“At first I was disappointed when I learned that Geithner was a lying scumbag hyprocrite and a crook, but then I talked myself into believing that everything happens for a reason in the “Big O”‘s administration, and since the “Big O” is perfect in every way, the appointment HAD to be a stroke of genius.”
Wrong.
Picking a tax cheat isn’t genius, just as picking a crooked Commerce Secretary (Richardson) who was knee-deep in a lobbyist investigation wasn’t a stroke of genius. It’s just sloppy and shows that the “Big O” has more interest in paying back the friends who paved his way into office and much less interest in properly vetting these criminals.
Do you seriously think that Obama intended to appoint a man who committed fraud solely for the purpose of “riding” out the crisis until he could bring on a more “palatable” (what does that mean, someone who hasn’t cheated on their taxes??) Treasury Secretary? In what warped universe does this sound like a stroke of genius? How does this in any way instill much-needed confidence in a crisis? if this is a sample of the sort of twisted reasoning that we can expect from the “Big O”, then we are in much worse shape than even I thought.
Look, I hate to break it to you, but the “Big O” doesn’t have a plan. He’s not one step ahead of anyone. He’s the equivalent of a silly kid sitting at a big desk while the teacher looks over his shoulder. The “Big O” won’t be making any decisions. The people who REALLY elected him (you know, the recycled Beltway drones he appointed and the deep pockets that came up with the $200,000 checks — not the $25 contributions you made) are going to be making all of the decisions.
And for the record, the “Big O” and Geithner are both just figureheads. Every move they make in this crisis will be orchestrated by the Fed, the IMF and the heads of the remaining global banks.
“Here’s what I think the Big O did: He of course recognizes that we are in an economic crisis. And, he recognizes that there is value in continuity during an economic crisis. He didn’t want to panic the stock market, so he picks Geithner. Geithner is flawed, but he’s not going to spook the stock market.”
Not going to spook the market? Even that shameless hack Cramer realizes Geithner is a bad pick:
“Cramer’s been anti-Geithner since learning the New York Federal Reserve president played a key part, along with former Treasury Secretary Henry Paulson, in the collapse of Lehman Brothers. The market’s been struggling to regain its footing ever since.”
“He is the copilot who crashed the plane,” Cramer said of Geithner’s work with Paulson.
Yep, that’s definitely the kind of guy you want around to soothe the market. Obama is not a smart pickle, but he is certainly IN a pickle.
It will be interesting to see what happens when you and the other 60 million folks who swept him into office finally realize that he is going to repay you with a nice, long screw, which I estimate will be coming this summer or fall, at the latest. I sincerely hope that at least a portion of the next round of bailout money includes psychological counseling for former Obama supporters.
