NewsBusters is holding a 5th anniversary happy hour in Washington, and you're invited! Click here for details.

CBS’s 'Early Show' Skips Grilling of Geithner, Lawmakers Calling for Resignation

Photo of Scott Whitlock.
  • Bookmark and Share

CBS’s Early Show on Friday completely ignored the grilling Treasury Secretary Tim Geithner received on Capitol Hill on Thursday and the calls for his resignation by members of Congress. ABC’s Good Morning America and NBC’s Today both covered the contentious exchanges.

ABC’s Good Morning America provided the most coverage. Correspondent Bianna Golodryga observed that "a handful of Republicans and one Democrat are calling for his resignation" based on the current economic situation. She then played video of Republican Michael Burgess deriding Geithner: "I don't think you should be fired. I thought you never should have been hired."

Another clip featured Republican Kevin Brady directly asking the Treasury Secretary: "For the sake of our jobs, will you step down from your post?" But, even though the Early Show found time for generous coverage of Oprah Winfrey and the announcement that she’s retiring in two years, the news program skipped reporting on the calls for Geithner’s resignation by these Republicans. (House Democrat Peter DeFazio and Democratic Senator Maria Cantwell both have previously made similar announcements.)

Story Continues Below Ad ↓

CBS’s Evening News also did not cover the story on Thursday, unlike ABC’s World News and NBC’s Nightly News. Both of those shows did and featured the calls for resignation.

GMA correspondent Golodryga on Friday did attempt to defend Geithner. At the close of her report, she asserted, "One year ago, the stock market was on a nose-dive. Major banks were going under. And the economy suffered its biggest quarterly contraction in seven years. Now, all of that has significantly improved today, except for when it comes to jobs." However, Golodryga left out any mention of the deficit, which has been tripled under President Barack Obama.

This Week host George Stephanopoulos appeared next and did admit that the Obama administration’s claim that things could be worse without the stimulus, isn’t "good enough." But, he also dismissed any notion of a growing movement against Geithner: "You have still only got two members of Congress [sic]. One from the far right and one from the far left who have called for him to go. And, also, one Senator, Maria Cantwell of Washington."

NBC’s Today featured a Ann Curry news brief on the topic:

ANN CURRY: The White House is defending Treasury Secretary Timothy Geithner, who came under some heavy fire on Thursday for how he's handling the economic crisis. Some Republicans on Capitol Hill called for his resignation, and at least one Democrat agreed that he should step down. Geithner was criticized for the nation's 10.2 percent unemployment rate and for the slow recovery but the White House later said, that Geithner has helped bring the economy back from the brink.

Then, in a later segment, Meet the Press host David Gregory appeared and briefly touched on the issue. He dismissed the attack on Geithner as a "perception problem," saying, "You've got Wall Street doing better than most American workers in this country, you've got 10.2 percent unemployment and a ballooning federal debt. Those are the problems for Secretary Geithner, and he's just the proxy, because those are really the problems for the President. Overall, it's a perception problem that the administration has to deal with."  

A transcript of the Bianna Golodryga segment, which aired at 7:10am EST on November 20, follows:

ROBIN ROBERTS: Now, to the political revolt under way over Treasury Secretary Tim Geithner, the man hand-picked by President Obama to turn around the economy. A handful of Republicans and one Democrat are calling for his resignation. This morning, the White House firing back. And our financial correspondent Bianna Golodryga has more on that.

BIANNA GOLODRYGA: Rough day, yesterday. It was anything but your typical Capitol Hill hearing. The Treasury Secretary spent the yesterday defending how the administration is handling the economic recovery. The normally reserved Geithner could not hide his frustrations, however, at accusations that became rather personal. And that's when things got heated.

REP. MICHAEL BURGESS (R-TX, Joint Economic Cmte.): I don't think you should be fired. I thought you never should have been hired.

REP. KEVIN BRADY (R-TX, Ranking member, joint economic Cmte.): For the sake of our jobs, will you step down from your post?

GOLODRYGA: The Treasury Secretary took issue with the notion that the Obama administration is to blame for the economic crisis.

TIM GEITHNER (Secretary of the Treasury): You gave this President an economy falling off the cliff. Values of American savings cut almost in half. -I can't take responsibility is, is for the legacy of crisis you bequeathed this country!

BRADY: This is your budget. This is your bailout. This is your stimulus. This is your act. It is time to take responsibility.

GEITHNER: I take full responsibility for those.

BURGESS: My constituents, they're not just anxious. They are mad. They are fighting mad about what has happened in the economy.

BRADY: It's appropriate for the American people to assess how well this administration's economic policies are working. They are not. They have failed.

GEITHNER: I agree with almost nothing in what you said. And I think almost nothing of what you said represents a fair and accurate perception of where this economy is today. If you look at any measure of confidence in the financial system, it is substantially stronger today than when the President of the United States took office.

GOLODRYGA: And it's not just Republicans who are calling for his head. A Democratic congressman started it all on cable TV.

ED SHULTZ: Should he stay in his job, Congressman?

REP. PETER DEFAZIO (D-Oregon): No.

SHULTZ: You think Tim Geithner should be gone as Treasury Secretary?

DEFAZIO: I do.

GOLODRYGA: So, let's look at the facts. One year ago, the stock market was on a nose-dive. Major banks were going under. And the economy suffered its biggest quarterly contraction in seven years. Now, all of that has significantly improved today, except for when it comes to jobs. The unemployment rate back then was 6.6 percent. Today, that's nearly doubled. And that's become the administration's Achilles' heel now.

—Scott Whitlock is a news analyst for the Media Research Center. Click here to follow him on Twitter.

NewsBusters is turning 5. Enter our free t-shirt contest to help us celebrate!


Comments Policy

All comments are owned by whoever posted them and are subject to our terms of use. They should not be assumed to represent the views of NewsBusters.

Viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

"Drive-by Media" at its finest.... These are some....

disgusting human beings who are brainwashed by the "chosen one's" hype of "hope & change."  Ya'll make me barf!!!!

You've got to see this pic of the Drive-by Media doing a drive by-- You won't believe this.  Click here: http://thedailyzing.com/464/drive-by-media/

Knock it off, "Dusty"

There are accepted ways of achieving your goals, but this ain't one of them.

I hope no one clicks on the

I hope no one clicks on the link; he's just trolling for hits.

It's OK as long as he's not violating the Terms Of Use

Oh, wait...

Unrealistic

the MSM can't be expected to report on corruption AND run the story of FOX and their issues with photoshopped footage non-stop.  Really...ask yourself what is more important in THEIR estimation....shopped footage of Palin crowds or incompetence and corruption on a government scale?  I think you have your answer...perception is 99.9999% of the battle in their eyes.  Palin, Bush, Cheney, and any other Republican voicing dissent are unquestionably more important that what kind of theft, lies, deceit, or socialistic measures are taking place in the White House as we speak. They can't be expected to the RIGHT thing...they're too busy worrying about what is FAIR and BALANCED.

SickofLibs, The link

SickofLibs, The link article make me speculate about what's going on? Is Michelle a possessive woman and sees Oprah as an intruder. Is Michelle insecure about her marriage to Berry for good reason or no reason? Is this the reason for Barry’s romantic evenings with Michelle, trying to make it up for some indiscretion? Or has there been some inappropriate behavior between Oprah and Berry? My guess Michelle is possessive and a bit insecure about another woman being in Barry’s life.

ForeverOnTheRight:

No. FLOTUS is an independent, confident woman, secure in her marriage and able to stand toe-to-toe with anyone based on her own personal accomplishments.

Now I must take leave to attend to the monkeys currently flying out of my butt en masse.

Scott, I'm really glad you

Scott, I'm really glad you changed the headline; before it read like CBS was calling for his resignation....much clearer now!!

I notice Geithner tried the old "we inherited this problem" tactic first.

Big surprise.

His boss ran on the claim that he could fix it....Geithner is part of that promise, like it or not.

And unfortunately, we all "inherited the problem" that is Timmy

The guy is not only abysmally incompetent, he has still yet to staff most of his cabinet.

Cabinet,

Cabinet, schmabinet! 

Who needs it when you've got all these czars?

I remember reading a column (I wish I could remember where) early in Obama's presidency, that he was consolidating power in a small circle of "advisers" inside the WH, and making policy without even the cabinet secretaries he has  named (HRC, etc.).

We won't start getting to the bottom of the slush fund scam...

...(and that is really what this is all about, but most are too distracted over the crumbling economy to see it) until Turbo Tax Timmy and Henry Paulson are standing before a federal judge in shackles.

It probably won't happen, though, because even if the repubs take the House next November, no one among them has the leadership abilities or the guts to take this to it's logical conclusion.

-Dave

Our elected representatives have failed us.  

It's not the House as much

It's not the House as much as it was the Senate that confirmed the tax-evader...and I'm talking about the repubs that gave such glowing floor speeches praising him, saying this country needs him and only him and his smarts now....blah blah blah...Hatch is one that comes to mind right off the top of my head at the moment, he made me sick with his blathering.

Brilliance hard at work in the Senate... as usual.

'Doubling down on stupid is not a particularly good idea'~Breitbart

bt, I am operating on the assumption that should the repubs...

...actually do manage to gain a majority in either house of Congress, it will be in the House itself, and not the Senate, as I believe the dems will manage to keep that.

As for the repubs re-taking the House, I am giving them a 50/50 chance, and that is being generous given the voting history in this country. I know people want to believe that the  disgust brought to the Tea Parties, along with what many perceive as a rising tide of anger all across America, is going to find its way into the voting booths of America next November.

I have my doubts about that, to be bluntly honest. 

In the mean time, the left still has nearly a year to finish Obama's coup, and thus finish us off in the process. All they really need to complete it is to get ObamaCare, and Crap & Tax will then just be icing on the cake.

I believe they are going to get both before the November elections. These people are all Marxists at heart, and cannot let a chance like this get away. I mean, to hell with what the people think, as they are too stoopid to know what is good for them, anyway.

Even if the repubs take the House and start passing repeals right and left, the Senate isn't going to budge, so there won't be enough votes in both houses of congress to override Obama's vetoes. That means the earliest the repubs will be able to reverse any of this putrid Marxist crap will not come until January of 2013, and that is only if Obama gets the heave-ho, and the repubs gain a sufficient majority in both houses to keep the left at bay.

And even if the repubs do find themselves in control of the WH and congress, extricating ourselves from this hideous minefield is going to be extremely difficult, if not impossible.

Let me back up for a moment.

Remember the posts I drop in here occasionally about the fact that the dems are hopping mad over having lost congress in '94, and should they ever get control of it again, they were going to make sure to work to put a defeat-proof socialist congress in place, and never lose congress again?

Remember also that over the summer, many were puzzled that the bulk of the TARP and Porkulus money hadn't even been spent?

Here is why I think that is:

As I see it, little Turbo Timmy the Lackey was not selected to improve the economy or "create" jobs at all. He was picked because so many thought he was the cat's ass among the Wall Street crowd (he's dumber than a bucket of rocks, actually) and to help scare the hell out of enough people that the left could pull off a massive treasury raid in broad daylight.

This raid was not carried out to help the economy, which they have no real desire to do, anyway, else they would be doing it, but to augment the left's massive war chest with taxpayer money.

What they got for their deception were two huge piles of throw-away cash in the form of Tarp and Porkulus, right out of our's, our children's and their children's pockets, and they did it right under our noses.

This loot isn't going to be used to stimulate or fix anything economy-wise, but to help the left maintain control of congress next November, and especially in 2012. Hell, they might even manage to retain the White House, even if it means running Hillary, or someone else, against Obama.

I think they will start doling their ill-gotten booty out over the next year, and in enough strategic places to create the illusion of an improving economy. The rest of the stash will be used to buy enough votes in critical districts and states to make sure the dems retain enough seats to maintain their power. And don't forget how valuable the help of ACORN will be in helping them pull this off.

Should they start running out of loot, then look for Porkulus II to start being kicked around. After all, the scam has already worked for them twice, and not one pitchfork has yet made its way to D.C. By that point, our economy will be in far worse shape than it is now, but Obama will still have high enough approval ratings from the sheeple that he can probably pull this scam off yet again,

Hell, if I were them, I'd try it. I would just wait until the new season of American Idol kicks off. Hell, they could vote George Soros Emperor of America at that point, and most of the couch-riding sheeple wouldn't notice until weeks afterward.

The dems are dead-set on getting their defeat-proof congress, and I think they are dangerously close to having it.

Let's face it, the useless repubs will not do anything about any of it, and couldn't even if they really wanted to.

As I see it, it is going to take something rather extraordinary to prevent this from happening.

-Dave

Our elected representatives have failed us.  

Re 2013

A simple majority of Republicans in the House and Senate and the Presidency will not be enough to reverse anything. It's highly unlikely that Republicans can achieve a filibuster-proof majority in the Senate until maybe the elections of 2014. The Senate is the problem, because only roughly a third are up for election. To flip it from 60-40 to 40-60 we need to gain twenty Senate seats. That's a huge hurdle.

What the democratics have achieved, a supermajority in Congress and the Presidency, is truly historic. The last time this happened was the first two years of Carter's presidency more than thrity years ago, and before that Kennedy/Johnson. The liberal media is loath to note this fact, because voters might ponder the wisdom of giving one party such an absolute monopoly on power.

Heck Dave... I just saw

Heck Dave...

I just saw this, I'm sure as heck not disagreeing with your well-written post...I agree with your sentiments and know that you've got your thumb on what is going on behind the scenes, a lot of us follow this well.

I was only talking about the Senate being the critters that confirmed Turbo-Tax....with the repubs help and the wonderful words some of them said on the floor, it made me sick, same as they did with Holder.

It's mainly the House repubs that are calling for his ouster...that is what my point was.

As to what your are talking about with your summation... a lot of people agree with you all over the internet that I have seen in the last six months...that's for sure.

'Doubling down on stupid is not a particularly good idea'~Breitbart

b

Yeah, I know.

LOL-I just felt like going on a little rant.

-Dave

Our elected representatives have failed us.  

...and a good rant it

...and a good rant it was.

'Doubling down on stupid is not a particularly good idea'~Breitbart

$100 million to Landrieu---

for something or other in Louisiana, in order to get her on board for the Health Care fiasco, millions to the Republican Cao, again in Louisiana, again for the same reason.

Politics as usual.

Ain't pretty; and unless you are a Dem, a Lib, or an Obama lover (for whatever reason), not much fun, either.

MD

"There is no distinctly American criminal class - except Congress."

Mark Twain (1835-1910)

"no one among them has the

"no one among them has the leadership abilities or the guts to take this to it's logical conclusion"

When the Dems are thrown out of power, there will be lots of new faces on the GOP side of the aisle.  Neither you nor I have any clue who these new people might be or what influence they may wield.

I am working towards a 2/3 majority.  We ousted the Dems in our local elections this month.  Next year, we get a shot at our Dem Congress Critters.  If we can get super majorities, we can scrub the anti-constitutionalists from the federal bench by impeachments if necessary.

NL... I hope you're

NL...

I hope you're right...nothing could make me happier.

'Doubling down on stupid is not a particularly good idea'~Breitbart

aha another wunderkind of

aha another wunderkind of Obama is about to bite the dust...

As rants go

I liked your rant Dave, but I have to add. If the house or senate can be republican again,  even the wh, we need people who know its going to be a one term gig. The damage done will be painful first aid and recovery. I hope to have a strong and brave attorney general and investigate the corrupt congress and white house to try to recover the billions stolen from the taxpayers. I want congress critters in jail. I want the pigs at the trough in jail, the likes of AIG, GM, ACORN,  SEIU, and I want a brave soul to go after Obamie and Soros. Someone who will put the country first and forget about a political career. I can pray for "hope and change" can't I?

Re Jail

Uncle George being frogmarched; now wouldn't that be sweet?

Mmm-mmm-mmm

GEITHNER fact check

 GEITHNER: If you look at any measure
of confidence in the financial system, it is substantially stronger
today than when the President of the United States took office.

On Jan 20 gold was at its old all time high of 850FRNs.

 

Freedom is a vital component of human effectiveness and fulfillment.

Viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.