Treasury Secretary/Tax-cheat Timothy Geithner informs Obama he may resign after debt negotiation deal

Treasury Secretary/Tax-cheat Timothy Geithner informs Obama he may resign after debt negotiation deal Scotty Starnes | July 1, 2011 at 11:50 AM | Tags: economics, President Obama, Timothy Geithner, Treasury Secretary Timothy F. Geithner, unemployment | Categories: Political Issues | URL: http://wp.me/pvnFC-5xT

Now why would the guy who sat and watched the biggest addition of debt in U.S. history pile up want to quit?

From WaPo:

Treasury Secretary Timothy F. Geithner, an architect of the Obama administration's economic strategy, has told the president that he may seek as soon as this summer to resign, according to people familiar with the matter.

Economic strategy? Spending, through redistribution of wealth, is the only strategy these Keynesian worshippers understand.

Geithner's departure would mark the loss of Obama's longest-serving economic adviser at a time when the recovery has slowed and the unemployment rate remains stubbornly high.

Geithner is the only original member of Obama's failed economic team. The same team that predicted below 8% unemployment if Obama's $830 billion stimulus was passed. America is still waiting for this "recovery" that never happened.

Geithner has told the White House he will wait until the conclusion of talks with Congress over the nation's debt before deciding whether to leave, according to the people familiar with the matter.

An administration official said Geithner recognizes the conclusion of these negotiations could provide a "window" for him to leave. Another official at the Treasury Department said Geithner doesn't plan to make any decisions while he is focused on striking a deal with lawmakers to reduce the deficit and raise the federal limit on borrowing, which he has said must happen by Aug. 2 to avert a catastrophic default.

These two officials spoke on the condition of anonymity because they were discussing Geithner's private deliberations.

When asked about his career plans late Thursday, Geithner said at a conference in Chicago that "I'm going to be doing this for the foreseeable future."

But he acknowledged that family concerns were weighing on him. Geithner said his family was moving back to New York, where his son would finish high school. Geithner said he would commute to Washington.

"I've never had a real job," Geithner told his interviewer, former president Bill Clinton. "I've only worked in public service. I live for this work."

This is the problem with many that Obama has selected to ruin the economy. Like Obama, most have no real world experience and have only been parasite upon the taxpayers.

Continue reading>>>

Add a comment to this post

WordPress.com | Thanks for flying with WordPress! Manage Subscriptions | Unsubscribe | Publish text, photos, music, and videos by email using our Post by Email feature.

Trouble clicking? Copy and paste this URL into your browser: http://subscribe.wordpress.com

--
Thanks for being part of "PoliticalForum" at Google Groups.
For options & help see http://groups.google.com/group/PoliticalForum
 
* Visit our other community at http://www.PoliticalForum.com/
* It's active and moderated. Register and vote in our polls.
* Read the latest breaking news, and more.