Leading by appointment

Posted By Daniel W. Drezner Tuesday, November 25, 2008 - 5:44 PM Share

That's the title of my latest essay over at The National Interest Online, which discusses Tim Geithner and the rest of Obama's economic team. Go check it out. This is not the key paragraph, but it is the one I enjoyed writing the most:

[O]ne could forgive Geithner right now if his head swelled just a little bit. The Dow Jones Industrial Average shot up five hundred points on Friday as word of his appointment leaked. The Dow jumped close to another four hundred points yesterday after Obama officially introduced him. One has to wonder if, sometime this week, when Geithner’s wife asks him to do the dishes, he will be tempted to respond, “Have you caused the Dow to jump by more than ten percent? I didn’t think so!”