Skip to content

Heard on the Hill: He’s ‘Got the Wrong Guy’

Treasury Secretary Timothy Geithner popped by the House Small Business Committee for the first time Wednesday, and Rep. Steve King had a couple of questions for him.

“Mr. Secretary, I’m curious about some things,” the Iowa Republican began. “And when I listen to you speak, I don’t hear things I disagree with.”

King said the secretary’s analysis is often accurate, at least within the scope of what he’s talking about. Clearly this is crazy-talk, so King wanted to “illuminate” Geithner’s philosophy by borrowing from the world of ice-skating judges.

“On a scale of one to 10, how would you rank Milton Friedman?” King asked.

“That’s an interesting question,” Geithner replied. “You know, I’m not a economist. I’m not a trained, credentialed economist, so I’d say I probably agree on a lot of his things but not on everything.”

“Wouldn’t put a number to that?” King said. Geithner said he would not.

“Would you put a number to John Maynard Keynes?” King tried again. Geithner said no. 

“Adam Smith?” King asked.

“I’m not going to give you a number,” Geithner said.

King became a bit flustered. “Well, I’m just — I’m a little surprised,” he said. “I would look at you and I think this is a man that’s a complete expert on all three of these individuals.”

“Got the wrong guy,” Geithner said. “I am a student of financial crises, unfortunately, but not a credentialed economist.” He noted he follows the “what’s gonna work?” philosophy.

“I‘d rate it a 6 or 7 in terms of most interesting exchanges I’ve seen in a Small Business Committee hearing,” our spy tells us.

Recent Stories

Nonprofits take a hit in House earmark rules

Micron gets combined $13.6 billion grant, loan for chip plants

EPA says its new strict power plant rules will pass legal tests

Case highlights debate over ‘life of the mother’ exception

Supreme Court split on Idaho abortion ban in emergency rooms

Donald Payne Jr., who filled father’s seat in the House, dies at 65