Thursday, March 26, 2009

On the Danger of Tim Geithner Opening His Pie Hole

Tim Geithner’s press conference.

NYT: Mr. Secretary, won’t the proposed plan for toxic asset disposal require huge write-offs by commercial banks?

Geithner: Oh, yeah, they’re going to get absolutely whacked. [White House handler leans toward Geithner and whispers in his ear]. I mean to say, rather, that while there will be some write-offs, they will be manageable. There’s a fair chance that the banking system won’t collapse. [W.H. handler whispers again]. Or, what I should say is, everything is under control.

AP: Mr. Secretary, you seemed to imply the other day that you thought China’s suggestion about replacing the U.S. dollar with another reserve currency was a good idea. Since your remarks were widely criticized for leading to the subsequent steep fall in the value of the dollar, would you care to comment further?

Geithner: Oh, sure. I didn’t say I actually liked the idea of the dollar being replaced by an alternative reserve currency, I just meant that, what with our enormous spending plans, the dollar wouldn’t be worth very much anyway…[W.H. handler sharply tugs on Geithner’s coat sleeve and whispers furiously] Heh, er, that is, uh, no, I don’t have any additional comments on that.

Reuters: Mr. Secretary, a lot of people have expressed concerns about the slow pace in filling the open job slots in the Treasury Department. Are you making any progress in that area?

Geithner: Well, now, I’m happy to tackle that question. We’ve just made an offer to an assistant mail-room clerk and…[W.H. handler whispers] What? A tax lien on his house? Ahmm…we’re continuing to vet a list of promising candidates.

Fox News: Mr. Secretary, how do you square the notion of these alarming budget deficits with the administration’s assertions about a return to fiscal responsibility?

[W.H. handler claps hand over Geithner’s mouth] That’s all the Secretary has time for today.

3 comments:

richard mcenroe said...

Paco, dude, it's really all very simple...

TW: coscotac: Your neighborhood militia team dedicated to seizing and securing the nearest superstore when society collapses.

Anonymous said...

America will need a new currency before Geithner and the politicians are finished expanding the debt and destroying the dollar but the solution is a gold backed currency free of government manipulation. The Campaign to Cancel the Washington National Debt by 12/21/2012 through constitutional amendment begins. See our facebook page at http://www.facebook.com/group.php?gid=67594690498&ref=ts

We are also planning to have a booth at FreedomFest 2009, the world's largest gathering of free minds! July 9–11 www.freedomfest.com in Las Vegas. Ron

RebeccaH said...

If only somebody would clap a hand over that man's mouth.

TW: azabalow: Obama still can't say abracadabra correctly.