Obama exerts "intense pressure" for Geithner to stay on as Treasury secretary

[Bluebear]

WASHINGTON — Timothy F. Geithner, the Treasury secretary and dean of President Obama’s economic team, is expected to stay through the president’s term after intense White House pressure, according to officials familiar with the discussions.

But Mr. Geithner has not yet notified the White House of his intentions, and family considerations could still win out, advisers say.

Speculation from Washington to Wall Street has intensified because Mr. Geithner, the only holdover at the center of Mr. Obama’s original economic circle, said a month ago that he would decide on his future after the White House and Congress reached a deal to increase the nation’s debt ceiling. Mr. Obama signed that deal into law on Tuesday.

Mr. Obama and his chief of staff, William M. Daley, have been urging Mr. Geithner to stay, administration officials say, not only for continuity when the economy has weakened and to avoid an all-but-certain confirmation fight in the Senate over a successor, but also because Mr. Obama has developed a close rapport with Mr. Geithner.

http://www.nytimes.com/2011/08/04/us/politics/04geithner.html?_r=1

[w4rma]

1. Ugh. (nt)

[TheKentuckian]

2. Obama doesn't want the country to prosper, just the wealthy.

[William769]

3. If it doesn't work, don't fix it.

Rec.

[Bluebear]

13. !

[Firebrand Gary]

4. Ugh another confirmation fight.

[WinkyDink]

5. You're kidding, right?

[Lorien]

6. Too bad that the WH never felt as passionate about Elizabeth Warren

I swear, they are hellbent on committing political suicide.

[Bluebear]

9. Indeed

[JDPriestly]

7. Obama is HOPEless.

Tonight my congressman held a telephone conference. The percentage of listeners on the call who want to have the taxes raised on the rich and who absolutely do not want Social Security or Medicare "on the table" bodes very badly for Obama.

I think we will have a challenger in 2012. Obama just has this bad limp that causes him to turn toward the right. He doesn't seem to be able to correct his gait.

People are really, really fed up. It isn't just me. It isn't just DUers. It's a lot of people.

[readmoreoften]

8. Yet the Obama Delusion continues.

[Bluebear]

14. +

[MissDeeds]

20. Agreed n/t

[Bluebear]

26. I love your name

Always cracks me up :)

[MissDeeds]

27. Hey, thanks Bluebear!

:hi:

[corpseratemedia]

10. way to signal you want the double dip to REALLY dip..

hopeless is the truth

[newfie11]

11. I give up

This country is doomed!

[sendero]

12. After all..

.. his tenure has been such a rousing success for the country.

[nashville_brook]

15. dysfunctional.

[Bluebear]

23. +

[nashville_brook]

16. dysfunctional.

[Bluebear]

31. ¥

[piratefish08]

17. he has no intention of helping anyone but the rich in this country.

we've been hoodwinked.

[BiggJawn]

18. How can we exert "intense pressure" for him to LEAVE? n/t

[exboyfil]

19. I remember when Geithner was first considered for the post

I said it was a bad idea at the time, and I stand by my guns. I would like to see some entrepreneur who, after creating a successful business in an industry which actually makes something (note not financial or logistics based), went on to additional economics training.

[MissDeeds]

21. Obama exerts "intense pressure"

Wish he use some of that pressure against Republicans. His choices are one disappointment after another.

[Javaman]

22. Well, let's be real...

it's the only way Obama can guarantee campaign money from wall street.

if little timmy is allowed to go away, all of his wall street buddies will go with him.

[Bluebear]

25. !

[Romulox]

24. Unrec, simply because of the gagging sensation. nt

[blkmusclmachine]

28. That'll help keep all their dirty little secrets within "The Family."

n/t

[hifiguy]

29. Disgusting, absolutely disgusting

but I am sure he has received his marching orders from his buddies on Wall $treet that want the little troll to stay.

:puke::puke::puke::puke::puke::puke:

[gkhouston]

30. Didn't know we were experiencing a stooge shortage. Couldn't Panetta take a second job? n/t

[Poll_Blind]

32. Disappointing, to say the least.

PB