Tim Geithner is Having a Crappy Day and No One Likes Him (Maybe Because He Robbed Us?)

Thursday, November 19, 2009 , , , , , , 3 Comments




Timmy boy is known for having a potty mouth (a potty mouth? Timmy? Give me a motherfucking break, the guy can't even sit at his desk without a booster seat or so I hear from reliable sources) and a temper problem, as well as a problem with paying his taxes but we'll let that one go. What he is not known for, however, is being popular.

And now he's going to be known as the idiot who paid AIG counterparties 100 cents on the dollar for their positions and then blamed Bush for the crappy circumstances.

Bloomberg:

Republicans “gave this president an economy falling off the cliff,” Geithner told Representative Kevin Brady of Texas as the two men interrupted each other during a hearing today. “I can’t take responsibility for the legacy of crises you bequeathed the country.”

Gearing up for next year’s elections, Republicans are training their sights on Geithner, an architect of the Wall Street bailout as Treasury secretary and in his previous job as president of the Federal Reserve Bank of New York. A report issued earlier this week critical of Geithner’s handling of the rescue of insurer American International Group Inc. has also prompted calls for him to quit.

Today, the Treasury chief fired back, saying that by “any measure” of consumer or investor confidence, the economy is “substantially stronger today than when the president took office” in January.

The “worst financial crisis in generations” happened after “almost a decade, certainly eight years, of basic neglect of basic public goods, in health care, in education, in public infrastructure, in how we use energy,” Geithner said.

Wait for it, there's an even funnier part.

Brady told Geithner that a growing number of liberal Democrats as well as conservative Republicans think that he is handling the economy poorly.

“For the sake of our jobs, will you step down from your post?” Brady asked. “The public has lost all confidence in your ability to the do the job, and it is reflecting on your president.”

Another Republican on the panel, Representative Michael Burgess of Texas, told Geithner that he disagreed with Brady.

“I don’t think you should be fired,” Burgess told Geithner. “I thought you should have never been hired.”


Democrats defended Geithner (as they are expected to do, I imagine), using the old "Bush did it" excuse too, implying that Timmy boy did the best he could considering the circumstances. The ones Bush created, somehow, though let's face it, this isn't a Democrat or Republican problem, it's really Greenspan's fault anyway. Why didn't he blame that homicidal piece of beef jerky AG instead?

I really don't want Geithner to step down. Who else is THIS useful for material? The guy can't get anything right, he's fringe financial blogging gold. Keep it up, Timmy, please. Woooooo!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

3 comments:

W.C. Varones said...

The “worst financial crisis in generations” happened after “almost a decade, certainly eight years, of basic neglect of basic public goods, in health care, in education, in public infrastructure, in how we use energy,” Geithner said.

Yeah, the financial crisis had nothing to do with the leverage and lending practices of the banks, over which Geithner, as head of the New York Fed, was a chief supervisor!

OldSouth said...

It was entertaining to watch Brady get a rise from Timmy, and not allow him to rattle on in obtuse 'wonk-speak'.

Geithner is an expert at making noises created from verbiage, but not really saying anything. The technique of 'It's good to see that we agree, blah blah blah...' has the effect of running out the members' clocks, and avoiding any really probing questions.

I'm disappointed that the members, apart from Brady, let him get away with it. Civility is all well and good, but His Secretariness spent the day displaying his contempt of the committee members, especially any who dared disagree with him.

Time to be a wee bit more pointed with him, and not let him get away with it...

I am still convinced that he's a third rate evil goon - he's not as stupid as he appears of course but he's no Brzezinski, he's like the son of the evil operative and they probably really didn't want him in the first place. Nerd.

He of all people knew what the NY Fed would get away with. This AIG payoff "news"? Please. The minute they said his name I knew we were in for it. And it's typical Geithner to blame his way through his moment of penance. He knew he'd have to pay eventually, he doesn't care and he's not going to apologize. Blame, blame, blame.

OS,

I haven't seen the video. I'm going to have to watch it. He grosses me out but it's funny to watch him get all pissed off and defensive.