Posted on 01/23/2014 4:21:21 AM PST by Kaslin
You can add Timothy Geithner to the list of people who have abused Americans in the vain pursuit to keep Obama’s reputation well coiffed.
He joins a distinguished group of Obama scofflaws including the IRS, NSA, Eric Holderbeast, the Department of Energy, Lois Lerner, the Department of Justice, the National Park Service, Hillary Clinton, Debo Adegbile, Nancy Pelosi, Harry Reid, Sneezy, Doc and Hopey
Congress are you listening? Do you care?
Court filings in an ongoing lawsuit between the U.S. Department of Intimidation, er, Justice and McGraw Hill- the company that owns rating agency Standard and Poor’s (S&P)- say that Geithner, as Secretary of the Treasury, threatened the company with retaliation after the rating agency downgraded U.S. debt in the summer of 2011.
You remember that summer.
It was the second… or third?—I can’t remember—Summer of Recovery when Obama and company refused to negotiate on the debt.
They eventually cut a deal that looked more like a game of chicken.
That’s the deal that got us the automatic sequester going into effect if neither side could agree to another deal by 2012.
It’s the “deal” that the newest budget “deal” just undid.
About the only thing voters were agreed on was cutting government, which is what sequester did, and Republicans and Democrats alike finally –sigh-- did away with that at the first of this year.
Thank goodness it’s an election year.
“Former U.S. Treasury Secretary Timothy Geithner angrily warned the chairman of Standard & Poor's parent that the rating agency would be held accountable for its 2011 decision to strip the United States of its coveted ‘triple-A’ rating, a new court filing shows,” reports Reuters on the documents filed by McGraw Hill.
As I remember it, right after the deal was announced Obama promptly went on one of his celebrated Vacations of the Gods on Martha Vineyard or some other island place where liberals like to go to drink wine and whine about the terrible burden of knowing what’s soooo good for the rest of us.
I wrote at the time:
After two of the worst weeks of stock market performance in the century, including a downgrade of America’s sterling credit, Obama is off to Martha’s Vineyard for nine days with the family, playing golf and doing whatever else you do on the seashore.
It seemed to me that the downgrade was precipitated by Standard and Poor’s non-confidence in the government more than any other thing-- of which Obama’s out of touch Vacations of the Gods are just another symptom.
The newest budget “deal” that increases spending and replaces the old deal that imposed a modicum of discipline on the government is also another symptom.
Geithner, who had a problem with his own math when he did his tax returns, says that S&P made a $2 trillion dollar error in math—which for liberals is just rounding error in their math anyway—while computing the necessity of downgrading the U.S. sovereign debt.
But at the time, S&P didn’t indicate they had a problem with the math per se, so much as they did with the politics of the debt-- of which Obama’s out of touch vacations are just another symptom, as I said before.
"We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process," the ratings firm said at the time according to USAToday.
Gee…They nailed that one didn’t they?
Even Obama donors were critical of Obama's timing.
“I think he can shorten his vacation and focus on this issue,” Peter Buttenwieser, a major Democratic donor who counts himself as an admirer of Obama told the LA Times. “If there were a real jobs summit and a jobs push I would feel much better. We’re not paying enough attention to jobs.”
In return for the downgrade, the Department of Intimidation, er, Justice hit S&P with a $5 billion lawsuit, saying “The fraud underpinning the [financial] crisis [in 2008] took many different forms, and for that reason, so must our response,” said Stuart F. Delery, Principal Deputy Assistant Attorney General for the Department’s Civil Division, a guy who works for Eric Holderbeast. “As today’s filing demonstrates, the Department of Justice is committed to using every available legal tool to bring to justice those responsible for the financial crisis.”
Almost daily I run out of excuses for my liberals friends who don’t understand what government threats, intimidation and coercion are doing to our country.
So let me allow Abraham Lincoln explain it from his State of the Union address of December 3rd, 1861:
“I have been anxious and careful that the inevitable conflict for this purpose shall not degenerate into a violent and remorseless revolutionary struggle…. The struggle of today is not altogether for today; it is for a vast future also.”
Those who use revolutionary means should never be surprised when, in the course political events, those means are turned back on them.
And that time is coming. Soon.
Gee, Mr. Writer, expect a visit from the FBI or some other TLA soon.
This is another iteration of the Chicago thug shake-down that puts money in the Democrat Mafia’s hands. Obama and Holder learned it from Jesse Jackson, but now it’s not Coca-Cola being forced to pay off Jesse, but banks and corporations that have to pay off the Democrats. Where does the money go? Certainly not to pay a tiny part of the massive national debt Obama has subjected future generations of Americans to paying foreign governments.
Anyone who votes for this bunch of bandits should lose their voting rights as being unfit to participate.
Boobamba cringes when he hears "your rod and your staff, they comfort me."
Because in Chicagoland a "rod" is a gun.
Plus he fears his incompetent Obamacare "staff" are being ridiculed.
METHINKS GEITHNER PROTESTETH TOO MUCH--- I suggest lawyers for S&P/McGraw Hill examine the Obamatons' robust, sub rosa activities at Treasury.
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THIS MADE ME LAUGH OUT LOUD shortly after quitting his powerful WH job as Obama's COS, Rahm held a presser declaring he "just remembered" he really, Really wanted to be Mayor of Chicago.
Then Rahm announced he had magically "raised" $10 million for his campaign in "just a matter of weeks." (waiting for hysterical laughter to die down).
Ya gotta wonder how much Wall Street Rahm wired offshore when Obama put him in charge of the entire US Treasury. Read on.
CONNECTING THE DOTS: Obama's stranglehold on Treasury via COS Rahm Emanuel's dual role
THE TARGETING PAPER TRAIL BEGINS: Soon as they occupied the WH, Obama and the Chicago con artists (a) took control of the US Census; (b) Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (the IRS).
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings of the Treasury that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
Those responsible for the crisis? How about your stupid boss, Eric? The twisted, deranged community organizer who sued banks to give mtges to people on disability, welfare and food stamps----and now as president, is suing the same banks for "predator lending"---for burdening the "poor" w/ mtges they can't possibly payoff.
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WHERE ARE THE BILLIONS GOING, ERIC? --- In his new book "Extortion" author Peter Schweitzer writes about Boobamba, Holder (and other insiders), using the Justice Dept "and assorted govt agencies" to extort and steal Big Money .... read on:
EXCERPT---FOURTEEN TRILLION DOLLARS Behind The Real Size of the Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com
Mon Dec. 21, 2009 12:23 PM PST
The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
--SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
be back
Those who disagree with the policies of brilliant, intellectual, really-really smart, Progressive geniuses, must be bible-thumping, gun-loving, knuckle-dragging, Christian morons. Ya know?
/s/
IMHO
True , smile, but one good thing about having long knuckle dragging arms is my hands and wrist are not limp so I can hold a bible and shoot a gun without breaking my wrists.
This is what amazes me, do they not feel any pain or shame? I mean at some point doesn't "live and learn," come to those who don't understand? Sadly, it seems it does not and to this I have no explanation to give.
Thanks Liz...
It's almost like liberals are just plain stupid...
:-)
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