I am SICK of damned Geithner and his f*cking Wall St. tunnel vision

[Triana]

WHY did Obama pick this idiot?

That is all.

:rant:

[AnneD]

1. We on the SWT have been asking the question....

since his nomination was anounced, That was when most of us figured out the Obama recovery plan wasn't. We've been:puke: ever since.

[bahrbearian]

4. SMW?

[nc4bo]

7. THE Stock Market Watch thread in LBN.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3903638&mesg_id=3903638

Most excellent material and like minds can be found in there.

[bahrbearian]

17. Ok ,what is SWT?

[DireStrike]

28. stockmarket watch thread?

[Triana]

11. I know. And I knew. I'm just sick of him.

and Larry f*cking Summers too. Egh.

[KoKo]

20. Yes...and for years before that under "The Idiot"...questioning...

we were led to expect better this time 'round. Instead it seems like a replay of a bad dream as every day some new "shock & awe" comes about.

[Triana]

29. Some days I swear I'm about to get whiplash from some of the reversals

(ie: torture photos, for example).

But this idiot - he picked from the start. I couldn't fathom why then and since then, it's become increasingly obvious that his vision is very limited, his focus very narrow, and his motives transparent (loot the Treasury for Wall St.). I gave it some time ... but I'm sick of this guy and I don't think he knows shit from shinola at this point. Completely lost what little "hope" I had in him - and Summers - well, I had NONE for him to start with, knowing his history.

[nc4bo]

2. sigh. nt

[NightWatcher]

3. when the only tool you have is a hammer, every problem looks like a nail

and Obama surrounded himself with bankers. They only know to throw money at banks

[Triana]

13. Exactly. Just exactly. n/t

[bluesmail]

5. Whoever controls the financial system

controls the economy.

[Lorien]

49. and picked them both

anyone who would have stood against the puppet masters would not have been allowed to run as our candidate (or theirs).

[monmouth]

6. When your audience laughs at you, not with you (Chinese students)

you might have a problem.

[HiFructosePronSyrup]

8. Why oh why didn't Obama pick you?

Surely your plan to let banks fail would have turned the economy around by now.

[Triana]

10. and what pray tell is YOUR plan, genius? n/t

[HiFructosePronSyrup]

21. Let Geithner do his job.

Because it's working, as much as the critics hate it.

[Triana]

24. HA! The economy is still in the shitter. People STILL don't have jobs. It ain't improving...

...what PLANET do YOU live on? Zoiks.

[HiFructosePronSyrup]

25. Of course not, it's too early.

Unemployment's a lagging indicatory.

That's basic economics.

It it weren't Geithner and saving the banks, unemployment would be much higher and not turning around like it is now.

[Hannah Bell]

54. we've supposedly been in recession since 2007. so this is already longer than

the typical case.

& from where i sit, things are getting worse, not better.

[BzaDem]

57. Geithner has been in office since 2009. Not 2007.

Any changes Geithner makes now will take some time to affect GDP, and then a lot more time to affect unemployment. The fact that the recession started in 2007 has nothing to do with Geithner's performance (except maybe to emphasize the total mess he inherited).

[sendero]

36. Only morons..

... think it is working. Wait, you will see.

[HiFructosePronSyrup]

37. Only morons attack the Obama administration.

"Wait, you will see."

What are you going to whine about when the economy keeps improving?

[sendero]

38. Oh, so now ..

... I'm attacking the Obama administration?

You fucking idiot. No I'M ATTACKING A BAIL OUT THE BANKERS HAT TRICK THAT IS FUNDAMENTALLY UNFAIR.

And I don't give two shits who's idea it is, IT FUCKING SUCKS AND IT WILL MAKE OBAMA A ONE TERM PRESIDENT.

[Triana]

43. bingo. that, their refusal to actually REFORM healthcare - either or both of those....

...will ensure Obama is a one-termer.

[HiFructosePronSyrup]

60. Make up your mind.

You say you're not attacking the admin., but you are, and making up some really mentally deficient baloney about being a one term president.

The economy's turning around, and there's nothing you conspiracy nuts can do about it but choke on it.

[taught_me_patience]

39. You believe the economy is "improving"?

Wow... delusional. Even the most optimistic green shoots show the economy to be "falling at a slower rate." This is far from "improving".

[sendero]

40. You can't fix stupid.....

.... the morons who think this economic debacle is over will be stripped of what is left of their assets.

And I'm getting to where I don't even feel sorry for them.

Stupid is as stupid does.

[HiFructosePronSyrup]

59. Falling at a slower rate is an improvement.

That's how these things work.

Learn something.

[riderinthestorm]

48. It won't keep improving.

I wish that weren't so but it's truth. If you look at the hard numbers, Obama has bought the US a summer respite with Geithner's plan but at enormous long term costs that WILL have to be faced. Don't be fooled. Please.

[Triana]

42. Oh yea. It's REALLY WORKING. Read this...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3904798&mesg_id=3904798

Pfft!

[eridani]

32. Believe it or not, there are actually quite a few economists--

--who predicted our current disaster and had no part in enabling it.

[Triana]

44. Geithner is NOT one of them. n/t

[girl gone mad]

52. What a brilliant retort.

Oh, wait.. no, actually it wasn't even half-assed.

[Jester Messiah]

9. While we're on the subject

I don't much care for the fact that the Secretary of the United States Treasury had to go hat-in-hand to the Chinese to grovel and "reassure" them. Thanks, Gee-dub, you dumb-a$$ chimp-brained faux cowboy... ARGH!

[Triana]

12. He's the Sec'y of Wall Street....

..the Sec'y of the Treasury job is apparently just a sideline (or a pretense, more accurately).

[Romulox]

14. Just saw rightwing economist Austan Goolsbee throw a tantrum on tv on behalf of the Obama admin. nt

[KoKo]

19. Goolsbee was a "loose cannon kid, full of himself" from the Get Go...

He's a terrible representative for the Obama Administration.

[Skittles]

15. Obama picked Geithner to do exactly what he expected him to do

[Triana]

16. Damn sad. n/t

[OhioChick]

47. Yep. n/t

[KoKo]

18. What about the 31 year old with no business experience he put in charge of dismantling GM?

What is it with Obama that he picks either the ones who got us into this mess or kids who know nothing about anything that's REAL in this world...along with his Hack "Has Been" Economic team?

:shrug:

"The F Word: Who’s Dismantling GM?" (the 31 Year Old Kid?)
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x453235

Call me crazy, but I don't find this cute. As the news was breaking of General Motors going bankrupt, The New York Times business section ran a front page article about the 31-year-old in charge of “dismantling General Motors and rewriting the rules of American capitalism.”

The 31-year-old in question, one Brian Deese it turns out, was, for the first few months of Barack Obama’s administration the only full time member of the auto task force. Now he's risen to become "one of the most influential voices in what may become President Obama's biggest experiment in federal intervention."

"Mr. Deese’s role is unusual for someone who is neither a formally trained economist nor a business school graduate, and who never spent much time flipping through the endless studies about the future of the American and Japanese auto industries,” writes the Times about the 31 year old from Yale. Unusual? One can only hope so.

Deese has high-level support. Steven Rattner and Lawrence Summers give him accolades. Rattner a private equity investor who has managed Mayor Bloomberg’s money among others is now heading the automotive task force. Summers, of course, one of the great deregulators, is head of the National Economic Council.

There's no need to worry, Sanger seems to believe -- a guy who's given little thought to the auto industry and the problems it faced and had never set foot in an auto assembly plant is designing the future for GM and its staff.

It gives you a sense of where the paper of record's priorities are. While he's ho hum about the auto industry's fate, David Sanger seems to be obsessed with the threat of a nuclear attack by Iran. In fact, in an article on Barack Obama’s meeting with Israeli Prime Minister Benjamin Netanyahu Sanger was fixated on just “how much time remains to stop Iran from gaining a nuclear weapons capability.” He led with that supposed difference of opinion between the two camps before acknowledging that, “Their most obvious public differences were not over Iran at all.”

Yet the Timhttp://lauraflanders.firedoglake.com/es is hyping it. From the glib to the deadly serious the NYT just can't seem to get it right.

http://lauraflanders.firedoglake.com/

[AllentownJake]

22. Wow that is something I thought I'd read the Bush Administration doing!

[Triana]

23. Oh Jeeze.

I didn't know about that. :wtf:

:eyes:

[Uzybone]

41. of course if he had experience he would be called another Geithner

only someone as pure as angels would be acceptable.

[Qot]

51. Bud Fox, right?

[JustJeking]

26. I'm not too fond of him myself..

I cling onto the faith that Obama knows what he's doing with this guy...

[Triana]

30. I hope you're right....

...but my hope is getting awfully weak.

[democracy1st]

27. we need to some start putting pressure on these guys

[ProgressIn2008]

31. It's pretty obvious why Obama picked him. nt

[Deja Q]

33. Care to add a little to that, instead of making us dumb wankers guess at your beliefs?

:shrug:

[taught_me_patience]

34. completely agree

Geithner is a complete tool for the banking industry. He should not be in the position that he is in due to his conflicts of interests.

[Triana]

35. Absolutely. Unfathomable that a key figure in the organizations that CAUSED this mess

is hired into the government to help "fix" it. (oh he FIXED it all right)

Is it conflict of interest or more deliberate Disaster Capitalism? I just have not been able to shake the feeling that we've been ROBBED! And since Obama was elected, it hasn't really changed - not in regards to the economy and these "bailouts". I wonder why? :sarcasm:

It just stinks to high heaven.

[Tierra_y_Libertad]

45. But..but..giving our money to the banks and corporations is good for us.

Just ask the apologists.

[western mass]

46. I blame the guy who put him there.

[democracy1st]

56. yep you can't really blame the fox if the farmer lets him in the henhouse!

[Qot]

50. What specifically did Geithner do today that you don't like?

[Hannah Bell]

53. Geithner's dad = Obama's mom's boss?

[Triana]

61. Oh? Got a link? Anyone know more about this? n/t

[Hannah Bell]

63. below.

http://www.economicpolicyjournal.com/2009/03/obamas-mother-and-geithners-father.html

mom in indonesia in the wake of the cia-assisted overthrow of sukarno & massacre of communist party members.

ford foundation was a player in that executive action.


"His father, Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by S. Ann Dunham-Soetoro, President Barack Obama's mother, and they met in person at least once.<8>"

http://en.wikipedia.org/wiki/Timothy_Geithner

Ford Foundation Links Parents of Obama and Treasury Secretary Nominee
In an unusual twist of fate, the parents of Barack Obama and his pick for secretary of Treasury, Timothy Geithner, share a nonprofit connection: they worked at the Ford Foundation at the same time.

Indeed, Mr. Geithner’s father was head of the philanthropy’s Asia grant making for a period in the early 1980s and oversaw the work of Mr. Obama’s mother, who developed the organization’s microfinance programs in Indonesia.

According to the foundation, they met at least once in Jakarta.

No word on whether the two parents speculated on the future careers of their sons.

— Ian Wilhelm

http://philanthropy.com/news/government/index.php?id=6453


"Microfinance" now the hot new finance arm of the int'l development set - courtesy obama's mom.

Cause it worked so well in indonesia.

[Triana]

64. Interesting! Thanks. I didn't know about this. (bookmarking) n/t

[Vidar]

55. He is a disaster.

[lib2DaBone]

58. Commercial Real Estate is the next shoe to drop...

August... commercial real estate blows up. Inflation goes wild. They have to raise interest rates to get suckers(er I mean customers) to buy our debt.

Obama and CONgress still doing nothing to reverse the flow of jobs to China and Mexico. I know..I know... they have been busy.

But NO JOBS means NO RECOVERY.

[quiller4]

62. Unemployment always grows through the first phases of a recovery

Jobs are starting to grow and new unemployment filings are dropping in most parts of the country though most don't expect to see real job growth until early 2010.