Jump to Navigation
Home

Main menu

  • Home
  • News
  • Markets Map
  • Sentiments
  • Topics
  • Data
  • Comments
  • Images
  • Blog
  • About

Secondary menu

  • Latest News
  • Top Rated
  • Most Popular
  • Archive
  • Discussions
  • The new farm bill is an economic disaster | Heidi Moore
  • Guest Post: Our American Pravda
  • Sunday ET | Meet the grand old men of hotel industry
  • FIs vie for deals in India's infra sector, hurdles...
  • Protesters across globe rally against Monsanto
  • 3 Teeth-Whitening Products That Actually Work
  • Effective aid in conflict zones
  • Protesters around the world march against Monsanto
  • What made London Samaritan so brave?
  • "Those Who Believe In Abenomics Are Suffering From...

    How holds make it impossible to fire Tim Geithner (or anyone else)

    Tue, 01/19/2010 - 14:05 EDT - Ezra Klein - Washington Post
    • Comments
    • Obama administration

    obamaandgeithner.JPG

    When it comes to absurd Senate customs, the filibuster isn't even the worst of the lot. That honor goes to holds, which, like the filibuster, are being used with a new ferocity. Annie Lowrey tallied up the numbers and found that "one year into the Bush administration, there were 70 appointees awaiting confirmation. One year into the Obama administration, there are 177."

    A little-noticed side effect of holds is that they reduce government accountability. There are 20 Treasury nominees awaiting confirmation. And that's amidst the worst financial crisis since the Great Depression. Consider the implications of that, and not just in the performance of the Treasury Department. Many people -- both Democrats and Republicans -- want Obama to fire Geithner, or some of the people who work for him. But the chance of that happening is approximately zero so long as Obama can't be confident in his ability to smoothly fill that position. If you can't hire new people, then you can't get rid of old people.

    For a full list of held administration appointees, head here.

    Photo credit: By Charles Dharapak/Associated Press


    • Original article
    • Login or register to post comments
     

    Related

    • Why Obama can't fire anyone

      The politicization of the nomination process is usually understood as an obstacle to the president's ability to hire people. In reality, it may be doing even more damage to his ability to fire people. And that's not something members of either party should support.

    • Obama Wants To Change The Face Of The Federal Judiciary, If His Nominees Can Make It Through The Senate

      WASHINGTON (AP) — President Barack Obama is trying to change the face of a federal judiciary that has a long tradition of white men passing judgment on parties from all walks of life — if he can get his nominees past the Senate.

    • Reid: 'Obama [has] faced twice as many filibusters of his nominees in his first four months as President Bush faced in his first four years'

      Harry Reid takes aim at Republicans for blocking so many of Barack Obama's nominees:

    • Should Democrats have recess-appointed Donald Berwick?

      Tevi Troy says that the problem with the administration's recess appointment for Don Berwick was not the appointment itself, or even the procedure used to enact it, but the timing of that procedure.

    • Tim Geithner: banking bailouts looked like 'giving aid to the arsonist'

    • Secret holds are not the problem (but the Democrats would like to make them the problem)

      I've never been able to get a straight answer on why, exactly, senators should be able to place anonymous holds on nominees. I can see the arguments for holds themselves: They allow senators to express strong opposition and, from a bargaining standpoint, they give senators leverage to use on other priorities. But making a hold anonymous undermines both arguments: It means no one knows why there's opposition and no senator can bargain on the issue.

    • If you can't hire, you can't fire

      Bruce Bartlett thinks that Timothy Geithner is becoming a liability to Obama, but there's not much Obama can do about it.

    • Public Mostly Holds Republicans Responsible for Recession, But Democrats Now Catching More Blame

      One reason that Barack Obama has stayed in pretty good political shape despite a terrible economic situation is that the public has consistently recalled that this recession began under George W Bush and reached its highest point of crisis under Bush.

    • Tim Geithner and Larry Summers Need Paul Krugman To Replace Peter Orszag

      By Simon Johnson.  Tim Geithner and Larry Summers are talking a good game on fiscal policy to the G20.  But they are struggling with to establish traction for their “spend now, consolidate later” message.  Fortunately, there is an easy and obvious opportunity to establish credibility on this issue: Bring Paul Krugman into government.

    • What Obama could learn from Bush

      Last night, Craig Becker's nomination to the National Labor Relations Board was approved, with 52 senators voting in favor of Becker and 33 voting against him.

    Latest

    REPORT: SAC Capital's Biggest Outside Investor Wants To Pull Money Out
    REPORT: SAC Capital's Biggest Outside...
    3 Teeth-Whitening Products That Actually Work
    3 Teeth-Whitening Products That Actually Work

    User login

    • Create new account
    • Request new password
    • Click on the icon to sign in with your social network login or enter your Bullfax.com login

    Our Blog

    • Tata Steel, ECB, China’s car market and European Corporate Tax in Our News for Today 05/24/2013
    • Pandora: the charm might fade away
    • Japanese Market, Indian Rupee, China’s Stocks and Oil Prices in Our Daily Round-Up for 05/23/2013

    Markets Map

    Markets Map

    Follow Us

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS
    S&P 500: 1649.60 -0.06% FTSE: 6654.34 -0.64% Nikk.: 14612.45 0.88% DAX: 8305.32 -0.56% HSI: 22618.67 -0.23% FX: EUR/GBP: 1.1694 USD/EUR: 1.2935 JPY/USD: 101.175 Commodities: Gold: 1386.60

    Bullfax.com - Market News & Analysis 2008-2011
    Contact Us | About Us | Terms & Conditions

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS .

    Secondary menu

    • Latest News
    • Top Rated
    • Most Popular
    • Archive
    • Discussions