Thursday, January 22, 2009

Senate Panel Approves Geithner

Today, the Senate Finance Committee approved Obama's nominee for U.S. Treasury Secretary, Timothy Geithner. His confirmation is now in the hands of the Senate, which may vote as early as this afternoon.

My bet is that Geithner will be voted in today with some grumblings from Senate Republicans, and rightly so. I'm not so sure this is the best guy for the job, especially because of his nuanced and ostensibly deceitful answers about not paying taxes. What was clear, at least to me, was that Geithner tried to commit tax evasion. To boot, this is the man that over saw the collapses of several NY financial institutions, including, Citigroup and AIG, and for the most part, capitalized on Paulson's plan to bail them out, none of which has benefitted the American people. So what again are we to be excited about? Surely there could have been better choices, but who?

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