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Sec. of Treasury Nominee lying thru his teeth at hearing on C-span ...now.

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:46 PM
Original message
Sec. of Treasury Nominee lying thru his teeth at hearing on C-span ...now.
He is doing the Gonzales dance...repeating same phrases over and over about his income tax cheating,
irritating Bachaus who is trying to get to bottom of the tac issue.
Worth a listen.
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Justitia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:49 PM
Response to Original message
1. So, how do YOU know he's "lying"? Did you see his tax return? Are you an accountant? -eom
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bunnies Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:53 PM
Response to Reply #1
4. +1. nt
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:49 PM
Response to Original message
2. I personally think the Senators are annoying. Especially Kyl
How many times can the guy say he made a mistake and he paid what he owes?
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:50 PM
Response to Original message
3. he's totally full of buzz words and I dunnos, isn't he?
*Too complex* *too important* blah blahh

And he still has not really answered why he was asleep at the wheel in the fed.
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Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:56 PM
Response to Original message
5. The tax procedure for someone employed at the IMF is very hard
You are technically self-employed, even though you are not. This conflict stems from that, and many offshoots along the way. It isn't so cut and dry of "yeah I wanted to evade paying taxes."
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soothsayer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:08 PM
Response to Reply #5
8. I thought the IMF sent out explicit info to employees to help them understand this issue.
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Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:12 PM
Response to Reply #8
11. I don't know about you but I am none too observant when it comes to mail
Especially from an employer
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:13 PM
Response to Reply #5
12. The job of Treasurey Secretary is very hard, also.
I would want someone who understood complex issues or had staff who could understand the issues.
This guy is saying he did not read the important line on his own tax forms, for 2 years, nor did his accountant.
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Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:42 PM
Response to Reply #12
19. True enough, I would prefer others to Geithner for sure
Krugman, Rich, or Stiglitz would have done me just fine
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alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:27 PM
Response to Reply #19
22. Ay yay yay
:eyes:

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lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 01:59 PM
Response to Original message
6. But they keep asking the saaaaaaame questions.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:00 PM
Response to Original message
7. Interesting you say that. He reminded me of the way Gozo dodged every question, too.
There's something about him that doesn't command trust. Why are they all so hellbent to get him in there? What info does Obama have that he thinks this guy is fit for the job?
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:10 PM
Response to Reply #7
9. Yes, I wondered same thing. He is a Paulson protogee, out of Goldman Sachs,
Ass't Sec. of Treasury, and was using the same phrases and defending the TARP bailout money going to to banks.
In fact, he kept parroting the same things Paulson was saying about how "urgent" it was to give money to banks "for the good of the taxpayer". He must have said that a dozen times.
I have no clue what Obama was thinking in picking Paulson's mini-me.

What was clear was he was avoiding direct answers to Mauthas questions about
*intent* of tax avoidance, even tho the affirmative answer would have been nothing significant.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:15 PM
Response to Reply #9
13. Well that sounds like a intelligent pick for Sec. of Treasury.
"Paulson's mimi-me". x(



I think if you give them a seat at the table, they'll eat all the food
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shintao Donating Member (288 posts) Send PM | Profile | Ignore Wed Jan-21-09 02:19 PM
Response to Reply #9
14. You saying the interview is going badly?
The people asking the questions seem to be the problem. They are same people who do not know what a carton milk sells for or that their is a waiting period on drawing unemployment benefits. Give them time, they might learn something about paying taxes themselves.
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Justitia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:20 PM
Response to Reply #9
15. 100% BULLSHIT. Get your facts straight if you are smearing someone. -eom
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JFKfanforever Donating Member (145 posts) Send PM | Profile | Ignore Wed Jan-21-09 02:27 PM
Response to Reply #9
17. Tim Geithner should NOT be confirmed at this time
Geithner's overlooked tax due from his days with the IMF
should have been cleared up (with interest and penalty) years
and years ago.  After-the-fact payments made solely for
prudential personal gain are more than suspicious!

In addition, there seems to have been an IRS-denied claim for
his children's summer camp fees ... ???  .... of between
$4,000 and $5,000.  Every taxpayer knows that you cannot
legitimately claim a luxury retreat in the woods as either
child care or education.  Why didn't Tim know this?  

The Treasury Secretary of the USA is tasked with having the
IRS under his umbrella.  Geithner's umbrella leaks big
time... He may be brilliant and a protege of Bernanke as well
as Paulson, but these factoids are immaterial. Character
counts!  Tim Geithner should be denied confirmation on
ethical grounds at this time.  At some later date, perhaps it
could be reviewed.... but not now. 

Caesar's wife must be above suspicion and so must the
President's Treasury Sec.  Going forward, we need a squeaky
clean team!  
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Justitia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:28 PM
Response to Reply #17
18. There is so much absolute horseshit on this thread it boggles the mind. Clueless. -eom
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 05:00 PM
Response to Reply #17
26. Plus he hired to undocumented workers to clean his house. Never checked
which probably means he didn't pay their SS Taxes. Sounds like Geithner is one of those "anti-tax" advocates. Yet, he wants to use our tax money to bail out the same banks he worked for and didn't regulate.
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Belial Donating Member (503 posts) Send PM | Profile | Ignore Wed Jan-21-09 02:12 PM
Response to Original message
10. Its pretty simple... you get paid a certain amount.. you pay taxes..
and he if cannot figure it out.. I would prefer someone a little more savvy as the point person..
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 02:20 PM
Response to Reply #10
16. Seems simple enough. You owe, you pay.
:shrug:
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:34 PM
Response to Reply #10
23. it's not simple at all. otherwise there would be no cpa's...
ever try doing your taxes if you itemize?
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Belial Donating Member (503 posts) Send PM | Profile | Ignore Wed Jan-21-09 04:03 PM
Response to Reply #23
24. OK OK.. I was being a little bit of a smart ass.. Yes.. I do
itemize.. He didnt use a CPA.. he used Turbo Tax.. LOL
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kiranon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:23 PM
Response to Original message
20. Perhaps being No. 2 at Treasury is a better position for him.
There is something about him that reminds me of certain types of experts/policy wonks/technical wizards who end up overworked and depressed and either cut too many corners because they've made mistakes and need to fix/hide them or do not seek out the counsel of others to help them out of the mess they've accidentally found themselves in. Hope I am wrong about him.
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FLAprogressive Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:25 PM
Response to Original message
21. He's a lot better than Lawrence Summers
that could have been the worst pick this side of bringing back Paulson.
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European Socialist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 04:52 PM
Response to Original message
25. If Geithner is confirmed ,Obama can look forward to years of...
jokes from late night comedians every time celebrities get in trouble with the IRS.
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