EU President Calls Obamanomics "Way to Hell"

The whole world will love us after Obama becomes president? HA! The world is laughing at the fool Barack Obama and his idiot Treasury Secretary, too. PARIS — The European Union’s crisis of leadership during the economic downturn was thrown into sharp relief on Wednesday, as the current president of the 27-nation bloc labeled President Obama’s emergency stimulus package “a way to hell” that will “undermine the stability of the global financial market.” Full Story at New York Times... RELATED: Tim Geithner, "Gigantic Fool" Chicago News Bench RSS Feed Cool Stuff...

Tim Geithner, "Gigantic Fool"

One of the things Liberals and Democrats loved to repeat ad nauseum for eight years was the myth that the whole world hated the United States because George W. Bush was president. I'm not going to get into a discussion about how stupid that was, as simply demonstrated by the alliances that continued to flourish, the trade that continued to transact, and the millions of new immigrants (legal and illegal) that continued to pour into The Great Satan during Bush's tenure. But how is the Left treating the fact that much of the world thinks Obama's Treasury Secretary, tax cheat Tim Geithner, is a fool? Golly, not a word. We're not hearing them say, "Oh, the world thinks we're stupid because of Tim Geithner." Instead, we hear folks such as Paul Keating, Australia’s 24th Prime Minister (1991 to 1996) refer to Geithner as "a gigantic fool." Keating accuses Geithner of tarnishing the reputation of the International Monetary Fund (IMF), of screwing up Asian economies and even a leader to lose power. "Gigantic fool" might be putting mildly. Tim Geithner is a dangerous idiot. The full article about Keating's remarks about Tim Geithner can be found at The Syndey Morning Herald's website. Chicago News Bench RSS Feed Cool Stuff...

Krauthammer Nails Geithner, Dodd, Obama on AIG

Charles Krauthammer wrote a must-read column for tomorrow's Washington Post (dated March 20, 2009). Krauthammer hit the nail on the head (get it?) when he mocks Obama's Regime of Stupidity. What makes it all the more powerful is that the column is so damned accurate. He starts of with this: A $14 trillion economy hangs by a thread composed of (a) a comically cynical, pitchfork-wielding Congress, (b) a hopelessly understaffed, stumbling Obama administration, and (c) $165 million. In case you've been hiding under your bed for the past week, that $165 million is a reference to the controversial bonus money paid out to AIG executives. Krauthammer continues: AIG debt manipulators who may be the only ones who know how to defuse the bomb they themselves built. Now, in the scheme of things, $165 million is a rounding error. It amounts to less than 1/18,500 of the $3.1 trillion federal budget. It's less than one-tenth of 1 percent of the bailout money given to AIG alone. If Bill Gates were to pay these AIG bonuses every year for the next 100 years, he'd still be left with more than half his personal fortune. To watch Barney Frank chair his kangaroo court of a committee as it grilled AIG's CEO Edward Liddy is to watch an overproduced, melodramatic slight of hand by the worst bunch of magicians to ever attempt to pull rabbits out of hats in the history of Washington, DC. Liddy, by the way, inherited the lousy contracts that allowed the huge bonuses. Liddy himself got no bonus, and in fact he only get $1.00 (that's one dollar) per year for his task of cleaning up the AIG house. Liddy testified yesterday to Frank's kangaroo court that he is not financially vested in AIG in any way. The Obama Regime approved the bonuses for AIG. In fact, Treasury demanded that they be allowed, for fear that not allowing them would ignite a firestorm of lawsuits. Senator Chris Dodd (D-Conn) initially denied having anything to do with the allowance of the bonuses to stay in even as the government was about to give AIG about $180 Billion in bailout money. Dodd also denied that Treasury officials asked him to change the bailout legislation. CNN, however, reports that "Treasury Secretary Timothy Geithner confirmed Thursday that the department did talk to Sen. Chris Dodd about a clause he put forth in the stimulus legislation that would have strictly limited executive bonuses." Ah ha. So Dodd lied. Treasury, which is overseen by Obama appointee Geithner, urged that the AIG bonuses be allowed. So, does that mean Obama himself knew about the preservation of the bonuses? If not, does that mean that Obama doesn't know what's going on? Perhaps both. Back to Krauthammer, who takes that into consideration and notes that Obama "too, has been out there trying to lead the mob" in calling for an investigation into the AIG bonuses and for the return of the bonus money. It's slight of hand, as I said. Obama & Company don't want you to know that the AIG bonuses were approved by Geithner, a top administration official. So by pretending to be outraged, Obama is hoping you'll be distracted from the fact that, well, he's really not outraged and undoubtedly knew that Geithner had urged the bonuses to be allowed. "But it's a losing game," writes Krauthammer, "His own congressional Democrats will out-demagogue him and heap the blame on the hapless Timothy Geithner." Thank God for hapless flunkies like Tim Geithner. They're handy to have on hand when one needs a scapegoat. Right now, Dodd is running for re-election in 2010. The news of his lies and deception about his role in the AIG bonus mess has not helped his polling. His Republican challenger is former U.S. Rep. Rob Simmons. According to The Hartford Courant's Stan Simpson, Simmons is now ahead in early polling agains Dodd. Simpson notes this about Dodd in his March 19 column: This latest story of [Dodd's] flip-flopping about his role in approving language to allow these shameless AIG bonuses may be the last straw for CT's senior senator. His election is in 2010. His credibility, when you factor in his deception and delay in forwarding info about his financial dealings with Countrywide, is near shot. If only there could be another presidential election next year. Chicago News Bench RSS Feed Cool Stuff...

Updated: Tim Geithner Causes Stock Dump

Even as the Stimulus Package passed today, Golden Boy Tim Geithner, our nation's new Treasury Secretary and Tax Cheat, is acquiring a new tarnish. For starters, his idiot policies caused the stock market to take a dump today. UPDATE: We originally posted this at 3:27 pm, EST. Michelle Malkin got this up a couple of hours later: Tax cheat wonder boy Geithner is a laughingstock. Barack Obama, then, is also a laughing stock. Obama picked Geithner. Obama lauded him as brilliant. We now see that the unethical Geithner, while not a stupid man, is not the saviour that Our Lord Barack promised us he is. Or was, or would be. Or could be. Breitbart weighed in, too: N.Y. stocks tumble on skepticism over economic plans+ Seems Geithner, who was hyped by Democrats prior to his confirmation as the Only Man Who Can Save Us, is not the man who can save us. To wit, this breaking news: Stocks tumbled 3 percent on Tuesday as bank shares slid on concerns that a plan to shore up the financial sector unveiled by Treasury Secretary Timothy Geithner may not be enough to loosen up credit and contain the deepening recession. Indexes slumped immediately following Geithner's announcement of a plan to mop up $500 billion in spoiled assets from the beleaguered banking system. (Washington Post...) What? Geithner's genius master plan, whatever the hell that is, isn't working?!? That's right, it AIN'T WORKING! The newly named Financial Stability Plan expands some of the lending and equity capital investing mandates under the Troubled Asset Relief Program (TARP), adds the creation of a "public-private partnership" to buy troubled assets from banks, and will put the 15 largest U.S. banks through a rigorous regulatory stress test before allowing them to tap additional federal bailout money. The market reaction? Investors dumped bank stocks. (Forbes...) Genius, pure frikking genius. Si, se pueda! CNB RSS Feed

Must Read - Obama's Den of Tax Cheats

Hot stuff by Eric Kohn today at Illinois Review: The pathetic episodes of Tim Geithner, Tom Daschle, Rep. Charles Rangel, Nancy Killefer and their respective tax cheating should have everyone furious. What's remarkable here is not only that all of these instances have occurred recently and are - with the exception of Rangel - all by supposedly vetted nominations made by President Obama, but that the roles each does or would have played in the government represent a full circle on the ethos of taxation, tax policy and use of tax dollars. Full Plate of Scandals... Is a bunch of entrenched tax cheats surrounding Barack Obama part of the "change" we were promised? Or is it just a little something extra tossed our way? Remember when Joe Biden reminded us all that paying taxes is patriotic? Uh huh. CNB RSS Feed