Does GS Mean Goldman Sachs Or Geithner Summers?
Guest Post From Author Wil Martindale of Let Them Fail
These Scarlet letters are interchangeable my friends, and they are taking their toll. For Geithner and Summers to merely step down or be fired is not enough, but at least I’ll be able to remove these two offensive faces from letthemfail and replace them with the next, lesser pair of criminals to tar and feather.
U.S. House Rep. Peter DeFazio (D-OR), speaking on MSNBC’s The Ed Show, told host Ed Schultz that both Secretary of the Treasury Timothy Geithner and White House economic policy director Larry Summers should be replaced. DeFazio said: “We may have to sacrifice just two more jobs to get millions back” for Americans. President Barack Obama “is being failed by his economic team,” and therefore Obama should replace both Geithner and Summers.
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This is an act of kindness to Obama really, for his campaign rhetoric that he “looks to Paul Volcker” for financial guidance was a flat out LIE. Volcker was installed as a powerless shadow figure to perpetuate that deception and has been thoroughly ignored by Obama ever since. The day Obama appointed Geithner as Treasury Secretary, I knew we had been double-crossed. But we’ll get to Obama after he’s given enough rope to himself to fulfill his destiny.
Echoing Defazio’s call made on Wednesday night, two Republican members of the Joint Economic Committee on Thursday called for Geithner to resign.
“It’s been a year since the president was elected,” said Rep. Kevin Brady (R-Texas) at a hearing this morning featuring Geithner. “It’s appropriate for the American people to assess how well the administration’s economic policies are working. They are not. They have failed. Unemployment has skyrocketed far past the White House’s projections and promises. America continues to shed jobs: More than 2.8 million since the stimulus was enacted. We’ve had a series of embarrassing investigations about all the wild stimulus claims, the latest fake jobs from fake congressional districts. You are the point man on the economy,” Brady said to Geithner. “The buck, in effect, stops with you.”
Conservatives agree that as point person you’ve failed. Liberals are growing in that consensus as well. Poll after poll shows the public has lost confidence in this President’s ability to handle the economy. For the sake of our jobs, will you step down from your post?
Geithner sniveled: “I agree with almost nothing in what you said, and I think that almost nothing in what you said represents a fair and accurate perception of where this economy is today.” To which I would have responded, “Then are you telling us that recovery.gov is a fair and accurate perception of where this economy is today?
Later in the hearing, another Texas Republican also called for Geithner to go. “I don’t think that you should be fired,” Rep. Michael Burgess said. “I thought you never should have been hired.”
Ditto that Mr. Burgess, I two was outraged at his appointment. But the real INSULT is the behaviorial economic approach of the Summers, Geithner, Sunstein, Thaler, Shiller paradigm of Sheople management which had culminated in the disgraceful recovery.gov behavioral propaganda outrage.
Do you really think that you can funnel off our children’s economic futures to your Wall Street cronies, all the while feeding us this SHIT which you keep telling us tastes so exquisite, and think that we’re just going to eat it and all say “Yummy yum yum, more please?”
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Jan 13, 2010 at 12:01 AM
Reader Comments (3)
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