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Timothy Geithner asked to Resign in Congressional Hearing

November 19, 2009

From the Huffington Post

A heated exchange erupted on Capitol Hill today as Treasury Secretary Timothy Geithner was explicitly asked to resign.

The ranking House Republican on the Joint Economic Committee, Kevin Brady of Texas, ticked off a litany of economic concerns and perceived economic failures, adding that there’s a “growing liberal consensus” that Geithner has failed as Treasury Secretary, and that “conservatives agree that as the point person on the economy, you’ve failed,” before he asked Geithner: “Will you step down from your post?”

Geithner defended his track record, declined to step down, and added, “I agree with almost nothing of what you said… and almost nothing of what you said regarding the economy is accurate.”

Geithner went on to say, reports The Hill:

“Again, it’s just a basic fact: A year ago, this economy was falling at the rate of 6 percent a year. We were losing between half a million and three-quarters of a million jobs a month,” he added, noting those numbers changed direction when President Barack Obama took office.Brady quickly responded:

“Mr. Secretary, the public has lost all confidence in your ability to do your job. Conservatives agree… liberals agree… it is time for a fresh start.” He added that Geithner’s failure was beginning “to reflect on your president.”

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4 Comments leave one →
  1. Gunther Sturm permalink
    November 23, 2009 12:20 am

    He is a tax cheat and he is incompetent. He needs to go and straight to jail!

  2. nancy brown permalink
    November 23, 2009 12:24 am

    The tax cheat never should have been nominated for his position. Any regular person probably would have gone to jail.

  3. November 23, 2009 1:23 am

    Why is Geithner still around? Obama is a cancer to our country – everyone he appoints – cabinet members, czars, etc… are all tumors that carry out his bidding. Healthscare? Cap and tax? Making gitmo detainees US citizens? Our country has become the laughing stock of the world.

    These are dark days for freedom.

  4. Raven Whitehawk permalink
    January 20, 2011 8:01 pm

    I am glad I do a little research on … “interesting” emails. I just got an Email on the 17th of this month from this guy – he says; and I quote from the Email ” … The United Nations have given me due instructions, alongside with the World Bank to wire the sum of $10Million US Dollars Only into your Bank Account in a Legal way … ” – now that I know this information (I wouldn’t have trusted an Email like this anyway) I will be sure to ignore it. But I feel obligated to share this with everyone so they don’t take a screwing in any way.

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