Wednesday, January 14, 2009

Disqualified

For my money, and some of it is, Timothy Geithner is unqualified to be Secretary of the Treasury.

As I noted in my post, eCONomic CONfidence?, Geithner put together the the original rescue plan for the American International Group (AIG).

Wait, there's more...

Geithner also oversaw and regulated an entire industry whose decline has delivered a further blow to an already weakened American economy. Under his watch, some of the biggest institutions that were the responsibility of the New York Fed — Bear Stearns, Lehman Brothers, Merrill Lynch and most recently, Citigroup — faltered.

Now comes word that the nominee didn't pay Social Security and Medicare taxes for numerous years for himself and a household employee.

Per the departments own web site, Duties & Functions of the Secretary of the Treasury include formulating and recommending domestic and international financial, economic, and tax policy (my highlight).

The Internal Revenue Service (IRS) is the largest of Treasury's bureaus and makes up the largest piece of the Treasury's budget.

Even with all this information, Senator Orrin Hatch (R-UT) said, "He's a very competent guy."

Only in Washington D.C. and the scientific community is united in that fact.

I haven't even touched on his employment of an immigrant housekeeper who lacked proper work papers.

An issue that previously ended the nominations of two women, Zoe Baird and Linda Chavez.

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