The federal debt, Glenn Reynolds quips, “Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History.” Interesting that given what Democrats still want to remind us about the immediate past president’s failure to hold the line on federal spending (bad a job as he did on that score, he still did a better one than his successor.
And if the debt did increase more under Geithner than any previous Treasury Secretary, that means that it increased more under his watch than it did under the watch of each of Ronald Reagan’s and each of George W. Bush’s Treasury Secretaries.
One of W’s Treasury Secretary’s, Geithner’s immediate predecessor, Henry Paulson, even served longer than Geithner has so far (by about a month). Indeed, for the better part of Paulson’s tenure, Democrats had a majority in Congress, increasing federal spending at a rate far faster than than had the previous Republican Congresse
All three of Ronald Reagan’s Treasury Secretaries served in that capacity for longer than has Geithner, with the Gipper’s third, Nicholas F. Brady, continuing his service until the end of the George H.W. Bush’s term in office.
*Four of whom served longer than did Obama’s Treasury Secretary.
With Obamas constant high and mighty talk, I’ll never forget he picked a tax cheat for his SecTreasury.
Dumb and dumber.
Tim Geithner embodies everything wrong with Obama; they are perfect for each other. I’m sure the teleprompter will be jealous of the attention.
A tax cheat, but that didn’t matter because, supposedly, he’s the only one in the country that understands the economy as much as he does.
Little Timmy is a genius alright. Hopefully, Timmy will add being the first secretary of the treasury to rein over this country defaulting and filing for bankruptsy to his many accomplishments.
Richard Bell, you hope this country defaults? You hope this country declares bankruptcy? Are you crazy? Geithner, like Obama, is a horror, but are you not being extreme?
David in N.O.,
” you hope this country defaults? You hope this country declares bankruptcy?”
By going along with Timmy and Obama we are only propping up the progressive democrat agenda. Let’s get this over with now instead of ten years from now.
What do you mean “by going along with Timmy and Obama”? I hope they are both gone soon. Or do you really mean to say that default is inevitable? Perhaps, but I don’t think that will happen.
Can we get a book deal for Gates and Geithner?
Which one would you like to read first?
I can’t wait for some in his inner circle to let us know how much a dolt Obama really is.
The past six months fore instance Obama quit his daily briefings on the economy. No one asked about it….so he just stopped.
Someone needs to ask Tim Geithner why he left Rudolph for Obama; granted, he wasn’t happy as one of Santa’s elves so he wanted to be a dentist. But that’s no reason to completely turn tail & become a corrupt Obama stooge.
I agree. Default is inevitable, but it can take different forms. We already have a “stealth default” going, where the Fed just prints new money to finance the government’s debt. It’s a default (but a stealth one) because people who bought Treasuries in good faith are being paid back in depreciated dollars. How convenient for Timmy and Obama. I prefer an honest default, and also I prefer getting it over with, if the alternative is a drawn-out sleazy stealth default.