Timothy Geithner – The Elmer Fudd Of Economics.
Actually, there’s a strain of Chicken Little there too…’The sky is falling, the sky is falling’. It’s the left’s Rocky Horror Show, complete with a gallery of freaks that would make the Rocky cast jealous. It’s the full press of all the Marxists in the government to terrify the American people and stampede the Congressional Republicans into agreeing to raise the debt limit.
Timothy Geithner is a classic example of the incompatibility of the leftist ‘econo-ideologue’ and the American capitalist system. His public advocation of Keynesian economic principles has shown everyone with the wits to see that this man, former head of the New York Fed, little understands what actually drives the economic engine which is America.
The debt is impossibly high and the Fed has pumped billions upon billions of absolutely worthless dollars (meaning borrowed) into a small selected sector of the economy, meaning of course the banks, who instead of having to pay for their collusion in the sub-prime mortgage disasters, were rewarded by the government, who had mandated the sale of sub-prime instruments by the investment banks in the first place. Very few of these guys had their hands clean. Geithner was instrumental in seeing to it that these ‘friends of Obama’ were taken care of. It’s the largest political payoff and money laundering scheme in history.
The most pernicious sellout of the economy has been to the public service sector unions. Timothy was very much in the loop as billions of dollars were pumped into states and municipalities to prop up union jobs. Union leaders were more frequent (and welcome) than the Joint Chiefs to the ‘House That Obama Soiled’. It will be very interesting to see what questions a post El Obama regime Federal Grand Jury would have for Timmy and his cohorts.
The jobless numbers… in a word…. sucked. ObaMao is in deep trouble. El Presidente was confident that John Boehner could be cajoled and conned into the DeMarxists’ carefully laid trap of phased-in cuts, with several dollars to one spending-to-cut ratio over ten years. The problem is… every time in the past that we’ve fallen for that… well, just ask George Bush… he paid for that mistake with his presidency. The Leftists’ promises are, as always, worthless.
John Boehner has seen the light. He’s finally on the program… at least so far. Seems like John was given some spine by a very determined and unwavering freshman class which has wrapped itself in the mandate of the American Patriot Movement.
And then there’s the absolute tidal wave of everyday American patriots, who have been bombarding Congress and our Republican leadership with an unwavering message… Stand up or get out!
Keep it up, America. It’s working.
Semper Vigilans, Semper Fidelis
© Skip MacLure 2011