's plenty of time to work matters out with the Village.
For another, if Obama's not spending any political capital to get a Treasury team in place, what will he spend it on?
Leading to the question... If Obama's not spending any political capital on Treasury, doesn't that mean he must feel that whatever they're doing is jake with the angels?
NOTE Via Yves.