John Ransom
Recommend this article

In the latest remodeling of Obama’s economic strategy in front of the 2012 elections, a number of media outlets are reporting that Treasury Secretary Tim Geithner is getting ready to depart after Obama concludes debt ceiling and budget negotiations with the GOP.

Geithner’s departure would follow that of Obama’s previous top-economic advisor, Austan Goolsbee. Goolsbee announced his departure at the beginning of June.

“In the clearest sign that the administration's economic policies have failed,” I reported in Townhall on June 7th, “the White House announced Monday night that Austan Goolsbee, Obama's economic recovery guru, is leaving the administration for a teaching job with  the University of Chicago.” 

Now Obama’s newest, toppest econ advisor may be walking the plank as well.   

“Treasury Secretary Timothy Geithner may resign after President Barack Obama reaches an agreement with Congress on raising the national debt limit, CNBC, Bloomberg News and other media reported Thursday, citing unidentified sources,” says the Washington Business Journal.

Um, can he leave before those negotiations take place or maybe ASAP? Like, right now?

Because Reuters is reporting that Geithner hasn’t yet made up his mind.

“Treasury Secretary Timothy Geithner will not make any decision about leaving the Obama administration while focused on striking a deal to raise the U.S. debt limit, a U.S. Treasury official said on Thursday,” reported Reuters. “Earlier on Thursday, Bloomberg News reported that Geithner was considering leaving his post once a deal to raise the U.S. debt limit was reached.”

By pre-announcing his departure, and then saying that maybe he will or maybe he won’t leave, Geithner is displaying that same kind of lassitude that afflicts the administration on a lot of issues.

War, peace, jobs, wages; about the only things the administration really seem committed to are raising taxes, campaign funds and Obama’s backswing.

Geithner probably didn’t hear the words “fore” before this backswing from Obama smacked him in the head.

That’s likely because chief of staff Bill Daley told Obama that a head knocking was due.

Recommend this article

John Ransom

John Ransom is the Finance Editor for Townhall Finance.
TOWNHALL FINANCE DAILY

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!