Geithner asked to step down, gets testy.

[Toucano]

Run time: 02:05 https://www.youtube.com/watch?v=ty_-Mf6QhpU   Posted on YouTube: November 19, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: November 20, 2009 By DU Member: Toucano Views on DU: 2500

 
Treasury Secretary Timothy Geithner sharply rejected a call to resign from his job and told a Republican Congressman, "You gave this President an economy falling off the cliff. (Nov. 19)

[ananda]

1. My answer to Tiny Tim.

And you just kept on with the same ole same ole of
Bushinc.

[dixiegrrrrl]

2. Paulson stampeded Congress into accepting the bailout

now Tim uses Congressional approval of it as an excuse.
Amazing.

[lxlxlxl]

12. fuck it man be realistic

when the bailout passed you were stuck with it. do you think obama and lil' timmy could have just came into office and said no, we rescind everything? do you know how these markets work? if they had did this anyway, you would have just given the GOPIDIOTS more ammo to cry and whine about how Obama was a socialist determined to destroy american private enterprise and you know the rest of the media would have went along with it. then you would get another bush and four years, obviously allowing you to cry and whine about a "revolution" that is not going to happen. get real.

[Mithreal]

19. Tone down your rhetoric lad.

And I will call you lad, man.

"More ammo"? Go pinch someone and ask em if you are dreaming. The R's don't need a reason to call someone socialist, Hitler, or whatever, they just make shit up.

Take a look in the mirror some time wrt to whining and crying. All Obama needs to do to lose the next election is to continue to confuse his base, do nothing about publicly funded elections and paper ballots counted by real people and we will have that R in the Oval just you wait and see.

Geithner does not represent the interests of anyone but the wealthy. Don't defend him. Doesn't deserve lip from Rs though.

[theoldman]

3. I have to agree with Geithner on this one.

It was the Republicans who gave Obama the bag of flaming poop.

[Toucano]

6. Absolutely true.

But that is no excuse for carrying the flaming poop on a pedestal and rebuilding the house of cards around it.

[lxlxlxl]

9. depends on the audience...in this case it is a self-serving GOP idiot

i dont even want lil tim geithner bowing down in front of these weasels..youll just give them more ammo

[bobbolink]

15. .

:applause:

[Toucano]

7. You may have missed this one.

http://www.google.com/hostednews/ap/article/ALeqM5hHfE_...

The Federal Reserve Bank of New York — headed at the time by now-Treasury Secretary Timothy Geithner — paid AIG's business partners full face value for securities so they would cancel insurance contracts AIG had written in order to ease the firm's liquidity crunch. But at least one of those partner banks offered to canceled the contracts for less, according to a report Monday from Neil Barofsky, the Special Inspector General for the $700 billion financial bailout Congress approved last October.

That means officials may have spent billions more than necessary to cancel debt insurance contracts with banks including Goldman Sachs Group Inc. and others, the report says.


He has not been thrifty or wise with the responsibilities he as been given.

He must go. I am sorry that the Republicans agree, but it really doesn't change the fact.

[Thickasabrick]

24. Exactly - Geithner needing to go is bi-partisan. nt

[JDPriestly]

13. True, but Geithner has reached out to Wall Street and not at all to Main Street.

At the time that the foreclosures began, I suggested a way to bail-out homeowners. My congressman also suggested a plan. The Obama administration, Geithner and Summers did nothing to help homeowners.

A neighbor of mine is under water on a house although he has plenty of income to make his payments. He is about to come up to an interest hike on his loan, a loan that he took out on the reasonable belief (based on past experience) that he would be able to refinance considering his good credit record and income. He can't find a bank to refinance. As far as I know, the federal government has not so much as set up a help-line, a telephone line to take calls from people in his situation or other people facing foreclosure. How can the administration expect Americans to feel about Geithner and Summers when they define recovery as higher stock prices and a slowing in the numbers of employees laid off (not a real turn-around at all).

Obama, Geithner and Summers are in love with Wall Street. We expected Obama to be a president for all Americans. So far, he mostly is just a president for Wall Street.

The Republicans left our country in a mess. Based on my conversations with undecided voters in the final days of the 2008 campaign, I would say that Obama was elected for one purpose -- to straighten out the economy and to defend ordinary Americans against the greed of Wall Street and certain foreign interests. Obama has not done what he was elected to do, and his appointments of Geithner and Summers are indicative of his misunderstanding about his mission.

I wish that Obama would appoint just one person to his cabinet who was just ordinary and could represent and talk to regular Americans. Geithner and Summers seem to be such Wall Street snob types. They all live in and around New York and have no clue as to what life is like in less prosperous, less sophisticated parts of the country. I know that Geithner is not from New York, but he seems to be very out of touch with what is going on in my neighborhood. He needs to go on a real listening tour of small towns and the less affluent parts of the cities of America.

[ihavenobias]

17. 100% right about the love for Wall Street

, but it's still the truth.

[valerief]

14. And Geithner keeps adding shit to the fire. nt

[bobbolink]

16. Ewwww! That really stinks.

Oh wait.

It really does.

:hi:

[baldguy]

4. Geithner may not be the best guy for the job he's in -

But no Republican should have anything to criticize about it.

[fascisthunter]

5. Geithner just had his backside handed to him...

[O is 44]

8. By a republican please....

They have absolutely no credibility on the economy. Name these polls congressman. I will admit I’m not sure about Geithner’s abilities to do his job and I do have my concerns about his previous job but I will not accept such bloviating from the rethugs.

[lxlxlxl]

10. i think geithner should step down also, but i dont think he needs to take shit from a GOP knownothin

this dumbfuck moron should be given ZERO ground. he's playing a cheap political game, and geithner, no matter how much i disagree with him and the people he protected, did not speak up about himself personally, and defended the president honorably.

[lxlxlxl]

11. timmy gee went in on defending the president and The Situation, not himself....

and i'm actually glad he showed some backbone. i hope he does the same when he chooses to resign, or when he decides internally that he can do much better for the american people to stay. just know we are watching.

[LBJDemocrat]

18. I'm with the Congressman

Geithner should resign. Just because a Republican is calling for it opportunistically doesn't mean we should rally to Geithner's defense. Geithner robbed the American worker.

[Mithreal]

20. Truth

[glitch]

23. "rally to Geithner's defense" is the desired knee-jerk response, I do believe.

Good to see so many seeing through the ruse.

[LeftyMom]

28. This is correct.

I hate this wagon circling mentality people have that drives people to defend incompetence and wrongdoing when they come from our side of the aisle.

[debbierlus]

21. Do they set these things up deliberately -democrats call for Geithner to step down, in comes Repuke

And, he wants him to step down (as he should, not because a repug wants it, but because WE want it).

And, dems start defending the guy.

Surreal. I sometimes wonder if this isn't all a coordinated show with each politician from the right and left deliberately manipulating the public.

You can't write this stuff.

[glitch]

25. I think it is coordinated. They did the same with Clinton, giving him ample coverage for nafta etc.

Lather rinse repeat, it does seem to work. So far.

[jaysunb]

22. Hang in there Tim !

At least until you've cleaned up the mess you help create. :evilfrown:

[Naked_Ape]

26. +1

It is easy to complain, hard to actually be responsible for the future of the world

[jaysunb]

30. Welcome to DU

:hi:

[donheld]

27. I'm with the public - he needs to go fast!

[Iwillnevergiveup]

29. Right from the start

Geithner was the wrong guy - remember his little "tax problem?" No cred. Boy, he was really hollering into that mic.

[democracy1st]

31. Get lost Timmy and take your Goldman Sachs cronies with you!