Tax cheat Tim Geithner a laughingstock – stock market drops nearly 400 points as he speaks

So this is the Tim Geithner, that despite being a tax cheat (typical democrat), HAD to be confirmed or else this country’s economy would die. This is the same tax cheat Tim Geithner that was the “genius”, the man with the plan to fix all the things wrong in the ailing economy. Apparently, this tax cheat Tim Geithner may be as dumb and useless, if not more so than Hank Paulson. The stock market, as he spoke today, with no clear cut plan on what to do, continued to drop and drop and drop, at one point dropping nearly 410 points, and ending the day dropping almost 382 points.

Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff on Treasury Secretary Tim Geithner’s new financial-sector bailout project, according to people who were in the room.

The laughter was at its height when Obama officials explained that the White House planned to guarantee a wide swath of toxic assets — which they referred to as “legacy assets” — but wouldn’t be asking Congress for money. Rep. Brad Sherman (D-CA), a bailout opponent in the fall, asked the officials to give Congress the total dollar figure for which they were on the hook. The officials said that they couldn’t provide a number, a response met by chuckling that was bipartisan, but tilted toward the GOP side.


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February 10, 2009 · Filed Under Democrats, Tax Cheats, Tim Geithner, bail outs

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