Posted on 03/18/2009 11:17:50 AM PDT by CrystalD
Wednesday, March 18, 2009
Florida Republican Rep. Connie Mack called for Treasury Sec. Tim Geithner to lose his job Wednesday, becoming the first Capitol Hill lawmakers to call for his ouster over AIG's using tens of millions of taxpayer dollars for executive bonuses.
"Quite simply, the Timothy Geithner experience has been a disaster. The Treasury Department is in disarray. Taxpayer dollars are being wasted. America's economy hangs in the balance. America needs and deserves a treasury secretary who can truly lead us forward," Mack said in a written statement.
He called on Geithner, the former New York Federal Reserve chief, either to resign or be fired, and said President Obama should nominate a new secretary with "the experience and leadership skills America deserves."
White House Press Secretary Robert Gibbs said Tuesday that Obama has "complete confidence" in Geithner, as lawmakers began to question why the Treasury Department didn't do more to prevent American International Group from paying $165 million in bonuses even after receiving more than $170 billion in federal bailout money.
Though the administration claims Geithner found out about the bonuses only last Tuesday, Mack suggested he was more involved.
"Before Timothy Geithner became secretary of the Treasury, he was working hand-in-hand with AIG and other financial institutions to provide them hundreds of billions of dollars of taxpayer money as one of the key architects of the financial sector bailout," he said. "I've had serious concerns about Secretary Geithner from the moment he was nominated. In the months since, he has shown us time and again why he was the wrong choice for this critical post."
Geithner faced criticism during his nomination over personal tax problems but ultimately won confirmation.
(Excerpt) Read more at foxnews.com ...
Just read where Fannie & Freddie execs are getting “Rentention Bonuses” as well!
Here, here. That’s more like it!
“the Timothy Geithner experience has been a disaster”....
A mere sideshow to the Obama disaster.....
This could be fun. Where’s the popcorn animation?
Timmy, where’s Lassie when you need her?
So now Republicans are criticizing a corporation’s execution of their responsibilities under valid employment contracts?
Nuts.
sent connie mack an email today urging him to keep the pressure on. also to vote against any bill that comes to the house floor requiring men and women in the armed forces to pay for thier health care services.
Why not clean out the White House while we are at it? They are as complicit in this as any. And Bawney. Let’s toss the entire bunch of them under the bus and stop the bleeding.
And why would a tax cheat care about taxpayer dollars being wasted?
And we don’t need a teleprompter to say it!
This is a diversion to take attention away from Dodd's and Geithner's incompetance. It is also an effort to attack capitalism by taking down the bonus system for corporate execs.
Glad to see Cong Mack’s comments. Needs to be a drumbeat to dump the lowlife tax cheater that never should have been confirmed.
you want to reward those that succeed but you don’t want to reward those that failed. And AIG failed.
Goodness, one of my congress critters from Florida grew a set of nads?
Hard to believe.
About time.
You wouldn’t want to lose professionals like them would ya now?
Can we now look at the #2 guy? (funny how you never have time to do it right but you always have time to do it over).
Let’s clear out all the Dims that wrote the Stimulus and the one that signed it into law as well.
Did Mack vote for or against the Stimulus bill?
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