A Democratic senator on Tuesday accused President-elect Obama's incoming director of the Office of Management and Budget of talking "mumbo jumbo" instead of offering hard details on the economy.

"I would think that in this era of freshness and transparency the new administration would want to come forth with detail instead of this mumbo jumbo that is going on," said Sen. Bill Nelson (D-Fla.), a member of the Senate Budget Committee, during Peter Orszag's confirmation hearing.
 
Orszag had little to say during Tuesday's hearing on how the incoming administration would spend the second half of the $700 billion financial rescue package, known as the Troubled Asset Relief Program (TARP), or specifics regarding the economic stimulus package being drafted.
 
"We'll have much more to say in mid-to-late February when the economic and budget overview is released," Orszag told the panel.
 
Nelson went even further, blasting Obama's senior economic adviser, Lawrence Summers, for also failing to divulge the administration's plans during a meeting over the weekend with Democrats.

"The discussion on Sunday was devoid of details with Mr. Summers. When are we going to get those details?" said Nelson.
 
Budget Chairman Kent Conrad (D-N.D.) halted the testy exchange by noting that Summers had sent the committee a letter outlining how the Obama administration would spend TARP funds differently than the Bush administration...

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