Obama’s top economic adviser, Timothy Geithner, is set to retire. That is a sign of bad things to come. If he really believed the media narrative that the economy was doing well, he’d stick around. The reality is that he wants to flee before the economy takes a nosedive.
Here is some backstory. The President and CEO of my mom’s last company resigned but before he left said that the company was doing well. I told my mom that I didn’t buy it. A CEO does not give up when a company is doing well, he flees before the company nosedives.
I was right. A few months later, more than half the company was laid off. Only a few employees were left in case more orders were to come around.
Presidentfinds himself in another challenging position as his top economic adviser, Treasury Secretary , announced his planned departure by end of January before the debt ceiling deal is finalized.
Obama was able to convince Geithner to stay in June 2011 when the Treasury secretary wanted to resume his life outside government. His presence immensely helped Obama during his negotiations with the Congress over raising the federal debt ceiling. This time, however, Geithner has told White House officials that he will go ahead with his plan to leave the administration, whether the deal on the debt ceiling is in place or not.