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Tim Geithner, Liar.

Jimmie | July 24, 2011 | Comments (0)

I’m sorry if the title of this post offended you, but it’s true. Tim Geithner went on national television today and accused Republicans of something he knows is not true. That makes him a bald-faced liar, by any definition of the word. The Treasury Department on Sunday accused House Republicans of “praying for default,” because [...]

Fun at AIP: The Obama Economic Tag Team Flop and Porny Gorillas!

Jimmie | August 3, 2009 | Comments (4)

My new piece at AIP tackles the Geithner/Summers tag team who hit the Sunday talk shows yesterday. Their message was simple: the President considers deficit reduction a top priority and our economy cannot possibly recover with such a high deficit. And also mumblemumbletaxincreasesonthemiddleclassmumblemumble. I’ve yet to see an actual wrestling tag team pin themselves and [...]

It’s Payback Time and GM is the Loot

Jimmie | April 27, 2009 | Comments (1)

Larry Kudlow seems baffled by the administrations “bailout” of General Motors. What is going on in this country? The government is about to take over GM in a plan that completely screws private bondholders and favors the unions. Get this: The GM bondholders own $27 billion and they’re getting 10 percent of the common stock [...]

Surgery With a Dull Instrument

Jimmie | April 13, 2009 | Comments (0)

The New York Times is reporting that the Treasury Department is telling General Motors to prepare itself for a “surgical” bankruptcy, to be performed by the government. Secretary Geithner hopes to get the deed done quickly and to have two different companies when he’s finished, a good one with nothing but healthy assets and a [...]

Boy, Those Venture Capitalists Sure Aren’t Team Players, Are They?

Jimmie | April 10, 2009 | Comments (0)

Venture capitalists are not being very welcoming to their new Democratic overlords. Instead of gladly, nee eagerly, acquiescing to Tim Geithner’s suggestion that they be regulated with all the subtlety and care of a prostate exam from a Borg, they’re wondering what the heck they did to draw his attention. The confusion began when Treasury [...]

Giving Failed Bureaucrats Even More Power is Not a Good Idea

Jimmie | March 24, 2009 | Comments (0)

This can’t possibly lead to anything good. The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document. The government at present has [...]

Meet the New Plan, Same As the Old Plan

Jimmie | March 23, 2009 | Comments (0)

Financial genius, noted tax cheat, and Treasury Secretary Tim Geithner has unveiled his new plan for solving the credit crisis and pulling the country up from its recession. He wants to buy up the toxic assets that are clogging up financial institutions. That’s not a terrible plan at its core. One of the biggest problems [...]

Tales of Brave Ulysses, Starring Barack Obama

Jimmie | March 22, 2009 | Comments (2)

It looks like the President has lashed Tim Geithner to the mast like an unwilling Ancient Mariner and is steering our economy right into Charybdis’ gaping maw*. At least the President made himself recession-proof by signing a big, fat deal worth half a million dollars not to write a book just before he took the [...]