From Rep. John Shadegg, R-Ariz.:
Beginning with his tax difficulties, and continuing through the puzzling narrative of when and what he knew about the AIG bonuses, Treasury Secretary Geithner has done little to inspire the confidence of the American people. Oddly, Secretary Geithner continued his bizarre and puzzling conduct this week, making flatly contradictory statements about the dollar in a span of only 24 hours. This weakens confidence not only in him, but in the currency he is entrusted to protect.
On Tuesday, Secretary Geithner testified before the House Financial Services Committee that he ‘categorically renounces,’ recent proposals from China and others to shift away from the dollar as the world’s reserve currency. The next morning in New York, speaking to the Council on Foreign Relations, he was asked about the same proposals and said he is ‘quite open,’ to them.
Really, Mr. Secretary? Is it too much to ask that your position remain unchanged over a 24 hour period?