After testimony and a subsequent presentation from Treasury Secretary Timothy Geithner yielded a less-than-desired response concerning the Obama Administration’s willingness to adandon the dollar for a global currency, Republican Congresswoman Michele Bachmann (MN – 6) introduced a resolution which would disallow the use of a foreign currency in place of the American dollar in the U.S.

“Yesterday, during a Financial Services Committee hearing, I asked Secretary Geithner if he would denounce efforts to move towards a global currency and he answered unequivocally that he would,” said Bachmann. “And President Obama gave the nation the same assurances. But just a day later, Secretary Geithner has left the option on the table. I want to know which it is. The American people deserve to know.”

Asked today about a currency proposal from China at a Council on Foreign Relations event, Secretary Geithner stated he was open to supporting it. Despite attempts to clarify his remarks later in the day, the unguarded initial response calls into question his true intentions.

Here’s a video of the committee exchange. 

Wow. Check out Barney Frank’s response to Congresswoman Bachmann’s request that Secretary Geithner answer her final question.

This is my letter to Congressman Frank concerning his treatment of Congresswoman Bachmann:

I find it decidedly reprehensible that you – sir – have presided over the economic meltdown in which we currently find out nation. It would take innumerable pages of delineation – statements from committee hearings, countless interviews, etc. – to fully illustrate your malfeasance and blatant negligent attitude toward the financial institution of the United States.

What I would briefly like to comment about is your recent attitude toward the questions posed by your colleague, The Honorable Michele Bachmann of Minnesota, to Treasury Secretary Timothy Geithner. Congresswoman Bachmann posed a serious question about the leveraging of certain purchases in the public-private partnership – to whom those funds would ultimately be returned – and you, visibly and audibly burdened by your failure on the House side, angrily shut her down and informed her she would not be getting an answer to her question.

Congressman Frank, isn’t it time for you to step down and allow someone who is more responsible with the trust of the American people to do your job?

Representative Donald Manzullo called Treasury Secretary Timothy Geithner’s plan for a federal takeover of private industry ‘radical’ in a recent House Financial Services Committee meeting recently. Here’s the exchange:

“Do you realize how radical your proposal is?” Rep. Donald Manzullo (R-Ill.) asked.

“It’s not radical. . .” Geither began, before Manzullo interrupted him.

“You’re talking about seizing private businesses and you don’t consider that radical?” Manzullo replied, his voice rising.

Manzullo is trying to get Geithner to give details of the plan — that’s where Geithner got stung before — but Geithner doesn’t have them yet.

If the plan were not radical, Manzullo said to Geithner, “you would have answers to some of my questions, such as, what size business would be subject to this?”

You know how liberals just love, love, love to raise your taxes? Maybe it’s because it doesn’t affect them due to the fact that – oftentimes – they don’t even pay them!

Exhibit A: Bill Richardson. New Mexico Governor Bill Richardson couldn’t withdraw his name fast enough after financial woes threatened to inpede his nomination.

Exhibit B: Timothy Geithner. Claiming that his TurboTax program missed several thousand dollars in money owed to the IRS, Geithner was nominated by Obama as the Secretary of the Treasury (ironically enough). Senators didn’t think this was problematic enough and confirmed him anyway.

Exhibit C: Nancy Killefer. Allegations that Killefer overlooked some payroll taxes quickly prompted her to remove her name from consideration for a newly-created post in the White House.

Exhibit D: Tom Daschle. Now, where did Tom Daschle put that $128,000 check he made out to the IRS? Who knows. But Daschle quickly withdrew his name from consideration just today.

Need I elaborate further?… I didn’t think so.