Tim Geithner is heading to the Hill this evening to brief House Democrats on the administration’s bank rescue plans. This report seems to come rather suddenly; you can’t help but wonder why it’s suddenly important for Geithner to come to the Hill on just a few hours notice:
U.S. Treasury Secretary Timothy Geithner will brief Democratic members of the U.S. House of Representatives on Monday night on efforts to stabilize the financial sector, party aides said.
The aides said Geithner will confer behind closed doors with House Democrats at their weekly policy meeting on Capitol Hill at 7 p.m. (2300 GMT).
Geithner ‘will be discussing a range of issues, including the economy, banking and other financial matters,’ one aide said.
Another aide said the discussions would cover the regulatory ‘stress tests’ the nation’s largest banks are undergoing. Officials have said those tests will determine how much more capital the government may need to pump into banks.
The bloom is clearly off the rose when it comes to the indispensable tax cheat. The stock market is in full collapse, and even the Associated Press is starting to consider that it might be Obama’s fault. The President now says that economic growth might not return this year — even though that was the expectation when Obama took office. And now the liberal base seems to be joining in on the calls for Obama’s job. Even the New York Times is starting to ponder whether he’s in over his head — another sentiment echoed in the Leftosphere.
Geithner better pull off a virtuoso performance tonight. If he underwhelms, the whispered questions about whether he’s up for the job will suddenly get a lot louder.
Moe Lane
Steve Maley
Dan McLaughlin
Neil Stevens
Daniel Horowitz
Just Curious; does Geithner have a vote in Congress?
Marcus_Traianus (Diary) Monday, March 9th at 2:32PM EST (link)Seems to me, there is plenty of blame to go around, should that be the game we are playing. What about Larry Summers or cripes, Congress. What is the common thread? Appears to be Obama- he is President, right?
We have run away government spending to which Obama has said, repeatedly and forcefully, we need. Was that Geithner? Let me check- nope. Obama and Summers have repeatedly endorsed continued bailouts including the auto industry, unions, et al. Was that Geithner by himself- nope. One tax cheat is not an island or village for that matter. Now Obama wants to destroy the private sector health industry. I don’t believe Geithner gets a vote on that- does he?
Seems to me Obama will eventually run out of scapegoats. I wonder if he will fire himself, Nancy and Harry?
“Both of our political parties, at least the honest portion of them, agree conscientiously in the same object—the public good; but they differ essentially in what they deem the means of promoting that good. One side believes it best done by one composition of the governing powers; the other, by a different one. One fears most the ignorance of the people; the other, the selfishness of rulers independent of them. Which is right, time and experience will prove.”.Thomas Jefferson
Geithner can't do diddly squat
Scope (Diary) Tuesday, March 10th at 6:10AM EST (link)His strings are definately being pulled by Obama. If Geithner and/or Bernake had any sound ideas to get the economy rolling again, it would not fit the framework of Obamas Socialistic/Unrealistic goals. Obama is telling him, this is what I want to accomplish, now you go figure out how to make my plan work, which is in direct opposition to the growth of the economy. I think that is more so the reason for Geithner not being able to get anyone hired to the 17 positions available under him. They are required to accomplish the impossible. I seriously doubt that it has to do with vetting. It’s like Obama telling him to figure out how to fit a bushel of apples into a quart sized basket, it can’t be done. Yes, Geithner is nothing more than a scapegoat. Once he’s gone, and it will be soon, lets hope he starts talking to the media.
It is about time...
franklinslocke Monday, March 9th at 3:28PM EST (link)It is about time the MSM stops carrying the water for this guy. The economy is tanking because the lack of leadership from the government, the lack any plan or new rules of the road for the economy, and for the government sending the wrong messages that businesses and investors do not like. Obama has done all of this and it is about time the media starts explaining this. Bush has been gone for 6 weeks and the Republicans have not ran Congress for 2 years. You cannot blame anyone for the Dow tanking in the last month and the loss of TRILLONS of dollars on no one but Obama.
http://franklinslocke.blogspot.com/
Great...
jcheney Monday, March 9th at 3:58PM EST (link)….now both Obama and Geithner are in over their heads. Geithner can’t hire anyone because they either can’t pass the vetting or don’t want the public scrutiny.
Someone put the brakes on here and stick with one item at a time. Get the stinking economy fixed and forget about global warming, socialized medicine, and potholes.
BTW, did you hear that the guy who called Geithner a tax cheat, has a blog and invented the “tax cheat” stamp for paper currency, has just gotten a letter from the IRS that he is being audited?