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Posts Tagged ‘Tim Geithner’

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I got my hands on the wheel….

Obama is keeping his Cadillac, but not Rick Wagner the head of General Motors.

Rick Wagoner has agreed to step down as General Motors chairman and chief executive at the behest of the White House as part of a plan to provide more aid to U.S. automakers, administration officials said today at http://www.latimes.com/business/la-fi-auto-bailout30-2009mar30,0,2247834.story?track=rss.

Cadillac has built limousines and special vehicles for U.S. presidents, diplomats, ambassadors and foreign dignitaries since the early 20th century. 

President Obama is expected to unveil plans for the American auto industry this week, including the fact that GM and Chrysler will be seeking more bailout money.  In yet another Barackstar appearance, on CBS’ “Face the Nation,” Obama said Sunday that the nation could have a “successful U.S. auto industry.”

The Presidential Task Force on the Auto Industry, headed by the Treasury Department is studying ways and means to make things more effective and avoid Chapter 11.  Members of the Force are of course,[ source http://www.whitehouse.gov/the_press_office/Geithner-Summers-Convene-Official-Designees-to-Presidential-Task-Force-on-the-Auto-Industry/]

Treasury Secretary Tim Geithner and—

  • National Economic Council Director Larry Summers
  • Secretary of Transportation
  • Secretary of Commerce
  • Secretary of Labor
  • Secretary of Energy
  • Chair of the President’s Council of Economic Advisers
  • Director of the Office of Management and Budget
  • Environmental Protection Agency Administrator
  • Director of the White House Office of Energy and Climate Change 

Senior Adviser on Auto Issues at the Treasury Department

  • Ron Bloom, Senior Advisor on the Auto Industry, Department of Treasury

Official Designees of the Members of the Presidential Task Force:

  • Diana Farrell, Deputy Director, National Economic Council
  • Gene Sperling, Counselor to the Secretary of Treasury
  • Jared Bernstein, Chief Economist to Vice President Biden
  • Edward Montgomery, Senior Advisor, Department of Labor
  • Lisa Heinzerling, Senior Climate Policy Counsel to the EPA Administrator
  • Austan Goolsbee, Staff Director and Chief Economist of the Economic Recovery Advisory Board
  • Dan Utech, Senior Advisor to the Secretary of Energy
  • Heather Zichal, Deputy Director, White House Office of Energy and Climate Change
  • Joan DeBoer, Chief of Staff, Department of Transportation
  • Rick Wade, Senior Advisor, Department of Commerce

The American taxpayer has already stepped up to provide GMAC with $5 billion of TARP so it can continue to allow GM to sell more cars at a $2,000 loss per car says http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2 and going on to note that GM has lost up wards of $72 Billion, with a B, dollars in the last three years.

B also stands for bribery.  Maybe Wagoner should go, but to leave at the governments request instead of a shareholder mandate is just another nail in coffin of capitalism.  We’ll give you the money honey,  but you have to do what we say.  Bribery is a kind word, I’d call it pimping, slaving or whoring under Obama’s socialism.

Generous Motors, er- General Motors… where as GM goes, so goes the nation.  The best outlook on it all so far comes in the form of a comment from http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2 — and I hope he/she is right in taking a different view of GM, …” expect them to return to profitability sometime in 2010, unless SAAR remains under 11M. GM spent a ton on worldwide platforms that are now the envy of the world. Their product launches over the last few years have been awesome, and into the future are just fantastic. If the economy wouldn’t have tanked, GM would already be reporting a profit. We’re earning 5% interest on our bridge loan to GM, which will, at worst, begin to be paid back in 2012, and if SAAR returns to 15B or up, much faster. The business moves that GM has made over the last five years or so have put GM in a much better competitive position. Of course, you’ll have to ask our government why they even allowed Japanese manufacturers in this country decades ago, when Japan doesn’t reciprocate, basically closing their 3 million car market to U.S. Manufacturers. Ask our government how they expected the domestic manufactures to compete with health benefits placed squarely on the companies back, while the Japanese have their benefits completely subsided by their government. It may not look like it for awhile longer, but the future is bright for GM. When America begins to buy cars again, and they will, then the GM recovery and return to profitability will shortly follow. Look for GM’s market share, relative to the market, to actually increase this year.”

Hey, my GMC truck still burns less carbons than Pelosi’s jet or Obama’s new helicopter any day.

For the record, Roger Moore can kiss the pin stripes on my American manufactured truck.

Go ahead and comment, you know you want to.

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communism

 

“Novus Ordo Seclorum,” is a saying which embodies The United States of America’s President Obama, and it translates to “New Order of The Ages.” It is communistic, and socialistic and it is knocking at your front door- not tomorrow, today. 

The New World Order is wrapped around everyone of us, under Obama.  He is becoming practiced at hiding his  lack of empathy, while carefully studying other peoples emotions so as to mimic a degree of normalcy, and in cold blood, manipulating the American people. 

In a “60 Minutes” interview Obama laughed and chortled when talking about the world’s economy.  Steve Kroft said, “You’re sitting here. And you’re— you are laughing. You are laughing about some of these problems.  Are people going to look at this and say, ‘I mean, he’s sitting there just making jokes about money—’ How do you deal with— I mean: explain. . .” Are you punch-drunk?” “No, no. There’s gotta be a little gallows humor to get you through the day,” Obama said, with a laugh. http://www.politico.com/news/stories/0309/20339.html  It isn’t funny, Mr. President.  Not at all.  Obama is coping and corrupting with laughter while sending us to the gallows of socialism.  Even Jay Leno joked that “stimulus” is our way of saying “Communism,” and everyone laughed. 

“Timmy Boy” Geithner, tax dodger and Treasury Secretary, and the government claims the right to seize all financial instruments, currency, gold, silver and every thing else, if they deem an emergency exists.  Geithner called on Congress to grant extraordinary powers to take over failing institutions.  “The United States government does not have the legal means today to manage the orderly restructuring of a large, complex non bank financial institution that poses a threat to the stability of our financial system,” Geithner told the House Financial Services Committee. 

The legal means would be to declare a state of emergency, and that just may be the plan.  America is getting good at seizing things.  In 2003, “The U.S. Treasury Department announced the federal government will seize $1.4 billion in Iraqi assets frozen since The Gulf War and use the money for humanitarian and construction in Iraq.”  http://money.cnn.com/2003/03/20/news/frozen_assets/  I’d like to see an accounting of seizure and spending, please.

In violation of a whole bunch of laws, we already have active duty soldiers stationed on U.S. Soil, ready and armed.  The Army force on active duty on U.S. Soil operates under U.S. Northern Commands Chemical, Biological, Radiological, Nuclear, high Yield Explosives unit (CBRNE)- The Consequence Management Response Force or CCMRF is commonly referred to as “sea-smurf”.   http://www.armytimes.com/news/2008/09/army_homeland_090708w/ The force was fully activated October 1st, 2008 in a response to the controversial John Warner Defense Appropriations Act http://www.govtrack.us/congress/bill.xpd?bill=h109-5122.  The title of the law the “Insurrection Act” has been renamed, “Enforcement of Laws to Restore Public Order”  http://www.bordc.org/threats/hr5122.php giving power to the President to invoke martial law.  Public Law 109-364, (H.R.5122) http://www.globalresearch.ca/index.php?context=viewArticle&code=MOR20061029&articleId=3618.  Posse Comitatus Act of 1878 “the power of the country” prohibited a president from using the military for police actions in the United States until now.  https://ahrcanum.wordpress.com/2008/10/01/posse-comitatus-act/ 

Broadly interpreting Constitutional prerogatives is a President’s prerogative. Harry S. Truman seized the U.S. steel mills in 1952.  A labor dispute between the industry and the United Steelworkers union threatened to idle the nation’s steel plants, stopping production of the weapons being used to fight the Korean War. The Supreme Court ruled 6-3 that Truman’s seizure was unconstitutional.  By the time Obama gets done with The Supreme Court’s next nominees,  I highly doubt we will see the same outcome.

Under the guise of youth volunteerism,  high-school and middle-school students are going to be encouraged to participate in national service and service learning programs. The  “Hitler Youth” Plan was just passed by the U.S. House this week.   HR 1388 is called, “Generations Invigorating Volunteerism and Education” (GIVE) and be read at http://www.opencongress.org/bill/111-h1388/show

So far the text of the legislation in its current form, does not include a mandate requiring service.  Whew.   The Bill was sponsored by Rep. Carolyn McCarthy (D-NY) with 37 others.   McCarthyism is the politically motivated practice of making accusations of disloyalty, subversion, or treason without proper regard for evidence. Maybe she is related to Joe McCarthy?

Meanwhile, China, Denmark, Germany, Russia and the United Nations want to eliminate the dollar as the back bone of the world’s economy.  Some have proposed an IMF dollar or perhaps a backing by the European Union’s Euro, but Oops!  Mirek Topolanek, head of the The Czech government and head of the EU, announced that the Czech economy has collapsed too,  following Iceland, Hungary, and Latvia.  

This is the perfect storm for Obama and Geithner to introduce the Amero.  It is no longer an invisible conspiracy, nor is a global currency called the Acmetal, which combines the Greek word “acme”, meaning peak or best and “capital”. 

If the rumors are true, Obama met secretly with Mikhail Gorbachev last week, and I bet it wasn’t to talk about the ruble.  The talk was about creating a super national reserve currency as part of a radical reform of the global financial system; one that would get America off the hook of foreign debt, into a further decline of capitalism and a lack of confidence in our economics of capitalism.  Maybe they talked about Topolanek and the U.S./NATO missile shield on Czech ground that is totally pissing off the Russiams.

Canadian economist Herbert Grubel first introduced the idea of unified currency 1999.   While at the Fraser Institute Grubel published : “The Case for the Amero: The Economics and Politics of a North American Monetary Union”  in which he proposed that Canada and the USA adopt a shared currency called the ‘Amero.”  Read it here:  http://oldfraser.lexi.net/publications/critical_issues/1999/amero/section_03.html.  The Amero would merge the Canadian dollar, U.S. dollar and Mexican peso.  Nearly ten years later we must at least respect the possibility of the Amero or the Acmetal- before we read about it on the front headlines of the NY Times or the Journal.

At least Geithner and Bernanke today, rejected the notion that the world move away from using the dollar as the main reserve currency.  http://www.reuters.com/article/GCA-Economy/idUSTRE52N52420090324  The dollar plummeted anyways.

The Amero looks all shiny, just like the faces of voters who shed tears of joy when a black man was elected President.  Cry for America, not because he a black leader, but because his current policies are leading America into the blackness of despair and darkness.

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How could the America people be so naive to think that our government did not know about the $165 million controversial bonus money paid out to AIG executives?  Of course they did, and they know about the nearly $1 Billion in bonuses as well.  http://www.huffingtonpost.com/2009/03/17/cuomo-reveals-details-of_n_175865.html

The Obama reign approved the bonuses so that there would be less lawsuits by AIG employees.  Obama’s fictitious outrage is an attempt to divert attention to the fact that Tres. Sec. Geithner had urged the bonuses to be allowed.

Today’s required reading is from Charles Krauthammer at WaPo –http://www.washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031903041.html  “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. …The AIG bonuses were agreed to before the government takeover and are perfectly legal. Is the rule now that when public anger is kindled, Congress will summarily cancel contracts?” 

Apparently they won’t cancel contracts, but have summarily decided that anyone who keeps a bonus from a firm receiving federal bailout money will be taxed at a 90% tax rate.   The House voted 328-93 to approve H.R. 1586 http://www.opencongress.org/bill/111-h1586/show introduced by Rep. Charlie Rangel (D-NY) the day before.  The Sunlight Foundation http://blog.sunlightfoundation.com/2009/03/19/read-the-bill-stimulus-bill-and-bonus-loopholes/  points out that,  had members of congress bothered to read the entirety of the stimulus bill before passing it with expediency, perhaps they would have known in advance, they were authorizing bonuses. It was available for only 13 hours. Shame on them. 

“I GUESS IT’S TOO BAD NOBODY READ IT BEFORE IT PASSED, THEN: The Stimulus Bill Explicitly Guarantees Contractual Bonuses Executed Before February 11. Yeah, I know, I already mentioned this. But it’s a point worth making again — they rushed this stinker through, and now it’s biting them on the ass. Good.” said http://pajamasmedia.com/instapundit/73719/  .  It isn’t “good,” for little old me the taxpayer though.  To know that our elected officials allowed this to happen in the first place and then to back peddle and put a tax restriction on it, is just as heinous.  Double shame.

Senator Chris Dodd (D-Conn), chairman of the Senate Banking Committee initially denied having anything to do with the allowance of the bonuses and said he never talked to Treasury officials.  Dodd corrected himself saying his previous comments had been misconstrued CNN reported, http://www.cnn.com/2009/POLITICS/03/19/aig.bonuses.congress/index.html.  Dodd lied and admitted it. Dodd is also running for re-election in 2010 against Republican challenger former U.S. Rep Rob Simmons.  Rob Simmons’  Senate campaign doesn’t have  web site yet.  Someone else  registered a domain name that Simmons might have used. Trouble is, http://www.RobSimmons2010.com isn’t exactly a message the candidate might be looking to spread. (source- Capital Watch http://blogs.courant.com/capitol_watch/2009/03/rob-simmons-has-no-web-site-so.html )

Did Obama know about the preservation of bonuses, did he too lie or doesn’t he have a clue what is going on in his administration?   Didn’t President Obama bother to read the stimulus bill that he signed, authorizing these bonuses?  Guess not. “Everybody’s pointing fingers at each other and saying it’s their fault, the Democrats’ fault, the Republicans’ fault. Listen, I’ll take responsibility. I’m the president,” he said at a town hall meeting in Costa Mesa, California.

AIG CEO , Edward Liddy inherited this mess and sat, about to be tar and feathered in front of grandstanding members of Congress yesterday, 03-19-09.  The display was purely for entertainment purposes and may have bordered on malfeasance.  For entertainment I’d much rather watch Obama on The Tonight Show with Jay Leno.   “I do think in Washington it’s a little bit like American Idol, except everybody is Simon Cowell,” said Obama .  “Barackstar” in trying to play the role of politician and personality, managed more cluelessness during the interview by referencing the Special Olympics in describing his own bowling game.  “It was like the Special Olympics or something,” said the President.  Bad manners and a bad bowling game.

Blogger Steve Young reports that Obama has decided to bowl against 12 year old Billy Madison, a Special Olympian at The White House in the future.  http://steveyoungonpolitics.com/president-obama-to-bowl-against-special-olympian/.

At least this Obama gaffe won’t cost the taxpayers billions, now that’s entertainment.

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President Obama has admitted, “I screwed up,” in his reference to selecting Tom Daschle, Nancy Killefer,  and Bill Richardson, to key government positions.  How Tim Geithner squeaked by is beyond me.

“It’s important for this administration to send a message that there aren’t two sets of rules — you know, one for prominent people and one for ordinary folks who have to pay their taxes,” Obama said. Earlier in the day, Obama had proclaimed he was “absolutely” sticking with Daschle for Health and Human Services Secretary.-CNN

Only days on the job, and already he admits he screwed up?  Maybe the voters screwed up.  Certainly from someone with an advanced degree from Harvard, he could have chose to say I made a mistake instead of saying screwed. 

In another fine example of failure to vett potential nominees, we are again witness to people whose backgrounds reveal that they are deceitful, not unintentional oversights.   A person selected to oversee the implementation of policy should have impeccable credentials, just like Obama who has explained and dismissed any questionable relationship he has ever had with Ayers, Rezko, Kahlidi, Odinga, Rev. Wright Wrong, ACORN, etc. http://www.fightthesmears.com/

Obama has come out smelling like a rose en route the The Presidency even though his own vetting left a lot to be desired.  No one still has seen his official birth certificate even after numerous lawsuits by Berg, Donofrio and others.  Obama’s selective service documents are out of alignment with the truth. Where is his report card and transcripts?  Really, why would the American voters expect the vetting of his selections to be any different than Obama’s own vetting?

President Obama warned Republicans recently on Capitol Hill that they need to quit listening to radio king Rush Limbaugh if they want to get along with Democrats and the new administration.   “You can’t just listen to Rush Limbaugh and get things done,” he said to the GOP leaders whom he himself had invited to the White House to discuss his trillion dollar stimulus.  The funny thing is, I know more about Rush Limbaugh’s success and failures than Obama’s.  Too bad for Joe the Plumber who got a full vetting in public. 

Are we supposed to believe in all those government agencies working together to prevent terrorism when we have a leader who’s team can’t even vett or nominate someone without tax problems?  If the Obama government is trying to adjust the market’s allocation of wealth and opportunity it should start by selecting acceptable candidates and properly vetting them.  Perhaps he should take his own advice to heart and ask his wife when he said in an interview for of all places, The Ladies Home Journal, “I would never make a big decision without asking her opinion.”

The millions of Obama trolls must be saddened to know he owned up to a mistake.  Obama’s political e-mail list tops 13 million names, a digital force that he can rely on to push for his legislations, hinder critics, or seek support.  ” That power gives Obama’s on line advisers a potentially bigger role than many of his Cabinet picks and major hires in pushing through an agenda.   A Cabinet secretary stumping for a new bill has been rendered less powerful than a million e-mails crashing the Capitol; a visit to the Hill from top aides is unmatched to on line petitions that clog legislative offices.” http://sweetness-light.com/archive/obamas-online-trolls-to-keep-at-it.  The good thing for Obama is he doesn’t have to vett 13 million names.

The little thorns on the stem of the rose that smelled like sweet victory got him elected in the first place will keep pricking and poking away at his selections and his plans-those little thorns are called Republicans. As Obama so eloquently pointed out when people disagree with his policy, he said arrogantly, “I Won,” when challenged by republican Senate Minority Whip Jon Kyl of Arizona over the contents of the stimulus package. 

You sure did win President Obama, now stop screwing up our land of hope and change.

The last political figure to admit, “I screwed up,” was John McCain telling David Letterman when he canceled a “Late Show” appearance. 

We all know what happened to McCain.

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