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Report: Geithner on the Way Out?

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By Doug Powers  •  June 30, 2011 04:43 PM

**Written by Doug Powers

Turbo Tax Tim is reportedly thinking about abandoning ship:

Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.

Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to talk about private discussions.
[...]
An exit by Geithner would complete the turnover in Obama’s original economic team, with Council of Economic Advisers Chairman Austan Goolsbee scheduled to leave in early August to return to the University of Chicago.
[...]
In addition to Goolsbee, who announced his decision to return to the University of Chicago earlier this month, three other top Obama economic advisers already have departed.

Anybody who suggested raising taxes on small business so the bloated government doesn’t have to shrink in size can’t get out the door fast enough.

No word yet on where Geithner might end up, but some of Obama’s economic team have instinctively returned to the university scene, which is the only place where their theories actually work.

**Written by Doug Powers

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Categories: Barack Obama, Eric Holder, Public Officials, Tim Geithner

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