Monday, April 27, 2009

NYTimes shows Geithner for the globalist banker that he is

I thought I had run out of steam and couldn't get any more disgusted with Treasury Secretary Geithner.

I was wrong.

The NYTimes' (JO BECKER and GRETCHEN MORGENSON) tells the truth about the man President Obama went to bat for... even after we all knew Geithner lied about his taxes. In my opinion, this article let's the world see Geithner for what he is... a chum of the globalist bankers to whom he reports. The article is long, but it's an extremely worthwhile read. It shows quite clearly the relationships (Sandy Weill, Robert Rubin, etc.) that enabled him to climb to the pinnacle of power. And it paints a picture of someone who spent far too much time befriending the Masters of the Universe, instead of regulating them.

What really troubles me though...

Why do President Obama and Senator Dodd heart Geithner so much? I suspect it's because neither of them have the faintest idea about the meaning of monetary policy. And given the choice between tackling issues (healthcare, energy) that are near and dear to them or learning something about issues (fiat money, fractional reserve banking, The Fed) that few Presidents have ever understood... Obama and Dodd take the easy route.

They outsource monetary policy and stick to their bread'n'butter issues. But there's a problem with that.

Money is a far more important issue than either healthcare or energy.

Geithner and the whole Bush economic team that Obama rehired needs to go.

Tim White


Anonymous said...

Where's all the *change* Obama promised ? Take away his charismatic style, and he looks like Bush favoring Big Banks, Wall Street, etc.

Where's the Democrats' outrage at his favoring the rich and greedy over working people? Or does Obama get a pass because he makes liberals feel good?

Anonymous said...

954: yes, Obama gets a pass from the Democrats because his charismatic style makes them feel good.

Take away his style, and he's just another Chicago politician. His adoring groupies didn't want to hear about his associations with Tony Rezko, et al, so now we have a Big Business Republican in Dem clothing.

Tom Daschle advised Obama to run in '08 rather than wait til '12, because an earlier run ensured that "you can tell them what they want to hear," without much of a Senate record to measure him. Like Lincoln said, you can fool most of the people some of the time, and the Dems got fooled.

Anonymous said...

April 28, 2009 9:54 AM

Can't wait for the Rush/Gingrich ticket.

Anonymous said...

It's Limbaugh's and Gingrich's fault that Obama favors the rich! Right. Why not blame Bush too? Obama just couldn't say "no" to Bush's friends on Wall Street and the Big Banks.