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.
President Bush took a lot of heat for saying some pretty stupid things. President Obama blows him away on a very regular basis. Today President Obama gives another lesson in geography.
( At about the 35 minute mark
Just a technicality, Hawaii is a state within the United States. As such, it’s part of North America. Physically, it’s none of the above. It’s just a few islands in the middle of the Pacific Ocean. I am quite certain that once Obama realizes the United States took Hawaii away from the Asians, he will bow his head down to a Japanese person and apologize profusely.
Yeah! Tell me another one! Whew. OK. Let’s get serious. Obama, as usual, is attacking the concept of personal responsibility. The concept that people willingly and knowingly incurred a debt is meaningless to Obama. Completely. Under his watch, the student loan program has been removed from the private sector and made federal ( that’s called socialism, folks ). Now, under a law passed within Obamacare ( yeah, that’s right, student loans are part of health care now ), he’s changing the way the loans are paid back if a student so desires.
What he will never, never, never do. Did I say never do? Is question for one second WHY college tuitions are so expensive in the first place.
Did I say he would never do it? Yeah, I did. Let’s start at the top for a few examples. Shall we?
- Ohio State University. E Gordon Gee, $1,346,225.
- University of Washington, Mark Emmert, $887,870
- University of Virginia, John T. Casteen III,$797,048
- University of Texas, Mark G. Yudof, $786,045
- University of Michigan,Mary Sue Coleman,$760,196
- University of Colorado at Denver,M. Roy Wilson, $740,415
- University of Minnesota-Twin Cities,Robert H. Bruininks, $733,421
- University of Florida,J. Bernard Machen,$731,811
- Arizona State University, Michael M. Crow, $728,750
- Georgia State University, Carl V. Patton, $727,487
Now, contact your local bank and ask them how much the President of the bank makes.
Go ahead, I dare ya.
I double-dog dare ya.
Obama’s not going to do anything about these greedy administrators getting rich on the backs of the poor downtrodden college student for one very simple reason:
- Microsoft Corp $170,323
- Comcast Corp $116,155
- Harvard University $94,225
- Google Inc $90,166
- University of California $83,679
- DLA Piper $79,375
- Chopper Trading $64,815
- Skadden, Arps et al $64,162
- Stanford University $62,928
- Ballard, Spahr et al $61,300
- Time Warner $60,050
- US Government $57,430
- National Amusements Inc $57,100
- Latham & Watkins $54,582
- Arnold & Porter $51,200
- Goldman Sachs $49,124
- Exelon Corp $48,625
- Mayer Brown LLP $46,700
- Bank of America $46,699
- Columbia University $45,097
Universities have more money to give than those greedy corporate banks.
And you know where that money comes from dontcha? That’s right. Obamacare is making sure kids who can’t afford those administrative salaries can borrow all they ever wanted from the federal government.
And if the payments get to be too much, they occupy Wall Street to protest.
Yeah. And not one single person at CNN or MSNBC questions the hypocrisy of all this. Obama attacks banks, Occupy Wall Street shows up on cue complaining about bank greed and having to pay their student loans, and not one single “student” complains about greed in higher education, where they are making more than most bankers.
26
Oct
Jobs report in October 2011:
Not much time left. Which begs the question:
This is Tom Vilsack:
This guy is exactly what’s wrong with the federal government today. He is the Agriculture Secretary. He is in charge of the food stamp programs. That includes WIC too. Now, he saw this data:
That is the number of people on food stamps. It has basically increased every single month since Tom Vilsack has been the Agriculture Secretary. This is his take on that data:
“The reason why these number have gone up is that we’ve done a pretty good job of working with states that had done a poor job in the past in getting the word out about this program,” he told MSNBC. “We’re now working with them to make sure that people who are eligible get the benefits.”
My take’s a little different:
See that spike right at the beginning of Obama/Vilsack’s term? That’s about 25% or so. I’m going to bet everyone of those people wound up on Vilsack’s tab.
Only in DC can someone look at a sharp increase of people living in poverty and not only call it a success, but actually try to credit for it.
However, I don’t think most people are going to give Vilsack credit for the horrid shape of the current economy.
16
Aug
Gene Simmons, you know the guy:
He just tweeted me this:
Seems kinda sure about that.
Love an inopportune headline. The message is obvious. Due to the inferred agreement between the House and Senate, the debt ceiling has been raised, ending the speculation that the United States might default on its loans.
Only problem is, the rally didn’t last, so the headline looks kinda stupid. And, it was from the onset for several reasons.
First of all, markets don’t react according to what MIGHT happen, they react to what they know WILL happen. They KNEW the US would not default on the loans even though a lot of media, and the President, were saying it would. So, this agreement doesn’t remove a peril the markets KNEW was never real. What it was looking for was the solution to the debt ceiling crisis, not the crisis itself. What it got was a mixed bag. Debt ceiling is increased, good for the markets. It has budget cuts built in, bad for the markets. It has triggers to cut the military, bad for the markets. It has triggers built to cut Medicare. Bad for the markets.
And, as of this post, it does NOT have an agreement to raise the debt ceiling. Bad for the markets. Bottom line, there is nothing good about this situation other than the fear mongering by the Democrats, social service industries, and the gold market, should be eliminated and money should in general go into the markets a little more than they were. Only those that bet financially that Obama and Harry Reid were telling the truth would have pulled theirs out up to this point.
In the heat of a budget stand-off, President Obama had this bi-partisan spirited comment to smooth the hurt feelings and bruised egos:
That’s right, the Republicans are going to take away your social security after August 3 if Obama doesn’t get what he wants.
Scaring the beejeebers out of the elderly, we’ve not seen that one before have we?
Bet the Social Security Trust Fund Board isn’t too happy right now. I don’t know a whole lot maybe, but I do know that social security is funded separately from the federal government and therefore have a priority over in-house discretionary funding. In other words, a lot of other things will be shut down before Social Security can be touched. For Obama to say what he did only has one intent, to scare the elderly into pressuring Republicans to give Obama what he wants, a much bigger budget financed by about 99% borrowing and 1% tax revenues from the “wealthiest” 2%.
Don’t fall for it unless you really want to.
As of this writing, Hillary Clinton is still President Obama’s Secretary of State. Also, Anthony Weiner is still a Congressman from New York.
I really get the feeling Obama’s not terribly excited by either those arrangements.
I see a simple solution to make everyone happy.
Hillary leaves to become President of the World Bank. Given the gender issues the Word Bank has, they need a woman on top.
That opens up a position for Weiner to take. Everyone’s seen how basically useless a Secretary of State under Obama is.
The Congressional seat is being eliminated most likely in 2012, so no money is wasted replacing Weiner.
Everyone’s happy.
May sound crazy at first reading, but do remember, the current Secretary of State was a very unpopular elected official from New York too.
9
Jun
On Friday ( 6/4/2011 ), Whitehouse uploaded a video of President Obama touting his economic policies in Toledo, Ohio. He cited the success of the local plant and how it was supporting other businesses like New Chet’s.
( Skip to 3:40 if you don’t want to listen to the whole thing. )
Five days later New Chet’s released this statement:
