Thursday, March 19, 2009

Is Geithner a liability for Obama?

The man who was a symbol of Barack Obama's moderation might become a symbol of the new president's struggle with competence.At the mere word of Mr. Geithner's nomination as treasury secretary back in November, the market jumped close to 500 points. He was hailed by market insiders as a "fantastic choice," "highly-skilled and pragmatic." He was even praised by his Bush administration predecessor, Hank Paulson, who said, "I have great confidence in his understanding of markets, his judgment and leadership, and his ability to meet the challenges that lie ahead." However recently he has had problems with tax issues and has made the market tumble by over 400 points. As Obamas top advisor, it is shame that he has made this kind of mistake especially when we are in a economic crisis. Some say his days are numbered because of his credibility. The bet is that he will be out by June 30, but can he make his name credible again and save his job ???

http://www.cnn.com/2009/POLITICS/03/19/feehery.geithner/index.html

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