Too Big To Not Be Confirmed

Recently one of the phases used a lot in the media these days has been, "to big to fail." For example, the $700 billion dollar bailout was sold to the American public as a way to save banks who were "to big to fail." Or how about the auto bailout. The automakers and their related industries were declared too important to our economy so they had to receive a bailout.

This week has brought an interesting twist to the "to big to fail" mantra. For first time since this economic meltdown started last fall the media is touting Timothy Geithner's confirmation as Treasury Secretary as too critical to fail. Apparently, the politicians in Washington think that Timothy Geithner is the only man who can handle this economic mess in spite of his inability to file several years of his taxes properly. In The New York Times article titled Geithner Grilled Over Tax Issue, Iowa Senator Grassley expressed how vital Geithner is in saying, "To some he isn’t merely the best choice; to some he is the only choice.”

Looks like the politicians in Washington are looking to give Timothy Geithner a magic hall pass.