Freedom Line Blog

In an uncharacteristically heated exchange last week at the House Joint Economic Committee, Treasury Secretary Timothy Geithner astonisingly denied any responsibility for financial decisions that helped trigger our current downturn.

Representative Kevin Brady (R – Texas) recited a litany of Geithner’s errors and concluded, “the public has lost all confidence in your ability to do the job.”  Peering from behind his oversized forehead and beady little eyes, Geithner replied, “what I can’t take responsibility for is the legacy of crises you’ve bequeathed this country.”

On what planet is Geithner living?

This is the man who, in addition to failing to pay federal income taxes, served as president of the Federal Reserve Bank of New York.  Let’s see…  Chief of the Federal Reserve, driver of the loose money monetary bubble,  in the city that is the financial center of the world, whose speculation and ensuing meltdown sparked the economic downturn… Perhaps he was asleep at his desk throughout his tenure, thereby absolving him from responsibility?

Come to think of it, that might also explain his blatant failure to pay taxes.