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Posts Tagged ‘Tim Geithner’

Steve Grammatico

OBAMA: The party’s hemorrhaging elderly voters over ObamaCare despite Andy Griffith’s help.   And even the Times says the plan’s numbers don’t add up.  What now?  David?

AXELROD:  Two tracks, sir.  Short term, lure seniors back.  We need their votes in November to keep the Senate, at least.  Long term, address the program’s fiscal time bomb.

OBAMA:  OK.  How do we get Democrats bragging to oldsters about their support for the “Patient Protection and Affordable Care Act”?   HHS?

SEBELIUS:  Sir, announce that attorneys reviewing the law have determined that language in Part 3, Sec 1141, (a), (1) suggests seniors’ pets may be considered ”partners,” and therefore eligible for health insurance as dependents of covered humans.

monkey-typing (1)

JOE BIDEN:  Nice!  But . . . who’d, uh, vet the claims?  Hahahahaha.

OBAMA:  Be quiet, Joe.  Remember, Hillary’s in the wings.  Whaddya think, Tim?

GEITHNER: Too costly, sir . . . unless the only treatment option for animals was to put them down.

LARRY SUMMERS:  That works for me.  Even so, there’s just enough scratch in the budget we haven’t passed yet to euthanize felines.  Dogs will have to wait.

OBAMA:  Agreed.  Let’s call the subsidiary program “Medicat.” “Peticare” sounds too  . . .  inclusive.  Other ideas to energize old folks?  Nancy? (more…)

NewsBusters


Steve Grammatico

DAVID AXELROD:  The labor picture threatens our control of Congress, sir.  That means key initiatives like gutting Defense, forcing the richest 50% to pay their fair share, and passing an immigration bill with an amnesia rider are on the block in November.

OBAMA:  Man, those jobs reports are killin’ us.  And everybody knows the 9.5%, 15 million unemployed figures are probably way off.  Unfortunately, my new Bureau of Labor Statistics czar won’t be in place to fudge the truth until January.

obama war room 2

ROBERT GIBBS:  Our media friends can do just so much to downplay conditions, sir.

OBAMA:  So, we only have until the October report to drastically reduce unemployment and convince people the economy’s turned the corner.  Suggestions?  George?

SOROS:  Tomorrow I hire vun million community organizees zu spy on neighbors and alert local media to Tea Party aviliation, zir.  Und anudder ten tousand tugs vill be contracted to vear Palin 2012 tee shirts ven attacking our candidates and dere fam’lies as dey worship. (more…)

NewsBusters


Archy Cary

Five weeks ago, on February 8, Bloomberg.com brought us assurances from Treasury Secretary Timmy Geithner concerning the stability of the U.S. debt rating.

Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its AAA debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.  “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.”

Geithner stated that, as soon as unemployment declines, “the U.S. plans to rein in the deficit.”  This assurance came, of course, in the midst of a push to pass healthcare legislation that guarantees to increase the national debt, but who’s counting?  With economic growth coming over the next four years, the former New York Fed president said five weeks ago that deficit reduction “is within our capacity to do.”  Capacity differs from intent, though.

moody's

Today, there’s another Bloomberg.com story about the U.S. bond rating.  It’s entitled “U.S., U.K. Move Closer to Losing Rating, Moody’s Says:” (more…)

Archy Cary

TIME magazine’s Eric Heinrich offers his readers a Hobson’s Choice concerning the mounting federal debt. You accept hyperinflation, or, you pay a lot more taxes. Your choice, but either way you pay. And that’s just one more piece of evidence that proves that today’s legacy media is replete with economic illiterates.

Heinrich’s article entitled “How High Could the U.S. Tax Rate Go?” appears in the magazine’s March 3, 2010, issue.  Here’s a summary of its 633 words offered in 25: The Obama Administration’s “monster deficit” will either result in hyperinflation – by printing money – or higher taxes. The amount and means of levying higher taxes is the question.

charles laughton hobson's choice

Hiking taxes is the less traumatic course, though it will only be accepted as the cost of inaction rises. “Congress only responds to financial crisis or some other external shock,” says Bill Gale, co-director of the Tax Policy Center in Washington. “Nothing will be done in Obama’s first term to substantially increase tax revenue.”

He doesn’t mention the inevitable event of both happening, since they would. When money is worth less the government has to tax more to just keep even. Duh.

In closing, Eric glances toward Britain: (more…)

Archy Cary

The New York Times’s Shaila Dewan, in her February 26 article “To Court Blacks, Foes of Abortion Make Racial Case,” put her foot in her mouth, metaphorically speaking, and illustrated years of MSM misinformation concerning blacks and abortion.

Her article starts out as a factual report on how “the largely white staff of Georgia Right to Life” – who cares what color they are, and what’s “largely” mean? – has enhanced its efforts to address the “high number of black women who undergo abortions.”

Then, at the 150-words mark, comes the first of her foot insertions.

foot_in_mouth

Across the country, the anti-abortion movement, long viewed as almost exclusively white and Republican, is turning its attention to African-Americans and encouraging black abortion opponents across the country to become more active.

“Long-viewed” as a result of what image projection source?  Who has long promoted that view? (more…)