Geithner Asked to Resign For the Good Of the Country

Turbo Tax Cheat Timmy Geithner is on the hot seat.
The facts are spelled out very calmly by Congressman Brady.
See for yourself.


[edit on 19-11-2009 by Eurisko2012]

reply to post by Eurisko2012


Wow I was watching ED on MsNBC and one of the Dems from Oregon was trashing Geitner and the whole Obama economic team. Go figure.

reply to post by HotSauce


Really I didn't see that.If the liberal media turns on the obamical it's really gonna get ugly.They probably will since G.E.=MSNBC will gain nothing if cap and trade doesn't pass and that looks probable to me.And did you here about the global warming summit?

This put a giant smile on my face. Geithner should resign and never return to a public policy position ever again. He's completely inept, and if not, then he's a damned criminal like Bernanke and Paulson.

Geithner Says He Won’t Step Down, Takes a Few Swings at Republican

blogs.wsj.com...

Same article?

reply to post by genius/idoit


Of course he won't step down.Did you see him trying to make excuses and blame Bush?
I loved when the other guy told him to take responsibility and then he says he is willing to be held accountable.

Typical blame the other guy policy and try to look like you are a man of integrity.

reply to post by DrumsRfun


He tried to make excuses.
Everything Mr. Brady said was true.
The liberals and the GOP want him to resign.
The Chinese are going to stop buying our Treasury Notes.
What then???

I was watching the committee hearing... after Brady or whoever castigated Geithner...the next questoner prefaced his inquiry time with
the statement _ (i paraphrase): I do not say you should be Fired ...

I say that You should never have been hired.


[in my mind--> all the congress that later voted 'Yes' on the second
vote for the bailout, They should be fired too!]
recall that public opinion was 100-1 against TARP and the understated bailouts for the fancy-pants bankers, et al,
& congress defeated the first proposed bill ~ as it should be ~

but the aloof Senators resurrected a blank bill, added the same bailout language on a 2nd bill -- and that one passed.

geithner/bernanke/all Senators voting AYE...U tell me what to do with 'em

Originally posted by Eurisko2012
reply to post by DrumsRfun

 

He tried to make excuses.
Everything Mr. Brady said was true.

Yeah thats what I saw as well.
It looked like he was dealing with ats members!!

I find it kind of amazing all those people are seeing it for what it is and not buying Washingtons bs anymore.
You can say everything is fine but most people are starting to realize that things are far from fine.

As far as China is concerned,I think they might be getting fed up with the bs as well.

They just keep digging a bigger hole in hopes that they will never have to pay the piper like the rest of Americans and keep passing their troubles off on taxpayers.

When he resign should the fed Goldman Sach puppet Bernanke resign too, with all the congress whores behind following.

After all the Problem in America is the lack of leadership in the political system that has become a tog a war for special interest, they are screwing the nation and they know it, but none of them have the balls to stop it without the repercussions of their pimps the lobbyist.

Geithner is doing a great job.

For his bosses, you have to understand; he doesn't work or care about the American people or our well being.

He is making himself richer, the Federal Reserve richer, and the world bank richer - That is his job.


So no he won't step down, he is a worthless piece of trash, and hes proud of it. ( he even admitted he was proud being with the Federal Reserve )

He and his cronies should be locked up, this is absurd.

Originally posted by Eurisko2012
reply to post by DrumsRfun

 

He tried to make excuses.

I heard him taking responsibility for his actions and policies. Brady on the other hand was ignoring the state of the economy when Mr. Geithner took up his post and trying to hold him responsible for the policies of the previous failed administration.

Everything Mr. Brady said was true.

Everything Mr. Brady said was an ideological tirade. His facts are wrong and his purpose was to grandstand for his constituency. The economy is improving and the public confidence in it is improving.

It isn't as good as when Bush took over from Clinton, but it is better than when Obama took over from Bush. Simple fact. And simple fact which Brady refused to hear by shouting down the witness every time it was pointed out.

Bush had 8 years to break the economy and did an exceedingly good job if it. This administration has only had 8 months to work on it and is making progress.

The liberals and the GOP want him to resign.

The GOP wants everyone to resign, what is surprising about that? And you may have misspelled the "libertarians' in that sentence.

The Chinese are going to stop buying our Treasury Notes.
What then???

Then the Fed will have to start raising interest rates so people can see some value in the dollar and start buying them again. Treasury Notes are worthless due to low interest rates and rising inflation. Why should China pay for 'our' meltdown?

Besides, too much foreign debt in one place is not good. Europe needs to buy more, they could think of it as a reverse Marshal Plan.

[edit on 19/11/2009 by rnaa]

[edit on 19/11/2009 by rnaa]

reply to post by xstealth


I hear you, his life is well taken care off, perhaps he will be made into the falling guy after all somebody has to be held accountable for the nation falling into crap.

With the 2010 elections just around the corner, I expect to see a shakeup in Obama's economic team.

The economy is still looking bad and if the trend continue, the Dems will pay a heavy price at the polls.

Look for them to put pressure on Obama to do something.

Ol' Timmy may be the perfect fall guy.

This is purely smoke and mirrors - Geithner is just as much a puppet as anyone else - there is no point debating the color of the wall paint in a house that is falling off a cliff.

It also smacks of trying to create a swing back to democrat - as those are the better, more pliable puppets of the warmongers.

You could shoot Geithner in the head, and keep him in the same position as a rotting corpse and he would still advocate the same policies, loudly and publicly - these decisions are not made by these puppets, and those who pull their strings don't give a damn if they are alive or dead, politically, or literally.

The surge in printing was required to meet money creation needs - the debt level is consuming currency at such a massive rate - only massive creation of new debt (and therefore money) can feed the debt monster.

Deflation due to currency being consumed as interest on existing debt is approaching a vertical asymptote - if they fail to create new debt quickly enough, interest needs will consume all the dollars in existence, leaving a money pool of zero.

The plan is just a delaying tactic - they need to create new debt to prevent the money supply disappearing in a puff of logic - but the new debt carries interest, so the end cannot be avoided - only delayed a little longer.

Only by systemic and massive debasement of the US currency can the monster be fed - but debt always carries interest - the Fed rate of zero does not translate to a market with a zero rate - the real market rate reflects the deflationary economy, and therefore is ridiculously high - and therefore a massive consumer of currency.

Only a total collapse and liquidation of bad debt can reset this scenario - and that is not on the table.

The dollar is being spring loaded for a sensational bounce - but the end result is no dollars - anywhere.

Originally posted by jam321
With the 2010 elections just around the corner, I expect to see a shakeup in Obama's economic team.

The economy is still looking bad and if the trend continue, the Dems will pay a heavy price at the polls.

Look for them to put pressure on Obama to do something.

Ol' Timmy may be the perfect fall guy.

If Timmy gets thrown under the bus, who will replace him?
A Goldman Sachs executive?

Originally posted by jackflap
reply to post by 5 oClock[/url]

 

Originally posted by Eurisko2012

If Timmy gets thrown under the bus, who will replace him?
A Goldman Sachs executive?

Or a JP Morgan one. remember it goes back and forth from Goldman rats to JP Morgan ones.

Originally posted by HotSauce
reply to post by Eurisko2012

 

Wow I was watching ED on MsNBC and one of the Dems from Oregon was trashing Geitner and the whole Obama economic team. Go figure.

Oregonians are starting to feel, perhaps a little slowly as they are devout Democrats, very abandoned by the Obama team. No matter what the State Gov says, little money is coming in from stimulus programs.. and more than the amount that's come in is already allocated.. thus there are no jobs, population growth is now slowing and we are facing a financial crisis.

Originally posted by xstealth
Geithner is doing a great job.

For his bosses...........,

Ha, I can already see Obama coming out and saying:
"Timmy, you're doing a heck of a job"