Fire Geithner and Summers, prominent Democrat says

Daniel Tencer
Raw Story
Thursday, Nov 19th, 2009

'We may have to sacrifice just two more jobs to get millions back for Americans'

President Barack Obama "is being failed by his economic team" and should replace Treasury Secretary Tim Geithner and White House economic policy director Larry Summers, says US House Rep. Peter DeFazio.

The prominent member of the Congressional Progressive Caucus told MSNBC's The Ed Show that he and other House members are growing increasingly frustrated by a White House economic policy that focuses on maintaining the financial stability of Wall Street firms while largely overlooking Main Street concerns.

"I think there is a growing consensus in the [Democratic] caucus [that] we need a new economic team that cares more about jobs, Main Street and the American people than it does about Wall Street and huge bonuses," DeFazio (D-OR) told host Ed Schultz.

DeFazio suggested that the government "reclaim the unspent funds ... reclaim some of the funds that are being paid back, which will not be paid back in full, and we use it to put people back to work rebuilding America's infrastructure.

Full article here

"When the people find they can vote themselves money, that will herald the end of the republic." - Fall Of The Republic - Buy the DVD here