Kudlow Warns Obama Treasury Secretary Geithner's 'Days May Be Numbered'

newsbusters.org ^ | March 17, 2009 | Jeff Poor

[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."

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[JasonC]

Um, less than a month later, read his column at NRO following Wells Fargo's earnings report. The latest Kudlow is correct, this older one was flat out wrong. It will be as I called it last fall - the Fed's actions, ordinary built in fiscal stabilizers, widening spreads, and the banks' own prudence, will heal all of it faster than the common doom mongers can imagine. They don't see the forces, they only see other people talking about things in the rear view mirror that they didn't like. Recovery is coming. Watch.

[JasonC]

Watch and learn, grasshopper.