Geithner is a fraud. It’s amazing how many think Geithner just came on the scene when Obama named him as a pick around November. He and Paulson were attached at the hip probably as long as Paulson had the job. If Obama inherited this financial mess, Geithner had a hand in creating it or at least sat back and watched it happening. If he had no clue as to how to stop or control it back then, he sure hasn’t grown any more brain cells since then. Everything he says now is “just words, just speeches.”

The other troubling thing about Geithner yesterday was when he started talking about the “Moral Imperative” to enact the legislation the President proposes. The driver behind all this isn’t the soundness of the economic policy–i.e. its effectiveness in moving our economy out of recession. That consideration is secondary to a moral imparative.

What’s the flip side? That anyone who disagrees with the President an his Treasury Secretary is not simply at odds on economic policy but rather morally bankrupt?

The Senate GOP agreed with Obama that Geithner was the only person suitable for the job.

While Mr. Geithner was spewing his nonsense on the Hill yesterday, where were the GOP Congressmen taking him to task for his egregious misrepresentation of the previous administrations record. It’s beyond incomprehensiamble how the Obama administration turns a deft ear to the lack of creidbility assoicated w/Mr. Geithner. He acts like he’s oblivious to his tax cheating habits as he lectures Americans on why they need to embrace President Obama’s tax plan. Spare me; give us a Secretary of Treasury who earns our respect, then we’ll listen to his rantings.

It makes me go insane when I hear “eight years of George Bush”, and I am going to camp out at GOP headquarters until they start correcting the “eight years” pile of garbage.

Any inheritance Obama currently enjoys is as much Democrats fault as anyones. And he sure as hell doesn’t say anything about the fairly stable situation in Iraq that he inherited.

Barack Obama couldn’t care less if his own people have paid their taxes.
Barack Obama is TRYING to run this economy into the ground.
That is his goal.
We cannot overlook the opportunity of a crisis now can we…?

Was it worse than 1933 and FDR because BO seems to want to forget the 80′s, and we all know why, as POTUSoA there is now alot more intrest in his past and you know that those books are coming, mostly likly for overseas, assumming he hasn’t taken over the publishing houses by then. If there is one thing I know it is that with the more power the far left gains it eventually turns on itself all those ego just get in the way. Take a look
http://www.redstate.com/kjl291/2009/03/03/detroit-city-council-allows-audience-to-tell-white-citizens-to-%e2%80%9cgo-home%e2%80%9d-and-leave-council-meeting/

Just like with private money as the price of stock/control drops it becomes cheaper for the government to buy. Then you have his advice to buy stock now, maybe someone pionted out that most peoples pensions(union) are relient on the stock market or maybe he wants people to loose even more wealth so there become more dependent.

Mr. Obama, Mr. Geithner and Democrats wholly own the response to our economic situation. They don’t want to talk about the 1980’s because Reagan inherited a much worse situation to which he responded extraordinarily differently. History has shown that approach not only worked, but spurred substantial, perdurable growth in key sectors of the American economy. Mr. Reagan also inspired confidence and did not preach crisis every day as a distraction for pursuing a destructive, radical political agenda. I am therefore reminded of his first inaugural speech;

“Idle industries have cast workers into unemployment, human misery, and personal indignity. Those who do work are denied a fair return for their labor by a tax system which penalizes successful achievement and keeps us from maintaining full productivity.

But great as our tax burden is, it has not kept pace with public spending. For decades we have piled deficit upon deficit, mortgaging our future and our children’s future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we’re not bound by that same limitation? We must act today in order to preserve tomorrow. And let there be no misunderstanding: We are going to begin to act, beginning today.”

http://www.reaganlibrary.com/reagan/speeches/first.asphttp://www.reaganlibrary.com/reagan/speeches/first.asp

We are in, and will remain in challenging times because the path chosen by our current government is undemocratic and therefore unfamiliar to the American people. However, our Republic will eventually recover simply because her people are ingenious, inventive, durable pillars of democracy.

The soft tyranny of this contemporary governance will eventually abate. In the wake, its destructive and mendacious origins will be uncovered for the egregiously unsustainable, anti democratic philosophy they represent. We will recover because of our enduring will to persevere and to not be enslaved by the entrapments of government and its acolytes whom only see good in their own empowerment. Liberty shall be restored by the very hands of those whom empowered this government in the first place- ours. We shall survive, succeed and endure to a point where these acts will only be a faint memory and cautionary tale for future generations about the fragileness of liberty and the tyrannical enslavement of modern liberal philosophy. This will be our legacy- that we fought and won.

“Secretary Geithner also tried to justify Obama’s borrow and tax spending orgy by falsely asserting President Bush “was unwilling to make long-term investments in health care, energy and education”

What does health care, energy, and education have to do with the trillions they just spent? NOTHING! This is a bate and switch and Americans don’t fall for this anymore. They spent the money, not Bush or Republicans. They have made their bed and now they will have to lie in it. They will pay at the ballot box and I think they know it.

http://franklinslocke.blogspot.com/
to

As an economist, I need to point out that Geithner is technically correct in his statement. When he refers to “the worst fiscal situation in American history,” the term “fiscal” deals with the budget deficit situation, not with the overall strength of the economy. So while Dan’s analysis is correct in that this is not the worst economic situation in American history, the $1.3 trillion deficit coming into this year is a record and is thus the worst that an incoming president has inherited.