Obama urges Geithner to stay as Treasury chief

[Fearless]

Source: Reuters

(Reuters) - President Barack Obama has asked Timothy Geithner to stay on as Treasury Secretary and a decision is expected soon, officials said on Thursday.

Geithner had indicated he might decide to leave once a decision to raise the U.S. debt limit was raised, which happened this week after a long and rancorous debate. He has headed Treasury since January 2009 and been involved in all the major economic decisions by the Obama administration.

{snip}

If Geithner did leave, the Obama administration would have to find a successor willing and able to withstand a confirmation process that would likely become another battle between Democrats and Republicans over the direction of the nation's economic policy.

Read more: http://www.reuters.com/article/2011/08/04/us-usa-geithner-idUSTRE7734PO20110804

---

Looks like someone sees the sinking ship and wants to get off. Good riddance.

[Liberalynn]

1. why would he want him to stay

because he has done such a great job so far? :sarcasm:

[roguevalley]

21. why don't they just line us up and shoot every tenth person? Why

don't I just stick pins in my eyes? WHy don't I just take cyanide and get out of this shit storm? I can't stand it. He's actually doing two or three things a day that make me want to kill myself.

[OHdem10]

2. It is natural not to want such a serious change in the middle of

the stream. Think about it. Who would the TP approve.

Geithner has often pressed for the right measures.
Just because Congress does not respond, does not
mean Geithner was wrong. Geithner asked for larger
stimulus, and a second stimulus. He was right.
Deficit Hawks were wrong. History will bear this
out.

Be careful what you wish for.

[Fearless]

4. We as a party need to stop caring what the Tea Party would do and do what we should do.

[tularetom]

3. I'm sure Obama can find another slimy bankster to take his place

Unbelievably there are rumors that he will offer the job to former Goldman Sachs CEO Jon Corzine.

Guess he couldn't talk Hank Paulson or Robert Rubin into taking it.

[Lucky Luciano]

9. You could do worse than Corzine.

I saw a press release earlier stating he would not be leaving his current post as CEO of MF Global.

[Pooka Fey]

15. There's always Lloyd Blankfein

There's no shortage of corrupt banksters --- the floorboards are crawling with them.

[dbonds]

5. Geithner should have never been there in the first place.

[Lindsay]

6. In the dark of night I have suspected

that Geithner was part of the package Obama had to agree to in order to get the nomination.

[dbonds]

8. The dark of this night...June 5, 2008

when Obama and Hillary went missing for a private meeting at the same time. - Also in town at the same time: Chantilly, Virginia, USA" 5-8 June 2008 - Bilderberg Group

[zipplewrath]

7. Doubling down on failure

This president has a penchant for doubling down on failure. Extending Afghanistan so that the corrupt government can leach us for more money. Declaring that gulf oil drilling is safe, just before the largest oil spill. Backing nuclear power just before Japan's mess. Now he wants to keep Geithner because a double dip recession will be so much fun. What, the bankers didn't get enough bonuses?

[onehandle]

10. 'Geithner stays and the market tanks'

http://www.marketwatch.com/story/geithner-stays-and-the-market-tanks-2011-08-04?link=MW_story_investinginsight

[MasonJar]

11. Why?

[NV Whino]

12. Oy

:banghead:

[democrank]

13. gag

[Pooka Fey]

14. Good luck keeping the rats from bailing off this sinking ship...

[bvar22]

16. and THAT ia ALL you need to know.

Turn out the lights for Working Class America & The Poor.



Cherish your memories, SUCKERS!
because we're TAKING everything else!
Hahahahahahaha!

[truebrit71]

17. Why not, he's done a fucking brilliant job so far...

:eyes:

[JJW]

18. A jobless recovery that is heading into recession

But the banksters and Wall Street fat cats did well.

Tax cheat Geithner should be fired but, we know how Mr. O ikes to look forward and not back into crimes or causes of current failures.

[fujiyama]

19. Geithner sucks and I wish he were gone

but considering the way the senate republicans have acted regarding confirmations, I think this could be a drawn out mess. And believe it or not, we could end up with someone even worse...

[Hubert Flottz]

20. Oh Boy...more CHANGE!

In your bank account.

[Johnny Harpo]

22. What?...Hasn't Timmy Screwed It Up Enough Yet?...n/t

[Dr Fate]

23. I think Timmy is doing a heckova job. nt

n/t

[Poll_Blind]

24. Wouldn't want to say goodbye to that "Geithner magic", would we?

:eyes:

PB

[Major Hogwash]

25. He'll stay on for another year, at least until the 2012 election is over.

What's the rush to get out the door now?
15 more months isn't going to kill him.