US Economic Crisis & Obama/Geithner Cannot Staff Treasury Dept, Annette Nazareth & Caroline Atkinson Withdraw
Is Geithner really the man for the job? Geithner was portrayed by Obama as the only man for the Treasury Secretary job, now it appears he is just as much a novice as the rest of Obama’s choices.
The Chosen One does realize that this all is a reflection on his leadership, right?
As if Treasury Secretary Timothy Geithner is not struggling enough in his job of trying to help fix an ailing US economy and the Obama Bear Market, it appears that he cannot get the simple tasks done of staffing his department. After months of vetting, Geithner’s selection for his Chief Deputy, Annette Nazareth, has withdrawn her name.
He wants me to do what? I can’t even staff my department.
The person Treasury Secretary Timothy Geithner wanted as his chief deputy has withdrawn from consideration, dealing a setback to the understaffed agency as it struggles to address the worst financial crisis in decades.
Annette Nazareth, a former senior staffer and commissioner with the Securities and Exchange Commission, made “a personal decision” to withdraw from the process, according to a person familiar with her decision.
Annette Nazareth and Caroline Atkinson, Two candidates for top jobs at the Treasury have withdrawn their names from consideration. They are falling like flies. Could it possibly be that they want no connection to Obama’s economic policies?
As Michelle Malkin so aptly puts it with the aid of rock group Queen … Another One Bites the Dust.
Wasn’t it said that Timothy Geithner, Turbo Tax problems and all, was the only man in America that could do the job of Treasure Secretary? Of course it seems that every time Geithner speaks, when he is allowed to, it just makes matters worse. Fix the problems? Geithner cannot even seem to staff his department as not one of his 17 deputies has been named, let alone confirmed.
Geithner has been criticized for staffing his department too slowly as it grapples with a banking crisis that has crippled the economy. Uncertainty about Treasury staff also has unnerved financial markets.
Five weeks into his tenure, he has yet to name a single top deputy or assistant secretary. This has left Treasury with too few people authorized to make decisions or represent the department in meetings with stakeholders.
The latest three to jump ship are Annette Nazareth, Caroline Atkinson and Dr Sanjay Gupta. As reported at Flopping Aces, of the 1,200 government appointees Obama gets to fill he has only filled 70 of them. Oh wait, nearly 50 days into the Obama Presidency in what has been decribes as the worst economic crisis in America since the Great Depression and Obama has nominated David S. Cohen, Alan B. Krueger and Kim N. Wallace to the understaffed Treasury Department.
Obama nominated David S. Cohen to be Assistant Secretary of Treasury for Terrorist Financing, Alan B. Krueger as Assistant Secretary of Treasury for Economic Policy, and Kim N. Wallace as Assistant Secretary of Treasury for Legislative Affairs.
The Treasury Department has been notably understaffed amidst Geithner and the administration’s work to stabilize the U.S. financial industry.