I taped a TV segment today on the question of Mr Geithner’s future. Should he stay or should he go? Will he stay or will he go?
What can be in no doubt was that he was given the ultimate poisoned chalice. He inherited financial Armageddon and we still have a bank account. I imagine history will be kinder to him than certain sections of the news media are at present.
Inevitably the Democrats are going to lose seats in November. It is part of a political cycle that seems to now be ingrained in American politics. There will be fall guys. There will be changes of personnel.
And yes, I can see Tim Geithner having had enough of his poisoned chalice and deciding that he actually wants to be one of them. Summers is off to the safety of academia and that has to be an appealing proposition to many on the political front line – or should that be firing line – at the moment.