Skip to comments.Geithner says he'll stay for 'foreseeable future'
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.
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He’ll be gone by next Tuesday.
Doesn’t he mean he’ll stay for the “unexpected” future?
The “foreseeable future” in this administration was at least 3 years ago.
I hope he is near-sighted.
Correction. Geitner has been at Obama’s side since the days when Obama’s mama was working with Geitner’s dad in Indonesia.
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.
Nothing like a lame-duck employee for assurance of a job well done.
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.
If he’s on for the foreseeable future, I don’t foresee a future.
Whoops, gotta go... Futurama is on in two minutes.
I would like to bail on the Wee Wee, but ...
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.
“foreseeable future” sounds like code for “I’m a goner”
No one in this regime has ever had a honest, productive job in their lives.
He can’t leave yet.
Parts of the country are still standing.
“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...
“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”
Well, if the foreseeable future means “until something unexpected happens”, under Obamanomics that could be like, until lunchtime today.
I was going to comment that next Tuesday is probably as far into the future as geithner can see anyways.
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?