Geithner resignation bandwagon starts rolling in House GOP

[babylonsister]

With help from Boehner and Cantor, no doubt.

http://briefingroom.thehill.com/2009/03/18/geithner-resignation-bandwagon-starts-rolling-in-house-gop/

March 18, 2009
Geithner resignation bandwagon starts rolling in House GOP
@ 4:07 pm by Michael O'Brien


Make that two House Republicans who have now called on Treasury Secretary Tim Geithner to resign.

Rep. Darrell Issa (R-Calif.) hopped on the bandwagon started by Rep. Connie Mack (R-Fla.) earlier today, who asked that Geithner either be fired or resign.

Issa "is calling on Sec. Geithner to resign!" according to his Twitter page.

Issa's call comes after a House Financial Services Subcommittee meeting today in which lawmakers concentrated almost as much anger toward Geithner as AIG CEO Edward Liddy, who was testifying today.

[Thrill]

1. Geithner to House GOP: Kiss my ass

[KittyWampus]

5. too bad he didn't say that to AIG

[babylonsister]

9. Too bad Bush and the GOP aren't getting any of the blame...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5282495&mesg_id=5282495

Flashback: It Was Bush, GOP That Opposed Executive Compensation Caps

[Adelante]

2. The House Financial Services Subcommittee should probably resign

All things considered.

[amandabeech]

4. That might not be a bad idea. n/t

[MichiganVote]

3. Oh fuck, might as well empty the whole damn town for all the good it would do.

[rwheeler31]

6. Who should replace him? Hmmm

[amandabeech]

10. Someone nominated by an outsider like Krugman or Stiglitz.

Or an insider who has truly had a change of heart and has done penance.

The problem with those really close to Wall Street is that they are so steeped in the culture that they just cannot see the situation from the average person's view. They probably cannot even see the problems. I think that's one of Geithner's problems from his days in the Reagan and Clinton treasury and at the NY Fed. Summers is the same.

Don't forget that Emanuel made a fortune with a Chicago private equity place. You have to wonder how he sees this.

[stillcool]

14. I'm sure you know..

that Krugman has no desire to work in the government..and who could blame him? I would love to know if Stiglitz is interested in the job. Do you know if he has the desire to be in the hot seat? Do you know if your favorite economic journalists would be willing to do what the President requires them to do to implement 'his' policies?

[amandabeech]

15. Read my post. I'm looking for suggestion fpr Treasury posts

from Krugman and Stiglitz. They are outsiders on this and are not devoted to Milton Friedman-style economic policy.

I know fully well that Krugman and Stiglitz have said that they don't want to do it. However, they may know a different crowd from Geithner and Summers.

Economics is not Obama's strong point, IMHO. I've thought that ever since I googled "Austan Goolsbee" a year and a half ago. I was desperately hoping that we would not have an economic crisis on his watch, at least not at first, because I think that he gets his ideas from the same people who have supported and constructed the current problem. He needs different voices on his team, and the only ones not in the Rubin/Summers camp are Volcker and maybe Bair. Stiglitz and Krugman may be able to help him find some.

[stillcool]

16. Well...sorry to tell you..

but the President chooses who will best implement his policies. He passes or fails on his choices..not yours. Perhaps you should start looking now, for the journalist you want to run the treasury in 2012?

[amandabeech]

18. Read my post again. I'm not advocating for a journalist to take over treasury.

Until you show some reading comprehension, I'll leave it at that.

[stillcool]

19. Oh sorry..You want an economic..

journalist to choose the President's Treasury Secretary for him.

[amandabeech]

20. They are economists (remember the Nobel Prize) and Stiglitz isn't a journalist

My point is to find some way to get someone with fresh eyes to run things.

Obama's crew is all from the same group who've been part of the problem for awhile. The only semi-fresh eyes they have are Volcker's and he probably wouldn't take the job at his age.

I wanted Change and I hope it's not too late to get it in the economic team.

If you want more of the same, good for you, because that's what you now have.

[stillcool]

22. actually, what "I" have is a government..

and a global financial apparatus that has been in place for a very, very long time. I voted for a President, because I liked his ideas. I actually think it is his choice to pick people that 'he' feels will best implement 'his' policies. I do not think it is Paul Krugman's choice to make, or any other economist, Professor, or Nobel Prize winner's to make. After all, it doesn't work out and who suffers the consequences? There is not one damned thing that this administration has done that has added to the catastrophic condition this country is in. So..yeah..thanks! I have the change I wanted.

[amandabeech]

23. If you think that this team means economic change,

and that it's members haven't been involved in this mess forever, more power to you.

[stillcool]

24. Doesn't matter what I think..

of any individual the President chooses. I can't stand some of the people he has chosen, but that doesn't mean they will not do the job he has selected them for. I find it fascinating that you are so opposed to Geithner, and yet can't come up with a single person 'you' would 'approve' of. You have a pretty high opinion of yourself, and your global economic prowess, what's the problem? Surely you don't have to rely on Paul Krugman to make your choices for you.

[amandabeech]

25. I don't have to know everything to ask for someone who is not already up to their neck in this.

As to my opinion of myself, hardly. You presume far too much.

I'm done with this discussion.

[stillcool]

26. no doubt

[firedupdem]

7. They need to fucking resign. They are part of the asshole crew

that put us in this situation. Their buddy rush surely doesn't have a problem with AIG getting these bonuses so they need to STFU.

[LakeSamish706]

8. I agree with post #1 "Issa/Mack kiss my ass" ... If President Obama thinks that Tim Geithner...

is doing a good job, thats good enough for me.... I watched the Financial Services meeting today, and I did not come away with that feeling. I thought that Liddy was great today, given the fact that he is being paid $1.00 per year and he outlined what AIG plans to do to repay the tax payers with interest....
It will be a wait and see situation, with an expected wait time of 2 to 4 years....

[amandabeech]

13. Some folks look good while talking.

We'll see what he actually does.

Actually the wait time is probably more like 1.5 years, if that. The 2010 elections will help Obama or hinder him. If folks don't like what's going on with their wallets they may very well vote for the pugs who will be able to say that they voted against the policies that don't work.

[rockymountaindem]

11. I'm glad we're being governed through twitter now

That's sophisticated :eyes:

Someone needs to give these politicians a newsflash: the only people who are going to sign up for their twitter updates are a bunch of political junkies, or more likely just their own staff and journalists. No liberal young kid or apathetic nonvoter is going to think "Darrell Issa has twitter!?!?! He's so cool!" So they can stop trying so hard.

[Cha]

12. darrel issa was the one who got Gov Gray Davis

recalled so he could be Gov but fate had other plans.

[masuki bance]

17. "Geithner resignation bandwagon starts rolling in DU"

AP should cover it.

[amandabeech]

21. Some of us were unhappy with the nomination right from the git-go.

Geithner's record speaks for itself.

Obama's made some great choices, but this isn't one of them for those of us who don't like the policies of Milton Friedman and Robert Rubin.

[Hanse]

27. Yes, we know.

We also know the GOP's felt the same way from the git-go.

That's the funny part.

[HopeOverFear]

28. Sean Hannity called for Geithner to be fired

As a general rule, I tend to think the opposite of whatever Sean Hannity thinks. LOL Therefore, I want Geithner to stick around.

[babylonsister]

30. Thanks, and no surprise there. Outrage encouraged, as usual. nt

[TheWebHead]

29. I thought the republicans were concerned about the stock market

You take out the treasury secretary when the house is on fire it won't be pretty. The angry mob using their lizard brains should be thinking about cause and effect and put away their pitchforks.. who do they all suggest should replace him? Do any of them have any idea what they're talking about? Will the tough decisions that have to be made by whomever is in the role cause them to say the next guy has to be fired as well?