Congressman Wants Timothy Geithner to Clarify His Position on Abandoning the Dollar

  Timothy Giethner has given conflicting statements when he has been asked about whether the United States should abandon the dollar in favor of a global currency.  In front of one audience he said one thing in front of another he said the exact opposite.

   While he was testifying in front of congress he said he wouldn’t consider the idea of abandoning the dollar but then the next day while in front of the Council on Foreign Relations he said he was “open” to the idea. This remark led to the value of the dollar plummeting and so Geithner had to again flip-flop on the issue. Where does he really stand? Was he lying while under oath to congress?

  At least one congressman would like to hear Timothy Giethner explain himself and clarify his true position. Not that he can be believed, he has a history of dishonesty as Congressman Shadegg also points out.

Beginning with his tax difficulties, and continuing through the puzzling narrative of when and what he knew about the AIG bonuses, Treasury Secretary Geithner has done little to inspire the confidence of the American people,” said Shadegg.  “Oddly, Secretary Geithner continued his bizarre and puzzling conduct this week, making flatly contradictory statements about the dollar in a span of only 24 hours. This weakens confidence not only in him, but in the currency he is entrusted to protect

On Tuesday,” said Shadegg, “Secretary Geithner testified before the House Financial Services Committee that he ‘categorically renounces,’ recent proposals from China and others to shift away from the dollar as the world’s reserve currency.  The next morning in New York, speaking to the Council on Foreign Relations, he was asked about the same proposals and said he is ‘quite open,’ to them

  How can this man be trusted? From his dishonest tax reporting, to his dishonest excuse for his tax cheating, to his outright lie about the AIG bonuses, to this latest example. The man is a tax cheat and a fraud.

  Shadegg has just one question for Timothy Geithner and I feel that we should know the answer.

“Is he intentionally dissembling here, or is he just lost and is so much in over his head that he’s not up to the job?”

  I don’t think that this question requires an either/or answer, I think the answer is both. This man should have been disqualified as Treasury Secretary the instant that it was learned he was a tax cheat, however being a tax cheat is a plus, just ask Charlie Rangel. Timothy Geithner’s tax problems were much more egregious than were Tom Daschle’s yet Daschle had to step aside while Geithner was excused because, we were told, he was uniquely qualified for the job. He was the only man that could save the economy.

  Now we are learning that besides being a tax cheat he is incompetent, he is two faced, and he is a liar. He has all of the bases covered. Other than that he is an upstanding man.