Criticism Mounts on Geithner's Handling of Economy

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As criticism of him rises, the White House is standing by Treasury Secretary Timothy Geithner-- the man hand-picked by President Obama to help turn the economy around.

Some Republican congressmen want Geithner gone.

"Conservatives agree that as point person you've failed. Liberals are growing in that consensus as well," Rep. Kevin Brady charged during a Capitol Hill hearing Friday. "Poll after poll shows the public has lost confidence in this president's ability to handle the economy. For the sake of our jobs, will you step down from your post?"

"My constituents, they're not just anxious, they are mad," Rep. Michael Burgess added. "They are fighting mad about what's happened in the economy. They are fighting mad about the stimulus."

Geithner responded saying he's doing the best he can with a problem he says Republicans helped create.

"You gave this president an economy falling off the cliff. The values of American savings cut almost in half," he said. "What I can't take responsibility is for the legacy of crisis you bequeathed."

Geithner went on to say the government will wind down its $700 billion bailout program as soon as possible, then start trying to lower the record U.S. budget deficit.

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