NEWS > POLITICS > TIMOTHY GEITHNER LEAVING BEFORE DEBT CEILING DEAL IS DONE BECAUSE HE NEVER REALLY CARED ANYWAYS
TIMOTHY GEITHNER LEAVING BEFORE DEBT CEILING DEAL IS DONE BECAUSE HE NEVER REALLY CARED ANYWAYS
January 3 2013
Washington, D.C. – It is possible, possible, that the massive shuffling of Cabinet positions for president Obama will have a positive effect on his next four years in office. With so many people leaving the make-up of the team that led to a lot of mediocrity and divisiveness will be fundamentally altered.
Some of those changes, say Secretary of State, clearly trade one strong player for another but in other places the changeover will not be as smooth or as clearly good. There is, perhaps, no position more important in all of this than the change at Treasury Secretary as Timothy Geithner gets ready to leave.
Because of the delicate financial situation in the country, the role of chief Treasurer will be one of the most watched and analyzed positions that will be changing. Thus far, no clear successor has appeared, though current Chief of Staff Jack Lew is apparently the favourite, which is a problem because Geithner is leaving soon, even before a debt ceiling agreement is worked out because her never really cared about that or the job in the first place.
There is no clear timetable on when the debt ceiling agreement will be hashed out which is apparently not something Geithner is happy dealing with.
It’s not clear why he is so eager to get out of the job without even allowing time to name a successor but it could be because he hates it and always has.
American Express CEO Kenneth Chenault has apparently been approached about the job but apparently doesn’t want it either, no one seems to really.
“This is a pretty tough position that Geithner is putting the administration into, honestly, and is really no way to reward a person who gave him such a prominent position, even sticking with him through a lot of trouble and criticism. It’s actually very cavalier and he could even be putting the future of the company in jeopardy because he just can’t seem to wait to get out of the job and do, well, whatever it is her is going to do and that sucks,” said Scrape TV Economic analyst Michael Santino. “I mean the administration did know he was leaving and they have had plenty of warning and so in some ways it’s their fault but it really doesn’t matter who’s to blame, what’s important is they get the right person, the person who can do the job and one who won’t quit part way through doing it like Geithner.”
The debt ceiling issue is likely going to result in a great deal of drama which could be a motivating factor for Geithner to get out quickly.
“Geithner is certainly not the most popular guy to ever hold that position and certainly not the most popular in the cabinet but he does know the job and has experience and that does count for something, quite a bit actually, and the loss of that for someone new just as a fresh drama is about to begin, well that is rough to say the least,” continued Santino. “Whoever takes over the job will certainly inherit a mess, especially if Geithner leaves in a hurry as he apparently is determined to do. Of course it was going to be a mess anyways so his leaving like this may only make it slightly worse, like only a little.”
Geithner likely wouldn’t be doing too great a job is he stayed on anyways, most feel, given his attitude.
Edward Bastil, Political Correspondent