geithner

Not A Fan Of Ceilings

June 25, 2011

I am not a fan of ceilings. Well, at home is good. Maybe in most any building. But that’s not the kind that we have as the subject today. We’re talking about the debt ceiling of the federal government. It’s possible one or two people may not be as familiar with this issue as they [...]

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Know Nothings

August 30, 2010

Simon Johnson last week wrote a piece for the New York Times. His contention is that the fiscal conservatives, Republicans, Blue Dog Democrats and others, cannot, in his words, be taken seriously. I share that sentiment. I also share his fear that they will define the debate. Fiscal Austerity and America’s Future By Simon Johnson [...]

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Better Late Than Never

August 1, 2010

Is it a miracle or just a coincidence? In my last article I made mention of David Stockman. The very next day he shows up with an Op-Ed piece in the New York Times. For any of you who either were not old enough or not interested enough to pay attention at the time, David [...]

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Which Way?

February 10, 2010

Today, speaking of the bonuses, Obama says, “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.” Not that long ago he was calling those bonuses obscene and shameful. Which is it? Larry Summers was in full support of anything that the Wall Street casinos [...]

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Doing God’s Work

November 25, 2009

The CEO of Goldman Sachs, Lloyd Blankfein, claims that he is doing God’s work. Has God retired? Is God not upset with Lloyd for causing his 401K to tank? Wouldn’t you like to get a peek at God’s portfolio? Such gems of wisdom from one of the Masters of the Universe generates lots of questions. [...]

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Stupid Is As Stupid Does

July 20, 2009

We, as an electorate, apparently are not as astute as we would like to think when it comes to recognizing intelligence, or its polar opposite. The single-digit IQ of someone such as Senator Sessions is probably too obvious to warrant much more than a passing mention. Perhaps worth an extra moment’s attention is how ill-advised [...]

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The Class War Is Lost

March 27, 2009

Did you even notice that there was a war going on? There has been a one-sided class war going on for decades. It is now over.  The elites won decisively. It’s really quite odd. Few of the poor and middle class realized it was happening. Most of the wealthy also were unaware of the war. [...]

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Don’t Get Your Hopes Up

March 16, 2009

Actually, hope is a good thing. It’s good psychologically. It’s even good for the economy. It’s just that a systemic, global meltdown isn’t ready to disappear quite so quickly. It has been said that expectations are the largest factor in determining the ups and downs of the economy. A little hope is giving us the [...]

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Odds And Ends

March 11, 2009

There are so many issues on which to comment that I can’t keep up. Each one deserves at least a book, as an antidote to all of the nonsense clogging up the airwaves, cable, the Internet and the dead tree media. Note: I have a special video treat for everyone staying to the end of [...]

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Upside Down

February 24, 2009

A commentary by a noted economist. Reactions to that commentary on the Sunday talk shows. At first glance it appeared that the world had, overnight, turned upside down. First impressions aren’t always accurate. There was South Carolina Senator Lindsey Graham (John McCain’s BFF) willing to consider nationalization of banks. New York Republican Congressman Peter King [...]

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