Update: The Senate Finance Committee has approved the Tim Geithner nomination and now the Senate expects to vote on the nomination on Monday … it is a done deal.
The committee approved the nomination on an 18-5 vote, sending it to the full Senate. President Barack Obama is hoping for quick approval so that the point man for the administration’s economic rescue effort can begin work.
The committee vote came a day after Geithner appeared before the panel to apologize for what he called “careless mistakes” in failing to pay $34,000 in taxes earlier in the decade, when he worked at the International Monetary Fund.
He failed to pay his self employment taxes … repeatedly, despite being warned by his employer, the IMF, and receiving compensatory payment for them. In addition he was caught taking deductions for items that are not deductible. Today … Tim Geithner told folks … hey sorry. But, at least for me, the words rang hollow.
Still … is this the best we can do? I am not the only one asking.
Uniquely qualified? Meaning that Geithner’s the only person in America who can run the Treasury? Somehow, I find that extraordinarily difficult to believe. If for some reason Geithner withdrew, would Obama not fill the role with someone else? It’s more difficult to believe that a man who couldn’t figure out his own taxes is the best-qualified man for the job.
It’s a good post … read it all.