One week before the midterm elections in 2006, George W. Bush publicly said he would stand by Donald Rumsfeld. The day after the election, Donald Rumsfeld was out the door. The President, Republicans, and virtually everyone else blamed the war for the GOP midterm disaster. Rumsfeld was the head that rolled. The day after the election. Tim Geithner’s head remains in Washington. Why? The President | Read More »
This is just disgusting. According to CongressDaily, Tim Geithner testified before “a joint House Agriculture and Financial Services hearing on the regulation of derivatives.” Noting the rising unemployment, Geithner said what the economy “is going through is a very necessary and healthy adjustment as [Americans] go back to living within their means.” He added: “We do not have an economy that is growing again.” It’s | Read More »
That is the implication from his testimony today. Mr. Geithner faced some uncomfortable questions over why he failed to pay more than $34,000 in Social Security and Medicare taxes over several years while working at the International Monetary Fund. Sen. Jon Kyl (R., Ariz.) called it “incomprehensible” that Mr. Geithner didn’t realize he needed to pay employment taxes. He also questioned why Mr. Geithner took | Read More »
Senator Orrin Hatch is up for re-election in 2010. Before the 2008 election, I spoke to him and he was in a combative mood. At the time he was unwilling to give the Democrats a free pass. Since then, Senator Hatch has expressed his love of Barack Obama and announced he would vote both for Eric Holder as Attorney General and Tim Geithner as Secretary | Read More »
Barack Obama, like George W. Bush before him, is starting off with loyalty as a fault. Continuing to stand behind Timothy Geithner for Treasury Secretary is not a change we can believe in. It’s the same old politics of one set of rules for the Joe the Plumbers of the world and a second set for the privileged, well-connected nomenklatura. Geithner is allegedly a brilliant | Read More »
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