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Tim Geithner – The Lying Treasury Secretary

admin on 08 8, 2010

US Treasury Secretary Tim Geithner has a pattern of in engaging in half-truths and outright lies. His track record of lying goes way back to when he was a well-paid liar for the Bush Administration. Now though, since he has been elevated to US Treasury Secretary by our lying president and the liars on his advisory team, Tim’s lies have by default been elevated to the status of “whoppers”. This should come as no surprise to anyone since Tim Geithner’s confirmation hearings revealed that Tim had been lying about his own taxes. Unfortunately, that was only the start of things.
Tim lied about bailing out AIG, claiming that it was the government’s “only option”. Sorry Tim, but we think that you meant to say “the only option that would further enrich Goldman and other criminals within our cartel”.
Many will recall Timmy having lied about “not knowing” about the insane-in-nearly-every-way bonuses that Wall St. thugs were able to steal off with in the very aftermath of the crisis that their own larceny brought about. Remember that it was all about the “timing”, as in, he was “misinformed” about how much time he had to address those bonuses but they were paid out before he could get to them. Oh well. It is only a couple of hundred billion dollars anyway. That is not a sum to lose your cool over in a confirmation hearing especially when you have more important cover-ups to feign outrage over in the very near future.
For instance, Tim was lying again when he claimed that Goldman Sachs and other Wall St. syndicate firms had no influence on the decision-making by the government and its regulators. Nevertheless, just as with lying Supreme Court nominees, once the “hearings” are over and they have taken the oath (that apparently means NOTHING tom them) they nearly immediately revert to showing their true colors. Hence, Timmy hired as his chief of staff ex-Goldman LOBBYIST Mark Patterson. Yes, the point man for assuring that Goldman got what it wanted concerning bailouts, rules changes, judges of which to be tried before if it came to that, writing legislation, being informed of the news in advance, and various other schemes that would appear to be illegal except within the confines of Washington, D.C. The lying is not a “financial industry” phenomenon alone.
The Auto industry takeover brought out more of Tim’s lying. He claimed that the government was trying to “get out” of those companies and thus those industries over one year ago. Does it really take that long Tim? Since you and your boss claim to have saved Chrysler and GM and claim that all things are so very rosy for those two companies now, how hard would it be to find buyers of such upside potential? When questioned more recently the administration would only say that they consider the GM and Chrysler bailouts and restructuring a “permanent solution”.
Tim’s lying is not only of the domestic variety. Let us not forget his trip to China wherein he attempted to lie to the Chinese, who are accustomed to being lied to so they saw right through it. Tim was there giving a speech attempting to reassure the Chinese that their enormous stash of US denominated assets were safe and that he has a strong USD policy and outlook. This whopper brought howls and laughter from students at Beijing University who, as hosts, were attempting to be polite! How couldn’t it bring laughter? Since they assumed control, Obama and Geithner have been lying about fiscal responsibility and “putting our fiscal house in order” but meanwhile they have overseen the most wasteful spending of borrowed US dollars in the history of the republic. In less than two years, they have out spent and blown out the deficits that Bush II had run up in eight years by a factor of three! Please do not remember that Obama rightly attacked the Bush years on this issue while he was a candidate because that would make him and Timmy look like they were lying when they claimed they would change business as usual regarding Washington’s wasteful spending.
We could continue for some time but we have not the time. We delved into the history of Tim’s lying because he is now aggressively pumping out his lies to over 300 million Americans and he needs to be called on it, as does his boss Barack Obama, the CEO of Democorp.
You see, Tim has officially welcomed us to the “Recovery” with an op-ed piece that was planted in the NYT. His timing is perfect since this is the “Summer of Recovery” after all.
Let us look at just a few items from last summer and compare them to this summer. We will just note the Net Change year over year to keep this simple.
1 Million LESS People Employed
3 Million MORE People have LEFT the Workforce (Govt. conveniently forgot about them)
Over 400k MORE “Discouraged Workers”
Over 2.7 Million MORE People have been unemployed for 6 Months or MORE
6.4 Million MORE PEOPLE ARE USING FOOD STAMPS
Personal Bankruptcies are UP OVER 10%
Foreclosures are UP nearly 10%
Now, given that, the “Stimulus” of nearly $1 Trillion was flushed into the system 1.5 years ago with much fanfare and more dishonest promises, does the data above leave you feeling like we are in a recovery, as Tim would have us believe? If it does, he would also like to make some Pixie Dust Mines available to you at great prices! These things are “can’t miss” but they are going quickly and investment gains on them aren’t taxable!  (Unless you get caught.)