Pot Calls Kettle Risky: The Wit and Wisdom of Tim Geithner
"If you put the federal government in charge of the Sahara desert, in five years there'd be a shortage of sand."
The succession of American secretaries of the Treasury from
Just the other day, Mr. Geithner was solemnly lecturing European policymakers on the dangers of not getting their financial house in order. That's right: The American secretary of the Treasury was telling other governments to beware of out-of-control spending. Much like Mme. de Pompadour praising the advantages of chastity. What a show.
If other governments didn't change their spendthrift ways, Mr. Geithner warned at a conclave of the
Do you think the man ever looks in the mirror? And if he does, do you think he is capable of recognizing himself? Or realizing that, when he warns
What next, will
Will our president warn other nations against investing billions in economic stimuluses that don't stimulate the economy? Or at least not as much as We the People were solemnly assured all that spending would.
Remember how the president's earlier,
Does anybody believe that -- except maybe those still living in some Keynesian fantasy? But never fear, if this latest shot in the economy doesn't do it, the next one will. And that's just what some economist infected with Krugmanitis will surely recommend when this stimulus doesn't much stimulate, either.
Inflationists have a simple, uniform answer to every problem with their economic theories: Just spend more. They seem blissfully unaware that that's how we got in this mess in the first place. A poor memory isn't required to be a member of the Keynesian club in good standing, but it definitely helps.
What's next? Will the president now caution other governments against guaranteeing
The story of Solyndra' won't be complete until the Feds, in a final touch, put up one of those big signs they love in front of its closed doors: This Project Funded by the American Recovery and Reinvestment Act.
These are the same people who now lecture their counterparts abroad on the need for fiscal prudence. As if they woud know it when they saw it, let alone practiced it.
"By a continuing process of inflation, goverment can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
--John Maynard Keynes, an economist who made a lot more sense than many Keynesians
- A People's History of the Great Recession
- Job Destroyers Don't Deserve Tax Holiday
- What the Recession Has Done to the Rich
- Pot Calls Kettle Risky: The Wit and Wisdom of Tim Geithner
- New Layoffs Are Harbingers of Broader Economic Changes
- Is Obama's National Infrastructure Bank the Answer on Jobs?
- We Are In a Modern-Day Depression
- Dunkin' Donuts, McDonald's Franchises Warn of Job Cuts
- Despite High Unemployment, Millions of Job Openings
- How Renters Could Save the Housing Market
- How Low-ball Appraisals Are Limiting Housing Recovery
- The Moral Question
- Rise of the Renminbi as International Currency
- United States Woos Foreign Shoppers to Boost Sagging American Economy
- How to Create More Jobs by Lowering Wages: Texas and America
- 15 Stunning Statistics About the Jobs Market
- Training Unemployed for Specific Jobs Could Solve Many Problems
- Housing Slump Will Hurt Economies Well Into Future
- Can the Government Help the Housing Market?
- Are American Consumers Relapsing Into Debt Addiction?
- Obama Deficit Plan Could Derail Hopes for Super Committee Success
- Raising Retirement Age: Reflection of Our Evolving Economy
- Why Math and Science Education Means More Jobs
- A Good Fight
- America's Government Contracting Bonanza Bilks Taxpayers
- Two Cheers and One Jeer for the American Jobs Act
- Obama Jobs Plan Seems to Get a Boost From CBO Chief
- Will Obama's Jobs Plan Help Small Business Hire More?
- More Americans in Poverty Than Ever Before
- Why Consumers Aren't Spending
- Republicans Keep Helping Wall Street and Banks Over Main Street
- 5 Political Lessons of the Economic Downturn
- First Medicare, Now Paul Ryan Tackles Tax Code
- GOP Economic Plan Unlikely to Find Much Common Ground With Dems
- With Poverty on the Rise, This is No Time to Slash the Safety Net
- Vote on Disputed Trade Bill Could Be Hitched to Jobs Retraining
- Obama Vows to Do Away with Millionaire Tax Cuts and Reduce Deficit
- Has the Housing Market Finally Found Its Footing?
- Fed May 'Twist' Balance Sheet to Promote Recovery
- In Jobs Speech, Obama Passes the Buck to Congress
- Refinancing Out of Reach for Many Americans
- Self-employed Americans Down by 2.1 Million
- Government Needs to Help Job Creators and Middle Class Consumers
- Back to School and Deeper in Debt
- Will Obama Sabotage Jobs Plan With Job-Killing Free-Trade Agreements?
- Don't Fear the Double-Dip Recession
- Five Key Economic Battles Await Congress
- Feeling Stressed About The Economy? You're Not Alone
- Building an Infrastructure Builds Jobs
- Is Infrastructure the Answer to America's Jobs Problem?
- Investing in Education Is Smart Business
- STEM Education - It's Elementary
- We Need a Bold Jobs Bill to Stop the Double-Dip
- Could QE3 Help the Economy?
- What Kinds of Federal Spending Create the Most Good Jobs?
- Who's Worse Off: Europe or the United States?
- China and the United States' Debt
- Jobs Issue Plays Into Defense Cuts Argument
- Economists Forecast 2.3 Percent Growth Rate
- Why Standard and Poor's Had to Downgrade
- Who's Next on Standard and Poor's Chopping Block?
- Who Stands for Americans?
- Has The United States Economy Turned Into a Pyramid Scheme?
- Defense Industry Threatens America's Economy
- America Downgraded!
- What Standard and Poor's Ratings Downgrade Means
- The Disconnect Between Stocks and the Economy
- How the Government Is Killing Job Creation
- Along with Lack of Jobs, A Wage Problem
- Jobs Picture Better Than Expected Except for Government Workers
- What The Economy Looks Like at Stall Speed
- Is a Double-Dip Recession on the Horizon?
- Job Numbers Go From Grim to Ghastly
- Cities Where the Job Outlook Is Improving
- Obama Should Take a Lesson from George H.W. Bush
- The Only Social Security Reform Worth Considering
- Crisis of Confidence: Debt Debate Erodes US Global Standing
- Global Economic Downturn: A Crisis of Political Economy
- The Rise of the Wrecking-Ball Right
- Housing Starts Are Up, but Don't Cheer Just Yet
- Could the Employment Picture Be Better than the Government Reports?
- Many Ideas for Job Creation, but Little Action
- Eliminating Mortgage Interest Deduction Could Further Hobble Housing Recovery
- New Mortgage Limits: Another Hurdle for the Housing Market?
- Markets Spike on Bernanke Talk of 'QE3'
- Can 'Gang of Six' Save the Day on Debt Ceiling?
- Do We Need the Debt Ceiling?
- European Debt Crisis: Could Italy Be Next?
- It's Back! The Misery Index Rides Again
- The President's Jobs Plan
- Budget Debate Has Troublesome Historical Underpinnings
- 4 Bright Spots for the American Economy
- Job Growth Dismal, Unemployment Hits 9.2 Percent in June
- Why Small Businesses Aren't Fueling Job Creation in This Recovery
- Public Sector Job Cuts Threaten Economic Recovery
- Handling Big Contradictions
- How the Crippled Housing Market Affects Job Seekers
- Think Startups are Fueling the Recovery? Not So Much
- Tax Havens: Shady Deals
- As The 'Mancession' Peters Out, The 'Race-Cession' Is Still Going Strong
- Obama Trains Spotlight on Flailing Economy
- Strategic Petroleum Reserve Release Could Give Brief Economic Stimulus
- What to Watch for As QE2 Ends
- How Health Care Can Save or Sink America
- Crude Predicament: The Era of Volatile Oil Prices
- Financial Rebalancing Act: Stop Worrying About Global Flow of Capital
- Globalization and Unemployment
Available at Amazon.com:
Pot Calls Kettle Risky: The Wit and Wisdom of Tim Geithner | Politics
(c) 2011 Tribune Media Services, Inc.