Posted by
Dianne on Monday, March 09, 2009 12:00:00 AM
What, again, was Obama thinking? Why would you put someone in charge of the National Treasury who cannot pay and keep up with his own taxes?
Why is it that America can see the writing on the wall but Obama does not? Has be lost his sight and hearing? Again, he takes the wrong road to fix problems and lets someone as incompetent as Treasury Secretary Tim Geithner handle the money for the United States.
There is no doubt Mr. Geithner is “Way In Over His Head.”
For five weeks, Treasury Secretary Timothy Geithner has battled the worst economic crisis in generations with no key deputies in place. That’s made for a rocky debut for the man President Barack Obama put in charge of addressing the financial crisis.
With an awkward first television appearance, a bank rescue plan that lacked promised specifics and two restructured bailouts that raised taxpayer risk, Geithner has failed to calm financial markets desperate for answers.
Critics say part of the problem is that Geithner is flying solo: Not one of his top 17 deputies has been named, let alone confirmed. And without senior leadership, lower-level Treasury employees can’t make decisions or represent the government in crucial conversations with banks and others.
As Geithner strives to address the financial crisis, advance Obama’s agenda and work with foreign leaders to stave off economic disaster, he’s assembled a 50-person “shadow cabinet” of would-be appointees. Those people have received hall passes and can advise Geithner, but they lack any authority.
“Everyone would think it’s a travesty if the Defense Department didn’t have a lot of their people in place, because you’re in a crisis fighting a couple of wars,” said Tony Fratto, who was a Treasury spokesman under President George W. Bush. “But Tim Geithner is fighting wars on a few fronts himself, and he doesn’t have the generals there to help him.”
Of course, now they have come out with the news that they are going after the UBS account holders who have accounts in Switzerland. What?
President Barack Obama’s Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes.