spectator.org/archives/2009/03/06/treasury-these-moments
They have nothing on what we're going through here," said a career Treasury Department official after learning yesterday that former US Securities and Exchange Commission member Annette Nazareth had withdrawn from consideration to serve as deputy Treasury secretary. Senior White House officials were telling reporters on background last night that Nazareth withdrew from consideration because initial feedback from the Senate on her possible nomination was that she would endure a tough confirmation process due to her role at the SEC directing oversight of market regulation. But associates of Nazareth familiar with the situation say that there were other reasons for her to pull out.
Geithner," says a colleague of Nazareth's at the law firm, Davis Polk & Wardwell. Nazareth's decision is doubly embarrassing for the Obama White House because, her husband, Roger Ferguson, current CEO of TIAA-CREFF and former Vice Chairman of the Board of Governors of the Federal Reserve System, currently serves on the Economic Recovery Advisory Board, a post he was given by Obama. Creating further confusion at Treasury, Caroline Atkinson, who currently works at the International Monetary Fund, also withdrew from consideration as undersecretary for international affairs. According to Treasury and Capitol Hill sources, her decision was linked to possible tax situations similar to that of Geithner. There is no leadership," says another senior career Treasury official. We have a secretary who seems to have no understanding of what his job entails, and no one in the White House seems to either know it or want to acknowledge it. We have people making decisions who shouldn't be making decisions, and in positions where we should have people making decisions about our domestic economy, our banking system and our Wall Street recovery plan, we have no one. People should be alarmed by this, but no one seems to care." Currently, the only Senate-confirmed undersecretary is Stuart Levey, undersecretary for terrorism and financial intelligence, but he is a Bush Administration confirmee, held over by the Obama Administration. Late Thursday night rumors swirled around the Obama White House that Lee Sachs, a former assistant Treasury secretary in the Clinton Administration, who worked on the Obama transition team and who was "pitching in" in an advisory role for Geither, was also mulling withdrawing from consideration for a senior Treasury post. Both Treasury officials who spoke on background say that there is a growing lack of confidence within the department over Geithner. One said, "He is a nice man, but he is out of his depth." On Wednesday, according to a senior Democratic leadership aide, Sen. Max Baucus, chairman of the Senate Finance Committee, was "underwhelmed" by Geithner's performance during testimony on the budget. "I think it's safe to say that at least the Senate Democratic leadership is less than pleased with the performance of this White House and this Treasury Department.
Gov Sanford could appoint a real conservative to take Graham's place. Some "soaring rhetoric" could fix all the problems at Treasury. Tank the economy, so his internal security force can take over and move the kulaks out. Started re-reading Ayn Rand's superb classic a short time ago ("1984" is next, again; In my edition, page 324 kinda starts a recitation of what I view as the thinking in Obama's futile Treasury exercise. Yet, the uneducated (with the complicity of the cheerleading media) still think that neo-Marxist is great? We're in serious trouble, gang -- and "Atlas Shrugged" should be required-reading for congress - - but I doubt they'd comprehend its meaning.... I was just watching Scarborough and they were talking about radical Islamists and when they take over a country's government, the country falls into economic ruin, murder and famine (like Darfur). They have sat on the outside of this country's day to day workings bitching about hope and change. But when it is their turn to run things, they don't have a clue and probably disable any adults they do have on staff. With crazy goals (like ruining an economy, raising spending, giving away health care, giving bailouts to companies that don't have customers like GM), they are dooming us to economic failure. Hunker down america, support the companies that do things right (Ford didn't take a bailout). Anyone is in a powerful position and makes a conscious decision not to pay their taxes, is a weasel. I have become convinced that Obama has hit on a solution, if he would only carry through on it. Obama's fascination with tax cheats and crooks presents an opportunity for success, but it's too obvious, and perhaps that's why the Obama White House has missed it. FEMA and the Department of Justice need to scour America's prisons to seek former crooked accountants, CPA's, and former crooked CEO's who would like to seek a government appointment. Our prisons are full of white collar criminals and other then the fact they got caught and couldn't use their political connections to stay out of trouble or get a pardon from Bill Clinton, they are probably as good at scamming the American public out of their wealth as the current White House staff. This would put people currently out of work to work in the Obama administration allowing him to claim a moral victory if nothing else. It would also save the taxpayers money as hundreds of white collar criminals are taken off of one public dole and put to work with the rest of the White House staff. I urge the public to e-mail the White House with this suggestion so we can help them accomplish their goal of total criminality. Peggy Noonan on Scarborough and now they are blaming the republicans for 8 FAILED YEARS and THEY ARE CRITICIZING THE REPUBLICANS FOR NOT OFFERING AN ALTERNATIVE PLAN. the adult investors who have gotten out of the market will start putting their money in the market. To say our republic is in peril for it's life is an understatement. There is no way any self respecting democrat can look at this gigantic mess and claim the "change" the slick obama campain promised has even the slightest chance of happening. Democrats, you have to admit that this is super-wicked ugly and that the dude you voted for doesn't exist. He doesn't have the experience needed to drive a grabage truck, much lead the United States of America! And they the liberal dems and the rest of the cheats will be held accountable by the people of this country. Those of us who remember the disaster of Jimmy Carter will remember BO as being worse. Huge spending on funding terrorism, Credit cards, usury, theft. No spending on development, huge spending on plots to take over oil producing countries, to control and dictate, state sponcered theft and robbery,the murder of children, looting of foreign countries. While all this was going on no one took into account of the cost. The Iraq venture of theft mass murder and distruction with the only aim the theft and robbery of the Iraqi people, leaving unexploded cluster bombs and mountains of depleated urainium bombs to create deformed babies, which will be radio active for 45 billion years. No care about the fact that the troops in the area will eventually develope cancer and die. The son's and daughters of Cain, who killed his own brother, and sold one of his brothers into slavery their actions is like the scorpion to sting as it is to kill it's in their nature, the earth cries out because it's soaked with the blood of his brothers. I suggest something smaller that will fit on a poster board. He allowed the McLellans in the Pentagon to goof around with a no-win policy for 3-4 years longer than necessary, 'til ge got Petraeus in there -- AND, he should have either insisted that we get paid for our efforts in oil, or the coin-of-the-rhelm, cash from Iraqui oil profits. Have to also agree with another writer - - if you think Jimmy Carter was bad, this present neo-Marxist will make Jimmy's futility look like chump-change. You can probably download them into your binkie if you are too young to know how to read words longer than 4 letters. My opinion is that nobody wants to touch this, you s...
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