The Hill News

Jim O’Neill is a smart fella. The head of Goldman Sachs’s Asset Management division has made the company and investors hundreds of millions through his savvy predictions of market movement through the years. Now his colleagues are hoping O’Neill can do what no politician or Fed chairman has been able to in recent months â€" successfully call the end of this numbing recession.
 
That’s a tall order, especially given what’s been tried in recent months. The stimulus all but failed us, and piled on further debt. Bank bailouts only seemed to help the banks â€" as the financial institutions are hoarding their cash in hopes of brighter outlooks. It seems there is plenty of pent-up horsepower ready to unleash on this economy, but no one entity seems willing to take the first step.

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