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The Library => The SGA => Topic started by: JohnDeere on January 27, 2009, 08:30:27 AM

Title: The new Treasury Sec., who has trouble doing his own taxes.
Post by: JohnDeere on January 27, 2009, 08:30:27 AM

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Woo-hoo! You’re in. Let’s go shoot some hoops.


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Quote

Timothy Geithner won confirmation as U.S. Treasury secretary on Monday as the U.S. Senate set aside misgivings about his past income tax problems in light of his experience battling the financial crisis.

Geithner, 47, was expected to be sworn in quickly to help lead President Barack Obama’s efforts to stabilize a worsening economy. The Senate approved his nomination on a 60-34 vote.

With the U.S. economy in full-blown crisis, Geithner’s experience in dealing with the past year’s rapid-fire rescues of key financial firms trumped the taint from his late payment of $34,000 in self-employment taxes when he worked at the International Monetary Fund earlier this decade.

The new Treasury chief is expected to soon unveil reforms to the United States’ $700 billion financial bailout program to provide more support for housing and credit markets, and possibly a new effort to absorb troubled assets from banks.

“I would rather have a battle hardened veteran at the helm who knows the shoals and whirlpools than a neophyte who has to wade into these churning waters for the first time,” Republican Sen. Orrin Hatch of Utah said during debate on the nomination.

Title: Re: The new Treasury Sec., who has trouble doing his own taxes.
Post by: Tarheel on January 27, 2009, 01:53:41 PM

I can't tell you how disgusted that I am with this selection and with the RINOs who supported him.  It needs saying that if this person had been a Bush nominee (or any Republican nominee) he would have been sent packing after having been eviscerated by the Democrats socialists for not paying his fair share in a timely manner.