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Psychic Profiles | 03/06/2009 12:00 pm

Timothy Geithner's Psychic Profile, by Peggy Rometo

By The Staff at wowOwow.com
© Getty Images

Timothy Geithner has been in the hot seat since he beat out Lawrence Summers last fall as the Obama administration’s Treasury secretary pick. A critically acclaimed "boy wonder" who most recently headed up the New York Federal Reserve, he came under intense scrutiny last month after unveiling his long-awaited economic rescue plan. Stock indexes across the nation plummeted more than four percent after his speech, signaling Wall Street’s deep concern about the government’s ability to restore the health of the banking industry. The debate continued this week when Geithner testified before Congress on the Obama administration’s controversial 2010 budget. We asked wOw Intuitive Peggy Rometo what’s in store for the embattled Treasury secretary.

wOw: Does Tim Geithner know what he’s doing?

Peggy: Yes and no. Yes, in that he’s aware that he has the ability to lead this country out of a financial tailspin and has the resources to get the job done. No, in that he realizes he is going to have to create a new system in order to restore Americans’ faith in their government. His inability to articulate his plan last month came from anxiety, fear and frustration that he didn’t have enough time to prepare his remarks. Being forced to follow Obama’s smooth public performance heightened the void between him and his audience. That lack of connection created an uneasiness he wasn’t prepared for.

wOw: What does the future hold for him?

Peggy: He will be redeemed — by performing better and being more adequately prepared for his public role — if he is willing to let go of the stubborn attitude he personally needs to have all the answers. By gathering the innovators of our country, including its youth, he’ll be able to create a sound action plan in 12 - 18 months. If he concentrates on giving the public one small bit of substantive change in plain English — talking directly to the people, rather than down to them — they will feel he’s heading in the right direction. In early April, he will exhibit behavior that will make the markets rise.

wOw: Will he continue to be at the forefront of President Obama’s rescue plan?

Peggy: I do feel that Obama will remain with him — although the next time a major new policy is presented, he may want to deliver it himself. But he will want Geithner to have another shot at impressing the American people — to show them the skills and knowledge that helped him win the Treasury post in the first place.

wOw: Since Geithner was head of the New York Fed, does he feel responsible for New York’s problems?

Peggy: He does feel accountable, but he’s not going to commit political suicide by taking all the blame. All along, he was working with the information that was provided to him; when it came to regulation, he worked under a kind of "don’t ask, don’t tell" policy. I see it more as an initial lack of awareness than intentionally looking the other way. This experience has taught him the right kinds of safeguards to use in the future. But because crucial checks and balances didn’t happen in the first place, he can’t bear full responsibility for the collapse of New York’s major banks.

wOw: What does the Universe have to say?

Peggy: It’s important to continue to support this man and let him govern. We have to give him a chance to prove that he has the guts, brains and aptitude to solicit creative and resourceful ideas. His strong desire to make a difference is often interpreted as desperation to prove himself. I feel that perception will diminish if he works with others to enact change.

28 Reader Comments (so far…) Sign In or Register to comment

ChrisGlass

I hope that Mr. Geithner will be able to bring positive change to the American people. So many of us have seen our assets evaporate even though we have done all the right things to ensure a retirement.

What I hope for is oversight of the financial system by people not working in the banking and securities arena. It would be wonderful if there was a way for people with questions or doubts about certain practices to be able to post those directly to the regulatory committees via e-mail. That might help to stop some of the problems before they reach crisis levels.

By ChrisGlass on 03/06/2009 11:39 am
GreenTears
I hope Tim reads this - many good suggestions for him here.
By GreenTears on 03/06/2009 11:39 am
GrandeCamper

"Geithner’s truest path to success will be to stop blaming the Bush administration and start welcoming others to be his partners in change."

I hope that true.  We are still blaming, blaming and pointing fingers in our society.  We do need to stop and start building.

By GrandeCamper on 03/06/2009 1:02 pm
MsDee1

Ms. Rometo, your instincts align with my own.  Geithner probably functions much better in a less contentious atmosphere, so pulling a supportive team around him would do a lot to bring a little wind back into his sails…at least in the day-to-day.  And that’s bound to strengthen him in his public discourse.  I wish him all the creative intelligence in the universe. 

By MsDee1 on 03/06/2009 1:26 pm
HABIBI

Agreed, Perhaps the people who he want’s to work for him, already paid their taxes. Poor Timmy…..No fun in the sandbox alone!

 

By HABIBI on 03/06/2009 7:10 pm
TinkaParker
Peggy, please do Bernie Madoff next. I’d like to know what goes on in the mind of a creature like him.
By TinkaParker on 03/06/2009 5:23 pm
AndreaBrandon
Tinka, I bet I can answer that [about Madoff]. An obsessive compulsion to do whatever needs to be done to make more money, to the exclusion of all others. There is no "mind" in a person who has such tunnel vision - the addiction keeps him on auto-pilot. [My best guess.]
By AndreaBrandon on 03/06/2009 5:44 pm
AmeliePoulain
Did you just insult several billion Chinese speaking people by saying that because Tim speaks Chinese we are DOOMED?  Nice move SJ.  (Pssst.  Pull up your socks, girl. Your racial fear is showing.)
By AmeliePoulain on 03/08/2009 3:01 pm
SJMorgan
If your govenment speaks a different language…you ought to know what they are saying!  It’s pretty scary to me that the USA may be owned by another country…. evidently it does not matter to you!  Unless you are promoting  that situation!  Are you?
By SJMorgan on 03/08/2009 4:16 pm
TeeZee
Great insight Peggy!  It’s gonna be a bumpy ride but it appears we’ll make it through…keep up the great work, I look forward to your contributions.
By TeeZee on 03/06/2009 8:56 pm
KaySara
I am a fan of Peggy’s, but I think this interview and questions fell short of trying to get to the personality and motivations of Geithner. 
By KaySara on 03/07/2009 7:54 am
KaySara
P.S. I am amazed at interviewer’s lack of follow-up questions to comments made.  Dig deeper when a nugget gets tossed out interviewers.  Engage your brain and listen to the answers for Pete’s sake.  Or are you just so proud you got the one question out that someone else gave you to ask and you don’t understand what the topic is about and what the answer given insinuates and/or leaves unsaid?   Anyone who claims this was a good interview is half brained.
By KaySara on 03/07/2009 7:57 am
MikeHunt
Anybody that tried to cheat on their taxes should’ve never been confirmed. I remember it was called a hiccup. What should Obamas shortfallings be called?
By MikeHunt on 03/08/2009 9:40 pm
SJMorgan
"What should Obamas shortfallings be called?"……………Cerebral Flatulance!
By SJMorgan on 03/08/2009 11:11 pm