US Treasury Secretary Timothy Geithner is practically alone on the job, working night and day to cope with the worst economic downturn in decades.Of the 15 key Treasury Department positions that require Senate confirmation, only one has been filled. Stuart Levey, a leftover from the previous administration, who as under secretary of the treasury for terrorism and financial intelligence, is not central to the crisis management however.<\/p>\n
Unemployment figures which revealed Friday that 651,000 jobs were lost in February, showed the recession is running ever deeper, but Geithner, who started work in late January, has no deputy secretary, no under secretaries for international affairs and no deputy under secretaries.<\/p>\n
Annette Nazareth, who had been expected to be chosen as deputy secretary — Geithner’s top aide — has withdrawn her name, the Wall Street Journal reported in its online edition, citing people familiar with the matter.<\/p><\/blockquote>\n
I don’t even know what say at this point… There seems to be something fundamentally broken with administration… Call it lack of experience or lack of urgency or whatever but there seems to be an almost cavalier attitude towards actually leading and governing this nation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chris Wallace tossed out an interesting factoid on Fox News Sunday this morning… Out of 800 cabinet positions that require Senate confirmation Barack Obama has only nominated 44 and of those only 28 have been confirmed. I’m hoping I heard that wrong it strikes me as being an absurdly low number seven weeks into an […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26,7],"tags":[462,506],"class_list":["post-1631","post","type-post","status-publish","format-standard","category-economy","category-politics","tag-obama-administration","tag-tim-geithner","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-qj","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1828,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/27\/john-shadegg-geithner-needs-to-explain-shift\/","url_meta":{"origin":1631,"position":0},"title":"John Shadegg: Geithner Needs to Explain Shift","author":"Jeff","date":"March 27, 2009","format":false,"excerpt":"Congressman John Shadegg (R-AZ) wants to know why Treasure Secretary Tim Geithner isn't facing tough questions over his apparent change in positions on China\u2019s request to abandon the dollar as the global currency: (CNSNews.com) \u2013 An Arizona congressman wants to know why Treasury Secretary Timothy Geithner isn\u2019t facing tough questions\u2026","rel":"","context":"In "Education"","block_context":{"text":"Education","link":"https:\/\/www.jasetaro.com\/blog\/category\/education\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1800,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/25\/idiot-geithner-speaks-dollar-sinks\/","url_meta":{"origin":1631,"position":1},"title":"Idiot: Geithner Speaks, Dollar Sinks","author":"Jeff","date":"March 25, 2009","format":false,"excerpt":"In remarks before Council on Foreign Relations today Treasury Secretary Tim Geithner said the U.S. is open to an SDR linked currency... Geithner later clarified his remarks by saying that \"the dollar remains the world's dominant reserve currency\" and that that is likely to continue for some time, but the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1785,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/24\/obama-administration-seeks-broad-power-to-seize-firms\/","url_meta":{"origin":1631,"position":2},"title":"Obama Administration Seeks Broad Power to Seize Firms","author":"Jeff","date":"March 24, 2009","format":false,"excerpt":"This is rather frightening, the Obama administration is not only seeking broad power to regulate risk on Wall Street, they're also seeking the broad power to seize companies that the Treasury Department thinks may represent a risk to our economy if they fail: Treasury Secretary Timothy F. Geithner is set\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2285,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/06\/01\/tim-geithner-is-a-laughingstock-in-china-too\/","url_meta":{"origin":1631,"position":3},"title":"Tim Geithner is a Laughingstock in China, Too","author":"Jeff","date":"June 1, 2009","format":false,"excerpt":"Ouch, Treasury Secretary Tim Geithner who has become pretty much a permanent punch line here is apparently a laughingstock in China too (emphasis mine): U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3011,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/11\/19\/wsj-geithner-under-fire-amid-frustration-on-economy\/","url_meta":{"origin":1631,"position":4},"title":"WSJ: Geithner Under Fire Amid Frustration on Economy","author":"Jeff","date":"November 19, 2009","format":false,"excerpt":"Normally I'd say the calls for Treasury Secretary Tim Geithner's resignation were just hot air but given the recent disclosures about his role in AIG bailout while President of the New York Federal Reserve Bank, I suspect this is more than just normal political blustering: Snowballing frustration about the economy\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2568,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/04\/wsj-obama-advisers-set-groundwork-to-raise-taxes-on-middle-class\/","url_meta":{"origin":1631,"position":5},"title":"WSJ: Obama Advisers Set Groundwork to Raise Taxes on Middle Class","author":"Jeff","date":"August 4, 2009","format":false,"excerpt":"You don't have to be an economist to realize the Obama Administration's budget numbers don't add up and that he's going to have raise taxes on more than just those earning more than $250,000.00 to pay for his agenda. With that in mind it's not surprising that White House economist\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=1631"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1631\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=1631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=1631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=1631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}