CBS's Early Show Skips Grilling of Geithner and Calls for His Resignation
CBS’s Early Show on Friday completely ignored the grilling Treasury Secretary
Tim Geithner received on Capitol Hill on Thursday and the calls for his
resignation by members of Congress. ABC’s Good Morning America and NBC’s Today
both covered the contentious exchanges.
ABC’s Good Morning America provided the most coverage. Correspondent Bianna
Golodryga observed that "a handful of Republicans and one Democrat are calling
for his resignation" based on the current economic situation. She then played
video of Republican Michael Burgess deriding Geithner: "I don't think you should
be fired. I thought you never should have been hired."
Another clip featured Republican Kevin Brady directly asking the Treasury
Secretary: "For the sake of our jobs, will you step down from your post?" But,
even though the Early Show found time for generous coverage of Oprah Winfrey and
the announcement that she’s retiring in two years, the news program skipped
reporting on the calls for Geithner’s resignation by these Republicans. (House
Democrat Peter DeFazio and Democratic Senator Maria Cantwell
both have previously made similar announcements.)
CBS’s Evening News also did not cover the story on Thursday, unlike ABC’s
World News and NBC’s Nightly News. Both of those shows did and featured the
calls for resignation.
GMA correspondent Golodryga on Friday did attempt to defend Geithner. At the
close of her report, she asserted, "One year ago, the stock market was on a
nose-dive. Major banks were going under. And the economy suffered its biggest
quarterly contraction in seven years. Now, all of that has significantly
improved today, except for when it comes to jobs." However, Golodryga left out
any mention of the deficit, which has been tripled under President Barack Obama.
This Week host George Stephanopoulos appeared next and did
admit that the Obama administration’s claim that things could be worse without
the stimulus, isn’t "good enough." But, he also dismissed any notion of a
growing movement against Geithner: "You have still only got two members of
Congress [sic].
One from the far right and one from the far left who have
called for him to go. And, also, one Senator, Maria Cantwell of Washington."
NBC’s Today featured a Ann Curry news brief on the topic:
ANN CURRY: The White House is defending Treasury Secretary Timothy Geithner,
who came under some heavy fire on Thursday for how he's handling the economic
crisis. Some Republicans on Capitol Hill called for his resignation, and at
least one Democrat agreed that he should step down. Geithner was criticized for
the nation's 10.2 percent unemployment rate and for the slow recovery but the
White House later said, that Geithner has helped bring the economy back from the
brink.
Then, in a later segment, Meet the Press host David Gregory appeared and
briefly touched on the issue. He dismissed the attack on Geithner as a
"perception problem," saying, "You've got Wall Street doing better than most
American workers in this country, you've got 10.2 percent unemployment and a
ballooning federal debt. Those are the problems for Secretary Geithner, and he's
just the proxy,
because those are really the problems for the President.
Overall, it's a perception problem that the administration has to deal
with."
A transcript of the Bianna Golodryga segment, which aired at 7:10am EST on
November 20, follows:
ROBIN ROBERTS: Now, to the political revolt under way over Treasury Secretary
Tim Geithner, the man hand-picked by President Obama to turn around the
economy. A handful of Republicans and one Democrat are calling for his
resignation. This morning, the White House firing back. And our financial
correspondent Bianna Golodryga has more on that.
BIANNA GOLODRYGA: Rough day, yesterday. It was anything but your typical
Capitol Hill hearing. The Treasury Secretary spent the yesterday defending how
the administration is handling the economic recovery. The normally reserved
Geithner could not hide his frustrations, however, at accusations that became
rather personal. And that's when things got heated.
REP. MICHAEL BURGESS (R-TX, Joint Economic Cmte.): I don't think you should
be fired. I thought you never should have been hired.
REP. KEVIN BRADY (R-TX, Ranking member, joint economic Cmte.): For the sake
of our jobs, will you step down from your post?
GOLODRYGA: The Treasury Secretary took issue with the notion that the Obama
administration is to blame for the economic crisis.
TIM GEITHNER (Secretary of the Treasury): You gave this President an economy
falling off the cliff. Values of American savings cut almost in half. -I can't
take responsibility is, is for the legacy of crisis you bequeathed this
country!
BRADY: This is your budget. This is your bailout. This is your stimulus. This
is your act. It is time to take responsibility.
GEITHNER: I take full responsibility for those.
BURGESS: My constituents, they're not just anxious. They are mad. They are
fighting mad about what has happened in the economy.
BRADY: It's appropriate for the American people to assess how well this
administration's economic policies are working. They are not. They have
failed.
GEITHNER: I agree with almost nothing in what you said. And I think almost
nothing of what you said represents a fair and accurate perception of where this
economy is today. If you look at any measure of confidence in the financial
system, it is substantially stronger today than when the President of the United
States took office.
GOLODRYGA: And it's not just Republicans who are calling for his head. A
Democratic congressman started it all on cable TV.
ED SHULTZ: Should he stay in his job, Congressman?
REP. PETER DEFAZIO (D-Oregon): No.
SHULTZ: You think Tim Geithner should be gone as Treasury Secretary?
DEFAZIO: I do.
GOLODRYGA: So, let's look at the facts. One year ago, the stock market was
on a nose-dive. Major banks were going under. And the economy suffered its
biggest quarterly contraction in seven years. Now, all of that has significantly
improved today, except for when it comes to jobs. The unemployment rate back
then was 6.6 percent. Today, that's nearly doubled. And that's become the
administration's Achilles' heel now.
—Scott Whitlock is a news analyst for the Media Research Center.