Geithner: Obama Wouldn’t Ask Me to Stay in a Second Term
That’s the headline. That’s pretty much the meat of the story. Timothy Geithner thinks Obama won’t re-appoint him.
I think he’s giving Obama too much credit.
I don’t think Obama could care less whether he stays or goes. The position is moot under Obama.
Obama has one economic philosophy, tax the rich and give it to the masses. That’s it. There’s no trickle-down to explain. No Keynesian to explain. Really, no fiscal policy to explain. Tax the rich, give it to government entities that pay union dues. That’s it.
Geithner was perfectly suited to do that job.
Jessica Simpson is perfectly suited to do that job. I couldn’t get her elected President, but she could do this.
For that matter, Paris Hilton is probably too experienced.
Hell, even Heidi Montag would do perfectly, she’s really motivated at taking other people’s money.
At least they would have some experience stimulating something.
Bottom line, only an idiot would walk away from a job where they are expected to not do anything tangible. For being the Treasury Secretary during one of the most stagnant economies in the history of this country, he’ll forever be tagged with being a loser. He might as well ride this shipwreck as long as he can.
- February 18, 2009 -- Thomas Sowell and Upside Down Economics (0)
Every now and then, not really too often, I feel like I am the only one with the insight and divine intervention of knowing what the heck is going on. That's not necessarily an arrogant feeling. It...
- March 20, 2009 -- Is Obama stunned about Geithner? (0)
President Barack Obama said Thursday on “The Tonight Show” that he was stunned when he learned of the bonuses that bailed-out insurance giant AIG was paying its employees.
Obama told host Jay Le...
- April 19, 2011 -- Obama’s rousing economy speech (0)
A few days ago President Obama delivered his vision of the 2012 budget. It was less than well received:
The Republicans, as expected, weren't too pleased with it either.
Here it is if yo...
- October 10, 2006 -- Medicare for All (2)
Democrats chided Bush the first few years he was in office as a reckless spender. Then the economy took off and they sorta dropped it in favor of "taxing the poor and giving big tax brea...
- December 30, 2008 -- Nancy Pelosi and math (0)
Nancy Pelosi never ceases to amaze me with her ability to say something obviously stupid. We got another great one today. A little background first:
After this year’s deluge of tax-rebate checks...