Tag Archives: Geithner confirmed

Geithner confirmed as secretary of the treasury (Update)

WASHINGTON (AP) – The Senate has confirmed New York Fed chief Timothy Geithner to be President Barack Obama’s secretary of the treasury (and head up the IRS).

The 60-34 vote puts Geithner at the helm of Obama’s plan to rescue the economy from the worst financial crisis in three generations. It also dislodges one of Obama’s most troubled nominations.

Some senators were concerned that Geithner, who would oversee the Internal Revenue Service, did not pay all of taxes until he had been tapped to the president’s Cabinet. Geithner called it an unintentional oversight and settled his over $34,000 0verdue tax bill.

I’d like to get a list of the votes,** but some notable Republicans to oppose the nominee is moderate Republican Susan Collins. Other Republicans to announce their “no” votes today, included Chambliss, Inhofe, Thune, and Martinez.

Senator Tom Harkin (D-Iowa) spoke on the floor against the confirmation.

Mr. Geithner not only didn’t pay his taxes according to law but he is the president of Federal Reserve Bank of New York and was the mastermind behind the first $700 billion bailout (TARP) – failure. I wonder if the reason he just has to be the Treasury Secretary is because of what someone else might find “buried” at the Treasury Department, as in, how did we get in this mess we’re in and that he can be trusted not to expose anyone?

He is going to be sworn in right away, as in a matter of seconds!

This is pretty disgraceful.

UPDATE:**

votingroll

Thanks to Michelle Malkin for the voting list.  She has a video on her site of Senator Inhofe of Okalahoma who states the case for a NO vote very well.

Posted: 01.26.09

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Filed under Barack Obama, Financial Crisis, politics, President Barack Obama, Uncategorized