Tea Party Patriots Ordinary citizens reclaiming America's founding principles.

Saturday, January 23, 2010

Geithner: PBO is Sacrificing Good Policy for Politics

Most of us have known, and his actions have shown, that President Obama routinely puts partisan politics in front of good policy. This is consistent with Obama's actions & votes during his "weekend" stay in the Senate prior to becoming president.

It appears now that besides hitting his Health Care "Buzz Saw," our out of touch with the real world President might be facing some dissent from within his own Czarministration....

From America Blog --
Reuters reported two hours ago that multiple financial industry sources claimed that Treasury Secretary Tim Geithner was unhappy with the President's plan he announced today to rein in the banks. The sources said that Geithner thinks Obama is sacrificing good policy for politics.

President Barack Obama's newest Wall Street crackdown was met with hesitation from Treasury Secretary Timothy Geithner, who is concerned that politics could be sacrificing good economic policy, according to financial industry sources.

Now, sure, we don't know the names of those sources. But for Reuters to run this piece, the sources had to be some pretty senior people on Wall Street with extremely close ties to Geithner, who came from the NY Fed before he took the job at Treasury. Even stranger, the Treasury refused to comment for the story.

Now, if a cabinet member reportedly leaked to his buddies in NYC that he thought the President, his boss, was harming the country for political expediency on a major policy initiative, and the story was wrong, the Treasury would immediately tell Reuters that the story is a bunch of BS. Instead, Treasury refused to comment.

Now there's an updated story that includes a White House official saying Geithner worked on the plan with Volcker and Summers. Though, what's not coming from the White House official in the Reuters story is an outright denial of the story itself - that Geithner told friends in NY that Obama was harming the country for politics.

Oh, and the updated story came out two hours after the first story. And guess what it doesn't include. A denial from Treasury either.

No comments:

Post a Comment

Thanks For Commenting