Saturday morning I read an article from the front page of the Chicago Tribune. It was titled “Markets soar on Treasury choice.” The article discussed how Obama’s selection of Timothy Geithner for his treasury secretary solidifies his economic team. Geithner has extensive experience with the Treasury Department and has been active in the current administration in trying to sort out the economic crisis. Also, the article mentioned the affect of his selection on the financial markets.
“Word of Geithner’s appointment Friday afternoon sent the Dow Jones industrial rocketing up. It closed up 494 points, or 6.5 percent, erasing Thursday’s drop of nearly 450 points.”
It is interesting that one choice of a cabinet member can change the markets that drastically. The hope is it will sustain an affect, but only time will tell.
What do you think will happen? Do you think Timothy Geithner was a good choice for Obama’s Cabinet?
“Word of Geithner’s appointment Friday afternoon sent the Dow Jones industrial rocketing up. It closed up 494 points, or 6.5 percent, erasing Thursday’s drop of nearly 450 points.”
It is interesting that one choice of a cabinet member can change the markets that drastically. The hope is it will sustain an affect, but only time will tell.
What do you think will happen? Do you think Timothy Geithner was a good choice for Obama’s Cabinet?
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