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In the confirmation hearings in January 2009 he was publicly humiliated by the Senate (controlled by Democrats) when it seemed he deliberately evaded over $40,000 of federal taxes. He paid the taxes and penalties and was confirmed, with most Republicans opposed.
In the confirmation hearings in January 2009 he was publicly humiliated by the Senate (controlled by Democrats) when it seemed he deliberately evaded over $40,000 of federal taxes. He paid the taxes and penalties and was confirmed, with most Republicans opposed.
Geithner and the [[Obama Administration]] moved moved to handle the crisis on two fronts. Working with Democrats in Congress (and three moderate Republican Senators), they passed the an economic stimulus bill, the "[[American Recovery and Reinvestment Act of 2009]]", with $500 billion of new spending and nearly $300 billion in new tax cuts. The stimulus will begin operations in mid-February, 2009, and supporters hoped it would slow the nosediving economy. Conservative critics feared it would be ineffective in the short run and add to the national debt and tax burdens in the long run.
Geithner and the [[Obama Administration]] moved moved to handle the crisis on two fronts. Working with Democrats in Congress (and three moderate Republican Senators), they passed the an economic stimulus bill, the "[[American Recovery and Reinvestment Act of 2009]]", with $500 billion of new spending and nearly $300 billion in new tax cuts. The stimulus will begin operations in mid-February, 2009, and supporters hoped it would slow the nosediving economy. Conservative critics feared it would be ineffective in the short run and add to the national debt and tax burdens in the long run.
===Calls For Resignation===
Republican Representative Kevin Brady of Texas told Geithner he has ‘Lost All Confidence’, thats how both liberals Democrats and conservative Republicans now view Geithner's position. Democrat Representative Peter DeFazio of Oregon told [[MSNBC]] that Geithner needed to go. Representative Michael Burgess of Texas, also expressed dissatisfaction with Geithner, <ref>[http://www.bloomberg.com/apps/news?pid=20601103&sid=awXy12PVV7.0 Geithner Resignation Calls May Increase as 2010 Election Nears, Bloomberg, November 20, 2009]</ref>
{{cquote|I don’t think you should be fired,” Burgess told him. “I thought you should have never been hired.}}
===Bailout plans===
===Bailout plans===
With banks on the verge of failure, Geithner unveiled yet another massive bailout program in mid-February. Trillions would be spent to move toxic assets out of the banks, but the unanimous reaction was negative and Geithner hung on to his job, but had to come up with a better plan. Geithner has the authority to decide what to do with the second tranche of $350 billion from the $700 billion banking bailout bill passed by Congress in October 2008.
With banks on the verge of failure, Geithner unveiled yet another massive bailout program in mid-February. Trillions would be spent to move toxic assets out of the banks, but the unanimous reaction was negative and Geithner hung on to his job, but had to come up with a better plan. Geithner has the authority to decide what to do with the second tranche of $350 billion from the $700 billion banking bailout bill passed by Congress in October 2008.