Geithner Must Go

Treasury Secretary Timothy Geithner has not yet been on the job two months, but business blogger Henry Blodget is already calling for his resignation. Geithner “clearly isn't the right man for the job,” he writes, listing as evidence: 1) his vague bank-rescue plan, which looks a lot like Hank Paulson’s; 2) his floating multiple versions of the same plan hoping one would catch on; 3) his refusal to discuss the consensus opinion of most neutral economists: nationalization (or pre-privatization, as Blodget calls it); 4) his brusque, defensive manner; and 5) most important, his refusal “to revisit or defend his almost certainly inaccurate view that this crisis is merely a temporary price decline caused by a lack of liquidity.”