Skip to comments.Kudlow Warns Obama Treasury Secretary Geithner's 'Days May Be Numbered'
Posted on 03/17/2009 6:20:03 PM PDT by Saint X
Is President Barack Obama's administration showing hints it is losing confidence in Treasury Secretary Timothy Geithner? CNBC's Larry Kudlow said the signs are suggesting as much.
The host of "The Kudlow Report" said in an appearance with CNBC On-Air Editor Charlie Gasparino on his March 17 broadcast that a statement put out earlier today by the administration, and placed at the top of the Drudge Report, hinted this was the beginning of the end for Geithner.
"You know, statements out of the blue - statements like this are what I call a real bad leading indicator that Geithner's time, days may be numbered," Kudlow said. "It may not happen in the next week, but it may happen."
--more (with video)--
(Excerpt) Read more at newsbusters.org ...
Maybe that’s why the market went up today.
Please, please, let him stay ...
No, he needs to go, and he needs to take the rest of the 0bama administration with him.
Kudlow RULES. He’s right Turbo Tax Timmy is in way over his head.
Why is April 15th coming too soon for Timmy G., the tax-dodger?
But a new chief of staff still will not help Oshama.
Think more than a few Dims are wondering about “High Crimes and Misdemeanors?”
So how would Obama replace him? It’s not like there’s a big supply of good candidates.
No he is such a perfect image of the ACTING president’s administration and his teleprompter.
Bedsides, he is the only man in the world that knows how to fix this mess, RIGHT? That’s what we were told.
Anyone note what the ex SEC official had to say....?
About all of the Billions flowing overseas from the Bailout?
I hope they dump that stupid Gibbs also. What a sarcastic little twit he is.
Inquiring minds want to know ... if Turbo Tax Cheat Timmie is sh!t-canned, will widdle Timmie have to pay his back taxes plus penalties and interest, like the rest of us peasants?
The SNL parody was the kiss of death for Timmah! Geitner. [Pardon my South Parkism]
That’s great...until Obama replaces him with Paul Krugman. ;)
Speaker Pelosi, Dont let the door hit you on the way out.
Obama is an enemy of the constitution and the United States.
Two birds, one stome
Bernie Madoff can be pardoned and at work within a week.
It’s all Geithner’s fault!
No Treasury secretary in living memory has entered office with bigger economic problems, or faced as harsh a reaction, in his first month as has Tim Geithner. But can he really be fingered as the guy who started the global financial train wreck?
That, essentially, is what the former prime minister of Australia, Paul Keating, said in a speech last Thursday, as reported by the Sydney Morning Herald. (Thanks to Yves Smith at Naked Capitalism and several readers for the tip.)
Let’s take a trip in the way-back machine, to 1997, when the Asian financial crisis was ravaging the world. In the initial media reaction to Geithner’s appointment as Treasury secretary, he received high marks for his efforts handling the crisis while an underling in the Clinton Treasury Department. Keating demurs.
He will be replaced with Larry Summers
There are many business leaders who would jump at this chance. Bush 43 replaced Paul O'Neill when he had to, but I don't think team Obama is willing to face the chaos and embarrassment so soon.
Besides, if you read the Drudge story carefully, you'll see that these bonuses are actually Dodd's kitty. He was the one that stripped out the bonus provision and put in the exemption that allowed the $165 million.
Not only that, this whole bonus thing is a red herring designed to distract people from asking where the $173 billion went. That's the real scandal, and if anyone thinks the government will ever recover a penny of it then they're fools. A lot of it, $93 billion to be precise, is already sitting in foreign banks.
C'mon Timmy...pull your own weight...
Frankly, I was hoping for someone from Maxine Waters' press corps to step into the breach.
Agreed... They're all so smart, let them live with each other. Their narrow-minded government knows best Keynesianism isn't going to fix anything, but they will never abandon it, so let them stew.
I'm not clear that Geithner has ever really done anything. He seems to have been an intern/manager/figurehead his whole career... never really responsible for producing anything, unlike the *real* economists at the Fed who actually have to produce reports. And he's certainly never been responsible for producing an end product.
I think this is more a reflection of Obama's style of simply throwing people under the bus to deflect criticism from himself. This way he gets to keep voting "Present" and let everyone else take the blame when things aren't good.
When things go well (if that ever happens), I'm sure Obie will step up to the teleprompter, and take credit.
Being as she's got the most secure seat in the House, that ain't gonna happen.
Yup! Saw it 'splained earlier today as follows: assume the AIG bailout is $100.00 (one hundred dollars). The bonus payments would be ten cents!
This Administration is absolutely clueless. It is nothing shy of Clinton III. Obama is simply throwing a Cocktail Party and Revival on the premier deck of the Titanic. Aye AIG, Captain...
Gee, who would have guessed that a guy who can’t figure out TurboTax couldn’t handle running the U.S. economy? /sar
Obama could already be seen as a bigger crook than Bernie Madoff. No wonder Holder cut a deal with Madoff. We wouldn't want to put Bernie under oath, right?
Obama to Geithner- “Here come da bus, here come da bus.”
Well, 2nd rate people surround themselves with 3rd rate people
Oh, but Geitner is the only human on the planet intelligent enough for the position. He’s such a brain that even when he broke the law and didn’t pay his own taxes correctly we need for forget about it and let him play deity with the economy. That’s what great leader said.
Hard to get people to pay taxes when a tax cheat is running things. Looks a tad hypocritical even for liberals.
The scary part is that Dodd denies removing the provisions. Who did?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.