Administration Seems to Hint that They Will Prioritize Bondholders

By: Tuesday January 15, 2013 10:16 am

It would seem the Obama administration is hinting that they will (or at least want the market to think they will) prioritize bondholders over everyone else if the debt limit is reached. In order to increase the pressure on House Republicans over the debt ceiling, the Obama administration has begun very publicly talking about all [...]

Obama Pushing for the Biggest Possible Austerity Package

By: Monday July 11, 2011 8:01 am

According to Treasury Secretary Tim Geithner our Democratic President wants a deficit package containing the most cuts possible. From CBS News: “What the president wants to do, and he’s bringing the leadership to the White House this evening, to keep at it, he wants to do the largest possible deal that’s going to do the [...]

Obama Wants There to be “Hostages”

By: Friday July 8, 2011 8:22 am

The Republican’s have been so successful in their hostage taking tactics not because the GOP are amazing negotiators but due to the fact Obama wants them to have a hostages. The Obama administration is told the Republicans they are negotiating with that they don’t believe the 14th amendment grants it the authority to ignore the [...]

Too Big to Jail: America’s Theft Inflection Point

By: Thursday March 17, 2011 7:33 am

This article in the Huffington Post about how Treasury Secretary Tim Geithner is pushing the state attorneys general to quickly as possible “bring to bed” their investigations of the wide-scale systematic violations of law by the nation’s largest financial institutions is a great reminder that, in America, there is a very important theft-to-punishment inflection point [...]

In These Sorry Times, Boehner Owes Geithner and Summers a Big Apology

By: Tuesday August 24, 2010 4:04 pm

House Minority Leader John Boehner (R-OH) has recently called on President Obama to fire Treasury Secretary Tim Geithner and Director of the National Economic Council Larry Summers. Now I don’t know how Boehner’s mother raised him, but where I come from, that behavior would be considered downright rude. Where is the gratitude? I think John [...]

When Geithner Talks About Reducing the Deficit, He Means Steal from the Poor and Give to the Rich

By: Friday July 9, 2010 1:23 pm

I have long held the belief that when Republican deficit hypocrites talk about “reducing the deficit,” they are simply using it as secret code for “exploiting regular Americans.” They almost never have plans that would actually reduce the deficit. Their “deficit reduction” plans are mainly schemes like taking Medicare and Social Security from middle-class people, [...]