Should he stay or should he go?

Mommy lost her cool at a Joint Economic Committee hearing last week and Kevin A. Hassett says this is an indication she should go. After Giethner deflected criticism of his performance so far by saying that the present administration inherited an economy falling off a cliff Hassett provides this gem in his article.

"It is an iron law of Washington that policy makers lose their cool when they are on shaky ground in terms of substance. Geithner must know in his heart that he, far more than Brady or Burgess, is responsible for the financial crisis. That's why minor political theater sets him off.

Look at the facts. Geithner was president of the Federal Reserve Bank of New York for the five years leading up to the financial crisis. The crisis occurred, in part, because Wall Street firms spun out of control. The New York Fed is the cop charged with patrolling Wall Street, the eyes and ears of the financial regulatory system. It fundamentally failed on his watch."

Read the whole thing.