http://www.youtube.com/watch?v=J0NrPTMDfPA Senators chastise Timothy Geithner like an unruly schoolboy. Wall Street laughs at him. And potential assistants avoid him like the plague. It’s quite a comedown for the guy who was called “the smartest man in Washington” just two months ago.
Now prominent New York attorney H. Rodgin Cohen has become the latest Tim Geithner nominee to withdraw from consideration for the No. 2 job at the Treasury Department.
Fact is, the Obama administration is having big trouble filling posts at the Treasury Department. Geithner is the only nomination that’s cleared the Senate confirmation process.
A story earlier this week said:
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.
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.
With that in mind, that image of Tim Geithner toiling away at an isolated desk in the middle of a warehouse-sized office, dining on a cold pizza and a warm beer, we dedicate this song to the overworked and under-appreciated Secretary of the Treasury.
Source: Associated Press
