Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock
by The New LedgerNegative interest rates finally materialize, Tim Geithner falls on his face at Congress, and the House moves forward with their policy of gutting the authority of the Federal Reserve. That’s three big stories to talk about on today’s Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
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Related Links:
WSJ: House Attacks Fed, Treasury
MarketWatch: Panel Votes to Audit Fed Balance Sheet
WP: Threatening the Fed’s Independence
Bloomberg: Geithner Resignation Calls Increase
Ryan and Hensarling: Why No One Expects a Strong Recovery
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39 Comments
In case you haven't seen it yet. Here is the Lawsuit ACORN filed against James, Hannah and Breitbart.
http://myfreepress.net/blog/post/Jason/2009/11/ac...
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I loved how all those DemoRat hacks had no words to say when asked how they calculated a saved job or created job.
Classic – it should be Sarah Palin's Ad in next election and the Repubes in 2010.
http://www.cafepress.com/rightwingstuff
I watched some of the testimony in congress yesterday with the recovery.gov transparency folks. When they asked a straight forward question: "How do you calculate 'saved' jobs? The response was blank stares. When the uncomfortable silence passed, they could only cite lame anecdotal evidence.
This administration seems to think that the public is devoid of common sense!!!
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Tiny Timmy is under pressure to resign from both sides of the parties. I hope that our Christmas presents are no Nationalized Healthcare, no high taxes, no high gas prices and that Tiny Timmy resigns. Now this is for Christmas 2009. Christmas 2010 presents will be having real Conservatives running the House and Senate and that they impeached Obama and his entire Admin including Eric Holder.
The whole federal government needs to be cleaned out from top to bottom and it needs to happen soon.The corruption and the greed is staggering.Besides Obama who's responsible for the worst of the financial mess this country is in he has his two main hatchet men out front because;
The economy is in the crapper and it's going to stay in the crapper because of Ben"braindead"Bernanke and Timothy"tax cheat"Geitner.
These guys were kept in their jobs because they're supposed to be the best this country has to offer.That's BS.Bernanke was the fed chair for four years before the crash.Geitner was the NY fed chair for three of those years and he and Hank Paulson crafted the 700billion dollar bank bailout and was also instrumental in a 23billion dollar payoff to a firm Paulson ran for seven years.Namely"Goldman Sachs". Where was all this brain power for those years?We all know where the money went.Wall St.,Unions,Fiat and foreign Banks.The American taxpayers got a major hose job which continues to this day.
All this brain power should have drained into prison.
[...] Government: More Stimulus Math: Cooking the Books on Stimulus Jobs The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock Mike Flynn, Big Government: Obama Stimulus Numbers: The Return of Enron-Style Accounting The New [...]
[...] Teh Resistance Blog: I Created or Saved 11 Jobs This Morning The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Free Republic: Socialism Coming [...]
Audit the Fed. Geitner, the tax-cheat, resign now!
Some practical suggestions for Bills in Congress:
1. All bills cannot be more pages in length than can be easily folded in half. (call this the Sandy Burger rule, much easier to stuff into pants)
2. Require that congressional reps be able to bind, lift and 'curl' with one arm more than ten reps the whole bill before they sign. (if nothing else it will compell them to actually exert some energy when spending OUR money)
[...] Read more here: Big Government » Blog Archive » Economy in the Lurch: Negative … [...]
I watched Geitner on C-span last night. The panel was not pleased with his incessant excuses. He was reading straight from the Obama playbook. Bush this….inherited that…..not my fault…I didn't know….I wasn't listening…….but, but…but.
How much was the "stimulus package"? 700 billion? Divide that among the entire U.S. population and everyone would have become an instant millionaire. It's doubtful I will make that in my lifetime much less pay that much in taxes. Where do they think this money is coming from?
I saw bits of that today. What a jerk. This administration should manufacture dart boards with Bush's photo on them. I'm sick of the excuses. Tax cheat Geithner was there at the NY Fed when the crash happened. He, Bernanke and Paulsen were the guys in charge. The main job of the president of the US is to see to the national security of the country, which Bush was doing. He hired "experienced" guys who were supposed to know what they were doing. Geithner needs to go. He's incompetent. He's also a regulator with no previous banking experience.
More importantly, where is this money going? Whose pockets are being lined? Whose offshore accounts are being filled?
[...] Teh Resistance Blog: I Created or Saved 11 Jobs This Morning The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Frugal Café Blog Zone: [...]
Its disgraced serial plagiarist Ben Domenech.
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[...] Pay Increases Were Counted as Recovery Program’s “Jobs Saved” The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Steven Green, Big Government: The [...]
[...] Pay Increases Were Counted as Recovery Program’s “Jobs Saved” The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Steven Green, Big Government: The [...]
[...] Pay Increases Were Counted as Recovery Program’s “Jobs Saved” The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Steven Green, Big Government: The [...]
[...] Pay Increases Were Counted as Recovery Program’s “Jobs Saved” The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Steven Green, Big Government: The [...]
[...] Pay Increases Were Counted as Recovery Program’s “Jobs Saved” The New Ledger, Big Government: Economy in the Lurch: Negative Interest Rates, the Fed Audit, and Geithner in the Dock and Do the Democrats Have Any Solutions on Jobs? Anything at All? Steven Green, Big Government: The [...]
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