November 20, 2009
Treasury Secretary Tim Geithner is not a very bright man. He doesn’t seem to understand he was in someone else’s house and they’re not going to tolerate his mouthing off. Must say he has grown a spine since his confirmation hearings.
Joint Economic Committee of Congress
Rep Peter DeFazio (D-OR) thinks Geithner should step down, citing his poor handling of the AIG bailout.
Rep MICHAEL C BURGESS (R-TX):
I don’t think that you should be fired. I thought you should have never been hired.
Rep KEVIN BRADY (R-TX)
Conservatives agree that as point person, you failed. Liberals are growing in that consensus as well. Poll after poll shows Americans have lost confidence in this president’s ability to handle the economy. For the sake of our jobs, will you step down from your post?
GEITHNER:
I think almost nothing you said represents a fair and accurate perception of where this economy is today. If any measure of confidence in the financial system, it is substantially stronger today than when the president took office. We would have had a stronger fiscal position if we hadn’t had eight years of paying for our commitments — not borrowing against them.
Why is it barry people always say ‘it’s not our fault’? Democrats have been in control since 2006 but it’s all Bush’s fault. After 10 months, yes it is their fault and the polls back that up.
Rep BRADY:
At some point you have to take responsibility for your decisions.
GEITHNER:
I take responsibility for anything I am part of doing. What I can’t take responsibility for is the legacy of crisis–
Rep BRADY:
This is your budget, this is your bailout, this is your stimulus, this is your–
GEITHNER:
I take full responsibility for those with great honor--
Why does Geithner pretend he had no idea what was going on until he became Treasury Secretary? He was part of the problem as president of the NY Federal Reserve Bank. And he knew all about the bonuses.
WH statement in defense of Geithner:
Secretary Geithner has helped steer the American economy back from the brink, and is now leading the effort on financial reform. His focus today – and ours – is economic recovery and addressing the challenges the American people face everyday.
Tags: AIG, BAILOUT, CNBC, economy, FINANCIAL BAILOUT, government budget, Joint Economic Committee of Congress, Rep KEVIN BRADY, Rep MICHAEL C BURGESS, Rep Peter DeFazio, stimulus package, treasury secretary, unemployment
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