Showing posts with label Treasury SEC. Timothy Geinther. Show all posts
Showing posts with label Treasury SEC. Timothy Geinther. Show all posts

Monday, March 23, 2009

OBAMA "TRILLIONS, TRILLIONS, TRILLIONS"

President Obama and Treasury Secretary Timothy Geithner unveiled there Trillion Dollar Plan to buy banks toxic assets so, they could clear the balance sheets of American banks. This is the second Trillion Dollar Plan in two weeks because the Federal Reserve Charmian Ben Bernake spent a Trillion Dollars on Banks so, the can loosen up credit for individuals and corporations. The President spent 800 Billion dollars on his stimulus Plan and he, also presented Congress with his new Federal Budget for the year 2010 at a estimated cost of 3.6 Trillion Dollars. The President and Treasury Secretary Geithner is expected in the near future to come back to Congress for another Trillion Dollars for more bailouts. It is estimated that this whole bailout fiasco has cost the American Taxpayer between 10-15 Trillion Dollars. The Congressional Budget Office run by Democrats has done a audit of President Obama Stimulus Plan and Budget. The CBO has said if President Obama and the Democratic Congress continue this outrageous spending the United States Government will go bankrupt. The CBO audit says that President Obama will budget plan will put America in a position where they could never payback all our debts. The Budget President Obama presented to Congress could cost our children 10- 20 trillion dollars added on to our federal deficit. The Obama Administration refuse to listen to the CBO and they are saying that this budget is the right prescription for this ailing economy. Therefore, are critics in the Democratic Party, Republican Party and worldwide of the spending of the Obama Administration. The head of the World bank this weekend said that these large stimulus plans and budgets by America and European Countries were not needed because they expose these countries to large deficits that they can not payback. The United States has to hope that China, Japan and Saudi Arabia keep financing our outrageous spending, because if they don't you will see the American dollar crash and will see our great country go bankrupt like the former Germany in the 1920's. Finally, last week the Chinese Government gave America a lecture on there outrageous spending and their deficits. The Chinese Government said that the United States needed to start spending there money more wisely. Who would have thought 25 years ago that the Chinese would be giving America a lecture on how to spend money. This has truly shown how far America has fallen in the eyes of the world

Friday, March 20, 2009

GEITHNER" A TOXIC ASSET"

The President said on the Tonight Show with Jay Leno that Secretary Timothy Geinther is doing a outstanding job. This sounds similar to President Bush saying that Secretary of FEMA Brownie was doing a excellent job while, people were dying in Hurricane Katrina. If this Clown Geinther is doing a outstanding job we are in some serious financial trouble because this clown does not have a banking plan in effect. I heard last night on Fox News that Treasury Secretary Geithner will be coming out with banking plan next week. This Treasury Secretary is so, incompetent that no one wants to work for him in the Treasury Department. There has been four Undersecretary Treasury nominees who have withdrawn there names form these top positions. The Treasury Department is in shambles because most of the important positions are not filled two months into the Obama Administration. Gus O Donnell of the Cabinet Secretary for The British Government was Quoted in this weeks British Newspapers saying that it has been unbelievably difficult to talk to people at the U.S. Treasury "There Is Nobody There." The statement that Timothy Geinther is doing a outstanding is worse than the bowling and Special Olympics joke because this clown is spending trillions our nation dollars and our nation future could be in balance. This clown finally, admitted that he asked Sen. Chris Dodd to take the provision out of the stimulus bill limiting bonuses to corporations who take government bailout money. Timothy Geinther said he found out about the bonuses on March 10 but we find a video on C-SPAN where Geinther talks about corporate bonuses on February 3 in front of a Congressional Committee. This clown Geinther is constantly in trouble because he, does not have any character. Finally, Geinther should have not been confirmed as Treasury Secretary because he did not pay his federal taxes. this should have been a sign to President Obama that Geinther was not the right man for the job. President Obama should fire Treasury Secretary Geinther as soon as he gets back to Washington. PRAY FOR OUR COUNTRY