Nobody in Obama’s administration seems to know anything about jobs because all of them are lifelong government and/or education system employees whose experience with the private sector is limited to incompetent, idiotic and failed supervision of the private sector.
The Obama Administration’s closest experience with the private sector is Timothy Franz Geithner(pronounced GITE-ner) (born August 18, 1961) who was the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC). Geithner is President Barack Obama’s nominee to succeed Henry Paulson as United States Secretary of the Treasury.
As President of the New York Federal Reserve Secretary Geithner did a splendid job of overseeing the banking system in hte New York District. Under Geithner’s watchful, professional and diligent eye the entire commercial banking system of New York, and the entire securities industry headquartered in his Federal Reserve District succeeded fantastically, succeeded amazingly implementing well thought out strategies and tactics to maximize executive compensation while simultaneously destroying totally the financial systems of America.
Clearly Tim Geithner is man most qualified to lead the reorganization of the mess of which he supervised the creation, because he sat in on every mistake, every miscalculation, every fraud, every deception, every step of destroying America’s and the entire world’s financial system.
To make matters worse, we learn that Geithner did not pay roughly $34,000 which he owed for four different years covering Social Security, Medicare and Unemployment taxes until eight years later.
He claims he did not know he owed those taxes, that it was a “common mistake.” I believe it is a crime to give false testimony to a Senate Committee, and Geithner is guilty of that crime. How can I be sure? Because his employer in each of the four years in question sent him four letters informing him that he must pay those taxes and even telling him which tax form to use.
Further, these numbers appear to be false. The tax rate is roughly 15%. Dividing $34,000 by 15% and dividing by four years indicates gross pay of roughly $57,000 a year. Are we to believe that this Master of the Universe worked for four years for less pay than the average pay of a nurse in Chicago?
Everything is a lie.
Finally, Obama says this is a minor matter.
That is yet another lie, but it is more serious, because now we have the President of the United States lying to the nation!.
Since Geithner’s employer repeatedly sent him letters telling him what to pay, Geithner made a conscious, premeditated decision to not pay those taxes. Given the size of the crime, doesn’t it appear to be a felony?
Yet the IRS only charged him interest and did not assess the penalties. As I read the irs.gov website, the penalties are 50% a year. If you or I committed this felony, we would be in jail. If a friend of Obama does it, he is appointed to oversee the rescue of the financial system that he helped destroy.
Is this the way Obama seeks to inspire us?
Emperor Obama has no clothes.
The Emperor is naked of economic knowledge.
The Emperor is naked of ethical and moral judgement.
Change you can believe in.
January 23, 2009
© 2009 Frank Lynch USA LLC