Replacing Tim Geithner

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

Bloomberg is reporting that Tim Geithner might resign as Treasury Secretary after the debt ceiling fight wraps up. Ezra Klein thinks he’s going to be almost impossible to replace:

I’m not saying that because he’s done such a bang-up job, or because he’s got such a winning personality. I’ll leave those questions for a future article. It’s because the confirmation process is broken. As Slate’s Dave Weigel reported, “the time between nomination and confirmation votes has nearly doubled since the Reagan era, when the sclerosis really started. It took Reagan 114 days for nominees to get confirmed; it takes Obama closer to 200 days. By the White House’s own count, more than 200 nominees are in limbo.”

Many of those nominees are non-controversial. The Treasury Secretary won’t be. The economy is the central political issue right now, 2012 is an election year, and Republicans have sufficient votes in the Senate to mount a filibuster. Under those circumstances, it’s very difficult to imagine them permitting the confirmation of any Treasury Secretary.

I think there are two reasons that this is probably not right:

  • Treasury Secretary isn’t a controversial appointment. Think about this from the perspective of Republican senators: it’s not a lifetime appointment; Obama is almost certain to nominate a sober, moderately liberal, establishment-approved kind of personality; and in any case, the truth is that the Treasury Secretary has only modest power that’s independent of Congress’s authority. Geithner’s successor would be very unlikely to seriously affect deficit negotiations, spending priorities, budget battles, or Obama’s reelection chances.
  • Our nomination process is indeed broken, but it’s broken only for the less visible class of appointments. This is important: Republicans have routinely held up circuit court judges, ambassadors to medium sized countries, agency heads, deputy and assistant cabinet positions, and so on. But they haven’t held up Supreme Court appointments, cabinet secretaries, or other highly visible appointments such as Fed chairman, head of the CIA, or chairman of the Joint Chiefs. These kinds of nominations get too much attention, and that’s exactly what Republicans don’t want. They want their obstructionism to fly below the radar. Holding up a Treasury Secretary for anything other than a slam dunk reason would make their obstructionism far too public and would risk engaging the normally jaded DC press corps, which treats the obstruction of lesser appointments as just garden variety partisan politics.

I know this seems counterintuitive, but just take a look at the record: all of Obama’s major appointments — the kind that get front page treatment — have been approved without all that much fuss. Republicans just don’t want to practice their usual brand of obstructionism when the spotlight is shining. It’s only the lesser lights that get filibustered for months on end.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate