Tag Archives: Geithner

Obama nominates another loser for his new Cabinet

After nominating an anti-Israel pro-terrorist Defense Secretary, Obama will nominate current White House Chief of Staff Jack Lew as the new Treasury Secretary (can it be any more obvious that Obama’s nominations are political favors?).

In response, the top Republican in the Senate Budget Committee says: “Jack Lew must never be Secretary of Treasury… His testimony before the Senate Budget Committee less than two years ago was so outrageous and false that it alone disqualifies… To ‘look the American people in the eye’ and make such a statement remains the most direct and important false assertion during my entire time in Washington.”

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Foreigners own the U.S.

Foreign holdings of U.S. Treasury securities soared to a record $5.5 trillion under Obama.

Obama: The Trillion-Dollar Deficit President.

“The U.S. federal government’s budget deficit widened in November compared to October, a sign that the nation is on a path to its fifth straight $1 trillion-plus deficit.” In other words: Obama is just about to start his fifth year as U.S. President, and now we are going to have a fifth year of a $1 trillion (or higher) deficit. A vote for Obama was a vote for debt slavery.

Obama is ready and willing to go over the fiscal cliff!

Treasury Secretary Timothy Geither says the Obama administration is “absolutely” ready to go over the fiscal cliff (causing $600 billion in automatic spending cuts and tax increases), if the Republican House of Representatives refuses to do Obama’s bidding and raise taxes on Americans with incomes in the top 2%. Obama believes he has absolute power, and that it’s irrelevant that the American people elected a Republican House of Representatives– he’s made it very clear that he’s willing to sacrifice the prosperity of the American people in order to get his way.

Update: It turns out that 75% of Obama’s proposed tax hikes– which the Republican House of Representatives oppose due to the flailing economy– go toward NEW government spending!

Obama wants more power.

As the fiscal cliff approaches, this is Obama’s grand solution: “a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling.”  In other words, Obama wants a new unilateral presidential power to raise the U.S. debt limit.

Obama is too predictable: He’s already announced that he doesn’t care about the Constitution’s separation of powers. If Congress refuses to do something, Obama will just do it himself.