That’s the headline. That’s pretty much the meat of the story. Timothy Geithner thinks Obama won’t re-appoint him.
I think he’s giving Obama too much credit.
I don’t think Obama could care less whether he stays or goes. The position is moot under Obama.
Obama has one economic philosophy, tax the rich and give it to the masses. That’s it. There’s no trickle-down to explain. No Keynesian to explain. Really, no fiscal policy to explain. Tax the rich, give it to government entities that pay union dues. That’s it.
Geithner was perfectly suited to do that job.
Jessica Simpson is perfectly suited to do that job. I couldn’t get her elected President, but she could do this.
For that matter, Paris Hilton is probably too experienced.
Hell, even Heidi Montag would do perfectly, she’s really motivated at taking other people’s money.
At least they would have some experience stimulating something.
Bottom line, only an idiot would walk away from a job where they are expected to not do anything tangible. For being the Treasury Secretary during one of the most stagnant economies in the history of this country, he’ll forever be tagged with being a loser. He might as well ride this shipwreck as long as he can.
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