Ethics Observations On Tim Geithner’s Ethics Quote Of The Month

Stress Test

“I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn’t contribute to the deficit. It wasn’t a main driver of our future deficits, but it did contribute. Pfeiffer said the line was a ‘dog whistle’ to the left, a phrase I had never heard before. He had to explain that the phrase was code to the Democratic base, signaling that we intended to protect Social Security.”

—- Former Obama Treasury Secretary Timothy Geithner, revealing that the White House wanted him to mislead the public on the deficit, debt and Social Security, in his newly published memoir, “Stress Test.”

Some ethics observations:

  • Sadly and predictably, the conservative news organizations are going bananas over this passage, while the liberal organizations—that is to say, all of the rest—are scrupulously ignoring it or trying to. Why sadly? Because in an ethical, objective journalistic culture, every reporter would be examining this admission, and critically.
  • Any journalist who is not bothered by this account has implicitly adopted the position that it is acceptable for the President of the United Sates and U.S. officials to mislead the public regarding crucial matters they have a right to know and understand. This is an unethical position for anyone, but especially for a journalist.
  • Of course, this is not the position of most left-oriented journalists. The position of these journalists is, apparently, that it is acceptable for Democratic Presidents of the United Sates and officials in Democratic administrations to mislead the public regarding crucial matters they have a right to know and understand, since they have exhibited no such tolerance when Republicans have occupied the White House.

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Sec. Geithner’s Dead Ethics Alarm

The ethics problems in the financial sector are rooted in conflicts of interest, some willful, some systemic, some naive. The presumption of the Obama administration when it chose Timothy Geithner to be Treasury Secretary at this time of collapsing trust in bid business was that Geithner, a supposedly canny insider, would bring to the job an invaluable understanding of the systemic problems, and perhaps he has. But the fact that he also brought a stunning insensitivity to basic conflicts principles is disturbing. Continue reading