HolyCoast: Recovery Summer! "Turbo Tax" Timmy Geitner is Going to Quit
Follow RickMoore on Twitter

Friday, July 01, 2011

Recovery Summer! "Turbo Tax" Timmy Geitner is Going to Quit

There may be hope for the economy yet - the Treasury Secretary who presided over the greatest increase in national debt ever is going to quit.  He's supposed to leave once the debt ceiling negotiations are done.  James Pethokoukis has some thoughts:
After the debt negotiations? That means he's never leaving! (That's a joke.) We'll see. But I have been working my sources to compile a speculative short list of whom might replace Geithner should that become necessary. Kind of a "I could see so and so ..." Among the names popping up: Gary Gensler of the CFTC, OMB head Jack Lew, former Clinton economist Laura Tyson, and Facebook COO Sheryl Sandberg.

Other names from other media outlets: NYC Mayor Michael Bloomberg, JPMorgan CEO Jamie Dimon, investment banker Roger Altman, former Clinton chief of staff Erskine Bowles, outgoing FDIC boss Sheila Bair, current White House chief of staff Bill Daley, former Obama economist Larry Summers and GE CEO Jeff Immelt. My sources are particularly dubious about Bair, Dimon, Bloomberg, and Summers. No one mentioned Elizabeth Warren who would be unconfirmable. And for the heck of it: Hillary Clinton. If she's good enough for the World Bank (or not) . . . [An add: investment banker Roger Altman.]

Key considerations: Confirmability, crisis management skills, relations with Republicans, fit with the themes of the 2012 reelection campaign. Plus you have to find someone who wants the job.
I'm wondering if they'll be able to get anyone confirmed assuming someone wants the job.

No comments: