Posted by
Kevin Herrick on Thursday, March 12, 2009 1:00:00 PM
Timmy Tax Cheat (aka Turbo Tax Tim) Geithner and Barack Obama do not seem to get it. Obama was sworn in in January. It is now mid March. Where is the great plan to fix the banking/credit problem we were promised?
Today's Wall Street Journal has a survey of 49 Economists. "President Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey."
We have had the UAW bailout, and still the Auto Industry comes back hat in hands for more. We have had the second Stimulus Bill and a 420 Billion dollar Omnibus Bill with 8500 or 9000 ear marks. We now have Dems saying ANOTHER stimulus Bill may yet be needed.
We hear hooting and hollering about Exec's salaries and corporate jets but they didn't contribute to the current financial melt down. Obama talks about Health Care, but that is not the immediate problem. It is not education, or Card Check, or any of the rest of the laundry list they keep trotting out. While Congressional Democrats continue to rob the Treasury with their pork filled Stimulus plans and ear marks This Administration needs to fix what started this mess namely the Banking system.
As the WSJ report continues:
"Some economists were underwhelmed by the $787 billion stimulus package, with 43 percent saying the U.S. will need another stimulus package on the order of nearly $500 billion. Others were skeptical of the need for stimulus. "The package already passed was too much too late," said Dana Johnson of Comerica Bank.
However, economists' main complaint centers on the administration's plan for the banking sector. "The most important issue in the short run is the financial rescue," said Stephen Stanley of RBS Greenwich Capital. "They overpromised and underdelivered. Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyone's head."
Every time Timmy Tax Cheat speaks, or Obama, or anyone else in this Administration, they just make things worse. Many have suspected all along that they really have no clue what to do and are just throwing things at the wall hoping something sticks. It now is obvious they really do not know what to do, because Liberal fixes for economic problems cannot work.
The Journal continues, "Geithner unveiled the Obama administration's plans Feb. 10, but he offered few details, and stocks sank on the news. The Dow Jones Industrial Average is down almost 20 percent since the announcement, as multiple issues have weighed on investors' confidence. In the ensuing weeks, the Treasury secretary has appeared before Congress and offered more specifics but has said action on key parts of the plan still is weeks away."
STILL WEEKS AWAY?. We were told BEFORE Obama took office that he was putting the greatest financial minds to work and they had plans TO FIX THE BANKING CRISIS! We were told they knew what to do and would be ready "DAY ONE" to spring into action. THUD! Did I miss it?..The plan. What was it? I must have been asleep.
As I have written in past posts, The Gang That Couldn't Think Straight rode into Washington after defeating ole Marshall McCain and have begun the systematic looting of the National Treasury. They are paying off every benefactor, every Union, every special intrest group while they can. As WH Chief of Staff advised, they are not letting a good crisis go to waste!. Programs they would never have gotten passesed have been forced down the throats of taxpayers in the name of stimulating the economy.
The Gang's leader, Barack "Messiah" Obama runs from microphone to microphone dragging his teleprompter to tell American's how none of this is his problem, he inherited it. Nancy "Stretch" Pelosi tells us over and over that they won and they get to write the Bills. Bawney Fwank and Odd Dodd remind us of what great jobs they did over seeing Fannie and Freddie! Turbo Tax Tim keeps pounding away at the calculator adding up the loot - I mean calculating the NEXT bailout package that MAY work.
We were promised Hope and Change. The only change The Gang That Couldn't Think Straight is going to leave us is the CHANGE we got in our pockets after we pay for all their excesses and before they find a way to take that from us also.