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Dump Geithner?

by: Foiled Goil

Is there an echo in here? I could have sworn I've heard *somebody* say this before now. Like maybe eleventy hundred times, or so.

House Dem: 'Growing' liberal consensus to dump Geithner:
A Congressional Progressive Caucus (CPC) member said there's "growing consensus" among liberals that Treasury Secretary Timothy Geithner should step down.

Rep. Peter DeFazio (D-Ore.) said Wednesday that he and other liberal House members are becoming increasingly tired of Obama administration economic policies that they say are too focused on maintaining the stability of Wall Street firms and largely ignore "Main Street."

"A growing consensus in the caucus [believe that Geithner should be removed]," DeFazio said on MSNBC this evening, adding that some lawmakers are "considering questions regarding him and other economic advisers."

At two minutes into the The Ed Show video, below:

Ed Schultz: Should he stay in his job, Congressman?

Peter DeFazio: No.

Ed Schultz: You think Tim Geithner should be gone as Treasury Secretary?

Peter DeFazio: I do.

Goldman apologizes, vows to make amends

Nov. 18: Goldman Sachs apologized Wednesday for making some bad financial decisions and vowed to invest $500 million to help out small businesses. Rep. Peter DeFazio, D-Ore., discusses. [ 4:27 ]





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2 comments:

Good afternoon, Foiled Goil.

I have no idea who among us here at Big Brass Blog would have been sounding a clarion call condemning Timothy Geithner.

Oh, wait a minute. I did that:

July 1, 2009
Righteous Wrath of an Analyst Who Got It Right
"Beyond Geithner's intimate involvement in the utterly irresponsible monetary policy regime that allowed M3 to grow out of control, because the Reserve Banks are in charge of supervising all member banks of the Federal Reserve system in their respective districts, the Empire Bank was the regulatory point where control of the banks in New York was supposed to take place, and yet New York was the virtual epicenter of the "financial meltdown." This happened when Geithner was the President of the Reserve Bank that was supposed to have had an iron fist of regulatory control over those very banks. And the claim that the Reserve Banks do not have regulatory authority over some of the financial institutions that got in trouble is sheer nonsense: after Glass-Steagall was all but thrown in the trash a decade ago, the financial sector dispensed with all pretense that there was a wall separating banking from all manner of other financial services, yet the Fed could do nothing to regulate this integrated financial services industry? Sure. Right.

Did Geithner get fired?

Did Geithner go to prison?

Did Geithner get publicly humiliated and driven into the wilderness?

No, President Barack Obama appointed him Secretary of the Treasury of the United States of America."


June 6, 2009
Hope? Sure. Change? Meh.
"In matters ranging from his fight to prevent release of detainee abuse photos to his penchant for appointing indisputably incompetent insiders like former New York Fed Bank President Timothy Geithner as Treasury Secretary, Mr. Obama has displayed a willingness to play by the rules of the Beltway establishment many who voted for him specifically and earnestly expected him to vanquish."


January 19, 2009
Mr. Obama, You Are an Authoritarian
"You are not an imbecile; you ought to know better. Take a hard look at your cabal about whom I have already written and warned: Zionist thug Rahm Emanuel; paramilitary law enforcement enabler Eric Holder; AIPAC and Project for the New American Century maven Dennis Ross; Chicago slumlord Valerie Jarrett; Israeli military violence apologist Joseph "I Am a Zionist!" Biden; agri-business shill Tom Vilsack; war management flop Robert Gates; and Federal Reserve Open Market Committee bagman Timothy Geithner, to name just a few. And let us not forget your comfort level with a couple of the worst of the Bush people serving as holdovers: that wrecking ball of privacy rights, Robert Mueller, from whom you could demand resignation (oh, yes you could), and monetary policy failure Ben Bernanke, whose tenure you could repudiate for his staggering mismanagement and malfeasance (thereby eviscerating him and the other Fed Governors of any backing to proceed with yet another round of catastrophically bad, "accommodative" monetary policy). You even plan to corporatize and militarize NASA."


Okay, that's enough. I have more links to articles I've written ripping into Geithner if anyone is interested in finding out how out-of-date and out-of-touch the mainstream commentary of the Institutionally Rightful actually is. There's also the ranting I've done on my Internet talk radio show about Geithner, who ranks right up there in my esteem with that disgrace from Chicago, Arne Duncan, that failure Obama re-appointed to the Fed, Ben Bernanke, that violent little wretch, Rahm Emanuel, that slumlord legal adviser of his, Valerie Jarrett, that...

Wait. It sounds like I'm listing everyone in the Obama Administration.

I don't want people to think everyone around the President is a toad. His dog is cool. Ditto for his kids (from what I can tell). So is one (and only one) of his economic advisers, Paul Volker.

I should knock it off, now.

I've made my point.

The Dark Wraith should write a book... except that he has, but publishers would rather pump out trash by the likes of Sarah Palin and Tom Friedman.
by: Dark Wraith (contact) - 20 Nov '09 - 15:46
See? I just knew that {{*somebody*}} had said that before! biggrin

Yay! My memory isn't completely gone. Yet. (My mind... well, that is another matter.)

The other side of the aisle has started pitching fits, too. It seems that Timmy's explaining isn't cooling anyone's jets.
by: Foiled Goil (contact) - 21 Nov '09 - 01:39



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Meta Information:

Title: Dump Geithner?
Date posted: 18 Nov '09 - 21:20
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Filed under: EconomicsFinance
Good Karma: 3 (vote)
Bad Karma: 0 (vote)
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