Ed Show - Rep. Peter DeFazio called for the firing of Larry Summers, and Tim Geithner

[democracy1st]

Run time: 04:32 https://www.youtube.com/watch?v=o2Muu0tNsw8   Posted on YouTube: November 18, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: November 19, 2009 By DU Member: democracy1st Views on DU: 478

 
Ed Show - Rep. Peter DeFazio (D-OR04) levels Goldman Sachs, Summers, and Treasury Sec Tim Geithner


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Rep. Peter DeFazio called for the firing of President Barack Obama's top two economic aides on Wednesday, accusing them of pursuing a recovery plan skewed too heavily in Wall Street's favor.

The Oregon Democrat told MSNBC's Ed Schultz that he was dismayed with the administration's lack of focus on job creation. He said it was time to dismiss both White House economic adviser Larry Summers and Treasury Secretary "Timmy Geithner."

"We think it is time, maybe, that we turn our focus to Main Street -- we reclaim some of the unspent funds, we reclaim some of the funds that are being paid back, which will not be paid back in full, and we use it to put people back to work. Rebuilding America's infrastructure is a tried and true way to put people back to work," said DeFazio.

"Unfortunately, the President has an adviser from Wall Street, Larry Summers, and a Treasury Secretary from Wall Street, Timmy Geithner, who don't like that idea," he added. "They want to keep the TARP money either to continue to bail out Wall Street...or to pay down the deficit. That's absurd."

Asked specifically whether Geithner should stay in his job, DeFazio replied: "No.

"Especially if you look back at the AIG scandal," he said, "and Goldman and others who got their bets paid off in full...with taxpayer money through AIG. We channeled the money through them. Geithner would not answer my question when I said, 'Were those naked credit default swaps by Goldman or were they a counterparty?' He would not answer that question."

DeFazio said that there is a growing consensus among the Congressional Progressive Caucus that Geithner needs to be removed. He added that some lawmakers were "considering questions regarding him and other economic advisers" -- though a petition calling for the Treasury Secretary's removal had not been drafted, he said.

" is being failed by his economic team," DeFazio concluded. "We may have to sacrifice just two more jobs to get millions back for Americans."

Neither the White House or the Treasury Department immediately returned a request for comment.


http://www.huffingtonpost.com/2009/11/18/rep-defazio-fire-timmy-ge_n_363093.html

[Thrill]

1. Here come the Democrats blaming each other

instead of doing this behind closed doors.

Remind you of anything? 1994? Keep it up

[chill_wind]

3. We just had an 8 month investigation behind closed doors

by the Tarp IG at the behest of Dems and American taxpayers. The findings aren't pretty and are not particularly surprising.

This needs fixed. A majority of Americans know it.

[GreenTea]

2. Summers and Geithner should have been gone long ago....

These Goldman Saks corporate fuckers just keep giving & giving of our tax dollars...I was asking month's ago why aren't these two corporate whores & stooges gone.

"Especially if you look back at the AIG scandal," he said, "and Goldman and others who got their bets paid off in full...with taxpayer money through AIG. We channeled the money through them. Geithner would not answer my question when I said, 'Were those naked credit default swaps by Goldman or were they a counterparty?' He would not answer that question."

[ihavenobias]

4. Big K & R n/t