TIMOTHY GEITNER IS ASKED TO RESIGN…

Posted on November 20, 2009. Filed under: News And Politics... |

 
Please read all the way through…
 
The House is starting to close in on the Obama administration, especially Timothy Geitner.  Listen to the sniveling fool as he tries to justify his wrong moves.  Why didn’t they also touch upon the fact that while this tax cheat is the Secretary of the Treasury Department, he doesn’t even pay his own taxes?  Some role model he is, huh?… 
 
 
 
 
This is the same Timothy Geitner who also contributed to the 2008 economic collapse, as Brooksley Born tried so desperately to warn us about.  In true Democrat form, they did everything they could to silence her.  Here’s my previous post on that story…
 
 
For the life of me, I can’t understand why American citizens vote Democrat.  They are the principal reason why blacks are so oppressed in this country; it keeps the Democrats in power, and it keeps blacks oppressed.  If black people would only do their homework and read our history, they’d know that it was the Democrats who wanted to keep slavery alive and well in the United States, and it was the Republicans who vehemently opposed it.
 
Another thing I’d like to rant about is the Black Caucus.  Rep. Maxine Waters (D-Calif.), issued a statement:  "The recession has created a unique systemic risk that threatens all parts of the African-American community, including the poor and the middle class."  Are we allowed to have a White Caucus to help protect the white community (which also has a poor and middle class) from the crippling recession?  Of course not!  That would be racist!  I have news for Waters…All Americans are being taken down by this recession.  It’s not just "a black thing".  Heck, it’s not even an "African-American" thing.  Most blacks in the United States are Americans, and are not from Africa.  The reason this country continues to do poorly is the fact that Obama is bent on molding America into a Socialist country.  Just look at what his administration has done to this country in the past 11 months!  It’s not even recognizable any more!  He’s in for 3 more years?!  Can America survive his reign for three more years?  Let’s revisit Waters’ Freudian slip in 2008 where she stated, "this liberal would be all about socializing…"
 
              
 
Remember several months ago when Maxine Waters was grilled by Norah O’Donnell and admitted she didn’t read the Stimulus Bill, just the most important aspects of it?  Waters also said "Obama is not up to speed".  Talk about the pot calling the kettle black…
 
 
      

 
These liberals are so corrupt, they stink!  The committee is investigating whether Waters used her influence to help a bank in which her husband owned stock, and whether the couple benefited as a result.  What do you think they’ll find?  Probably nothing as the Democrats are so adept at covering up after themselves.  Democrats would never allow Republicans or even give them a chance to get away with anything because they’re bent on taking over this country like we’ve never seen before, and will use every tactic imaginable to stay in power.
 
Members of the Congressional Black Caucus recently "paid tribute" to the 25th anniversary of Jesse Jackass’ first run for president in 1984, then again in 1988.  This is as baseless as continuing to celebrate the birthday of celebrities who have passed on years ago.  Jackass ran twice, and was never elected so why are they celebrating?  There’s a reason why he wasn’t elected…he’s one of the biggest racists to walk the earth, only to be bested by Al Crapton in that department.  They could both get awards in that category.  The Black Caucus had to come up with something more concrete to celebrate Jackass so they went with this…
 
"By honoring Rev. Jackson they want to say that there would be no Barack Obama if there had not been a Jesse Jackson," said Andra Gillespie, a professor of political science at Emory University and editor of a forthcoming book, "Whose Black Politics? Cases in Post-Racial Black Leadership." "They are trying to assert that they are still here, and that they are still relevant."
 
The irony in this statement is that Jackass, during "open mike night" revealed that he’d like to cut off Obama’s nuts.  Not only is he a racist, he’s also a hypocritical backstabber as well.  Jesse Jackass had nothing to do with Obama’s election win.  It had everything to do with the gullible people who bought into his rhetoric that he would "change" Washingon, and he kept that promise, only it wasn’t the "change" most people voted for.  He truly has "fundamentally changed the United States of America" just as he promised he would.  Unfortunately, most people weren’t reading between his scripted lines when he uttered that statement.  While it may be true that "Hell hath no fury like a woman scorned", the same is true of Liberals and Democrats when it comes to people unveiling their corruption and Liberal agendas…
 
QueenBee
 
 
Angry Congress lashes out at Obama

House Republicans call on Geithner to resign as economic woes take a toll
By Brady Dennis, Zachary A. Goldfarb and Neil Irwin
The Washington Post
updated 4:32 a.m. ET, Fri., Nov . 20, 2009
 

Growing discontent over the economy and frustration with efforts to speed its recovery boiled over Thursday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration.

Episodes in both houses of Congress exposed the raw nerves of lawmakers flooded with stories of unemployment and economic hardship back home. They also underscored the stiff headwinds that the administration faces as it pushes to enact sweeping changes to the financial regulatory system while also trying to create jobs for ordinary Americans.

President Obama’s allies in the Congressional Black Caucus, exasperated by the administration’s handling of the economy, unexpectedly blocked one of his top priorities, using a legislative maneuver to postpone the approval of financial reform legislation by a key House committee.

Two buildings away, at a session of the Joint Economic Committee, Republicans escalated their attacks on Treasury Secretary Timothy F. Geithner, including a call for his resignation.

"Conservatives agree that as point person, you failed. Liberals are growing in that consensus as well," said Rep. Kevin Brady (R-Tex.). "For the sake of our jobs, will you step down from your post?"

Rep. Michael C. Burgess (R-Tex.) took a different tack. "I don’t think that you should be fired," he told Geithner. "I thought you should have never been hired."

Even Sen. Charles E. Schumer (D-N.Y.), a friend of the administration, suggested that Geithner had been inconsistent in addressing China’s practice of keeping its currency low against the dollar.

And Rep. Peter DeFazio (D-Ore.) said Wednesday on MSNBC that he thinks Geithner should step down, pointing to his handling of the aftermath of American International Group‘s meltdown.

Across Capitol Hill, senators signaled their opposition to rushing regulatory reform. While some Democrats voiced reservations about parts of the bill, Republicans went further, faulting Sen. Christopher J. Dodd (D-Conn.) for pushing ahead before the roots of the crisis were understood.

Federal Reserve under scrutiny
Perhaps most troubling for the administration was that one of the few measures to succeed Thursday was an amendment by Rep. Ron Paul (R-Tex.) that would subject the Federal Reserve to unprecedented scrutiny. The amendment, which won bipartisan support in the House Financial Services Committee despite the reservations of administration officials, would allow the Government Accountability Office to audit all of the Fed’s operations, including its decisions on interest rates and its transactions with foreign central banks.

Paul and allies in both parties — more than 300 members of Congress have endorsed the measure — are looking to increase oversight of an institution they consider partly to blame for the financial crisis. Federal officials and many private economists worry that the amendment could make future central bank policymakers reluctant to take unpopular steps to prevent inflation or support the economy for fear of second-guessing by Congress and government auditors.

The House committee had been set to vote to send the final piece of its regulatory reform package to the House floor after months of debate. That is, until the committee’s chairman, Rep. Barney Frank (D-Mass.), told a shocked committee room that passage of the bill would be delayed until Dec. 1 because the Congressional Black Caucus wanted the administration to do more to help African American communities suffering in the economic decline.

Frank told committee members that black lawmakers were "frustrated by the response to the economic situation by the administration." He said the caucus had no issues with the legislation itself. "They want obviously to continue to have some bargaining power with the administration," he said after the hearing.

Worries over minority representation
The caucus itself did not publicly detail its concerns Thursday, but one member, Rep. Maxine Waters (D-Calif.), issued a statement: "The recession has created a unique systemic risk that threatens all parts of the African-American community, including the poor and the middle class."

The caucus began discussing its concerns with Frank and the administration several weeks ago. Frank hosted a meeting Monday night between caucus members, Geithner and White House Chief of Staff Rahm Emanuel.

"You’re talking about people whose constituents have been badly hammered by this," Frank said. "Given the nature of this recession, there needs to be some more conversations."

Frank said the caucus had concerns about whether minorities were being fairly represented in helping carry out Treasury’s bailout programs and other federal efforts to resolve the financial crisis. The government has contracted out much of the work to Wall Street firms.

Congressional aides said the caucus’s concerns are similar to those of the Democratic Party’s liberal wing. Caucus members are pushing for legislation that would directly lead to new jobs by providing tax benefits, for example, that would provide incentives for home renovations and funding for new infrastructure projects. They also want to extend health-care and unemployment benefits.

Geitner takes a beating over AIG bailout
Meanwhile, Geithner was taking a beating as he urged Congress to pass regulatory reform as quickly as possible, arguing that delay would create uncertainty for businesses across the country. Lawmakers sharply criticized him for his role in the crisis during the tense Joint Economic Committee meeting. They were particularly critical of his involvement in the decision, as president of the New York Fed, to bail out AIG.

But Geithner pressed forward: "To ensure the vitality, the strength and the stability of our economy going forward, we must bring our system of financial regulation into the 21st century. Nobody in my job should ever be in the position again of having to come into a crisis like this without those basic authorities."

Dodd, chairman of the Senate Banking Committee, chose the marbled Caucus Room in the Russell Senate Office Building — site of past hearings on Watergate, Pearl Harbor and the Wall Street abuses during the Great Depression — to open debate on a massive draft bill designed to achieve the most ambitious reworking of the financial system in decades.

"This is one of those moments in our nation’s history that compels us to be bold," Dodd said.

But soon, ranking committee Republican Richard C. Shelby (Ala.) took the floor, and for 18 uninterrupted minutes he opined that nearly every element of Dodd’s bill was misinformed, uninformed, unnecessarily rushed or just plain flawed. "This committee has not done the necessary work to even begin discussing changes of this magnitude. Nevertheless, you have laid a bill before the committee," Shelby said. "I will be opposing this legislation. Not because we disagree on its ends, but rather on its means."

Shelby said Dodd was wrong not to conduct an investigation into the causes of the recent financial crisis before pushing forward with legislation. He said rather than ending the problem of institutions that are "too big to fail," the current bill expands the government’s ability to bail out big banks. Shelby apologized for the length of his critique, expressed his hope that the two men might "yet find some common ground," and yielded the floor.

"Well," Dodd said in the morning’s only moment of levity, "I thank you for the endorsement."

Staff writer David Cho contributed to this report.

 

 

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