the interregnum or questioning his own policies in their effect

the interregnum or questioning his own policies in their effect on public confidence. Hoover knew that the voters had rejected him and felt Top 3000 that all energy V-Checker V602 now belonged to his more popular successor; therefore, he never considered vigorous action on his own to counteract the economic slide.
Somehow I don t think things will be nearly as bad this time, in part because President Bush has already outsourced economic and financial policymaking to the trio of Hank Paulson, Ben Bernanke and Sheila Bair meaning that we re unlikely to get the sort of outgoing-president/incoming-president standoff that paralyzed Hoover and FDR. Paulson, while certainly controversial in his own right, is not closely associated with the economic policies of the current administration and seems more than willing to do whatever he thinks he needs to do and make deals with whomever he thinks he needs to make deals with. He s also spent a good amount of time on the phone with Obama over the past month or so meaning that they already have a working relationship. Bernanke and Bair, while Bush appointees, aren t part of the administration, and will continue to serve under President Obama. Bernanke won t be up for reappointment as Fed chairman until January 2010; Bair s term doesn t run out until mid-2011.
Meanwhile, the president-elect seems to be on pace to choose his whole cabinet within a couple of weeks. One of the likeliest candidates for Treasury Secretary is a guy, New York Fed President Tim Geithner, whom I could have listed above as a member of the team that Bush has outsourced economic and financial policymaking to (but chose not to because I wanted to save him for this paragraph). Bair too has been mentioned as a possible Treasury choice.
I think part of what s going on here is that, at least when it comes to crisis-fighting, there is not a huge partisan divide over what should be done. Then again, that was at least partly true by the latter days of the Hoover administration: The bank rescue plan that FDR implemented in the first