Tag Archives | Tim Geithner

Poll: Is Tim Geithner A Fatal Liability for Obama?

Timothy GeithnerThe past few weeks have not been good ones for Tim Geithner, Obama’s Treasury Secretary.  On Tuesday, Ron Suskind’s book, “Confidence Men: Wall Street, Washington and the Education of a President”, came out detailing behavior that could be most generously interpreted as gross insubordination, if not an outright unconstitutional usurpation of executive power by an political appointee.

Nor did Geithner do himself any favors by openly proclaiming before European finance ministers:  “He [Obama] ‘s not in charge; I am”.

Has this rendered Geithner a political “toxic asset”?  Should he be given his walking papers immediately?  Should Geithner be let free when soldiers refusing to serve 2nd, 3rd or even 4th tours of duty in Afghanistan are jailed for years?  In deciding a response, which is most important to you:  enforcement of the United States constitution, Obama’s personal reputation, the Democratic Party’s electoral viability for 2012 or polemical use of the issue to further Republican partisan aims?  Is there any justifiable defense for a man who has sacrificed the American economy in order to protect his personal friends on Wall Street?… Read the rest

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Hard Times

Aren’t job losses and foreclosures as important as a “Ground Zero Mosque” (that isn’t a mosque, hasn’t been built or even at ground zero)?

We know we live in hard times that are on the verge of getting harder with 500,000 new claims for unemployment last week, a recent record.

The stock market may be over for now as fear and panic drives small investors out. Big corporations hoard stashes of cash rather then hire workers. The D-Word (depression) is back in play.

Foreclosures are up, and the Administration’s programs to stop them are down, well below their stated goals, only helping 1/6th of those promised assistance.

And here’s a statistic for you: 300,000. That’s the number of foreclosure filings every month for the past 17 months. This year, 1.9 million homes will be lost, down from 2 million last year. Is that progress? In July alone, 92, 858 homes were repossessed.… Read the rest

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