Geithner's apology makes it worse

Treasury Secretary-designate Timothy Geithner apologized for his $34,000 tax mistake .  He said, "These were careless mistakes.  They were avoidable mistakes.  But they were unintentional.  I should have been more careful."I take him at his word.  That's why he should not be confirmed as Treasury Secretary.We should first notice that $34,000 is not a small amount.  And that is the tax, not the underlying income on which tax was not paid.   As Treasury Secretary he would be in charge of the IRS.  He would be the boss of the bosses in charge of the people who audit people like him.  He would also be the economic czar as we try to bail ourselves out of this recession.Let's look at an analogy.  I am an engineer.  Let's say I need to hire a mechanical engineer who can design things that must stand up, take a beating, and remain standing - like a good bridge.  I get an applicant who has great academic...(Read Full Post)

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