CNN aired their first edition of their new show Spitzer Parker with Eliot Spitzer calling for the firing of Tim Geithner in Spitzer's "opening argument." I completely agree with all of his points here but it doesn't quite make up for them making Thomas Frank have to argue with Andrew Breitbart in the segment that followed. I love Thomas Frank. They didn't let Breitbart go completely off the rails, but what a rotten way to start a new show and pretending Breitbart deserves any credibility.
That said, most of the following interviews were pretty good that I had a chance to watch and this show might actually make me stand to be able to watch CNN during their 8pm eastern hour again. Here's Spitzer's rant on Timmy and as I said, I agree and he needs to go. He's been nothing but a fixer for Wall Street and he's not looking out for Main Street and the lives of every day Americans and President Obama could do better with who he's getting advice from. I'd be more than happy if he gave Eliot Spitzer a call as he requested.
Spitzer: My opening argument tonight—very straight forward. Mr. President, I’m a fan, a big supporter, I promise I really am but please do yourself a favor, do us all a favor—fire Tim Geithner.
You need a clean sweep in your economic team. Larry Summers is gone. Finish the job. Fire Tim. They haven’t done the one thing people care about, producing jobs. That’s what we need, jobs, more jobs. They took care of Wall Street, but not Main Street.
Look at the record Tim brought to your administration. He was at the New York Fed. You know what he did? He coddled the banks. He was their cheerleader. He wasn’t the cop he was supposed to be. He made the banks rich, surely not Main Street. You know what? We are suffering. He built the foundation that collapsed in a cataclysm of 2008.
You brought him as Treasury Secretary, I’m not sure why and you know what he did there? He bailed out the banks with hundreds of billions of tax payer dollars.
Just one example, Goldman, they got billions of dollars and they said they didn’t even need it. So you know what they did? They gave themselves bonuses with tax payer money. And what did Main Street get? Pink slips, unemployment through the roof, 20% of our mortgages are under water. You know what Mr. President, the reason we have a “Tea Party” is your team took care of the same insiders as the last administration.
We brought our hopes and aspirations to Washington with you and we’ve been disappointed. Please, give us a Treasury Secretary who understands Main Street. I’ve got some names. Give me a call.