Posted on 11/20/2009 4:29:56 AM PST by opentalk
Treasury Secretary Timothy Geithner is coming under new pressure from conservative Republicans and liberal Democrats to resign.
Reps. Peter DeFazio (D-Ore.) and Kevin Brady (R-Texas) this week joined a small group of lawmakers publicly calling for Geithner to step down. Former Republican Rep. Rob Simmons, who is challenging Sen. Chris Dodd (D) for Senate in Connecticut, has made Geithner’s resignation a campaign issue.
Geithner was forced to defend himself Thursday at a public hearing on Capitol Hill during which he was pointedly asked by Brady to resign.
DeFazio emphasized that there are growing concerns about Geithner among “populist” House Democrats, who have always been cautious about the Treasury secretary.
The liberal Huffington Post ran an op-ed on Tuesday with this headline: “Geithner is ‘Obama’s Rumsfeld.’ ”
The White House stands firmly behind Geithner as the administration navigates the perilous debate over government bailouts for Wall Street and an economy wreaking havoc on Main Street.
Last month the unemployment rate hit a 26-year high of 10.2 percent, sending Democrats in search of new ways to bolster the economy and create jobs. It also comes as voters hear Wall Street banks announcing record bonuses.
..This week’s criticism was sparked by a report from Neil Barofsky, the special inspector general over the $700 billion bailout program. Barofsky concluded that officials at the Federal Reserve, including Geithner, who was head of the New York Fed, made a series of missteps in the bailout of American International Group (AIG).
(Excerpt) Read more at thehill.com ...
Geither needs to go. Replace him with Bill Ayers.
America needs more haters in charge of their lives.
He shouldn’t have been confirmed in the first place.
Thanks GOP spineless wimps.
Of course! It's hard to be more incompetent than the WH and Timmy.
Geitner knows better than anyone he better claw on to his job in this economy!
Timmy the Wunderkind works for Goldman Sachs where do these guys get off criticising him?
The replacement will just be another fascist. No hurry.
We were told he was the only person in America that could fix this recession.
Pray for America’s Freedom
I'm still waiting to use my new “Tax Cheat”, custom made rubber stamp on the Geithner Federal Reserve Notes when they are finally issued. It's beginning to look like those bills won't be printed and my $20.00 investment is down the drain.
Geithner looks like a prime candidate for the next verse in “Under my Bus” (tune of Rolling Stones’ “Under my Thumb”).
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