Archive » Tim Geithner

**Written by Doug Powers Late in 2009, President Obama graded himself “solid B-plus,” and it turns out that Treasury Secretary Tim Geithner isn’t going anywhere until he’s helped get America a credit rating to match. San Francisco Chronicle: Treasury Secretary Timothy Geithner has told President Obama he plans to remain in his job through the [...]

**Written by Doug Powers Turbo Tax Tim is reportedly thinking about abandoning ship: Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter. Geithner hasn’t [...]

**Written by Doug Powers If President Obama is serious about tax increases (sorry, I meant to say “spending reductions in the tax code”) and increasing overall tax revenue, he should start by first calling a cabinet meeting and ordering everybody in the room to pony up what they owe. From the New York Post by [...]

A little off the mark

**Written by Doug Powers On many an occasion I’ve surmised that there simply must be a comedian behind some of the financial decisions the Obama administration has made, but I honestly didn’t believe that to be the case literally — until now: In the midst of debates on financial regulation and China’s currency in April, [...]

**Written by Doug Powers There’s a reason this was the best selling software in Washington DC last year: In case you’ve ever wondered why so many on Capitol Hill don’t care about easing the tax burden, it’s because they just don’t pay them: Capitol Hill employees owed $9.3 million in overdue taxes at the end [...]

As they say in the military: BOHICA. On ABC’s This Week today, tax cheat Treasury Secretary Tim Geithner championed the expiration of the Bush tax cuts and pooh-poohed the economic impact of tax hikes on the highest earners in the country. It’s “responsible” to punish the wealthy, he argued. Because after spending America into oblivion, [...]

DUI: Driving under the influence…of Big Labor-pandering, left-wing radicals My column today dives into the TARP special inspector general’s audit of the “Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks.” You can find it at the TARP OIG’s website here. I encourage you all to read through the entire [...]

Chicago on the Potomac.

Scroll for updates… My syndicated column today shines light on all the Goldman Sachs company men in the Obama administration’s midst. The GOP wants SEC correspondence disclosed. Here’s that story. In related news, Goldman Sachs cheerleader and beneficiary Rahm Emanuel met with NYC business elite about the financial reform plan. Listen up: Another attendee, who [...]

In January, I deconstructed the White House “Financial Crisis Responsibility Fee” fakery for you: 1. The bank tax will inevitably be passed on to consumers and the White House has no way of stopping them from doing the dumping. 2. The tax won’t apply to non-banks, black holes Fannie Mae and Freddie Mac, or the [...]

Eeenteresting. About a week ago, the SEC agree to cover-up bailout documents for AIG until 2018. The documents relate to the backroom bank bailout payments at top dollar to AIG counterparties — which know-nothing Tim Geithner was grilled about today on the Hill. The leak comes as Fed Chairman Ben Bernanke heads to the Hill [...]

“You gave lame excuses then, you are giving lame excuses now.”

As part of the pre-State of the Union publicity blitz, the Obama White House had its cabinet members sit down for quickie videos to tell you how they all “got to work” and “took bold steps to rescue the country from a potential second Great Depression; to rebuild the economy for the long-term — so [...]

Photoshop/CoC card set credit: Tennyson Hayes It’s not quite the Mother of All Distractions, but it’s up there. Maybe the First Cousin of All Distractions. The White House unveiled its ballyhooed $90 billion plan to punish banks with a “Financial Crisis Responsibility Fee” this afternoon. It’s faker than the fake garden vegetables the First Lady [...]

Photoshop/CoC card set credit: Tennyson Hayes Late last week, Bloomberg News reported that the New York Federal Reserve Bank — then under the leadership (or rather, lack of leadership) of Tim Geithner — presided over a systemic effort in the fall of 2008 to suppress public disclosure of ailing insurer AIG’s backdoor bailout payments to [...]

Meow.

Turning the tables on Tax Cheat Timmy? Just desserts from the GOP: Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid by Treasury Secretary Timothy Geithner for [...]

Oh, crikey. I’m cramping up. From. Laughing so hard. Ouch. Ow. Stop the pain! The administration’s new two-pronged initiative, operating under a law passed by Congress last year, will consist of a bond purchase program to support new lending by these agencies, and a temporary credit and liquidity program to boost agency access to credit [...]

Same old, same old.

“Reckless.”

The Democrats bloodied Republicans with the “culture of corruption” cudgel. Republicans are finally performing some political jujitsu. Keep repeating it and don’t give them a pass: Action Demanded on Rangel/Geithner Tax Violations (WASHINGTON, DC) — While Democrats continue their plan for a federal takeover of the nation’s healthcare industry, new revelations show they are incapable [...]

Good for the TARP watchdog. Team Obama tried to tighten his leash. He bit back. Turbo Tax Tim Geithner tucked tail. More, please: The Treasury Department backed away from a standoff over the independence of the special government watchdog appointed to scrutinize how last year’s $700 billion financial-industry bailout is being spent. Neil Barofsky, special [...]

That’s #$%^&*!! Turbo Tax Tim Geithner to you! I can’t help but think there were a few stifled giggles as the feckless Wonder Boy vented. Via the WSJ, here’s the scoop on how financial watchdogs are pushing back against Team Obama’s plans to consolidate their offices and give the Fed more power: Treasury Secretary Timothy [...]

The nutroots were quite upset with George Stephanopoulos for inviting me on his This Week roundtable. They piled on him on Twitter. And even Paul Krugman tried to stir up lefty ire. God forbid a non-establishment, non-Beltway-certified “acceptable” conservative have a voice in a mainstream forum! Unlike Matt Lauer, Stephanopoulos wasn’t compelled to play “beat [...]

How do you say “Snort-worthy” in Mandarin?

A telling exchange this afternoon between staunch fiscal conservative Sen. Jim DeMint and Treasury Secretary Tim Geithner, via WaPo: Geithner was hammered by a Republican senator decrying Treasury’s growing power over the American economy. “This is not mission-creep,” said Sen. Jim DeMint (R-S.C.). “This is a stampede of any traditional understanding of constitutional boundaries.” DeMint [...]

Government Sachs.

Treasury Department tax cheat Tim Geithner already announced this knee-slapper initiative in March. The White House follows up today with the details of the crackdown on corporate tax cheats: President Obama on Monday spelled out his plans to close corporate tax loopholes on U.S. multinational corporations and crack down on overseas tax havens. The goal [...]

Gulp.