This is Spinal TARP

While it doesn’t look good for President Obama to have cabinet nominees backing out on him, I suppose it’s better than having them take the job half-heartedly. In withdrawing as the nominee for Commerce Secretary, Republican Senator Judd Gregg said he was a little too conservative to play for the Obama team. Thankfully, none of these nominees was involved in a bizarre gardening accident or spontaneously combusted, a la the string of drummers for Spinal Tap. But Paul Kedrosky points out the eerie similarities in his financial blog, Infectious Greed.