Diary

Is Geithner Fighting for His Job?

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.