Timothy Geithner - Revision history

DavidB4-bot: /* Calls For Resignation */HTTP --> HTTPS [#1], replaced: http://www.bloomberg.com → https://www.bloomberg.com

2018-09-26T20:53:07Z

Calls For Resignation: HTTP --> HTTPS [#1], replaced: http://www.bloomberg.com → https://www.bloomberg.com

DavidB4-bot: clean up, typos fixed: thats → that's

2016-06-24T12:20:03Z

clean up, typos fixed: thats → that's

DavidB4: category

2016-06-20T14:16:27Z

JDano: clean up

2016-03-17T02:13:40Z

clean up

TheAmericanRedoubt at 06:54, December 10, 2014

2014-12-10T06:54:00Z

Jm920: Who was gushing over Tim Geithner? Who would?

2013-05-23T03:47:11Z

Who was gushing over Tim Geithner? Who would?

OscarO: /* References */

2013-03-17T20:56:32Z

References

OscarO: cats

2013-03-09T21:29:23Z

cats

OscarO at 04:53, January 5, 2013

2013-01-05T04:53:25Z

Iduan: more specific cat

2010-06-03T17:07:43Z

more specific cat

@@ Line 34: / Line 34: @@
 ===Calls For Resignation===
-Republican Representative Kevin Brady of Texas told Geithner he has ‘Lost All Confidence’, that's 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>
+Republican Representative Kevin Brady of Texas told Geithner he has ‘Lost All Confidence’, that's 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>[https://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.}}

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 }}
-'''Timothy Geithner''' (b. 1961) became the [[Secretary of the Treasury]] in the [[Obama Administration]] in January, 2009. [[Image:Geithner1.jpg|thumb|370px|Critics feared Geithner's vague plans would crash]] Geithner got off to a very bad start, as his programs from 2008 have worked poorly, he was ridiculed and humiliated during his confirmation hearings for not paying taxes (even though he has admitted to using tax software Turbo Tax, which would have clearly showed him the errors). Unpopular, he resigned after Obama got a second term and was replaced by White House Chief of Staff [[Jack Lew]].
+'''Timothy Geithner''' (born 1961) became the [[Secretary of the Treasury]] in the [[Obama Administration]] in January, 2009. [[Image:Geithner1.jpg|thumb|370px|Critics feared Geithner's vague plans would crash]] Geithner got off to a very bad start, as his programs from 2008 have worked poorly, he was ridiculed and humiliated during his confirmation hearings for not paying taxes (even though he has admitted to using tax software Turbo Tax, which would have clearly showed him the errors). Unpopular, he resigned after Obama got a second term and was replaced by White House Chief of Staff [[Jack Lew]].
 ==Career==
@@ Line 31: / Line 31: @@
 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 [[Direct_spending#New_spending|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 [[Direct spending#New spending|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>
+Republican Representative Kevin Brady of Texas told Geithner he has ‘Lost All Confidence’, that's 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.}}
@@ Line 44: / Line 44: @@
 With Geithner losing more of his credibility as a problem solver, he came back with a plan on March 23 that will not need additional funding or approval by Congress.  The Treasury will use $100 billion from the Troubled Asset Relief Program (TARP), as well as new capital from private investors, in order to generate $500 billion in purchasing power to buy toxic loans and assets. The program could potentially expand to $1 trillion over time, and initial responses by Wall Street have been favorable.
 ==External links==
 *[http://www.ustreas.gov/ Department of Treasury]
 ==References==

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 [[Category:Finance]]
 [[Category:Taxation]]
-[[Category:Clinton administration]]
+[[Category:Clinton Administration]]
 [[Category:Obama Administration]]
 [[Category:United States Secretaries of the Treasury]]

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 [[Image:Toxic-2-assets.jpg|thumb|290px|left]]
 With Geithner losing more of his credibility as a problem solver, he came back with a plan on March 23 that will not need additional funding or approval by Congress.  The Treasury will use $100 billion from the Troubled Asset Relief Program (TARP), as well as new capital from private investors, in order to generate $500 billion in purchasing power to buy toxic loans and assets. The program could potentially expand to $1 trillion over time, and initial responses by Wall Street have been favorable.
 ==External links==
 *[http://www.ustreas.gov/ Department of Treasury]
 [[Category:Finance]]
@@ Line 96: / Line 57: @@
 {{DEFAULTSORT:Geithner, Timothy}}

@@ Line 43: / Line 43: @@
 [[Image:Toxic-2-assets.jpg|thumb|290px|left]]
 With Geithner losing more of his credibility as a problem solver, he came back with a plan on March 23 that will not need additional funding or approval by Congress.  The Treasury will use $100 billion from the Troubled Asset Relief Program (TARP), as well as new capital from private investors, in order to generate $500 billion in purchasing power to buy toxic loans and assets. The program could potentially expand to $1 trillion over time, and initial responses by Wall Street have been favorable.
 ==External links==
 *[http://www.ustreas.gov/ Department of Treasury]
 [[Category:Finance]]
@@ Line 57: / Line 96: @@
 {{DEFAULTSORT:Geithner, Timothy}}

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 	|deputy=n
 	|president=[[Barack Hussein Obama]]
-	|terms=January 26, 2009-Present
+	|terms=January 26, 2009-February 28, 2013
 	|preceded=[[Henry Paulson]]
 	|former=n
-	|succeeded=
+	|succeeded=[[Jack Lew]]
 	}}
 }}
-'''Timothy Geithner''' (b. 1961) became the [[Secretary of the Treasury]] in the [[Obama Administration]] in January, 2009. [[Image:Geithner1.jpg|thumb|370px|Critics feared Geithner's vague plans would crash]] Geithner got off to a very bad start, as his programs from 2008 have worked poorly, he was ridiculed and humiliated during his confirmation hearings for not paying taxes (even though he has admitted to using tax software Turbo Tax, which would have clearly showed him the errors).
+'''Timothy Geithner''' (b. 1961) became the [[Secretary of the Treasury]] in the [[Obama Administration]] in January, 2009. [[Image:Geithner1.jpg|thumb|370px|Critics feared Geithner's vague plans would crash]] Geithner got off to a very bad start, as his programs from 2008 have worked poorly, he was ridiculed and humiliated during his confirmation hearings for not paying taxes (even though he has admitted to using tax software Turbo Tax, which would have clearly showed him the errors). Unpopular, he resigned after Obama got a second term and was replaced by White House Chief of Staff [[Jack Lew]].
 ==Career==
 Educated at Dartmouth and Johns Hopkins, he spent many years abroad. Previously he was president of the powerful Federal Reserve Bank of New York.  Geithner started as a Republican and changed his voter registration — to Independent — only in the late 1990s, when he became under secretary for international affairs in the [[Clinton administration]].
 ==President of New York Federal Reserve Bank==
 In 2008 he was deeply involved in the complex moves by the Federal Reserve and the Treasury to [[bailout]] banks in the [[Financial Crisis of 2008]]. That included $700 billion in money sought by president [[George W. Bush]] and passed by bipartisan majorities in Congress in October, 2008, and trillions in loan guarantees made by the Federal Reserve on its own authority. Geithner now is the person most responsible for bringing recovery to the economy.