Timothy Geithner

"The function of a true state is to impose the minimum restrictions and safeguard the maximum liberties of the people, and it never regards a person as a thing!"- Immanuel Kant



Treasury Secretary Timothy Geithner has recently been taking a lot of heat on Capitol Hill and I suspect he will take even more as it becomes more apparent the Stimulus and Bailout fund's were completely wasted and that the Obama Administration has not only not put an end to pork spending but have allowed Capitol Hill to engage in rampant Pork Spending Bills as much as any other Congress.



Never a fan of Geithner I posted a short blog about him early on during his confirmation hearing warning that he would be business as usual,Washington insider. His time spent in the Treasury Department, his time with the Federal Reserve, and the manner in which he has handled the Stimulus money, allowing it to be misused and insuring his friends on Wall Street got "bailed out, all fall back on Obama's shoulder's and Campaign promises to end business as usual and bring "Change" to Washington.



The fact that Obama has failed to bring any substance of true change to Washington was easy to predict and those of us in the third party scene are now confident there is a growing dissatisfaction among the American People to see an end to the two party system.

Geithner is the perfect example of the double standards, and hypocritical actions of the Republicans and Democrats. Geithner failed to pay Social Security Taxes or Medicare taxes while working at the IMF and also employed an immigrant worker who didn't have a green card. Of course if I don't pay Social Security taxes based on the belief that Social Security is Unconstitutional and that the government has spent all the money in Social Security I will go to jail and be made by the mainstream media and our "justice" system to be a "radical" maybe hear the word "free thinker". Mr. Geithner is apparently a victim of not understanding the tax code, he find's himself in good company considering no one really understands the legal jargon contained in the hundreds of thousands of pages that is the IRS tax code.

What I really wanted to focus on today is that recently Congressmen have asked Geithner to resign due to the poor handling of the Stimulus, Bailout, and TARP funds. Geithner testifying before the Joint Economic Committee said Thursday that the governments $700 billion bailout program will end "as soon as we can". Well that's comforting as soon as the Federal Reserve decides that the businesses are "saved" from their own stupid mistakes they'll stop sending them our tax dollars. I feel relieved that there's a timeline on the Bailout.

Geithner continued his fact less tirade saying the Economy is better now than it was in 2008 under Republican leadership and with the aide of TARP. Of course there's no real economic numbers to back up this claim. Also Geithner like a good statist and Federal Reservist is pushing for even more Government oversight and regulation over private companies.

Gaithner also told the Committee that he plans to use part of the $350 billion remaining from the TARP funds to pay off the national debt. At first glance this seem's to be a very good thing. Instead of bailing out businesses we should have let fail, we'll pay off the Debt the problem is however that the $700 billion Bailout money was borrowed the government didn't have surplus money from Bush's first 7 years laying around. This all goes back to how uneducated the Congress really is. Basically we are at the point where we are using borrowed money to try and pay off our debt. Wow Mr. Secretary, please for the good of the country please step down!

Yours in Liberty,
Nate
dum spiro spero