Tag Archives: Treasury Secretary

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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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!