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Results tagged “timothy geithner” from Nealz Nuze

MORE CHANGE YOU CAN BELIEVE IN

By
Neal Boortz
@ October 15, 2009 7:43 AM
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This story From Bloomberg seems to be creating a bit of a stir today:

Some of Treasury Secretary Timothy Geithner's closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.

The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.

As part of Geithner's kitchen cabinet, Sperling and Sachs wield influence behind the scenes at the Treasury Department, where they help oversee the $700 billion banking rescue and craft executive pay rules and the revamp of financial regulations. Yet they haven't faced the public scrutiny given to Senate-confirmed appointees, nor are they compelled to testify in Congress to defend or explain the Treasury's policies.

Boortz take? Is there any charge or any evidence that any of these dollars earned by these Geithner aides were earned illegally? Are we talking criminal activity here? Or are we just demonizing some people who made a lot of money. If there's fraud or other criminal activity then go get 'em. If not, quit the whining.

What makes all of this all the more absurd is that it is Geithner that we should be focusing on, not his workers. He's the tax cheat. He's the willful, intentional, pre-medicated, conscious tax cheat who is now in charge of the cabinet department that runs the IRS. Somehow I have a bit of a problem with that.


OK, MIDDLE CLASS. YOUR TURN. BOHICA

By
Neal Boortz
@ August 3, 2009 8:08 AM
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Here's some more Hopey-Changy news for the esteemed American middle class. You know all that stuff that PrezBO was promising? Yeah .. that's it: that there would be no middle class tax cut.

Tax cheat Timothy Geithner and White House advisor Larry Summers made the rounds on the TV shows over the weekend. Something peculiar stuck out about their comments: they would not commit to uphold Barack Obama's pledge only increasing taxes on the evil, filthy, disgusting rich.

Tim Geithner says that it is imperative that the government slash its deficits. Would the administration be willing to increase taxes in order to do that? Geithner says, "We're going to have to do what's necessary ... We can't make these judgments yet about exactly what it's going to take and how we're going to get there."

Well ... whatever. It's not as if Geithner pays taxes anyway.

Then Larry Summers says that he cannot rule out tax increases on the middle class in order to pay for Obama's healthcare reform plans. Summers says that it is too early to tell what is going to be necessary in order to revamp the healthcare system. He says, "It's never a good idea to absolutely rule things out no matter what, but what the president has been completely clear on is this: That he is not going to pursue any of his priorities, not health care, not energy -- nothing -- in ways that are primarily burdening middle-class families."

I'll tell you exactly how they are going to do it. They are going to continue increasing taxes on the evil, filthy rich. That is the politically sound thing to do, and we know that this has nothing to do with healthcare or deficits. It has everything to do with maintaining power.


WHAT SHOULD WE DO WITH THE EXTRA TARP MONEY?

By
Neal Boortz
@ July 10, 2009 8:19 AM
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The government has some money left over from the $700 billion bank bailout. There is something like $259 billion in the fund plus another $70 billion that has been repaid by the banks. So now the debate remains ... what should be done with the "extra" money?

Tax cheat Tim Geithner wants to keep money in the program to provide "headroom" for "additional flexibility to Treasury in its efforts to stabilize the economy and build the foundation for long-term economic growth." Politicians, like Barney Frank, are just itching to get their hands on the money to be used for entitlement program. Slobbering Barney, for example, wants to use the dividends earned through interest owed by banks to go toward affordable housing programs .. read: welfare.

But the answer here should be really simple, folks. Give the money back to the taxpayers. This is not the government's money. It is not money that was willingly donated to Timothy Geithner's piggy bank. This is money that has been seized by the government from you, the taxpayers. How hard is this?


THE LATEST ON EXECUTIVE PAY

By
Neal Boortz
@ May 19, 2009 8:12 AM
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Tax cheat Timothy Geithner has decided that the government should not impose caps on executive pay at companies receiving bailout funds. Thanks for finally clearing that one up for us, Tim. But he does believe that the government should set policies that would discourage financial companies from rewarding excessive risk-taking.

He says, "I think we can bring about broader reforms of compensation incentives in finance as a whole," not just at companies participating in TARP. "We'll make it much less likely that people get paid to take large amounts of short-term risk at the expense of their firm and the system as a whole."

Now, of course, we need to figure out who gets to define whether or not risk-taking is "excessive." I guess that would be the government. And a quick question for you ... where would our country be today if our history were not full of people who were willing to take "excessive risk" for a fantastic reward.


OUSTING CEOS STILL A POSSIBILITY

By
Neal Boortz
@ May 8, 2009 8:37 AM
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After releasing the results of these "stress tests" ... the Obama administration says that it is still open to the idea of government dictating management changes at these companies receiving "substantial" government aid. Robert Gibbs says the government would consider changes at the CEO level and at the board of directors level in order to make sure "that the management was in place to remedy the situation and ensure long-term viability without continued government assistance."

Tax cheat Timothy Geithner also echoed this sentiment. He says, "We'll have to make judgments about whether the quality of leadership of those boards is strong enough so that again our interests are met best." Did you hear that? "Our" interests. Who exactly is he speaking for? The federal government .. the Obama administration .. the Treasury Department .. the taxpayers? Either way, I am still waiting for someone to show me where in the Constitution it says that the executive branch of our federal government can remove anyone from a private company.

Again .. I'll point out, though it won't register with most people, that there is a name for an economy where the means of production are privately owned but controlled by the government. That would be a fascist economy. Not that anyone really cares.


TOUGH LUCK

By
Neal Boortz
@ March 27, 2009 8:52 AM
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Back to the Tax Cheat in Chief. Timothy Geithner laid out his plans yesterday for more government control over financial institutions. And Barney Frank says that while the industry is likely to have their boxers in a bunch over these regulations .. there is nothing they can do about it. He says, "The ability of the financial community to block any of this legislation is diminished completely."

As usual, Jamie Dupree has the full text of the plan.


THE LATEST FROM THE TAX CHEAT

By
Neal Boortz
@ March 5, 2009 8:40 AM
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Unless you haven't really been paying attention, you must realize by now that Obama's plans to increase taxes on every American by increasing the cost of energy in this country. We've been through this routine before. But now we have a new line from the Obama administration ...

According to tax cheat Timothy Geithner, oil and natural gas companies do not deserve tax breaks from the federal government because their businesses contribute to global warming. That's right .. our Treasury Tax Cheat believes in man-made global warming.

Unbelievable.

Geithner said to Congress, "We don't believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don't think that's good economic policy and we think changing those incentives is good for the country."

Now what you are seeing here is exactly what I've been telling you to expect for years. The Democrats want their hands on every single possible penny the private sector produces. To do this they will promote this tired and discredited global warming dog squeeze as a reason to drain more money from energy companies.

As for Geithner .. he's a tax cheat. No ... that isn't strong enough. He's a damned tax cheat. He plotted to cheat on his taxes, then carried that plot through; and he was caught. Now he's our Treasury Secretary.

A tax cheat in charge of the IRS. Change you can believe in.


FAIRNESS?? A TAX CODE BASED ON FAIRNESS?

By
Neal Boortz
@ March 4, 2009 8:36 AM
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Ya don't say. But you knew what you were getting into when you voted for this guy. The American Idol, Entertainment Tonight, People Magazine YouTube crowd knowingly voted for a man who campaigned on the idea of our tax code being based on "fairness." Or on "neighborliness." Or "spreading the wealth around." And it looks like Obama's Treasury Secretary is of the same mindset.

Yesterday, administration officials had to defend Barack Obama's budget. This is the same budget that bill spend an initial $634 million on healthcare reform, which is to be paid for by increasing taxes on evil, filthy, rich monsters. Treasury Secretary Tim Geithner said that Obama's budget reflects "a deep moral imperative to make our society more just. But it's very good economic policy too. It will mean there is again a fairer, more equitably shared tax burden on the vast majority of Americans."

Excuse me, but what in the hell is this tax cheat talking about? "More Just?" Geithner and Obama are absolutely dependent on the ignorance of the American people here. They know that most Americans have no idea in the word who pays what in taxes. No idea. Not a smattering. None. This is by design. After all ... these people were educated in government-operated schools. It is by design that the American people are so economically ignorant .. not by mistake. Just take the top 1% of income earners. Even members of congress can't tell you what percentage of the total income they earn. I can, and in a second you will be able to as well. The top 1% of taxpayers - income earners - however you want to phrase it - earn about 20% of the income. Remember, they provide the bulk of the jobs out there also. How much of the income taxes do they pay? That would be 40%. So here is this anti-capitalist president of ours and his tax-cheat Treasury Secretary telling us that this just isn't fair, and that for our tax code to be more fair these rich monsters just have to pay a larger share.

And what about this phrase about a "more equitably shared tax burden" ... What is so "equitable" or "shared" about taxing the pants off of the achievers and giving welfare checks to people who pay no taxes at all? Year after year the proportion of the tax burden on the evil rich increases, and year after year these Democrat tax demagogues talk more about "fairness" and "shared tax burdens." When the bottom 50% of income earners in this country barely pay enough taxes to pave one country road, the burden is not being equitably shared.

Oh but this plan is going to the "vast majority of Americans." Who isn't it going to help? Those people at the top. Your employer. The small business owner who writes your paycheck every month. Those are the people that will not get to share in the joy of an "equitable" tax system.


TAX CHEAT CONFIRMED

By
Neal Boortz
@ January 27, 2009 8:42 AM
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I couldn't watch the swearing-in ceremony last night. The spectacle was so disgusting I just turned off the television.

This was the mastermind behind the last bailout plan and TARP .. the "Troubled Asset Relief Program." Yeah, that's working real well, isn't it? Yup, there was Timothy Geithner, tax cheat extraordinaire, being sworn in as the Secretary of the Treasury. This, my friends, is change we can believe in.

Geithner can thank his lucky stars that he's a Democrat. There is just no way in the world that he would ever have been confirmed had he been a Republican. The media and the Democrats would have been on him like a crow on a June bug. We have an economic crisis, so we're told that its just fine if we have a willful tax cheat running the department that includes the Internal Revenue Service.

Now ... let's get on with the nationalization of the banks.


GEITHNER'S TAX BLOOPER

By
Neal Boortz
@ January 15, 2009 8:38 AM
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So Obama's pick to head the Treasury - Timothy Geithner - made a little boo boo on some of his tax returns. Doesn't bode well for the guy that, among other things, would have authority over the IRS. A few years ago, the guy failed to pay self-employment taxes while working for the International Monetary Fund. We are talking about $34,000 in taxes. But either way, the word in Washington is that this was an "innocent mistake." Since when does the IRS acknowledge the concept of an "innocent mistake?" If this were John McCain's Treasury designate he would be history.


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