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Author Topic: Geithner doesn't expect Obama to keep him for a second term  (Read 528 times)
Joe Republic
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« on: January 26, 2012, 04:30:13 am »
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Quote from: http://www.bloomberg.com/news/2012-01-25/geithner-doesn-t-expect-obama-to-ask-him-to-stay-if-he-wins-re-election.html

Treasury Secretary Timothy F. Geithner, the last member of the Obama administration’s original economic team, said he doesn’t expect to remain in office if the president is re-elected.

“He’s not going to ask me to stay on, I’m pretty confident,” Geithner said in an interview with Bloomberg Television yesterday in Charlotte, North Carolina. “I’m confident he’ll be president. But I’m also confident he’s going to have the privilege of having another secretary of the Treasury.”

...

In the interview, Geithner said he would do “something else” after leaving the Treasury Department, without specifying what that would be. In August, an administration official said Geithner would stay in his job at least through this year’s presidential election.

Erskine Bowles, chief of staff under President Bill Clinton, and Democratic Senator Kent Conrad of North Dakota could be among the potential candidates to succeed Geithner, said Mark Calabria, director of financial regulation studies at the Cato Institute in Washington.
« Last Edit: January 26, 2012, 04:31:48 am by Joe Republic »Logged
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Paul Kemp
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« Reply #1 on: January 26, 2012, 01:19:55 pm »
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How the hell does he come out and say this? Who's running the show here?
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« Reply #2 on: January 27, 2012, 01:42:02 am »
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Quote from: Dale Cooper on January 26, 2012, 01:19:55 pm
How the hell does he come out and say this? Who's running the show here?

Read between the lines: Geithner is leaving one way or the other at the end of this year. He is calling the shots on this, not Obama.
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« Reply #3 on: January 27, 2012, 01:52:06 am »
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Will Obama attempt to find someone who is actually worse?
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« Reply #4 on: January 27, 2012, 11:57:06 am »
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Quote from: Politico on January 27, 2012, 01:42:02 am
Quote from: Dale Cooper on January 26, 2012, 01:19:55 pm
How the hell does he come out and say this? Who's running the show here?

Read between the lines: Geithner is leaving one way or the other at the end of this year. He is calling the shots on this, not Obama.

“He’s not going to ask me to stay on, I’m pretty confident,”
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Politico
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« Reply #5 on: January 27, 2012, 03:33:23 pm »
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Quote from: Dale Cooper on January 27, 2012, 11:57:06 am
Quote from: Politico on January 27, 2012, 01:42:02 am
Quote from: Dale Cooper on January 26, 2012, 01:19:55 pm
How the hell does he come out and say this? Who's running the show here?

Read between the lines: Geithner is leaving one way or the other at the end of this year. He is calling the shots on this, not Obama.

“He’s not going to ask me to stay on, I’m pretty confident,”

He's letting Obama know that he is not coming back while simultaneously allowing Obama to save face.
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« Reply #6 on: January 28, 2012, 11:06:37 am »
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Quote from: ○∙◄☻¥tπ[╪AV┼cVê└ on January 27, 2012, 01:52:06 am
Will Obama attempt to find someone who is actually worse?
Who's Golman's CEO again? I'm sure he'd do great.
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« Reply #7 on: January 28, 2012, 11:33:01 am »
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Of the two names mentioned in the OP as replacements, I would suggest that he choose Bowles instead of Conrad since North Dakota is still a red state and could very well cause the Democrats to unnecessarily lose a seat in the Senate which if it remains this close, could be the difference between Majority Leader Harry Reid and Majority Leader Mitch McConnell.
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« Reply #8 on: January 28, 2012, 02:01:21 pm »
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Quote from: And then there were 4 on January 28, 2012, 11:33:01 am
Of the two names mentioned in the OP as replacements, I would suggest that he choose Bowles instead of Conrad since North Dakota is still a red state and could very well cause the Democrats to unnecessarily lose a seat in the Senate which if it remains this close, could be the difference between Majority Leader Harry Reid and Majority Leader Mitch McConnell.

Conrad announced a whole year ago that he was retiring from the Senate at the end of his present term (which expires in 2012), so the seat will probably go Republican anyway, and Conrad would be available anyway.  Either Bowles or Conrad would be good choices, I think.  Whatever the circumstances, it's best Geithner leaves anyway.
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« Reply #9 on: January 28, 2012, 02:35:26 pm »
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Quote from: anvi on January 28, 2012, 02:01:21 pm
Quote from: And then there were 4 on January 28, 2012, 11:33:01 am
Of the two names mentioned in the OP as replacements, I would suggest that he choose Bowles instead of Conrad since North Dakota is still a red state and could very well cause the Democrats to unnecessarily lose a seat in the Senate which if it remains this close, could be the difference between Majority Leader Harry Reid and Majority Leader Mitch McConnell.

Conrad announced a whole year ago that he was retiring from the Senate at the end of his present term (which expires in 2012), so the seat will probably go Republican anyway, and Conrad would be available anyway.  Either Bowles or Conrad would be good choices, I think.  Whatever the circumstances, it's best Geithner leaves anyway.

I wasn't aware that Sen. Conrad is going to retire.  It makes sense then that his name would come up.
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Quote from: politicus on December 09, 2012, 10:14:44 pm
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« Reply #10 on: January 28, 2012, 02:48:58 pm »
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I would very much presume he informed Obama of his decision to retire, and also to make it public, before he went on tv with it. Whether he had the President's consent for the latter, though... that doesn't necessarily follow.
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« Reply #11 on: January 30, 2012, 11:50:12 pm »
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He can't ask anyone to serve a second term if he's not taking a certain oath in 2013...
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« Reply #12 on: February 01, 2012, 03:00:49 am »
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Conrad might be a decent choice.  ND is the only state with a central state bank... and I think it has done them some good over the years.
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« Reply #13 on: February 01, 2012, 03:06:59 am »
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Why not an Economics Ph.D?
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« Reply #14 on: February 01, 2012, 03:11:55 pm »
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Quote from: phk on February 01, 2012, 03:06:59 am
Why not an Economics Ph.D?

If you had to choose between two mechanics, who would rather have: A guy who know everything written down abouts cars but have never been near one, or a guy who may not know everything theorectic detail, but who have repaired cars for years?

It's really the question who do prefer the academic or the craftman?
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