Take the Steering Wheel out of Geithner's Hands (Arianna Huffington)

by Arianna Huffington

Posted March 23, 2009 | 10:32 AM

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA. That's why every proposal he comes up with is déjà vu all over again -- a remixed variation on the same tried-and-failed let-the-bankers-work-it-out approach championed by his predecessor, Hank Paulson. Geithner's Masters of the Universe, the people he still thinks are the ones we should turn to to save the day, are the same people who brought us here. And that is why Geithner either needs to go or keep his job but have his authority stripped and transferred to someone who does not share his Wall Street Weltenschauung. Use any window dressing you want, just take the steering wheel out of Geithner's hands.


.....No wonder the public is not convinced when Geithner, having laid the groundwork that made the AIG bonuses possible, and having gotten Chris Dodd to include a bonus loophole in the stimulus bill, now acts shocked over the bonuses.

Geithner's feigned surprise at AIG has been a body blow to public confidence in the president. According to Sunday's Rassmussen poll, just 12 percent of those Rassmussen defines as "Populists" have a favorable opinion of Geithner while those Rassmussen identifies as "America's Political Class" have a 76 percent favorable opinion of him.

It was painful to watch Obama, just hours after Geithner had admitted his role in the Dodd/bonus loophole affair, go on Jay Leno and say that Geithner is doing an "outstanding job." Even before Frank Rich's Sunday column was titled "Has a 'Katrina Moment' Arrived?," Obama's assessment had more than a whiff of Bush telling Brownie he was "doing a heck of a job."

My dictionary defines outstanding as "excellent, exceptional, superior to others in the same category." So how could Obama say that and then, not a minute later, tell Leno that his administration plans to "open up separate credit lines outside of banks for small businesses" and "set up a securitized market for student loans and auto loans outside of the banking system" in order to "get credit flowing again"?

...more

www.huffingtonpost.com/arianna-huffington/geithner-unable-to-escape_b_178006.html


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Heckuva job, Timmy!

;)

;)

Did I leave anything out?

...except that she isn't.

her ex-husband was a millionaire. she is nowhere near being a billionaire.

quit spreading falsehoods about people you don't agree with.

thank you, keth

Mission Accomplished.

That being said, it is an ad hominem.

...unlike the snakes we have in the Treasury department.

Every time I listen to her I only pick up every third word she says.

I would talk to people from everywhere in the world and sometimes would talk to people who had English as a 2nd or even 3rd language and I really really really had to pay attention. So, I can follow her, but it's not easy. :)