Geithner Should Get Out More Often

This morning, Tim Geithner, our all-knowing Treasury Secretary, said that the Stimulus Package is working. His remarks came in his testimony before Congress (See Full Story).

Apparently, the loss of 2 million more jobs since February was all in the plan! Thank God for the plan! It's working!

What was really interesting is the fact that little Timmy seems to think consumer confidence has improved. His comment came on the same day the University of Michigan released their normal reporting on Consumer Sentiment. In that report, consumer sentiment fell by an unexpected and somewhat shocking 6 points from the month prior (See Full Story). This disappointing report follows a similar report on June 30 from the Conference Board that showed that consumer confidence had dropped sharply (See Full Story).

The consumer is an important factor in our recovery because we are primarily a consumer-based economy. Something that little Timmy doesn't seem to understand. He should really get out more often and look at all the the foreclosed-on homes and shuttered businesses. They are easy to spot because they are clearly marked with signs to that effect. Just reading the newspaper or watching TV, he could see all the "going out of business sales" that seem to be choking the ads sections of our media. At the very least, he should read the financial pages so that he would know that consumer confidence is falling. Then, maybe, he wouldn't embarrass himself in front of Congress and the rest of the world by saying dumb things like consumer confidence is rising.

I just keep thinking back to Geithner's appointment when most Democrats and many Republicans, alike, seemed to think that this idiot was the only guy who could be our new Treasury Secretary. Now, I'm starting to think that the only reason Geithner got his job is because he might have some "dirt" on every member of Congress. I certainly can't believe it's because he actually knows what he's doing!

Please Note: Right now there is a controversy surrounding the CIA and whether or not they deceived Congress in their various briefings. As many have noted, it is illegal for anyone to deceive or lie to Congress when giving testimony. Geithner's testimony is, at best, in error and, more probably, a misrepresentation that is intended to deceive both Congress and the American public. Is Geithner, then, subject to punishment for lying to Congress?