Dylan Ratigan has been saying what 99.9% of duers have been

[ej510]

saying from the beginning, and that is Obama needs to can Timothy Geithner yesterday. He never should've been hired.

[Phoebe Loosinhouse]

1. It's getting embarrassing about the Goldman Sachs connection as more and more

is being written about Goldman Sachs.

[Jennicut]

2. When is the right time to get rid of him?

I know many would say know but politically when does Obama can him? I doubt he lasts beyond 2010.

[AllentownJake]

4. Correct

Firing Geithner would make a single that the policies are not working which will raise doubts.

I have doubts about administration economic policies but the surest way to ensure their failure is to fire members of the economic team.

Geithner can't be fired till after the mid-terms and if he is fired than we are in serious trouble.

[ej510]

5. Then make him ask for tough regulation.

[AllentownJake]

6. Not going to happen

We are stuck with the half Hoover, 25% FDR, 25% Bill Clinton policies.

[ej510]

7. I know, it makes me think Obama is a corporate democrat.

[AllentownJake]

8. His political funeral

I have no where to go but up from where I'm sitting.

[Hippo_Tron]

15. That's up to the President

Geithner and the Treasury Department can advise the President on what sort of regulation he should push for. But once the President makes his decision Geithner and Treasury are expected to go out and sell it to Congress. If they are not doing that then it was a White House decision.

[Jennicut]

20. I agree. After the midterms. We will hold our noses until then.

[ej510]

3. Timothy Geithner wants to keep deregulation alive.

[OHdem10]

9. Since Wall Street runs the country, Remove Geitner and Replace

him with another from Goldman Sachs.

[ej510]

10. He could replace him with Paul Volcker.

[quantass]

11. Cenk: "Obama is more likely to do nothing if it hurts corporations."

It is very, very unlikely he will fire Geitner. Vokner (sp?) will never be hired in any form by the adminstration because his ideas, although would save america, would hurt corporations bottom line in the short term.

[ej510]

12. Quantass, you are correct.

[TheKentuckian]

13. Little to nothing for it right now, though I have to agree

After the midterm maybe he can do something with Geithner and hopefully Gates too. I can understand why he picked him but he has been given far to free a hand. The thing was to use him to placate the robberbarons while using him as a baseball bat on them, which hasn't happened at all.

[mod mom]

14. Here's Dylan's rationale for anyone who missed it:

http://www.huffingtonpost.com/dylan-ratigan/why-keep-geithner_b_341908.html

[inna]

24. thanks for the link!

it's an excellent read! i'm starting to really dig Dylan!

[bvar22]

16. James Galbraith & Bill Moyers agrees.

excerpts from Bill Moyers' interview last Friday:

JAMES GALBRAITH: "We have a stimulus package, which is helping now, but it will be over with at the end of next year. Will there be a basis for another strong, privately financed expansion at that point? I don't see the evidence for that now. And that seems to me to be something we should be worrying about."

<snip>

JAMES GALBRAITH: "The overwhelming emphasis, in the administration's program, I think, has been to return things to a condition of normalcy, to use a 1920s word, that prevailed five and ten years ago. That is to say, we're back to a world in which Wall Street and the major banks are leading, and setting the path--

BILL MOYERS: To restore what was.

JAMES GALBRAITH: To restore what was--

BILL MOYERS: Instead of reform what is."

<snip>


JAMES GALBRAITH: Sure. The Federal Reserve, in particular, knew that the dam was cracking. Alan Greenspan, I think, almost surely knew this, and chose to wait until it had washed away.

BILL MOYERS: Why?

JAMES GALBRAITH: They let all of this run, because they were getting a superficially stronger economy out of it. The ownership society, all that was a scam, basically, designed to lure people who could never afford these mortgages into accepting them. And yes, I think they, any rational person, certainly people in the industry, knew that this was not going to last. There was a little industry code, I've learned, IBGYBG. "I'll be gone. You'll be gone."


<snip>

BILL MOYERS: Timothy Geithner wants to provide a super-regulator to keep those big five firms in line. Will that work?

JAMES GALBRAITH: No, it will not work. The super-regulator will not be able to control those institutions. And probably will make all of the mistakes that the, if it's the Federal Reserve, that the Federal Reserve made in the run-up to the last crisis.

<snip>


JAMES GALBRAITH: I think what you have to do is to aim to reduce the market power of these enormous, strategically, systemically dangerous institutions. And the way to do that is by re-imposing some internal barriers, the Glass-Steagall separation of commercial and investment banking. And by resolving, auditing and resolving the institutions that are really close to failure. Those institutions, if they're taken out of the picture, that would permit smaller banks who did not get caught up in this dreadful business, to grow into their market roles. And you would have a more competitive and healthier financial system, as a result.

BILL MOYERS: But as you speak, Congress is watering down the legislation proposed to regulate the ratings agencies that were such a part of the problem.

<snip>

JAMES GALBRAITH: If I had one thing I could add to the health care debate, I would lower the age of eligibility of Medicare, say, to 55.

And the reason for that is that it would help workers who are only hanging onto their jobs because they don't want to lose their medical benefits, to move out of the labor force. And there are a fair number of those, and it's a fairly heavy burden on the business sector. So what you want to do, you want to create jobs.

<snip>

much more:

http://www.pbs.org/moyers/journal/10302009/transcript1.html

I would applaud a complete overhaul of the current "Economic Team".
These same people helped cause the catastrophe.
There is a large pool of people who predicted our current economic mess.
Obama should FIRE the people who got it wrong, and hire the people who got it right.

[ej510]

17. Those who do not learn from the past repeat the same mistakes.

[bvar22]

18. Those who make a fortune doing something...

...Keep Doing It !

The "Centrist Democrats" (including the Obama Administration) may be corrupt, but they aren't stupid.
As long as money keeps coming out, they'll keep turning the crank.

[ej510]

19. True.

Robbing America in plain view.

[pleah]

21. K&R

[Skittles]

22. do DUers not get it?

Geithner is doing EXACTLY what Obama wants him to do

[ej510]

23. Not the ones who want to see as the supreme being.