Posted on 08/19/2010 5:01:26 PM PDT by lbryce
Timothy F. Geithner has been misidentified as a former Wall Street insider from Goldman Sachs so many times since he became the Treasury secretary that he and his advisers had taken to joking about it. Then the joke backfired.
Earlier this month, Mr. Geithner had breakfast in Manhattan with Mayor Michael R. Bloomberg and Robert Steel, a deputy mayor and former Treasury official in the Bush administration who had previously worked at Goldman. Facetiously, a Geithner aide said Mr. Steel and Mr. Geithner knew each other from the investment bank.
Later that day at a public event, the mayor in all seriousness referred to Mr. Steel and Mr. Geithner, and added, “They both worked at Goldman.”
Oops.
Just as the Geithner aide’s humor fell flat, likewise newspaper corrections, Mr. Geithner’s objections to TV news interviewers and his staff’s work to spread the boss’s résumé have failed to dispel the belief that Mr. Geithner is a former Wall Street banker, or more specifically, a Goldman guy.
That perception over the last 20 months has united liberal and conservative critics but reflects a broader antagonism against the government bailouts for which Mr. Geithner has been a frontline architect. With many Americans viewing those policies as benefiting only Wall Street, its rich chief executives and Goldman in particular, the belief that Mr. Geithner came from the firm — as his predecessor in the Bush administration did — has easily taken root, further undermining support for those policies.
So perhaps it is good for the Geithner image that he is President Obama’s point man in opposing the extension of the Bush tax cuts for the wealthy after their Dec. 31 expiration. White House aides at times have urged Mr. Geithner to take more populist stands and he has balked — on capping executive pay,
(Excerpt) Read more at nytimes.com ...
Funny how they both don't want to be associated with each other. How times have changed. Goldman Sachs on your resume is now a liability.
I read a story in November 2009 in the aftermath of Bear-Stearns, Lehman Bros. meltdown the report of which had Geithner arrange a secret meeting in New York with the country's top financial institutions, including of course Goldman Sachs, the purpose, objective of the meeting never revealed.
Geithner oozes with scummyness. Let's not forget the taxes he seemed to forget having nearly cost him the Cabinet position, then there's the Bailout, more. Folks can't help make the association between the two.
Has anyone pointed out that the tax rate for the lowest class will rise from 10 to 15 percent if these "tax cuts for the wealthy" expire?
Taxes are for the little people.
This article is factually incorrect, he has worked in the government for many years.
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