I think Sen. Maria Cantwell is basically correct. Treasury Secretary Tim Geithner served a useful purpose in calming the financial markets, but he’s of no further use to us. He’s part of the culture that caused this economic mess and he isn’t willing to push hard enough to regulate his buddies. It was important to have someone in place who understood both Wall Street and the Treasury Department at the beginning of this administration when things were at risk of going catastrophically off the rails. Back then the issue was confidence and avoiding panic. That time is over. I hope Geithner is the first cabinet member to be replaced. And I hope they do it soon.
About The Author
BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
11 Comments
Recent Posts
- Day 14: Louisiana Senator Approvingly Compares Trump to Stalin
- Day 13: Elon Musk Flexes His Muscles
- Day 12: While Elon Musk Takes Over, We Podcast With Driftglass and Blue Gal
- Day 11: Harm of Fascist Regime’s Foreign Aid Freeze Comes Into View
- Day 10: The Fascist Regime Blames a Plane Crash on Nonwhite People
Premature – me thinks.
I think we need him as we re-design the Regulatory System to try and stop Wall Street from ever again having enough rope to hang the World.
However, thereafter – lets get the mote out of our eye.
A big 10 – 4 on that one.
The Republicans will block any nominee in Geithner’s place. We’re stuck with him.
By putting a hold on? So you are saying Democrats would be complicit in that?
They’ve let the GOP animals run the show from day one. Look at Maxie and health care.Look at Inhofe and his boycott of the climate bill. Look at all the nominated judges that don’t get anything. Dawn Johnsen still waits for her OLC post. All with Democratic complicity and weaksauce pleading for GOP acquiescence.
you are sooooo right! he should not have been chosen in the first place. now, as i watched him yesterday, afterwards, i was left with the single thought- why does he always appear to be looking out of one side of his face. he must have something that he is hiding.
i know- not quite scientific but, added to the fact that he was right in the mniddle of everything before he was tapped.
and i am so tired of hearing how bright he is. this group of thugs all need to be removed. don’t tell me that in all the world, these are the best and the brightest- bullshit!
Corzine’s not available, though maybe another Goldman CEO is not what you’re looking for.
🙂
My sole relief at Geithner being appointed Treasury Secretary was that he was not Larry Summers. Replacing him would do more than anything else to restore confidence in the Obama administration.
Geithner, Emanuel and Holder are all complete disasters.
Fredo should have never been confirmed.
Krugman would be a great choice. I know that he is an academic, but he is a really smart guy, and would push push push for more stimulus.