Tim Geithner, Chilling Interview

Steve Liesman interviewed Tim Geithner on CNBC this morning. Liesman is an ardent cheer leader for the Obama administration, and a cheer leader for very activist spending and government. I think it’s okay to note, he is a reporter and has no credentialed economic or business degree. His favorite foil, Rick Santelli, has actually traded in the markets.

I will update this post and insert the video when it becomes available.

If you are for individual liberty, and the American Dream it should be chilling. Shivers went up my spine. Geithner is a character straight out of central casting.

With regard to the debt ceiling, Geithner doesn’t offer up a compromise at all. It’s the administration’s way, or the highway. This means that there is only one way-vote out the Democrats by a significant margin in the House, Senate and get rid of Obama and his very left wing administration in 2012.

He also outright lies about what will get paid and what won’t.

Listen to his words on Dodd-Frank: “Don’t listen to the bankers because their interests aren’t aligned with the American people.” It could be a phrase right out of Atlas Shrugged.

Bankers need a healthy economy to make money. Geithner and Obama want a government directed economy where government de facto owns the banks.

Listen to him talk about the new activist “Consumer Financial Protection Agency” and avowed big government/public sector ownership advocate Elizabeth Warren. Geithner has no faith in the private sector, or the individual. He wants to trample individual rights.

Dodd-Frank has made us more vulnerable to default. It has/will make banking more expensive. Fewer Americans will have the security of using a bank, and thus become more dependent on government.

Hear his words when he speaks about the stimulus. Even in the face of the facts that the stimulus didn’t work, he lies to the public and defends it. We might not even be having the debt ceiling debate if we hadn’t passed a Keynesian fiscal stimulus.

Listen to him talk about tax increases on the wealthy. Geithner is all about using the heavy hand of government to redistribute wealth to the government. 71% marginal tax rates wouldn’t sate him. 100% marginal tax rights might.

Every single statement he makes is all government centric. I guess you should expect no less from a career bureaucrat. In the trading pits, we had one word for guys like Geithner, schmuck.

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