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Geithner says he'll stay for 'foreseeable future'
Associated Press ^ | Thursday, June 30, 2011 9:31 PM EDT | KAREN HAWKINS and JIM KUHNHENN

Posted on 06/30/2011 9:19:23 PM PDT by Hunton Peck

CHICAGO (AP) — Treasury Secretary Timothy Geithner said Thursday he'll stay in his job for the "foreseeable future," addressing speculation he might leave the Obama administration following the current round of budget negotiations.

"I live for this work. It's the only thing I've ever done. I believe in it," Geithner said when questioned about his plans by former President Bill Clinton onstage at a meeting of the Clinton Global Initiative.

"We have a lot of challenges in the country and I'm going to be doing it for the foreseeable future," he said.

Geithner, 49, acknowledged the interest in his plans, noting that he'd been commuting back and forth from New York and had a son who was going to be finishing high school there. Earlier a person familiar with his thinking told The Associated Press that Geithner saw an opening to potentially leave once a deal was reached on raising the nation's borrowing limit, but the source emphasized no decisions had been made. The person spoke on condition of anonymity to discuss private deliberations.

Geithner reiterated his warnings Thursday of financial chaos if the federal government's debt limit is not raised by Aug. 2. Along with other administration officials, Geithner is deep in negotiations to make it happen alongside spending cuts demanded by congressional Republicans.

Geithner has been at President Barack Obama's side since the beginning of his administration. If he did depart he would be the latest in a series of economic advisers to do so more than halfway through Obama's term, as often happens around the two-year mark of a presidency. Earlier this month the White House announced the departure of Austan Goolsbee, chairman of the Council of Economic Advisers.

(Excerpt) Read more at centurylink.net ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: geithner; taxcheat; treasury

1 posted on 06/30/2011 9:19:26 PM PDT by Hunton Peck
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To: Hunton Peck

He’ll be gone by next Tuesday.


2 posted on 06/30/2011 9:20:54 PM PDT by Texas resident (Hunkered Down)
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To: Hunton Peck

Doesn’t he mean he’ll stay for the “unexpected” future?


3 posted on 06/30/2011 9:21:37 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Hunton Peck

The “foreseeable future” in this administration was at least 3 years ago.


4 posted on 06/30/2011 9:22:00 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Hunton Peck

I hope he is near-sighted.


5 posted on 06/30/2011 9:22:46 PM PDT by oyez (The difference in genius and stupidity is that genius has limits.)
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To: Hunton Peck

Correction. Geitner has been at Obama’s side since the days when Obama’s mama was working with Geitner’s dad in Indonesia.


6 posted on 06/30/2011 9:28:12 PM PDT by noinfringers2
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To: Hunton Peck

Geithner probably has a big-bucks finance job lined up, already. He is toxic for the Obama administration because he is associated with much of Obama’s disastrous economic messes and he wants out from under so first, the on-so sincere denial about leaving, then, in, say, a week or two, the announcement that Timothy Geithner is departing his treasury post due to a new opportunity to help the economy in a different way. Translation: he can get big bucks without the criticism and subsequent embarrassment for heading up the finance sector of a badly failed presidency that failed almost exclusively because of it’s socialist economic philosophy that has never been successful. ‘Bye Timmy. You won’t be missed.


7 posted on 06/30/2011 9:31:12 PM PDT by Jim Scott
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To: Hunton Peck

Nothing like a lame-duck employee for assurance of a job well done.


8 posted on 06/30/2011 9:35:37 PM PDT by fwdude (Prosser wins, Goonions lose.)
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To: Hunton Peck

I don’t think he will be able to find a job after this.

In fact if he stays another couple of years NOBODY will be able to find a job anywhere.


9 posted on 06/30/2011 9:40:33 PM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: Hunton Peck

If he’s on for the foreseeable future, I don’t foresee a future.

Whoops, gotta go... Futurama is on in two minutes.


10 posted on 06/30/2011 9:41:40 PM PDT by BuddhaBrown (Path to enlightenment: Four right turns, then go straight until you see the Light!)
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To: Hunton Peck

I would like to bail on the Wee Wee, but ...


11 posted on 06/30/2011 9:41:57 PM PDT by Zakeet (The Wee Wee's real birth certificate got shredded with his Rezko mortgage records)
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To: Zakeet
If he plays guitar, maybe he can get work as a Lindsey Buckingham cover act:

I don't think it matters much whether he stays or goes, though. If he does go, the replacement's mission will remain the same: to so weaken the productive sector that it can be squeezed out by the government sector.

12 posted on 06/30/2011 10:28:51 PM PDT by Hunton Peck (See my FR homepage for a list of businesses that support WI Gov. Scott Walker)
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To: Hunton Peck

“foreseeable future” sounds like code for “I’m a goner”


13 posted on 06/30/2011 10:36:37 PM PDT by newzjunkey (Obama? Law degree. Reagan? Economics. Obama studied gov't. Reagan studied prosperity.)
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To: newzjunkey
Yeah, it's really an oxymoron. There is no future that's forseeable to us mere mortals, so the "forseeable future" ends right...about...
14 posted on 06/30/2011 10:41:46 PM PDT by Hunton Peck (See my FR homepage for a list of businesses that support WI Gov. Scott Walker)
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To: Hunton Peck
It's the only thing I've ever done.

No one in this regime has ever had a honest, productive job in their lives.

15 posted on 06/30/2011 11:56:41 PM PDT by gigster
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To: Hunton Peck

He can’t leave yet.

Parts of the country are still standing.


16 posted on 07/01/2011 12:29:41 AM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
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To: P-Marlowe
I don’t think he will be able to find a job after this.<<but....but...but

“I live for this work. It's the only thing I've ever done.”

Think there's some stimulus money left for retraining...closest line of work similar to his past work experience would be a Proctologist....He'd be doing the same work...just on a smaller scale...

17 posted on 07/01/2011 1:11:44 AM PDT by M-cubed
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To: Hunton Peck
Why does everybody in the Obummer admin remind me of this quote?

“You know, I've personally flown over 194 missions and I was shot down on every one. Come to think of it, I've never landed a plane in my life.”

- Admiral Benson,”Hot Shots”

18 posted on 07/01/2011 1:18:14 AM PDT by Hillarys Gate Cult (Those who trade land for peace will end up with neither one.)
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To: Hunton Peck

Well, if the foreseeable future means “until something unexpected happens”, under Obamanomics that could be like, until lunchtime today.


19 posted on 07/01/2011 5:11:46 AM PDT by Notary Sojac
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To: Texas resident
He’ll be gone by next Tuesday.

LOL!

I was going to comment that next Tuesday is probably as far into the future as geithner can see anyways.

20 posted on 07/01/2011 6:03:23 AM PDT by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Hunton Peck
“I live for this work. It's the only thing I've ever done. I believe in it,” Geithner said.

Hell, It ain't everybody that gets to bankrupt the US, and still know his job is secure. He did exactly what his boss wanted.

Only problem: What can he be promoted to? I know! He could try to bankrupt China! Can obama get him into a position where he can do it?

21 posted on 07/02/2011 1:45:48 AM PDT by tdscpa
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