Geithner

Economist Robert Barro in the Wall Street Journal:

The loss of the U.S. government's AAA rating is a great symbolic blow, one that would cause great anguish to our first Treasury secretary, Alexander Hamilton. Frankly, the only respectable reaction by our current Treasury secretary is to fall on his sword.

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Keith Preston
Joined
May '10
Keith Preston

That's the problem...it would be honorable.  Why expect that from anyone in this administration?

Mollie Hemingway, Ed.

Do we mean "fall on his sword" literally or figuratively? I'm definitely in favor of one of those options.

Speaking of doing the honorable thing, Nicole Gelinas has a must-read over at the New York Post that begins:

America is supposed to be the world’s economic and financial leader. How much more will we discredit ourselves before President Obama does his job: lead us out of a historic crisis that is gnawing through our growth, instead of digging us deeper?

Edited on Aug 8, 2011 at 6:00am
~Paules
Joined
Jun '10
~Paules

 But . . . but . . . but . . . it's the Tea Party's fault.  Haven't you heard?  It's the fault of hard-working Americans who pay their mortgages and taxes, and demand fiscal responsibility from their government!  But in the delusional minds of leftists it's got to be someone else's fault.  After all, their motivations and sentiments are so pure don't you know?  I say we nominate our TresSec for a Nobel in economics.  We're moving from the mere farcical into the land of the surreal here, folks, with no way out.  Gah.   


Joined
Sep '10
liberal jim

This is exactly what the country and markets need at this time.  The search for a replacement TS and a contentious confirmation process would prove to be both productive and calming.  Perhaps, after the fine job Paulson did, we could get yet one more head of GS to take the job.  Someone needs to get their head examined.

Mel Foil
Joined
Jun '10
etoiledunord
~Paules:  But . . . but . . . but . . . it's the Tea Party's fault.  Haven't you heard?  It's the fault of hard-working Americans who pay their mortgages and taxes, and demand fiscal responsibility from their government!.... 

...and by leftist logic, Bill Clinton's impeachment was all Linda Tripp's fault. She disturbed the approved public narrative. On their side, that's the biggest sin.

AmishDude
Joined
Dec '10
AmishDude

liberal jim, it's telling that you assume it'd be contentious. You are beginning with the assumption that Obama would nominate someone contentious. Obama could nominate someone intelligent, responsible and fiscally conservative. "The markets" would be overjoyed, even if Senate Democrats made it a difficult confirmation. But we both know Obama won't do that, don't we?

AmishDude
Joined
Dec '10
AmishDude

You know, Obama could go the Caligula route and appoint Bo as treasury secretary. I would expect immediate sharp gains in all the markets.

Look Away
Joined
Nov '10
Look Away

 Jamie Dimon would be the best pick, but I am sure that the President would not agree to the tools that Dimon would demand. If we do see a Dimon take over as TS, then you know the President has thrown in the towel on his agenda.

Al Pipkin
Joined
Apr '11
Al Pipkin

Doing the "honorable" thing implies the agent has honor. That is a quality sorely lacking not only in this administration, but in Washington generally.

show jrb's comment (#10)
Snow Bird
Joined
Feb '11
jrb

The Obama adminstration is committed to the principle that all outcomes contrary to their wishes or intentions are someone else's fault. Why should Geithner sacrifice his Olympian self for the blunders of the benighted Tea Party or the evil George Bush? Of course, his 'friends' in the administration might still throw him under the proverbial Obama bus. There is no honor among ... oops ...(CoC?) ...

David Williamson
Joined
Mar '11
David Williamson

Actually, I don't blame Mr Geithner - it is Mr Obama and Mr Reid who should be falling on their swords. No chance of that!

Songwriter
Joined
Aug '10
Songwriter

Have we not learned yet that one of the big perks of being an Elite Leftist is never having to suffer any personal consequences for one's policy mistakes? Despite the complete failure to do his job, Mr. Geithner's job security is likely unthreatened. 

Kervinlee
Joined
May '10
Kervinlee

From Alexander Hamilton to Timothy Geithner. How far we have fallen.

Forrest Cox
Joined
Sep '10
Forrest Cox

"Honor" and this Administration are diametrically-opposed constructs...

Mark Monaghan
Joined
Oct '10
Mark Monaghan

The man has no Honor, no sense of anything but self.   He doesn't even pay his taxes for cow's sake!

Pseudodionysius
Joined
Sep '10
Pseudodionysius

I'm sorry, but there's no sword for Geitner to fall on. The One has beaten them all into plowshares.

tabula rasa
Joined
Jun '10
tabula rasa
Pseudodionysius: I'm sorry, but there's no sword for Geitner to fall on. The One has beaten them all into plowshares. · Aug 8 at 10:58am

And the plowshares have been distributed to the farmers who receive subsidies not to grow things.  So they're all shiny and new.

Paul A. Rahe

Let me see. Geithner has already expressed a desire to leave office, and he is apt to go before long. Do you think that Obama might bite the bullet and nominate Paul Krugman for the post?

Sisyphus
Joined
Jul '10
Sisyphus
Paul A. Rahe: Let me see. Geithner has already expressed a desire to leave office, and he is apt to go before long. Do you think that Obama might bite the bullet and nominate Paul Krugman for the post? · Aug 8 at 11:40am

Actually, in response to speculation about his plans Geithner announced that he is committing to stay on the job through most of 2012. No rest for the wicked.

Charles Gordon
Joined
Dec '10
Charles Gordon
AmishDude: You know, Obama could go the Caligula route and appoint Bo as treasury secretary. I would expect immediate sharp gains in all the markets. · Aug 8 at 6:39am

Do not discount the possibility that sending a horse to the Senate for a term was an apposite rejoinder. It ought to have set a timeless precedent for the vacancy of any appointive office.

To the contrary, our historic first Islamic apostate president’s tentacular extension of centralized power squeezing the breath of freedom out of our way of life is too important to him to risk having a do-nothing appointee.

More fitting would be the tea party movement’s inserting a herd of Incitatuses who don’t mind going out to pasture while biding their time for paperwork to process on the foreclosure of their administrative agencies.


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