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Keyword: timgeithner

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  • Obama, Hu toast 'strategic mutual trust' at state dinner (Dingy 'dictator' Reid skips town)

    01/19/2011 8:23:45 PM PST · by Libloather · 12 replies
    The Hill ^ | 1/19/11 | Christina Wilkie
    Obama, Hu toast 'strategic mutual trust' at state dinnerBy Christina Wilkie - 01/19/11 10:30 PM ET President Obama and Chinese President Hu Jintao toasted U.S. and Chinese collaboration and mutual interests on Wednesday night at a festive state dinner for 225 guests at the White House. Their toasts marked the high point of an evening notable for its strict adherence to the protocol and symbolism valued in Chinese culture, but which, at the same time, managed to fulfill the Chinese delegation's request for a thoroughly American dinner party. Guests dined on a meal of pear salad, lobster, ribeye steak and...
  • China Syndrome (analysis of Chen Guangcheng incident)

    05/04/2012 3:06:23 PM PDT · by JerseyanExile · 3 replies
    The American Interest ^ | May 3, 2012 | Walter Russel Mead
    No good deed goes unpunished; this must be what US Ambassador to China Gary Locke must have been thinking as a firestorm of criticism erupted over his embassy’s handling of the Chen Guangcheng case. Under great pressure, with Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner arriving for high profile talks with China’s leadership, the embassy and colleagues in the State Department including Assistant Secretary of State for East Asian Affairs Kurt Campbell had negotiated a delicate deal with Chinese counterparts that Chen accepted. Negotiated with the involvement of top legal scholar Jerome Cohen, and based on a...
  • Geithner grilled in court over AIG bailout

    10/07/2014 10:36:20 PM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Oct 8, 2014 12:25 AM EDT | Marcy Gordon
    Timothy Geithner, a key player in the U.S. government’s 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant’s former CEO over the handling of the rescue. On Tuesday, Geithner affirmed his belief that the bailout was needed to avert disaster for the financial system. Geithner was president of the New York Federal Reserve at the time of the rescue and later Treasury secretary. …
  • Geithner praises Obama

    05/18/2014 3:50:50 PM PDT · by Oldeconomybuyer · 11 replies
    Politico ^ | May 18, 2014 | By JONATHAN TOPAZ
    Former Treasury Secretary Timothy Geithner praised President Barack Obama on Sunday, saying he was "excellent in crisis." “I had an amazingly good experience with this president in this White House, ...who was willing at that time to put policy ahead of politics in a way that was very important for the country," Geithner said on CBS's "Face the Nation." “He was excellent in crisis. Good at making decisions. Very tough on the rest of us, very tough on all of us to examine all the options. And I never felt I was in a position where they put a political...
  • Economic Official Sperling Warned Woodward (Alleged sender of 'regret' email)

    02/27/2013 7:10:57 PM PST · by kristinn · 19 replies
    Buzz Feed ^ | Wednesday, February 27, 2013 | Ben Smith
    The White House official whom Bob Woodward charged had crosssed a line by saying he would "regret" printing his version of a set of Washington negotiations was Gene Sperling, the director of the White House Economic Council, a source familiar with the exchange told BuzzFeed Wednesday. The email from Sperling to Woodward, which Woodward read to Politico Wednesday, has transfixed Washington, with Republicans and some in the press charging that it embodies a White House lording it over a cowed press corps. Woodward, Politico reported, called the top official — identified to BuzzFeed as Sperling — to tell him that...
  • RT's Keiser Report Says Geithner Peddled Inside Info In 2007

    01/28/2013 9:10:22 PM PST · by ExxonPatrolUs · 6 replies
    Russia Today ^ | 1-26-2013 | Max Keiser
    Video At Link
  • Geithner Appears to have Broken the Law

    01/20/2013 12:44:03 PM PST · by Oberon · 13 replies
    The Market Ticker Blog ^ | 1/19/13 | Karl Denninger
    From the Fed Transcripts: MR. LACKER. If I could just follow up on that, Mr. Chairman. CHAIRMAN BERNANKE. Yes, go ahead. MR. LACKER. Vice Chairman Geithner, did you say that they are unaware of what we’re considering or what we might be doing with the discount rate? VICE CHAIRMAN GEITHNER. Yes. MR. LACKER. Vice Chairman Geithner, I spoke with Ken Lewis, President and CEO of Bank of America, this afternoon, and he said that he appreciated what Tim Geithner was arranging by way of changes in the discount facility. So my information is different from that. Oh I see. Reuters...
  • Rand Paul to Join Protest of House GOP Leadership Tax Deal

    12/10/2012 10:05:57 PM PST · by VitacoreVision · 16 replies ^ | 10 Dec 2012 | Matthew Boyle
    Kentucky Republican Sen. Rand Paul, Georgia Republican Rep. Paul Broun, and others will join tea party group TheTeaParty.Net to denounce the House GOP leadership’s caving on taxes later this week. House GOP leadership recently proposed $800 billion in new revenue streams in response to Treasury Secretary Tim Geithner's proposal on behalf of President Barack Obama. GOP leaders say the new revenue would come from closing tax code deduction loopholes, but more conservative members worry this is a euphemism for tax increases. The event, to take place Wednesday at 3 p.m. at the Capitol Hill Club in Washington, D.C., will focus...
  • New plan. We just won’t collect the taxes

    12/09/2012 5:00:21 PM PST · by SeekAndFind · 26 replies
    Hotair ^ | 12/09/2012 | JAZZ SHAW
    There's a new bit of creative thinking making the rounds in DC this weekend, proving yet again that not all ideas wind up being good ones. According to this line of thought, assuming no deal is reached to prevent tax rates from going up on the middle class, Timothy Geithner has certain, hidden superpowers which will save the day. If the tax rates go up, people won't need to worry about it because we just won’t withhold the extra money from their paychecks. The White House has the power to temporarily protect taxpayers from middle-class tax hikes even as upper...
  • The True Disciple of Saul Alinsky

    12/04/2012 8:29:41 AM PST · by Kaslin · 19 replies ^ | December 4, 2012 | Pat Buchanan
    Treasury Secretary Tim Geithner's opening bid to Speaker John Boehner, a demand for $1.6 trillion in new taxes, was not meant as a serious offer. It was an ultimatum couched in an insult. Translation: "We won the election. We have the whip hand. Not only are you going to sign on to higher tax rates and higher tax revenues, we are going to rub your Tea Party noses in your coming capitulation." That Boehner did not throw the offer back in Geithner's face and tell him, "Give me a call, Tim, when you're serious," suggests that the speaker feels he...
  • Republicans and Mad Max

    12/04/2012 5:10:39 AM PST · by Kaslin · 10 replies ^ | December 4, 2012 | Mona Charen
    The incomparable Walter Russell Mead, writing in the American Interest, offered a glimpse into the coming dystopia: "Things are getting worse in San Bernardino. The city filed for bankruptcy earlier this year, but its financial situation has continued to deteriorate. And now with what promises to be a heated court battle over payments to the state pension fund in the offing, further cuts are likely. "Things are getting so bad that at a recent city council meeting, the city attorney advised residents to 'lock their doors and load their guns' because the city could no longer afford to keep up...
  • Boehner on Obama Tax Plan: "You Can't Be Serious"

    12/03/2012 3:57:34 AM PST · by Kaslin · 19 replies ^ | December 3, 2012 | Kevin Glass
    The Obama Administration proposal to fix the "fiscal cliff" coming at the end of the year called for $1.6 trillion in tax hikes over current policy. House Speaker John Boehner said he was "flabbergasted" when presented with the proposal this week. Boehner tells "Fox News Sunday" that after Geithner briefed him privately on Thursday, he looked at Geithner and said, "You can't be serious." Boehner called it "silliness" that the White House was, among other things, asking Congress to give up its power to set the nation's debt limit. Earlier today, Geithner insisted that the Obama Administration wouldn't relent on...
  • Oh My: McConnell Laughed Out Loud When Geithner Discussed Obama’s Plan

    11/30/2012 2:54:55 AM PST · by Kaslin · 24 replies ^ | November 29, 2012 | Daniel Doherty
    Negotiations can’t be going too well if the Senate Minority leader is openly scoffing at President Obama’s “bipartisan” plan to solve the looming “fiscal cliff” crisis. Yikes: Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts. Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent a shock...
  • Emails show Obama administration involvement in killing non-union auto pensions

    08/08/2012 7:08:29 PM PDT · by neverdem · 28 replies
    Human Events ^ | 8/7/2012 | John Hayward
    Matthew Boyle of the Daily Caller reports that internal emails show Treasury Secretary Tim Geithner was “the driving force” behind terminating the pensions of 20,000 non-union retirees from the Delphi auto parts manufacturing company, as part of the government’s bailout plan for General Motors.  Union workers, on the other hand, “saw their pensions topped off and made whole.” This decision was supposed to be made by the independent Pension Benefit Guaranty Corporation, which is meant to be free of political influence, so it can represent the interests of private-sector pensioners.Instead, the Daily Caller unearthed a string of emails that show...
  • Geithner & Libor: What Did He Know about the LIBOR manipulation scandal and When?

    07/12/2012 1:32:52 PM PDT · by SeekAndFind · 6 replies
    New York Post ^ | 07/12/2012 | Charles Gasparino
    The latest development in the Libor-manipulation scandal is that the banks weren’t really fixing the price of the key interest rate in total secret — US regulators were aware of the sleazy activities at the time, and seemed to have done nothing. Which should surprise no one. I can’t tell you how much federal officials knew about the activities of Barclay’s, JPMorgan, Citigroup and the other big banks at the center of the maelstrom. In coming weeks, both Federal Reserve chief Ben Bernanke and Treasury Secretary Tim Geithner will inevitably discuss the mess when they appear before Congress. Bernanke testifies...
  • You Don’t Need to be a Lefty to Support Krugman (You Just Need to be Economically Illiterate)

    06/17/2012 7:09:55 AM PDT · by Kaslin · 4 replies ^ | June 17, 2012 | Mike Shedlock
    Financial Times writer Samuel Brittan says You Don’t Need to be a Lefty to Support Krugman. Brittan kicks off with "The remedy for too little spending is more spending. Everything else is commentary." Who Decides? Just who gets to decide there is "too little spending?" Krugman? Brittan? How about the free market? Look at what promotion of spending got us. The mother of all housing bubbles is what. In a 2002 New York Times editorial Krugman said "To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble...
  • Fed Chairman Ben Bernanke Warns Congress on ‘Taxmaggedon’: ‘If You All Go on Vacation...

    06/07/2012 7:09:27 PM PDT · by TigerLikesRooster · 12 replies
    ABC ^ | 06/07/12
    Jun 7, 2012 4:46pm Fed Chairman Ben Bernanke Warns Congress on ‘Taxmaggedon’: ‘If You All Go on Vacation, It’s Still Going to Happen’ The Federal Reserve Board Chairman had a stern warning today for Congress: “Taxmaggedon” is real, it’s coming and only lawmakers can save the nation from falling off this rapidly approaching “fiscal cliff.” “What is particularly striking here is that this is all pre-programmed,” Fed Chairman Ben Bernanke said. “If you all go on vacation, it’s still going to happen, so it’s important to be thinking about that and working with your colleagues to see how you might...
  • Fed Chairman Ben Bernanke warns of 'fiscal cliff' risks

    06/07/2012 7:18:21 PM PDT · by bd476 · 12 replies
    Excerpt from Los Angeles Times ^ | June 7, 2012 | By Don Lee
    WASHINGTON — Fears about a looming fiscal crisis at the end of the year are starting to pinch job growth and threatening to undercut the nation's fragile recovery, a growing number of economists and employers say. Federal Reserve Chairman Ben S. Bernanke, in testimony Thursday before Congress, repeatedly warned about the so-called fiscal cliff — a reference to the expiration of tax cuts Dec. 31 and the imposition of automatic spending reductions Jan. 1. By some accounts, the U.S. economy could see an unprecedented fiscal hit of as much as $720 billion if the slated changes take effect. They would...
  • BERNANKE BONDS: Under Obama Fed’s Holdings of U.S. Debt Have Jumped 452%!

    06/07/2012 10:51:53 AM PDT · by · 21 replies ^ | June 7, 2012 | Terry Jeffrey
    ( - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet. On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion. That is an increase from January 2009 of $1.366 trillion—or 452 percent. Under Obama, the Federal Reserve has become the single largest owner of U.S. government debt. When Obama entered...
  • Friends of Obama Allowed to Opt Out

    06/04/2012 6:56:14 AM PDT · by Kaslin · 13 replies ^ | June 4, 2012 | Lurita Doan
    Emigrant Bank was recently identified to receive a waiver that would allow the bank to opt out of rigorous Dodd-Frank requirements. These of course are the same new rules and regulations that Barack deems essential to the nation. Yet when the bank’s owner, Howard Milstein, who is a close friend and was a bundler for President Barack Obama’s 2008 campaign, protested that the new rules would seriously crimp operations of his bank, the Obama Administration worked with members of congress to grant him a waiver from the new rules. Other financial institutions and banks have consistently and vehemently argued that...
  • AIG Chief Sees Retirement Age as High as 80 After Crisis

    06/04/2012 6:03:48 AM PDT · by Perdogg · 34 replies
    Link only due to copywrite issues
  • Economic Collapse and Political Instability Got You Down?

    06/03/2012 6:21:29 PM PDT · by Lowell1775 · 21 replies
    Open Source Survival site ^ | June 3, 2012 | Ronin Gael
    The drumbeat quickens. Economic titans from Robert Zoellick, head of the World Bank, to George Soros….the beast that broke the Bank of England…..are saying the run through 2012 will be a repeat of 2008 only much worse. I won’t repeat what got us here. The history and the how are available on both this website and hundreds of others. Whether the working of a divine plan or the mere machinations of evil men, the world’s economic order is about to fold. We are in the mother of all bubbles. It is a toxic mix of fiat currency, inflated asset values,...
  • World of hurt: Global economy under threat as US job market falters and Europe and Asia slow

    06/03/2012 7:39:44 PM PDT · by 2ndDivisionVet · 18 replies
    The global economy's foundations are weakening, one by one. Already hobbled by Europe's debt crisis, the world now risks being hurt by slowdowns in its economic powerhouses. The U.S. economy, the world's largest, had a third straight month of feeble job growth in May. High-flying economies in China, India and Brazil are slowing, too...
  • Obama adviser Axelrod: Romney not 'qualified to call himself a job-creator’

    06/03/2012 6:13:16 PM PDT · by Libloather · 27 replies
    The Hill ^ | 6/03/12 | Kevin Bogardus
    Obama adviser Axelrod: Romney not 'qualified to call himself a job-creator’By Kevin Bogardus - 06/03/12 11:15 AM ET David Axelrod, a senior adviser to President Obama’s reelection campaign, said Sunday that presumptive Republican presidential nominee Mitt Romney does not have a record of a “job-creator.” Speaking on CBS’s Face the Nation, Axelrod said the former Massachusetts governor shouldn’t be considered an expert on the economy. Romney’s record in government and in the private sector was not about creating jobs, according to the Obama adviser. “No one’s arguing whether Mitt Romney’s qualified to be president. What we’re arguing is whether he’s...
  • Watch for avalanche of sell orders Monday

    06/03/2012 5:35:43 PM PDT · by John W · 34 replies ^ | June 3, 2012 | Mark Hulbert
    Monday’s trading will be the first opportunity stock investors in the U.S. will have to act on a major technical violation that occurred at Friday’s close: The breaking of the 200-day moving average. This could result in an avalanche of sell signals hitting the market at Monday’s open, since many technical analysts use the 200-day moving average as the dividing line between bull and bear markets. They consider the primary trend to be up so long as the market is trading above its 200-day moving average, and that this trend turns to bearish whenever the market closes below this average—and...
  • Layoffs to Begin Monday at RG Steel(4th Largest U.S. Flat-Rolled Steel Company)

    06/03/2012 5:34:39 PM PDT · by Son House · 16 replies ^ | June 3, 2012 |
    Layoffs will begin on Monday for workers at RG Steel in Warren. The company filed for Chapter 11 bankruptcy protection last week in Delaware. The financial problems will idle plants in Warren, West Virginia and Maryland. Over a thousand employees are effected. RG Steel said that despite cost reductions and improvements, it has been unable to succeed in the current market. The company is looking to sell its operations.
  • Friday's US Jobs Report Is So Stunningly Bad It's A Danger To The Global Economy

    06/03/2012 10:37:55 AM PDT · by Son House · 43 replies
    Business Insider ^ | Jun. 3, 2012 | AP Writers
    Alan Krueger, head of the president's Council of Economic Advisers, pointed out that the country has added jobs for 27 months in a row, including 4.3 million jobs in the private sector. The economy still has a few bright spots. Americans bought cars and trucks a strong pace last month, giving automakers their best May since 2008. Underscoring the challenge for Obama with five months to go in the campaign, a May poll by The Associated Press and GfK, a research company, showed that 52 percent disapproved of Obama's handling of the economy while 46 percent approved. Some financial analysts...
  • Time Bomb? Banks Pressured to Buy Government Debt

    06/01/2012 7:54:12 AM PDT · by TigerLikesRooster · 22 replies
    CNBC ^ | 05/31/12 | Jeff Cox
    Time Bomb? Banks Pressured to Buy Government Debt CNBC, NETNET, NET NET, EUROPE DEBT, GREEK DEBT, EUROPEAN DEBT CRISIS, ECB, EUROPEAN CENTRAL BANK Posted By: Jeff Cox | Senior Writer | 31 May 2012 | 02:42 PM ET US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says. Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says. While that...
  • What has caused the recent drop in oil price/bbl(about $20/bbl; $0.60/gal at the pump)? (Vanity)

    05/30/2012 7:51:58 PM PDT · by izzatzo · 49 replies
    self ^ | 05/30/2012 | izzatzo
    Actually, I know the answer to my own question. The answer is manyfold: Hussein has lifted the drilling moratorium; Hussein approved Keystone; Hussein has opened domestic exploration, drilling, and production; Hussein has opened the "strategic reserve"; Hussein didn't actually "invest" all those billions in Brazil's, etc. petroleum industries, he invested it our petroleum industry; Hussein Obama pees oil thereby increasing domestic supply driving the price down; isn't Obama wonderful? NOT I'm not an industry economist so what did I miss? Don't tell me it's all because of Memorial Day and summer's arrival, that doesn't make sense. This is not an...
  • ‘Fear of the Future’ Keeps Lid on Economic Growth: Greenspan

    06/01/2012 8:03:47 AM PDT · by TigerLikesRooster · 13 replies
    CNBC ^ | 06/01/12 | Jeff Cox
    ‘Fear of the Future’ Keeps Lid on Economic Growth: Greenspan ECONOMY, INFLATION, EMPLOYMENT, UNEMPLOYMENT, MANUFACTURING, CPI, CONSUMER PRICE INDEX, JOBLESS CLAIMS Posted By: Jeff Cox | Senior Writer | 01 Jun 2012 | 07:39 AM ET Investors could revolt at a moment's notice against high government deficit levels, jeopardizing chances at a recovery and potentially sending interest rates soaring, former Federal Reserve Chairman Alan Greenspan told CNBC. The former central bank leader — nicknamed "The Maestro" by his supporters — said he worries the current economy could be heading on a path similar to 1979, when the 10-year...
  • White House Attempts to Spin Bad Jobs Report

    06/03/2011 10:07:30 AM PDT · by Justaham · 49 replies ^ | 6-3-11 | Brian O'Connor
    Even though unemployment rose to 9.1% for the month of May, the White House wants you to believe this is good news. According to Obama economic advisor Austan Goolsbee, the country’s job situation is actually getting better. Today’s employment report shows that private sector payrolls increased by 83,000 [54,000 net] in May and the unemployment rate ticked up to 9.1 percent. There are always bumps on the road to recovery, but the overall trajectory of the economy has improved dramatically over the past two years.The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision....
  • World stocks fall on dismal US hiring report

    06/04/2012 4:17:22 AM PDT · by Cincinatus' Wife · 9 replies
    Houston Chronicle ^ | May 4, 2012 | PAMELA SAMPSON, AP
    BANGKOK (AP) — World markets took a beating Monday as another setback for the U.S. economic recovery sent investors fleeing from stocks. A weak U.S. jobs report flustered investors and intensified fears that a global recession was in the making. The dismal report released Friday came on the heels of other data that showed weak economic conditions in Europe and Asia.
  • Tokyo Hits 28-Year Low Amid Global Rout

    06/04/2012 3:23:45 AM PDT · by Islander7 · 8 replies
    CNBC ^ | June 4, 2012 | By: Reuters with
    The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Investors hedged against global financial and economic crisis, heading for havens such as the benchmark 10-year Japanese government bond whose yield fell below 0.80 percent to its lowest since July 2003. Ten-year JGB futures prices jumped to a 19-month high.
  • As economy stalls, Fed may have to step in (Definition of Insanity Alert)

    06/04/2012 3:04:50 AM PDT · by tobyhill · 21 replies
    msnbc ^ | 6/3/2012 | Edward Krudy, Reuters
    Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet. Federal Reserve Chairman Ben Bernanke will be back on Capitol Hill on Thursday to testify before a congressional committee about the state of the U.S. economy. He's not going to get an easy ride. The blue-chip Dow average of stocks is now negative for the year. Employment appears to be slowing to a snail's pace and Europe remains mired in crisis. "This puts the Fed firmly in play and they will likely feel compelled to respond," said Tom Porcelli,...
  • Has anything changed on Wall Street? (After the 2008 financial system collapse)

    05/14/2012 8:30:02 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 05/14/2012 | Ed Morrissey
    Recently, Barack Obama has refrained from mentioning Dodd-Frank as one of his big accomplishments as President. That's fortunate, because had Obama used that as a campaign claim this month, the huge loss taken by JP Morgan and one-time Obama ally Jamie Dimon would have done serious damage. As it is, Politico wonders whether Obama might have a big problem convincing voters that he's done anything significant to address the underlying issues that created the 2008 financial-system collapse: The giant $2 billion trading loss at JPMorgan Chase highlights a central problem in President Barack ObamaÂ’s case for a second term: Four...
  • New IRS Regulation Shows the “Willful Negligence” of Treasury Secretary Tim Geithner

    05/02/2012 5:11:05 PM PDT · by Kaslin · 1 replies ^ | May 2, 2012 | Daniel J. Mitchell
    I’ve been fighting for more than 10 years to stop an IRS regulation that would force American banks to put foreign tax law above US tax law. Sadly, I recently lost that battle when Treasury Secretary Tim Geithner finalized the third version of the regulation (it was first proposed by Clinton, and then a second version was put forth by the Bush White House).In previous posts, I explained why this regulation represents bad tax policy and undermines the rule of law. I also have explained that it will hurt the American economy and why it endangers the human rights of...
  • Geithner: Yeah, we don’t have a solution to the debt problem ("We just don't like your solution")

    02/17/2012 11:41:38 AM PST · by SeekAndFind · 7 replies
    Hotair ^ | 02/17/2012 | Ed Morrissey
    Guy Benson calls this "the political quote of the year", but it may be more like the defining moment of Obamanomics and Barack Obama's fiscal policies. Paul Ryan destroyed interim OMB chief Jeffrey Zients in testimony before Congress this week already, deconstructing White House claims to have $2 trillion in deficit reduction over the next ten years when their contribution to that effort was only $400 billion, or roughly $40 billion a year. In this five-minute clip, Ryan points out that the budget he proposed last year actually eliminated deficit spending over the long term, while the budget Obama proposed...
  • Former Car Czar: Suskind Book 'Drive-by Shooting' Of Obama

    10/02/2011 5:42:47 AM PDT · by governsleastgovernsbest · 12 replies · 1+ views
    NewsBusters ^ | Mark Finkelstein
    "It's important for us to pause for a moment and make sure that we're talking with each other in a way that -- that heals, not in a way that wounds." -- President Obama, speech at Tuscon memorial service, January 12, 2011. "The [Suskind] book amounts to a drive-by shooting of a president and his key economic advisers who deserve encomiums, not unfounded second guessing and inaccurate revisionist history." -- Former Obama car czar Steve Rattner, writing at the Politico, October 2, 2011 [emphasis added]. So less than nine months after President Obama pronounces pious words about talking "in a...
  • Book: Obama White House ‘Has a Real Woman Problem’

    09/17/2011 9:15:08 AM PDT · by MNJohnnie · 58 replies
    Fox News ^ | 09-17-11 | Fox News
    The Obama White House is a “hostile” environment for women even though they occupy many of the senior positions in the West Wing, according to a new book. Pulitzer Prize-winning author Ron Suskind interviewed more than 200 people, including President Obama, for "Confidence Men: Wall Street, Washington, and The Education of A President," which will be released Sept. 20. The book portrays a White House in which Obama struggled with a divided group of advisers, some of whom he didn't initially consider for their high-profile roles. And top female advisers said they felt left out of key meetings or overpowered...
  • Rattner Unrepentant On Allegation Suskind Book 'Drive-by Shooting' Of Obama

    10/03/2011 7:32:32 AM PDT · by governsleastgovernsbest · 6 replies
    NewsBusters ^ | Mark Finkelstein
    As noted here yesterday, former Obama car czar Steve Rattner, in a Politico piece, lashed out at Ron Suskind, depicting Suskind's book on bad times in the Obama White House as a "drive-by shooting" of President Obama and his staff. That hardly seemed in the spirit of President Obama's pious call, in his much-touted Tucson memorial speech, for people to speak in a way "that heals, not wounds" . Joe Scarborough called Rattner out on the matter on today's Morning Joe. But Rattner blithely batted away Scarborough's depiction of "drive-by" as harsh and rhetorically inflammatory. View the video here.
  • Book says White House ordered forgery

    08/05/2008 11:33:10 AM PDT · by Alter Kaker · 37 replies · 568+ views
    Politico ^ | 7/5/08 | Mike Allen
    A new book by the author Ron Suskind claims that the White House ordered the CIA to forge a back-dated, handwritten letter from the head of Iraqi intelligence to Saddam Hussein. Suskind writes in “The Way of the World,” to be published Tuesday, that the alleged forgery – adamantly denied by the White House – was designed to portray a false link between Hussein’s regime and al Qaeda as a justification for the Iraq war. The author also claims that the Bush administration had information from a top Iraqi intelligence official “that there were no weapons of mass destruction in...
  • Palin Redeemed

    10/12/2011 7:47:03 PM PDT · by 2ndDivisionVet · 101 replies
    Independent Women's Forum ^ | October 12 , 2011 | Charlotte Hays
    Although I fell in love with Sarah Palin in 2008, she had begun to drive me a just a little bit crazy recently, often so inarticulate that I thought she was trying to make Barack Obama without a teleprompter look like Pericles. All is forgiven. Sarah Palin’s decision not to run for president redeemed her. She did the right thing by her country, her party, and by herself. By not running, Palin preserves her status as a power broker in the Republican Party, which could have been diminished by a bad showing in the primaries. She will be big in...
  • The Book on Obama

    10/06/2011 12:28:50 PM PDT · by Kaslin · 4 replies ^ | October 6, 2011 | Emmett Tyrrell
    WASHINGTON - Supposedly, this White House has just made a furious attempt to sink a book, "Confidence Men: Wall Street, Washington, and the Education of a President" by Ron Suskind, which came out Sept. 20. Jay Carney, the White House spinmeister, spoke ill of it. Numerous former White House staffers spoke ill of it. Carney said, "One passage seems to be lifted almost entirely from Wikipedia." Why would a respected writer want to do that? I suspect that the White House is going to be as effective in sinking Suskind as it has been in keeping President Barack Obama's polling...
  • Obama’s Economic Advisers Warned of Green Jobs Agenda’s Pitfalls

    09/30/2011 12:49:20 PM PDT · by Oldeconomybuyer · 2 replies ^ | September 30, 2011 | by Lachlan Markay
    A pair of years-old anecdotes, recently revisited, show that top economists in the White House and Obama’s cabinet expressed serious doubts about the White House’s emphasis on and approach to green jobs. Three top economic advisers, on at least two occasions, have sounded alarms about that agenda. In October 2010, Treasury Secretary Tim Geithner and then-director of the National Economic Council Larry Summers warned that the oversight of the Energy Department’s loan guarantee programs – one of which financed defunct solar company Solyndra – was too lax, the Los Angeles Times reported [1]: At a White House meeting in late...
  • Administration Rebuffs Contentions that it Mistreated Women

    09/26/2011 12:12:45 PM PDT · by John Semmens · 5 replies
    A claim in Ron Suskind’s book, Confidence Men: Wall Street, Washington and the Education of a President, that the Obama Administration created a hostile workplace for his female advisors was met with denials from current White House Budget Director Jack Lew. “The contention that the President or any of his male appointees would denigrate these women in any way is mistaken. To the contrary, we all had a broad respect for these ladies,” Lew said as he struggled to suppress a titter over his use of the word “broad.” Former head of the Council of Economic Advisers Christina Romer’s complaint,...
  • Media Bias 101

    09/28/2011 3:51:27 AM PDT · by Kaslin · 3 replies ^ | September 28, 2011 | Byron York
    You want a quick and easy introduction to media bias? Just look at the reception given to author Ron Suskind when he appeared on NBC's "Today" show recently to promote his new book, "Confidence Men," which is critical of President Obama -- and then compare it to the reception Suskind received in 2004 when he appeared on "Today" to tout another book, "The Price of Loyalty," which was critical of President George W. Bush. Start with the new book. The newsworthy bits in "Confidence Men" are well known: Suskind reports the Obama White House is tough on women, with former...
  • Obama: Most economically ignorant president ever?

    09/26/2011 7:55:10 AM PDT · by 1rudeboy · 24 replies
    Division of Labour ^ | September 21, 2011 | Brad Smith
    I've been saying for some time that Barack Obama is the most economically ignorant president since Zachary Taylor, but I increasingly fear I've been doing the general a disservice. It's not just erroneous economics, but sheer ignorance of markets and economics. You see it in periodic comments of the President. Perhaps the most famous came when he said that ATMs and airport ticket kiosks lead to unemployment: “When you go to a bank you use the ATM, you don’t go to a bank teller. Or you go to the airport and you use a kiosk instead of checking in at...
  • New book reveals RomneyCare was model for health care reform [Obamacare] Read more:

    09/21/2011 8:32:45 PM PDT · by freespirited · 12 replies
    Daily Caller ^ | 09/21/11 | Matt Lewis
    Ron Suskind’s controversial new book, “Confidence Men” reveals how President Barack Obama came to embrace “RomneyCare” as a model of reform.For example, it reveals that in a memo to President Obama concerning potential health care reform options, White House chief health care official Nancy-Ann DeParle, directed Obama’s attention to the only working model for reform in the country: Massachusetts, whose health care overhaul bill passed in 2005 under a brokered deal between then-governor Mitt Romney and the state’s Democratic legislature.” (p. 262) Suskind goes on to demonstrate that President Obama, who previously had not embraced the individual mandate, was...
  • In early Obama White House, female staffers felt frozen out

    09/20/2011 3:51:55 PM PDT · by neverdem · 46 replies
    Washington Post ^ | September 20, 2011 | Peter Wallsten and Anne E. Kornblut
    Friction about the roles of women in the Obama White House grew so intense during the first two years of the presidentÂ’s tenure that he was forced to take steps to reassure senior women on his staff that he valued their presence and their input. At a dinner in November 2009, several senior female aides complained directly to the president that men enjoyed greater access to him and often muscled them out of key policy discussions. Those tensions prompted Obama, urged on by senior adviser Valerie Jarrett, to elevate more women into senior White House positions, recognize them more during...
  • NBC Attacks Suskind Book Critical of Obama But Promoted Bush-Bashing Book By Same Author

    09/20/2011 3:19:02 PM PDT · by tobyhill · 21 replies
    newsbusters ^ | 9/20/2011 | By Kyle Drennen
    While co-host Ann Curry on Tuesday's NBC "Today" wondered if Ron Suskind's "Confidence Men" was "fact or fiction," on August 5, 2008, then-co-host Meredith Vieira touted Suskind's claim in "Way of the World" that the Bush administration's case for the Iraq war was "worse than Watergate." Speaking of Suskind's latest work on Tuesday, Curry described how Obama administration "top officials are lining up to say they were either misquoted or taken out of context by the author." She then wondered: "Did he get the story right?" In contrast, while Vieira noted the Bush White House labeling Suskind's book at that...