Jim Rogers on Tim Geithner: He's been wrong about just about everything for 15 years

[LovinLife]

Tim Geithner has been under attack lately. How's he doing?
Listen, I have been a critic for years. Geithner should never have been appointed to anything. He's been wrong about just about everything for 15 years.

Do you think he'll lose his job?
Of course he's going to lose his job, because as Mr. Obama realizes that Geithner doesn't know what he's doing, he's going to look for somebody else because he doesn't want to take the heat himself. So he's going to look to blame somebody, and the obvious person is Geithner.




I think Maria Bartiromo did the interview, but still... What was Obama thinking hiring Geithner?


http://www.businessweek.com/magazine/content/09_49/b4158011706814.htm

[polichick]

1. It has always been a mystery to me why Obama hired Geithner...

...just as baffling and ugly as choosing Rick Warren for inauguration day.

[LovinLife]

3. I could understand that. That was for 1 day. This is a serious job in a very serious time.

Geithner shows no desire to help anyone outside of wall street. I remember when he was announced and CNBC and others seemed happy about it. That should've been a sign. Then when the guy in charge of the IRS doesn't pay his taxes, that should've been another sign.

[polichick]

4. Warren was a kiss-up and so is Geithner - just to different people...

That's Obama's big problem imo ~ constantly kissing someone's ass to try to be liked.

The consequences of the Geithner choice may be greater, but I'm not sure. Bush's faith-based office has been extended to all depts.

[avaistheone1]

2. And as baffling as Obama campaigning for Joe Liberman for Senate re-election.

[polichick]

5. Yep - also a baffling one! nt

[QC]

6. And putting a wingnut rancher in charge of Interior. n/t

[ThatPoetGuy]

10. Salazar and the BLM are SO sickening.

These are evil people, foxes guarding the hen house.

[ClarkUSA]

13. Um, Salazar is the same "wingnut" who was a huge supporter of Hillary for President last year.

:eyes:

[ThatPoetGuy]

8. That was only in the primaries.

During the actual election, Obama endorsed Ned Lamont. Link: http://www.cbsnews.com/stories/2006/10/27/ap/politics/mainD8L0MB280.shtml

[Cha]

9. Pres Obama supported Ned Lamont when

he won the primary but that wouldn't fit in to your.."Everything Obama does is wrong" theme.

Obama: "Please join me in supporting Ned Lamont"
Barack Obama Writes Emails

(Barack Obama sent out an email to his CT list supporting Ned Lamont earlier today – Tim)

Ned Lamont has waged an impressive grassroots campaign to give the people of Connecticut a choice in the November Senate election. He has a vision for his state and country, and his campaign has been about presenting that vision to Connecticut voters.

Ned Lamont and I share a commitment to bringing our troops home safely from Iraq, to achieving energy independence, to helping all our citizens realize the American dream, and to empowering the American people to reclaim their government. Ned Lamont’s campaign is about delivering on these goals in Washington.

The November 7th election is right around the corner. Please join me in supporting Ned Lamont with your hard work on-the-ground in these closing weeks of the campaign.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x2908000

"Lamont aides said they welcomed the support of Obama, who has enjoyed a surge in popularity in recent weeks as speculation about his national ambitions mounts. Obama has also given $5,000 to Lamont's campaign through a political committee."

http://www.washingtonpost.com/wp-dyn/content/article/2006/10/26/AR2006102601187.html

[ClarkUSA]

11. Bill Clinton had a big ol' rally for Joementum in 2006. Did Obama ever do that? I think not.

:shrug:

[polichick]

7. Then there's Monsanto shills, Vilsack and Taylor, in charge of our food...

How ironic that the WH gets organic!

[ClarkUSA]

12. All of a sudden, DUers respect the opinion of Wall Street tycoons like Rogers who hate Geithner?

Maria Bartiromo is a bimbo who sucked BushCo for eight years on CNBC. Between the two wingnuts,
of course they hate Tim Geithner because the WH is determined to bring major U.S. financial regulation
reform: http://www.reuters.com/article/ObamaEconomy/idUSTRE59R4YT20091028?feedType=RSS&feedName=ObamaEconomy&virtualBrandChannel=10441&sp=true

Everyone on Wall Street and their MSM hangers-on like the CNBC crowd also does not like that Pres. Obama
is pushing Senate Democrats to close offshore tax havens: http://www.reuters.com/article/politicsNews/idUSTRE59Q3EP20091027

:eyes:

[Kdillard]

17. Of course they do as long as it bashes the administration it must be right.

[ClarkUSA]

19. Such obvious hypocrisy from Obama Bashers makes it clear how full of crap they are.

But we knew that already. Fuck 'em. :fistbump:

[Cha]

14. President Obama taps Organic Advocate, Kathleen Merrigan,

for Deputy USDA..

"Score One for Sustainable Food: Obama Taps a Real Reformer, Kathleen Merrigan, for Deputy USDA Secretary"

By Tom Philpott
GRIST, February 23, 2009
Straight to the Source

Last time a president had the occasion to name a deputy USDA secretary, I had a rhetorical cow, man.

Back in 2005, President Bush chose Chuck Conner, a man who had previously worked as a flack for Archer Daniels Midland, for that position. Could Bush have made a more explicit bow to the gods of agribusiness?

President Obama suddenly seems intent on blazing a new path for USDA. Sure, he picked a farm-state governor with ties to the ethanol and biotech ... as USDA chief. But that's almost reflexive in our political system. The key question became: who would he pick as the deputy -- the official who typically gets things done and sets the tone for the department? Would he pick a corn-fed flack, like Bush did? Another go-along to get-along type in the Vilsack mode? Or a real reformer?

Obama chose Kathleen Merrigan, director of the Agriculture, Food and Environment Program at Tufts. From what I can tell at first blush, she's a real reformer.

In the sustainable-ag community, the reaction has been near euphoric. Merrigan has made the "sustainable dozen" list of deputy secretary candidates put forward by Iowa-based Food Democracy Now.

<more>
http://www.organicconsumers.org/articles/article_17013.cfm

[Stevepol]

15. As to why O chose such an obvious misfit, two words: Rahm Emmanuel.

Hope I'm wrong but in every big screw-up of the O admin, Rahm E. was central it seems to me. Fire Rahm and O becomes a 200% better prez IMHO.

[knightinwhitesatin]

16. Is it me

or is Geithner the worst Cabinet pick President Obama made?

[AllentownJake]

18. He won't be around after 2010

He's a liability. The reports of his role in the AIG bailout and other issues will become campaign fodder in 2012. He'll be fine he'll get a nice consulting group job and some board appointments, maybe a University to run.

Geithner is part of the Bailout group and after the crisis is over, his services will no longer be needed. No matter how the economy plays out, the government actions focused on Wall Street and the little help that was delivered to rank and file Americans is always going to be unpopular.

Economy gets better or it doesn't get better. Geithner will no longer have his signatures on dollar bills in 2011.

[unabelladonna]

20. jim rogers on tim geithner

this is my first post, so i'll hop in without testing the water. as soon as tim geithner was revealed to have tax issues, the prez should have withdrawn his name. i'm not overly comfortable with all the wall streeters slithering around. bring in the academics to head the various agencies. they're the brightest and more honorable than the politicians and businessmen.

[AllentownJake]

21. Geithner knows the players

and is accustomed to the back room deal, someone form a University wouldn't understand that.

On days like today when the rest of the world goes into a panic, having someone like Geithner around is helpful. He can get Wall Street players to prop up the market for a day till the panic leaves.

I don't like Timmeh, I think he is scum. But today Tim Geithner did what he was hired to do. He kept things rational on bad news. He spent his Thanksgiving on the phone ensuring that the US markets didn't follow the lead or Europe and Asia.