John Berlau Discusses Timothy Geithner’s Nomination
Posted on: November 24, 2008
Posted in: All Videos, News Appearances
Center for Entrepreneurship Director John Berlau discusses Barack Obama’s nomination of Timothy Geithner to be Secretary of the Treasury.
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January 18th, 2009 at 11:57 pm
The 2008 US Election was successful and now we have our new President. After winning the Election, President elect Barack Obama must have his new sets of cabinet members. Timothy F. Geithner, the Obama nominee for Treasury Secretary, had owed a large sum of money to the Internal Revenue Service. I wonder if he needed a payday loan to help pay off his $42,000 debt with the IRS. Apparently Geither’s tax mistakes occurred during the time he worked for the International Monetary Fund back in 2001-2004. It seems that U.S. law mixed with working for an international company was too complicated for Geithner. Fortunately, getting a payday loan is absolutely simple. Obama and his team are defending the nominee, stating that the errors were an honest mistake and there is no good reason why Geithner should not be the next United States Secretary of the Treasury. When you really think about it though, the incident happened five years ago. By now, he is probably a lot better with his taxes. In addition, he did pay back the money he owed plus interest. However, I am a bit hesitant to put a man who was unable to handle his personal financial dealings in charge of the entire country’s finances.