Democratic Lawmaker Laments Geithner’s ‘Mistake’

First

Terry, Obama could probably be classified as Arab-Africa-American. His father was a black Arab and his father’s family came from a line of slave traders. Just google it and you will see.
On to Geitner. If he was competent,this mess wouldn’t have happened at all on his watch. After all, it was his job to oversee the financial institutions just to prevent this very thing from happening. To me, it is like asking the fox to guard the hen house.

Fran, you can’t be serious that Geitner
can fix the mess that took several years
to manifest miserably. This is Former
treasury Secretary Paulson’s baby, along
with the clowns at SEC (Who should all
be fired)! Why did AIG wait until it was
$85 Billion? Flags should have gone up
when they were 1/2 that amount. I’m
wondering if Congress and the Senate
have their pension secured with AIG. Hmmmmm

Good point spacerook1….I am with you about Reid, Dodd, Pelosi are probably heavily invested in AIG. since AIG made a lot of campaign contributions to the Democratic party, along with Bank of America… I am really wondering how many banks and other financial instutions are/where cooking their books…

Sandy,
Enlighten us all as to what ‘plan’ Bush had the past year when this economy was going into the toilet. The recession started in Dec 2007! Who cares about Wall St? They are part of the problem. Greedy.

Geithner is like all the rest of obama’s team, incompetent. The man has no clue, doesn’t even know how to pay taxes and he is going to lead us out of this,ha ha. Obama is trying to distract everyone by focusing on limbaugh,bush etc but the reality of it is that he is lost and has no clue.

It has felt from the second they were all in office they REALLY REALLY are in over their heads and people are loosing their life savings and capital as a result to the comments made from the administration.

C’mon! Obama has been in office for less than two months and his cabinet for an even shorter period! No, Obama can’t walk on water—–nor has he ever professed to. This is going to take some time and in the presidents own words, “it’s going to get worse before it gets better”. You’d think that the media was running out of stories to report on to have to commit to print something as insignificant as a house members lament——As if there isn’t already enough drama to keep this nation occupied!

Obama has a pattern of making open ended promises, nothing with true commitment behind it on anything he has done.
Geithner is another case where Obama and his staff missed glaring problems with their appointees showing that they don’t do their most basic homework as Obama touted during his campaign as one thing they do well.
America, we have been had…again!

Everyone is a crook. The government is crooked and corrupted, businesses and banks are a bunch of thieves and lowlifes, they are nothing but worms. We are just pawns of their games. They talk and we listen like dummies. Everyone, politicians, government officials, bank and corporate CEOs all will come out rich and wealthy, while we hang on to their empty words of hope. Face it people, we will be just as poorer if not more poorer when all this is over. They will go on with their lives living in luxury and more wealth than when they started this scam. Doesn’t make a difference whether Republican or Democrat or Independent, they are all the same, in it for themselves. We are truly the fools believing in them. Want proof, tell me of one President, cabinet member, or politician that has left office poorer than when they started, or a bank CEO or financial house CEO…the answer is NONE. Just pawns, thats all we are, pawns and fools to beleive in any of them.

I WOULDN’T TRUST GEITHNER AS THE BANKER IN A GAME OF MONOPOLY!!

To Sandy – Who cares about Wall Street? All of us responsible people who have been investing in our own retirement because we realize our Social Security money will be lost in the biggest Ponzi scheme in history.

Of course Geithner is the wrong man for the job. He was in bed with Paulson during the Bush administration and helped come up with the TARP which spent $700 billion accomplishing nothing. This guy is so brainless that he doesn’t even have the sense to pin the blame where it belongs, to the Democrat dinosaurs in Congress who insisted on the banks giving mortgages to people who couldn’t possibly pay, and guaranteeing it with taxpayer money.
Whatever you think of Obama, appointing this guy was dumb.

From the very beginnig I thought Geithner is the wrong guy for Sec. of Treasury, because he came from that same old boy’s Club – you might just pick anybody from that Club – I don’t see any brilliance emanating from him. The SNL depiction on Saturday was pretty close to my own assessment. These people got too used to doing things without accountability. For example,Geithner had no fore-thought of what to save or bail out first or how to hold the same players accountable b/4 handing out the money as if all they had to do was to beat the piniatas in the candy store. Even my grandson at 4 yrs. old would know what to do!

Cursing bush and republicans is not going to sell Obama’s ideas. Rather than worry about republican filibusters, the administration needs to worry about the blue dog democrats who are not about to tiptoe thru the tulips with the party leadership. You hardcore partisan democrats are making the same mistake the conservatives made in 94; imagining that a big chunk of the country has converted. Party control is determined by a relatively small group of true moderate swing voters who will flipflop over anything radical.

Terry, Give President Obama some space. The so called Bush whom you think was born in America only brought disasters to it.As a result, Americans have moved eight years backwards.The whole world is proud of Obama, except GOP. Read senator J Lieberman’s comments on the presso!

It’s too bad that all these comments are just opinions with no factual analysis.

These aren’t mistakes, beto, this is a willful continuation of Bush’s failure to admit to the Bezzle, and is in fact much worse than doing nothing. No one wants to fix the problem, so it will fix itself, the hard way. Whilst they cavort about with their “agendas”.

They (Democrats) gave Bush eight years of patience and they haven’t even given [Obama] eight weeks.”
This story is a bunch of crap!

The stock market never fell this much in eight weeks under Bush. That is why people gave him a chance.

Face it people we got into this mess because the other admin didn’t think it was wrong to spend millions in Iraq and not a cent for the American citizens now that mistake has come home to bite the wrong people in the butt. Nothing wrong with out sourcing jobs why pay 16 bucks a hour when you can get the same job done for pennies all in the name of greed the rich get richer and the poor get poorer. IN order for this to straighten out you got to get people working again. And if this means spending money we don’t have so be it at leasdt it is being spent in the USA!!!!

Geithner is the wrong guy. He should never had been confirmed. A tax cheat in charge of the IRS is an insult to tax paying Americans.

I lost so much money recently that I owe no taxes. Had I owed I intended to take the Geithner exemption and claim that I “forgot” to pay my taxes. This guy should have been bounced at the hearings. No confidence in him or BIG O

America is doomed as a nation if this total neglect of our economic condition is not dealt with immediately. I envision violence in the streets if this colossal failure of our government continues to disregard economic realities in favor of political ambitions. Hungry kids with irate angry parents will be the driving force in much of our future destruction, violence and anarchy. I am ready to defend America and the Constitution, but not this pile of both democrat and republican swill running America into the dirt. We are in for a terrible hard landing sooner than later. America no longer has a government as far as I am concerned and will support any tax rebellion, strike, or anti government actions that come up. We all need to step up for our children and grand kids. These people in Washington are evil.

Geitner is being judged prematurely but he does seem like the “not so right guy”. Maybe because he thinks too much out of a box and is wall street centric rather than America centric. I hope he has not sold us a load of goods and stuck the tax payers with the bill to bail out multiple mismanaged and possibly scandalous financial institutions.

Obama…Obama…Obama’s gonna save us!

We got a tax evader in charge of the treasury, It’s the old fox guarding the hen house story.

Don’t you people get it yet? Geithner is definitely the RIGHT guy to hand over our economic system to the international bankers and financiers. After the dollar tanks, the American sheeple will demand a new currency like the proposed Amero and – BINGO – we will all become members of The New World Order that Bush Sr, Clinton and Bush Jr envisioned. Just wait to see what happens next.

How would you feel if the pilot of your jet airliner was new, with minimum training and experience and he is going to fly you and your family across the country. You have to make several stops at airports with high winds, fog, freezing rain and icy runways. The pilot only gets one chance to “get it right” for each situation. Well, it;s the same thing in big government. You only get one chance to get it right. If you get it wrong, the taxpayers lose and the country loses. Geithner is so inexperienced, a tax cheat and another bad pick by Obama, he should scare every one of us that will have to pay for his mistakes. It’s not like he might make mistakes, he’s already making serious blunders up to this point. Obama should see this and remove this guy immediately, but he won’t because Obama’s pride and arrogance will get in the way of “doing the right thing”.

Judy says: “….our own President gave him a pass by rewarding this irresponsible behavior”.
Very true, Judy. And this disaster of a president is doing just that all the way across the board – rewarding bad behavior (people with faulty mortgages, failing car companies, tax cheaters, illegal immigrants, low-income non-taxpayers), and punishing those who are successful and responsible (corporations, small businesses, those who pay off their mortgage every month, working taxpayers).
It’s called SOCIALISM. A government-controlled, even distribution of wealth amongst all.
Surprised? You shouldn’t be. Who do you think the Manchurian candidate had as mentors his whole life? What do you think he studied in school? Where do you think he obtained his political experience? How do you think he moved up in the ranks?
This information wasn’t common knowledge during the election (THANKS, mainstream media), but it was out there, if anyone bothered to find it.
But 63 million people DIDN’T bother, or didn’t care, and now it doesn’t matter because it’s too late. We’re stuck with an arrogant, ego-centric man-child as president, who is only out to push his loony, Socialist agenda fantasy that he learned in school. And if he can party and live it up and “fist-bump” his way into self-aggrandizement for him, his King Kong wife and his boot-faced kids – - hey, what’s the harm? It’s just the taxpayer’s money.
THANKS MEDIA.
THANKS VOTERS.
You’re all about to reap what you’ve wrought. In a BIG way….

I think Tim Geithner is a talented and knowledgable individual who is trying the best he can given the circumstances. The problem is that he is 100% analyst and 0% visionary and has all of Hank Paulson’s bad PR attributes in that he knows what he is doing but cannot really communicate to the public, the markets, or to Congress what that is!
I think they need to become more focused on solving the crisis at hand rather than making any attempt to pursue their agenda on the environment, labor, or healthcare. They should focus on the financial sector and softening the blow of the recession in a prudent way. They are all over the map and it is causing sentiments ranging from mass-confusion to outright panic… Even if one is a Keynesian, you would not want to do that!
Obama should give Geithner more room to solve the financial crisis and ignore people like Axlerod and Rhambo who are attempting to maximize their political calculations.

Congress should have a 2 term limits. These thieves, liars and self center people are the root of our problems. Dodd, Pelosi, Kennedy, OConnell, Cantor, Mc Cain and so many others need to go. They are selling our country and bringing to it shambles. TERM LIMITS TO CONGRESS !!!

Look folks, lets start being honest here, If a CEO, CIO, Chairman of the Board or any other high paid position started screwing up right out of the box in the real world it wouldn’t take more than a few weeks before that idiot was gone from the work place. We keep making excuses for these idiots. And most important I don’t care if your a democrat or a republican or what ever. These people need to start realizing that this is not a training program. These people need to be judged on what they really do not on where they are a democrate or a republican. Peoples lives are in the balance and bad judgement is not an excuse.
I still believe that we need a amendment to the constitution that says if you screw up your gone, out, fired and all your benefits are gone to.
What I’m really saying is those idiots in government need to live up to the same set of standards that we in the real world have to live up to. And no excuses.

It doesn’t take a genius to give away trillions of dollars to Wall Street gurus and the “too-big-to-be-responsible” crowd.

Obama: Ich Bin Ein beginner.
The election of Barack Obama offered the promise of a new set of fixes for the financial crisis and the economy, a do-over that might help nurse the stock market back to health.
Since then, the market hasn’t just gotten worse — it’s turned in its WORST PERFORMANCE EVER FOR A NEW PRESIDENT.
The Dow Jones industrial average has FALLEN 21 PERCENT DURING OBAMA’S FIRST SEVEN WEEKS in office. Count back to Election Day and the results are even bleaker: That afternoon, the Dow closed at 9,625. Now it stands at 6,547, a loss of 32 percent.
Some investors blame the slow-motion crash on Wall Street’s disappointment with the government’s $787 billion stimulus plan, its seemingly ENDLESS BAILOUTS and the lack of specifics on how to rid banks of toxic assets.
Wall Street has not rolled out the welcome mat for Obama. Stockholders have lost $1.4 trillion during the young administration.
“THERE’S NOT MUCH EVIDENCE THAT ANYTHING IS WORKING,” said Hugh Johnson, chairman of Johnson Illington Advisors. “Investors are waiting to see some results from all these grand plans, and they don’t see them yet.”

Ron Paul
Jim Rogers
Peter Schiff
Gerald Celente
Vote in people that predicted all this mess, not those that had their finger up their nose.

“Just look at the example of the car
CEO’s who came the Washington, asking
for money. Idiotically using their corporate jets to get there”
The difference being, spacerook, that at least the car CEOs are using THEIR OWN MONEY (at least until recently). What do I care if CEOs fly in expensive jets, have fancy cars, go to lavish parties….IT’S THEIR MONEY. THEY EARNED IT. THEY PROVIDE THOUSANDS OF JOBS, HEALTH INSURANCE FOR WORKERS, GOODS AND SERVICES…. AND PAY TAXES. I think they’re entitled to a limousine and a glass of champagne.
I take issue with GOVERNMENT, because that’s OUR MONEY. OUR MONEY being WASTED on huge salaries and pensions for government workers who, truth be told, are not exactly PRODUCTIVE WORKERS. OUR MONEY being taken from us and re-distributed to people who do nothing, who create nothing, who ARE nothing. OUR MONEY being taken from us by TAX CHEATERS, LIARS and PHILANDERERS, who are only interested in securing their cozy lifestyles and posh retirements on OUR DIME. They DO nothing – - they create no wealth, create no goods, and STEAL from us.
Do you see the difference, spacerook?

I believe anything this administration comes up with. Dum de dum!

This is turning out to be a joke.

Terry, Fran & Peter – you have it all wrong! Obama’s father was an Arab-ESKIMO and his mother is half-white, half Puerto-Rican and 2/3rds Japanese. His maternal grandmother came from Singapore, though her father was RUSSIAN!!! That’s why Obama’s a Communist, see?
And his paternal great Uncle was a Born-again Muslim but was born Buddhist the first time. Since he was born twice, he didn’t have a birth certificate either!!! Now is it starting to make sense for you?
So Obama is half-black, half-white, 1/4 Mexican, 3/8ths Terrorist, 1/4 Stalinist, 7/16ths Portugese and 3/4 REPUBLICAN!!!
JUST GOOGLE IT!!!
Posted by: R Mutt | Mar 10, 2009 2:01:18 AM
—Thanks R Mutt, I needed that!

President Bush and the greedy, slimy Republicans are the ones who created this mess and just left town to dump it on the next administration. I don’t see any Republicans who are willing to give anything a chance….all they do is play slimball politics. It’s pretty funny that they stood back and allowed Rush Limbaugh to mouth off and now the Republicans are distancing themselves from that insane jerk.
————————————
Jenna, NYC ,
Yep…All bush’s fault…wow…cant you liberal puppets get creative and come up with at least one new talking point?
Jenna, please display evena moderate level of intelligence here. There is blame for the current mess on BOTH sides of the aisle!
The issues moving forward begin with needing a plan to stabilze the banks & financial system. Right now we have a president who seems to want to do EVERYTHING under the sun, except attack the single most important problem! He pushed through the nomination process “the only man” for the job, and now Geithner looks like that frightened 9yr old in his first little league game.
He is in over his head, and the markets know it. They are not looking for Moses to part the Red Sea, they are looking for an intelligent approach to the problem which Geithner has not provided!
Add to that the foolishness that Obama is doing in every other arena, and the markets are reflecting that the fact there is no plan in place to have faith in nor is there likely to be in the immediate future.
Only a fool keeps running aropund at this point like a little kid just trying to blame others. Barney Frank, chris Dodd, Nancy Pelosi, Harry Reid, Larry Summers, Bill Clinton & Jimmy carter also played their roles in getting us here. Even Geithner who orchestrated bailouts last fall has a part of the overall blame pie here.
It is time for the adminstration to stop worrying about health care & “global warming”. This issue need to be the top priority and focus of the domestic agenda.

“Ya`ll seem to think that the only thing the markets react to are Pres. Obama`s actions. For the most part they are reacting to all the bad numbers that are still rolling in day after day, the hundreds of billions in bad debt the banks are still uncovering, the global meltdown, the fact that many Americans have more debt than assets. Many of you don`t seem to have a clue how the markets work. Yes there`s a crisis of confidence but Obama is hardly the main cause of that. The extent of this crisis is still unfolding. It`s gonna take a long time to fix.”
Of couurse the markets react to more than just the President, but He is offering NOTHING to counter those other forces!
THAT IS THE POINT!
Market is up some today on news from citigroup. a few days back there was a big up day because there was news the chinese may be looking at some kind of economic stimulus package. Then when the next day came, and nothing else was mentioned, the rally died off.
Right now its more about the financial system and the banks. The market is up on news from Citigroup even though UTC annouced layoffs totally 11,000 !!!!1

If you read back through this thread you will see the majority of concern is about our failing economy and those in charge of dealing with the problem are not up to the task. I think it’s time for the American taxpayers to step up and join protest groups now forming all over the country. Enough words, we are just spinning in circles talking about the mess our own federal government has created. Protest marches, tax revolts, national one day strikes, are coming to the forefront. If we want the madness to stop, we need to clean up the mess in Washington. Congress is full of democrats and republicans that have divided our people into two hate groups and that needs to stop. Congress has clearly told the American taxpayers to go to hell with the 8000+ pork and earmarks attached to legislation that was supposed to help us out of the mess we are in. Any good a recovery package would have done was destroyed by our own senators and congressman. All these people need to go. Term limits must be imposed on congress and no more full pay for life retirement and full, free medical insurance for life for these bozo’s for serving only one 4 year term. These things should make your blood boil.

Obama is offering nothing that will turn this disaster around in a few weeks.
My point is he is offering nothing that will turn this around at all !
You can’t run around for the 1st 4 weeks of your Presidency telling the public “Pass my stimulus bill or we will turn a crisis into a catstrophe”, then after you get your bill expect the people tro just act like everything is ok and run out and spend.
He could have just left it as part of the inaguration speech and moved on to a more positive & hopeful message. He took the negative route and now he wants american’s to run out and spend that $13 to get the economy moving.
Then he he wants to forego his campaign promise on serious refrom of the earmark process and just let this go thru because “its last years business”.
Then onto heathcare, etc.
All the while, Geithner has floundered like a fish out of water. Obama needs to slow down and show the people and the markets that he understands what the priority is and that he is on top of his team in this area.
Remember that the markets are not just about buying & selling stock, they are also indicators of how good or bad companies are doing at actually making money. The greatest fear for us everyday people is that our job may not be here in 3 months or 6 months. I dont care if Obama gives us each 50K, I’m not spending it while im not sure if I have reasonable job security!

Look at all these people using the word “Arab” for “Muslim” as if they were interchangeable. Africans and Pakistanis and Indonesians aren’t “Arabs” just because they bow toward Mecca. I hope Obama improves the educational system FAST.

Feminist-3 says:
Check Shariah law. If your father is a Moslem, you are a Moslem forever. Both his real- and stepfather were Moslems. Not to mention that he went to a Moslem school. So it really does not matter if you go to church or not.
Radical Moslems allow beating your wife and if that does not make her behave, casually cut off her head (like the recent case, I think in Baltimore?) and of course, it is OK to murder the “unfaithful”.
Other than that it is a good religion.

We wouldn’t have any oil online for another ten years, even if we dug a hole in the Alaska Wildlife Refuge every five square feet. And my figures come from Oil & Gas Journal, Vol. 103, No. 47 (Dec. 19, 2005). From: U.S. Energy Information Administration. We’ve already reduced consumption enough to make the international oil price go down. By ten years from now, we may have enough alternative sources online that keeping a pristine wilderness viable for endangered species and endangered leisure might not seem the dumbest idea, even to John McCain.

WE NEED TO GET THE PEOPLE WORKING IF PEOPLE ARE NOT WORKING THEY DON’T SPEND AND THE RICH ARE RICH BECAUSE THEY DO NOT SPEND, THEIR COMPANIES PAY FOR THEIR CAR , HOME, ALL THE LITTLE EXTRAS WE CAN’T EVEN PHATHOM. the CHEVY DEALER HAS A LIST A MILE LONG FOR THE ELECTRIC WHEN IT EVER COMES OUT THE VOLT WHERE I LIVE MY NAME IS ON THE LIST ALONG WITH MY BROTHER AND HIS WIFE MY STATE IS INTO WIND FARMS THAT PUT PEOPLE WOT WORK. WITHOUT A JOB YOPU DIE NO MONMEY NO FOOD NO FOOD YOU DIE IT IS A SIMPLE FACT CAN’T LIVE ON NOTHING.

To: jh
RE: Oil
The link you quoted does not work, so I could not check it out. According to my sources with concentrated effort a couple of years are enough The actual construction part is a year or two – I guess the governmental approvals took many years in the past and that is where your 10 years come from. These can be accelerated easily by the government.
My point is that we can not wait 10 or more years for the green technology, becase we are near a depression. We must use our assets as many countries I quoted did. All that can be done with full respect to the environment. We must work parallel on the green stuff, as obviously that should be the ideal goal, but that is the one that will take 10 years or more. We don’t have that much time as we are near an economic collapse.
The current $45 a barrel price is mainly due to the world wide recession and that price will not last long; you will see $100 and more soon, depending on OPEC and other factors.

“By ten years from now, we may have enough alternative sources online that keeping a pristine wilderness viable for endangered species and endangered leisure might not seem the dumbest idea, even to John McCain.”
See, here is the foolishness of all this. You “claim” it will take 10 years to the oil, that report you cite may be the olny one stating that long.
Lets just assume for a moment that your right on that one part. Now, if you really truly believe that, your tsaying it will take 10 years to get oil out of the ground using proven technologies that are already developed. So, how can you possibly believe that in the same ten years we are going to go from ZERO alternative energy soluitions that are ready to be used across the country to a viable one that will have the infrastructure in place to make it work for everyone the way gasoline is right now?
Your entire premise for not starting to drill more here right now makes absoultely NO sense at all !

The list of positions at Treasury that require White House appointment and Senate confirmation. It’s quite a list:
Secretary
Deputy Secretary
Under Secretary — Domestic Finance
Under Secretary — International Affairs
Under Secretary — Terrorism and Financial Intelligence
Assistant Secretary — Economic Policy
Assistant Secretary — Financial Markets
Assistant Secretary (Deputy Under Secretary) — International Affairs
Assistant Secretary (Deputy Under Secretary) — Legislative Affairs
Assistant Secretary — Management and Chief Financial Officer
Assistant Secretary — Public Affairs/Director — Policy Planning
Assistant Secretary — Tax Policy
Chief Counsel — Internal Revenue Service/Assistant General Counsel for Tax
Commissioner — Internal Revenue (five-year terms of office)
General Counsel
Inspector General
Inspector General — Tax Administration
Treasurer — United States
The White House has responsibility for appointing these 18 positions. Those appointments get handled by the Senate Finance Committee, which after receiving the formal nominations, has to do background checks and other information gathering to prepare committee members for their hearings. It takes some time to get a nomination from the White House to a confirmation vote, BUT THE CLOCK DOESN’T START — IT CAN’T START — UNTIL OBAMA MAKES EACH APPOINTMENT.
How many of these positions has Obama filled with a formal appointment? According to the White House website, ONLY ONE:
Secretary – Tim Geithner
THAT’S IT. JUST THE ONE APPOINTMENT, for what Barack Obama says is his greatest priority and GIVES AS AN EXCUSE FOR HIS DIPLOMATIC INCOMPETENCE. And these are just the political appointments that require Senate confirmation. It will take weeks to fill these positions even after the appointments get made, but Obama hasn’t even gotten to Step 1.

Just more ‘Bumbling’ from the O’bumbling Admin………….
Just like; Dems like Taxes, except when ‘they’ have to pay them.

Hope and Change crumbles under Senate Smackdown!
In a hearing before the Senate Budget Committee Gregg dressed down Geithner with facts, figures, and charts. While always keeping his cool, the exchange was somewhere between a mother’s scolding, a drill sergeant’s questioning and an attorney’s cross examination.
In his opening statement, Gregg politely called the administration’s budget forecast a lie.
“The argument that it cuts the debt in half in four years is, ahh, is truly spurious,” he told Geithner.
“The argument that this budget doesn’t have tax increases [on everyone] is, I think, an ‘Alice in Wonderland’ view of the budget,” he said.
He challenged the budget’s math on cutting the debt: “When you take the deficit and quadruple it and then you cut it and half, that’s like taking four steps back and two steps forward. That’s not making any progress; you’re still going backwards.”