An Ol' Broad's Ramblings
Should Geithner Resign
Geithner feels pressure from left, right to resign
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.
Geithner should never have been approved! Period! However, we can’t go back in time to stop the approval, even though many of us did try back then. He’s been proven to be totally incompetent, and most definitely should resign.
“Secretary Geithner has helped steer the American economy back from the brink, and is now leading the effort on financial reform,” Jen Psaki, White House spokeswoman, told The Hill. “His focus today — and ours — is on economic recovery and addressing the challenges the American people face every day. We invite anyone with good ideas, whether they agree with us or not, to be a part of the productive effort toward a solution.”
If the focus is on economic recovery, why is everything this administration, with the aid of their minions in Congress, doing everything possible to actually DESTROY the economy?
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).
They call them ‘missteps’. I call them down right criminal. The theft and a complete waste of taxpayer money.
“For the sake of our jobs, will you step down from your post?” Brady asked, saying that Geithner and the administration’s economic policies have “failed.”
Geithner defended himself, saying that the steps taken last year at the height of the crisis were necessary and that the economy has improved.
On what planet are these people living? Because it sure can’t be the same one I’m on! The official gubmint unemployment numbers are at 10.2%. Actual unemployment is more like 17%. If people aren’t working, they aren’t buying. If they are buying, there’s no need for production. If there is no production, there is no need to hire.
Rep. Elijah Cummings (D-Md.) and six other House Democrats are seeking a comprehensive review of the Federal Reserve following Barofsky’s report.
But while Cummings has been critical of the Fed, he has not sought Geithner’s resignation.
“I’m glad you’re there,” Cummings said on Thursday. “I don’t know how many people could stand the pressure you’re dealing with.”
Yes, there is a great deal of pressure in such a position, I won’t dispute that at all. This is the guy who couldn’t handle the pressure of using Turbo Tax, so how is he suppose to manage the entire economy of a nation the size of the U.S.?
As one of the congresscritters told Lil Timmy, “I don’t think you should be fired, I think you NEVER should have been HIRED!!
Nope, he never should have….now would probably be a real good time to send him home, with copies of “Taxes for Dummies” and “Turbo Tax for Idiots”.