Cole Calls for Geithner's Ouster

WASHINGTON – Congressman Tom Cole (OK-04) gave the following statement today, calling for President Obama to remove Treasury Secretary Timothy Geithner from his post.

"The Treasury Department has been on a collision course ever since Tim Geithner took the helm," Congressman Cole said. "From the very beginning his nomination was riddled with controversy. He didn't pay his taxes but was confirmed anyway, when only weeks later other administration nominees were toppled by similar tax delinquencies. Secretary Geithner was also a major architect of the budget-busting stimulus plan that has saddled our country with debt as far as the eye can see. And now we find out that despite President Obama's insistence that he only recently learned of the outrageous A.I.G. bonus payments, they were actually authorized by his own Treasury Secretary."

"Simply put, it is clear that Secretary Geithner is in over his head and if he doesn't realize this fact and step down from his position, President Obama should remove him."

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