Timothy Geithner is either really stupid or he’s simply lying to buy time. I left work early today and I heard this quote from Rush Limbaugh on the way home (I used to listen to him regularly, but his shtick is getting old – how long can he blame everything on the Democrats and Clinton? [...]
Filed under: Economy, Political | Tagged: Bush is an idiot, China, deficit, Geithner, Inflation, Obama, Rush, Rush Limbaugh, US | Leave a Comment »
Today’s Daily Reckoning had a good piece (as usual) from Bill Bonner. He had an imaginary conversation with Tim Geithner about how to handle the debt bubble. I wish I would have thought of that, but I’m not known for being original. Here’s part of the conversation where Tim calls up Bill and asks [...]
Filed under: Economy, Political | Tagged: Bill Bonner, China, Daily Reckoning, Debt, deficit, Geithner, trade deficit, US Debt | Leave a Comment »
There’s a decent article on CNN.com this evening asking about Geithner’s plan, and if it would work. It raised some some excellent points. What we do know is that the Obama administration is offering extremely favorable terms to the potential investors. The government, as The New York Times reported this morning, would lend private investors [...]
Filed under: Economy, Political | Tagged: CNN, Geithner, geithner plan, Krugman | Leave a Comment »
We’ve all seen how it means a financial company is doomed to disappear when they need to announce that they’ve got “plenty of liquidity”. Something very similar seems to happen when a President feels the need to express “full confidence” in one of his cabinet members. Today Obama said Geithner is doing an “outstanding job” [...]
Filed under: Political | Tagged: Geithner, IRS, Obama | 1 Comment »
They’ll never learn…. Saw this on CNN and it torqued me off. “A strong consensus both for recovery and reform” emerged from the G20 meeting of financial leaders that ended Saturday near London, U.S. Treasury Secretary Timothy Geithner said. “This is a global crisis, and it requires a coordinated, global response,” he said at a [...]
Filed under: Economy, Political | Tagged: G20, Geithner, IMF, Keynesian, savings | 1 Comment »
Saw this article and had to get a link to it here. It says – much better than I could – what I’ve been trying to say about President Obama’s spending. Here’s a snip to give you the flavor of the article. With all due respect Mr. President, Tim Geithner and Ben Bernanke are offering [...]
Filed under: Economy, Political | Tagged: Bernanke, Bush, Geithner, government spending, Mike "Mish" Shedlock, Obama, Paulson, spending | 2 Comments »
Geithner introduced the new FSP today. He says it stands for “Financial Stability Plan”. I think it’s more like “Fucking Stupid Politicians”, because that’s much more accurate. All of the quotes below are straight from the U.S. Treasury press release, available from their website here. After the obligatory suck up to the boss, and look [...]
Filed under: Economy, Political | Tagged: Atlas Shrugged, credit crunch, Federal Reserve, FSP, Geithner, John Galt, Obama, proper role of government | 1 Comment »
A trillion here, a trillion there, pretty soon you’re talking real money…. I just read a Yahoo news story (taken from Reuters I think) which outlines the new bank bailout presented today by U.S. Treasury chief Tim Geithner. In case you didn’t notice, the stock market didn’t take kindly to it, dropping almost 400 points [...]
Filed under: Economy, Political | Tagged: Debt, Geithner, Obama, stimulus, stimulus package, stupid money tricks | Leave a Comment »
