In the movie, Cool Hand Luke, Luke, played by Paul Newman, wins a poker hand with weak cards by bluffing. When confronted he says, “Sometimes nothin’ can be a real cool hand” which earned him his moniker. Fast forward to Tim Geithner. He presented his financial recovery plan – long on rhetoric, but short (really absent) on details. The stock market responded by dropping about 4% on his remarks. In this case, bringing nothin’ to the table turned out to be very uncool. Secretary Geithner has been in the middle of this crisis since it started. If he doesn’t know how to help the country out of this financial situation, that’s bad news. And if he is just suffering from a “failure to communicate” that’s not so great either.
No comments:
Post a Comment