Treasury Secretary Timothy Geithner says he knows two things right now. The first is that he believes President Obama will be reelected in 2012. The second is that he will not be returning as Treasury Secretary.
Geithner, in an interview with Bloomberg Television, said he plans on doing “something else.”
“He’s not going to ask me to stay on, I’m pretty confident. I’m confident he’ll be president. But I’m also confident he’s going to have the privilege of having another secretary of the Treasury.”
Geithner said he’s worked through one of the most important times in modern history in the world of economic policy and finance. He claimed things are getting better despite the terribly traumatic financial crisis.
Bloomberg waited until a few minutes after the stock market closed to publish the article.
There has been a large amount of speculation that Geithner was going to leave the Obama Administration last year when Obama’s approval ratings were at their lowest but he was convinced to stay on until 2012.
Geithner took the opportunity in the interview to talk about the upcoming regulatory changes due to be implemented in the Dodd-Frank Bill.
“I would not worry too much about them. I would worry more about the basic confidence of Americans that they’re going to face more opportunities, more likely to find a job, keep a job, save for college, save for a dignified retirement,”
Do you think that Timothy Geithner has done a good job as Secretary of the Treasury or do you think he should go now?