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  Topic: Obama Said to Name Jack Lew
to Replace Geithner at Treasury
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Obama Said to Name Jack Lew
to Replace Geithner at Treasury

Bloomberg, by Hans Nichols

Original Article

Posted By:earlybird, 1/9/2013 11:11:29 AM

President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said. Lew, 57, who also has served as director of the Office of Management and Budget, has been offered the Treasury post by Obama, according to the person, who asked for anonymity to discuss personnel matters. (Snip) The next Treasury secretary will play a leading role in working with Congress to raise the government’s $16.4 trillion debt ceiling. The U.S. reached the statutory limit on Dec. 31, and the Treasury

      


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Reply 1 - Posted by: RIsailor, 1/9/2013 11:33:52 AM     (No. 9106931)

While it´s nice that Jack Lew has been a budget director in the White House, he´s a poor choice for SecTreas given that he has zero financial education or financial management experience.

It goes along with Obama´s selection of Hegel as SecDef. He has zero management experience of any real business or government entity.

As the pundits are writing, Obama is picking guys because "he likes them". Which means to me that they are Obama toadies.

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Reply 2 - Posted by: horacer, 1/9/2013 12:08:19 PM     (No. 9107016)

JP Morgan and Goldman Sachs must have given their ok. He´s very smart and partisan. It probably helps Republicans in a small way having him tied down at Treasury.

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Reply 3 - Posted by: Felixcat, 1/9/2013 12:12:40 PM     (No. 9107027)

Sorry #1, but Jack Lew does have financial management experience, and that´s being charitable: see:

http://www.huffingtonpost.com/2010/07/14/jack-lew-obamas-omb-pick_n_645093.html

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Reply 4 - Posted by: coyote56, 1/9/2013 1:24:20 PM     (No. 9107209)

Isn´t he the person who had such a "dangerous background" we saw on conservative articles over the last 4 years? I seem to remember his name in a very socialist description - anyone else remember it? I believe this is a well rounded plan to destroy our Republic - Hagel,Lew,Clinton & Brennan. Coming fast y´all!

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