Geithner's Treasury Tax Woes: He's Too Big to Fail
So Timothy Geithner, Barack Obama's pick for treasury secretary, failed to pay $42,000 in taxes and once employed a housekeeper whose work permit had expired. Although revelations similar to these killed the chances of some previous cabinet selections, Geithner is apparently regarded in Washington as too big -- or, at least, too important -- too fail. Must be nice. This, from Politico:
Finance Committee Chairman Max Baucus (D-Mont.) said the revelations did not disqualify Geithner, and he said it was crucial for Obama to have a new Treasury secretary in place when he takes office next week. Sen. Charles Schumer (D-N.Y.) said the economic problems facing the country are too serious to allow Geithner’s nomination to go down.
Me: Is one of the responsibilities of the Department of the Treasury the collection of taxes? Why, yes it is.
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Reader Comments
Need Someone Very Honest
We're going to need a very honest guy at this position. The TARP Reform Bill that Barney Frank is trying to push through not only gives the banks the remaining $350 billion, it gives the banks access to more money through direct borrowing by the FDIC and Treasury without Congressional oversight.
http://ewebsmith.com/Gov/tarpreform.html
It is telling that Team Obama KNEW about this + still nominated him. What does that say? To me, it says that having one party govt will lead to arrogance and ultimately, policies that are in the interest of the Democratic party and the special interest groups they cater to. Not only do we have one party govt, we essentially have a one party press. This will be a very dangerous time for America as we may never be able to untangle the destructive influence of policies that will be rammed down our throats.
More of the same
This typical of 21st century America. The rich and powerful can do anything they want and get away with it, while us poor taxpayers foot the bill. If this guy is so astute, how come he doesn't know how to get his taxes done properly. FI I ever tried to pull a stunt like this the IRS would sock it to me but good.
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