One can hope, but this market enthusiasm for him most likely will not last once his policies start becoming law.
America has to stop being addicted to short-term fixes and at least look at reality before partying.
From CNN:
Stocks surge on Treasury chief talk
By Alexandra Twin
CNNMoney.com
November 21, 2008
Stocks rallied Friday, with the Dow industrials bouncing as much as 550 points, after reports surfaced that President-elect Barack Obama will nominate New York Federal Bank president Timothy Geithner as his new Treasury Secretary.
Here is the Wikipedia article: Timothy F. Geithner
Timothy Franz Geithner (last name pronounced /ˈgaɪtnər/; born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC).
Personal life
Geithner was born in Brooklyn, New York City, to Mr. and Mrs. Peter F. Geithner of Larchmont, New York. He completed high school at International School Bangkok, Thailand, and then attended Dartmouth College, graduating with a B.A. in government and Asian studies in 1983. After, he obtained an M.A. in International Economics and East Asian Studies from Johns Hopkins University's School of Advanced International Studies in 1985. He has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan.
He is married to Carole M. Sonenfeld, a Dartmouth classmate, and with her has two children, Elise and Benjamin. In spare time he fly-fishes, plays tennis and surfs.
Career
After completing his studies, Geithner worked for Kissinger and Associates in Washington, DC, for three years and then joined the International Affairs division of the US Treasury Department in 1988.
In 1999 he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.
In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003. In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.
On November 21, 2008, it was reported that President-elect Barack Obama had decided to nominate Geithner for the position of Treasury Secretary.
