Network News

X My Profile
View More Activity

Geithner Dismisses GOP Socialism Charge as 'Ridiculous'

By Ed O'Keefe

Treasury Secretary Timothy Geithner admits private investors are worried about investing in new government-backed commercial mortgage securities and dismisses as "ridiculous" a recent Republican National Committee resolution stating that Democratic policies bordered on socialism.

"There's still a bit of concern about whether, if you participated in these programs, you'll face in the future some change in the rules of the game, and that's causing a bit of -- a bit of concern," Geithner told The Post's Lois Romano for her continuing "Voices of Power" interview series. Private investors have expressed interest in the program, the government will work to limit their concern and he anticipates they will be "a good deal for the American taxpayer."

"That's the important thing to recognize," he said, "because you -- you have in this basic structure, investors putting skin into the game, taking risk, making judgments about what the price should be for these securities, and the taxpayer gets to participate in the upside in those judgments. So we think they're a good deal for the taxpayer."

Geithner also defended President Obama against this week's RNC resolution, stating that the administration "had to do exceptional things to help protect the American economy, help fix this crisis, fix this mess."

"Where we engage in these areas is with extreme reluctance and only because we think it's the necessary way to help reduce the risk of greater damage to businesses, to the basic fabric of the American economy," he said. "And I say where we do it, we'll do it only temporarily, try to make sure we get out as quickly as we can."

The government plans to divest itself of investments in the financial and automotive sectors, "As soon as we can," Geithner said.

Read more of his comments in Tuesday's editions of The Washington Post and watch video of the exchange above.

By Ed O'Keefe  | May 24, 2009; 4:05 PM ET
Categories:  Agencies and Departments, Video Report  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: State Dept. Plan Would Extend Benefits to Same Sex Partners
Next: Eye Opener: Getting Out of Town

Comments

LOL of course the Democratic position is socialism. But so is the Republican position.

The difference is that the Democratic position is about identifying and resolving problems, while the Republican position is just about attacking non-Republicans. Republican hypocrisy knows no bounds.

Posted by: dubya19391 | May 24, 2009 5:32 PM | Report abuse

Dear President Obama and Secretary Geithner,

If you want to fix the banks and the economy, first fix the real estate market. Once that happens the banks will fix themselves. The toxic assets will detoxify themselves due to increased value.The fastest way to solve this crisis is to get investors involved in some fashion. They have the cash on the sidelines to get us out of this crisis. If we give them an incentive to purchase property they will and that will stabilize prices saving families and jobs.


There should be a zero % capital gains tax on any property purchased during the next year no matter when you sell it. This should only be on new purchases to help absorb some of the high housing inventory. Investors will buy properties and make things happen. This is a win win situation because no homes are selling anyway so there is no capital gains tax lost. Also there should be a rapid depreciation for tax purposes of 2 years on investment property. This was done after Katrina for counties in MS, AL, and LS. (called the GOZONE ACT) and should be done nationwide to stimulate demand and reduce supply which will help save the economy.
Once home prices are stabilized the jobs will return and the economy will recover. It might be difficult to get the republicans to go along with this because they know it will be extremely effective and therefore will result in the Dems gaining seats in 2010 And You Mr. President being re-elected in 2012.

Posted by: chuchu1248 | May 24, 2009 5:33 PM | Report abuse

Geithner's right: it's unfair and inaccurate to label the administration's policies as "Socialist," when in fact, they're actually Marxist.

Posted by: Regis09 | May 24, 2009 5:33 PM | Report abuse

Tim Geithner was right to dismiss the GOP's accusation of socialism out of either ignorance or deliberate misrepresentation.

Posted by: TalkingHead1 | May 24, 2009 5:35 PM | Report abuse

Geithner is right...the whole republican party is "ridiculous."

Posted by: kubrickstan | May 24, 2009 5:40 PM | Report abuse

Regis09 just revealed that he is an idiot who does not know what the words 'socialist' and 'Marxist' mean. Ignorance that is really par for the course as far as the right wing goes.

Posted by: aardman | May 24, 2009 5:44 PM | Report abuse

aardman - perhaps what Regis should have stated is that obummer and his Dimocraps are FASCISTS. That seems to be more in line with the definition and his role models (Hitler, Mussolini, Chavez, ad nauseum).

Posted by: segeny | May 24, 2009 5:57 PM | Report abuse

If the Democrats are to be called the "Democrat Socialist Party," then in all fairness (and with somewhat greater accuracy), the Republicans should henceforth be known as the "National Socialist Party."

Posted by: harleynunchuck | May 24, 2009 5:59 PM | Report abuse

Let's see little Timmy Tax Cheat "admits private investors are worried about investing in new government-backed commercial mortgage securities" and "Private investors have expressed interest in the program". Little Timmy Tax Cheat is talking out of both sides of his mouth.

Little Timmy Tax Cheat also says that the government is going to get out of "engagement" in "these areas" as "quickly as we can". Right - that's why they're loading all these rules onto banks that want to repay the money and get out from under the dead hand of Little Timmy Tax Cheat.

Obama wants to rule the world through the e-co-no-mee. In the real world that's called socialism. In aardman's world, it's call covering for Obama and his little tax cheating cohort.

Posted by: bandmom22 | May 24, 2009 5:59 PM | Report abuse

I have great faith in Tim Geithner> He will go down as one of the great Treasury Secretaries as he was handed the worst of all scenarios. Go Tim. We wish you the very best!
And I hope I run into one early morning jogging to congratulate you personally!!

Posted by: cjburke2 | May 24, 2009 6:03 PM | Report abuse

He's right. It more like Fascism's "third way."

Posted by: amazd | May 24, 2009 6:05 PM | Report abuse

When I come across those attempting to pin "socialist", "fascist", etc. on Obama, I immediately discount their opinions. I've recognized that most using the term have absolutely no idea what it means, they're simply parroting talking points. Their comments are fuel by ignorance and anger - not intelligence. It's just more rovian tactics applied to those too lazy or incapable of doing their own research.

Posted by: houston_progressive | May 24, 2009 6:10 PM | Report abuse

Socialism? Marxism? Fascism? This is the best the Republicans can do? This is their idea of better messaging?

Pathetic beyond all belief. The fall of the GOP has become a grinding, sordid affair.

Posted by: PutDownTheKoolaid | May 24, 2009 6:11 PM | Report abuse

Actually, it isn't even worth taking the time to comment on the GOP's "socialism" remarks. They just show how bankrupt the Republican Party is since all they can do is throw out ridiculous remarks instead of developing new ideas.

Posted by: mehrenst1 | May 24, 2009 6:16 PM | Report abuse

Some of these comments, as our so-called national "debate" on the issue, are so funny. How did we get to this point, that every ideology we don't like is equated with either Fascism or Marxism, or a leader who we don't like is likened to Hitler?

Possibly the worst thing that happened to America during the Bush years, even worse than the wars, the torture, the loss of civil liberties, was the loss of a sense of nuance. Now, nuance and context are considered a sign of weakness or treachery. That's too bad, and does not bode well for our nation.

Posted by: yanqui26 | May 24, 2009 6:19 PM | Report abuse

so⋅cial⋅ism  /ˈsoʊʃəˌlɪzəm/ Show Spelled Pronunciation [soh-shuh-liz-uhm] Show IPA
–noun 1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

Let's see, Geithner and Obama have taken over the banking system. They've taken over the automobile system. Obama wants to be able to control salaries of people who haven't received a penny of government bailout. They are dictating what kind of cars we can build under the "new" plan. They are dead set on having government control of the health care system, which amounts to 1/6th of the money in our economy. Tell me, what isn't socialist about the plan?

Hitler would have denied being a facist or an anti-semite. Does that mean it wasn't true?

The Post rose to prominance three decades ago with investigative reporting on Nixon and Watergate. However, when it comes to Obama, the Post is willing to go along and agree with everything that he says.

Unemployemnt continues to rise, you print an article on how the situation may be stablizing. We have run out of money, continue to spend like drunken sailors, threatening to destroy our dollar, and nothing is written about the fear of inflation. The POST is an accomplice.

Posted by: jimbo561 | May 24, 2009 6:20 PM | Report abuse

Of course Geitner is correct. First, we have socialized programs that most American's use. But, the real issue is that it is a boogey man that the right wants to use in demonizing anything Obama is trying to do so they use inflamatory language. I remember during the "teabagging" fiasco when a young man was decrying socialism and when asked what socialism was to him he couldn't answer. If most Americans lived as well as the Scandanavians do they would want socialism. They do have millionaires and up in these countries. I live in the retirement area of Palm Desert, CA and believe me the Canadians that come down during winter rush back to Canada to avail themselves of the socialized health system we condem as well as getting their social security packages. The Scandanavians are not breaking down our doors to get in and take advantage of us. They like it there.

Posted by: Fremon | May 24, 2009 6:27 PM | Report abuse

There is one really frightening things about these moronic characterizations of "socialism," "Marxism," "fascism" for the slightly right of center mainstream capitalist policies pursed by the Obama Administration. That is, the Republicans could actually take power at some point, when it seems clear that their base and much of their political apparatus has been taken over by dangerous fools. There is simply no contrast with the Democrats--fringe, stupid ideas are somewhat mainstream in the Republican leadership now, rather than confined to the fringes as they are with the Democrats.

Posted by: macheath | May 24, 2009 6:30 PM | Report abuse

If you starve a capitalist system of capital, then socialism is inevitable. If you turn off the great job creation ability of our system, the government will resort to make work jobs which is the beginnings of socialism.

The current times have never more called upon the President to forgo social spending in favor of job creation in the private sector. You cannot damn the torpedoes, full speed ahead on social spending with a near depression economy. This economy has now been in recession for six quarters.

Social spending can only occur with a good economy. In fact, in a good economy the costs will be less for the social spending.

Posted by: hz9604 | May 24, 2009 6:35 PM | Report abuse

But please, oh please, jimbo, tell me just one way in which Barack Obama resembles Adolf Hitler in thought, action, or policy.

And anyway, this intense emotion about a mixed economy, yes, with some hallmarks of socialism. Why? I know a lot of Canadians, a lot of French, British, others. Nowhere else is there this odd aversion to what has become synonymous with good governance in just about the entire rest of the world.

The recent yet age-old lesson which some are loathe to admit is that bad things happen when the economy is driven purely by market interest. Is it better to have your insurance company in charge of your medical care as we have now? It has made our medical system nearly dead last amongst those of the industrialized nations.

Posted by: yanqui26 | May 24, 2009 6:35 PM | Report abuse

Name one thing in your life that's not controlled by Government.


.
..
...

I'm waiting.

I'd swear Republicans are living in the Matrix.

Posted by: langs13 | May 24, 2009 6:41 PM | Report abuse

Geithner is nothing more than a warmed over Paulsen, they are both owned by Wall Street. The only difference is that Paulsen was more blatant in his support of Wall Street and Geithner looks more like a Vulcan.

Posted by: OutForJustice | May 24, 2009 6:44 PM | Report abuse

If it walks like a duck,quacks like a duck.........

Posted by: Jimbo77 | May 24, 2009 6:46 PM | Report abuse

Marx was all about the owners of natural resources and the means of production lording it over the proletariat. His solution was for the state to take possession of natural resources and the means of production and, therefore, to institute what has erroneously been termed a "worker's paradise." Actually, if you were a tyrant and sociopath like Stalin, it was a paradise. For everybody else it was a police state where the gulag awaited anyone who disagreed in a counter-revolutionary way. I don't see Democrats championing that kind of thing here in the great United States of America. What we've had here, until recently, was a representative democracy in which entrepreneurs were free to pursue their dreams. Well, wouldn't you know it. The entrepreneurs ran out of ideas and were pressed to produce quarterly earnings increases, which they achieved by shifting work offshore, by shifting profits into foreign tax havens, and, some of them, by producing profits from thin air. The U.S. Government is trying to stabilize the economy by investing heavily in failed banks, brokerages, and insurance companies. This is compensatory action that would not have been necessary had government not been seduced by business-owned lobbyist groups that insisted self-monitoring would work. It didn't. Once the current masters of the universe have retired, the U.S. Government will sell its shares of the failed businesses to the public and we'll be back to a better status quo. Government exists to do for the public what the public cannot do for itself and no sane businessman would want to try to make a profit from.

Posted by: BlueTwo1 | May 24, 2009 6:47 PM | Report abuse

If anything Giethner's actions are the complete antithesis of socialism.

Everything that has been done has been done for the good of the capitalist banks and companies.

He is spending billions to bail out Chrysler and GM and then allowed them to close plants in the United States and move production overseas. He has abrogated union contracts.

He has wiped out the bond holders of Chrysler and GM, the majority of whom were pension funds, mutual funds, and individual investors. In short you and me.

He has wiped out holders of the GSEs preferred so he could take over the GSEs and use them as a political instrument to support banks, commercial real estate developers, and residential real estate developers. It is estimated that 80 percent of the preferred stock holders were individuals.

He stands by while banks are laying off over a hundred thousand employees.

He reduces the salaries of blue collar workers then refuses to renegotiate AIG's interest rate swaps.

He is wiping out the bank's preferred stock holders, a substantial portion of who are retirees so they can get out of their dividend payments. He is wiping out thousands of automobile franchises causing the loss of at least 30,000 jobs.

This man is a true capitalist and would feel right at home with the robber barons of the late 19th century.

Posted by: whistleblower1 | May 24, 2009 6:47 PM | Report abuse

Of course it's not socialism it's far more dangerous than that. This country is in grave danger with someone like Geithner heading the Treasury. He hasn't or can't tell us where the money is going. There's no transparancy there. Instead he is playing "demonize the Republican party" which is the latest Obama theme now that they have let up a bit on Palin. After all Obama is still a candidate (that's what he knows best since he hasn't got his handle on the President thing yet and maybe never will)and it is never too soon to demonize the opposition. The only ridiculous thing here is someone who doesn't know where the money is going or where it went telling us that is a good thing to invest in his securities.

Posted by: mlbduffy | May 24, 2009 6:49 PM | Report abuse

With regard to the first post. Fixing the housing market will fix the financial sector as the toxic assets would no longer be toxic. However, having the rich buy the foreclosures and homes in default completes the Corporate/Republican dream of transferring wealth from the working and middle class to the most affluent. Isn't this what it's all about. It would have cost much less to help homeowners in default as opposed to helping those who created the problem. Almost every dealing with banks now is nothing but "trick and trap".

Posted by: rthompson501 | May 24, 2009 6:56 PM | Report abuse

WOW! Look what crawled out from under the
Democrat Rock,why it's Obama Tax Cheater
Crook Sec of Treasury Tiny Timmy Geithner!
Hey Tiny Timmy shut up and crawl back under your rock and do pay all your taxes this year will you miserable little crook?

Posted by: sherrykay08 | May 24, 2009 6:56 PM | Report abuse

This is NOT, repeat, NOT MARXISM

Thanks ,

Karl Heinrich Marx

Posted by: Bhshore1 | May 24, 2009 6:58 PM | Report abuse

You commie GOP supporters just don't get it.

Vote Republican Get Communism.
Who'd of thunk it?

The Republican party has become the Communist Party.

Just more of Wall Street's welfare for the wealthy. It started with the Bush tax cuts, then became Bailouts for companies in Chapter 11 like Halliburton, and became companies going to Iraq to suck on the US Tax Teat at the expense of US soldiers getting the armor on their Humvees, and burdening US troops with overpaid incompetent and often foreign contractors; and then became GOP and the Bush/Paulson bailout plan. Bush's commie GOP gave a blank Cheque to all and sundry from Halliburton, KBR and Blackwater to AIG, Fanny and Freddie and the rest of Wall Street. Under the commie GOP, bailouts became common practice.

The commie GOP created the biggest increase in government spending in US history with 8 years of solid failure to balance the budget and 12.5 Trillion dollars of government Debt created by the Limbaugh sycophants's commie GOP.

Roves commie GOP has even tried to nationalise religion.

The commie GOP managed to keep loosing two wars despite US troops winning all the battles; most US Troops call the GOP FUBAR, REMF and DUMBSFELD.

The commie GOP's created a KGB style US Department of Torrture and then had the effrontery to hide traitors in the White House and allowed them to get away with outing a CIA NOC agent and her contacts. And then the commie NeoConMen even arranged for a presidential commutation of sentence for the person who hid who did it.

The commie GOP have left the economy in tatters with 12.5 Trillion Dollars of Debt. Massive foreclosures, unemployment, inflation, and business bankruptcy and gave the USA 140 Dollar oil.

Bush presided over the worst foreign policy period in US history, Chavez thumbed his nose at the USA, Iran ignored America, Russia became resurgent and back to its old tricks, China owns US business and Bush had to Kow Tow or get his loans pulled, much of the rest of the world disliked US foreign policy. The Arab Sovereign Wealth Funds of people like the Bin Laden family bought up US businesses like there was no tomorrow under the GOP.

The Republican Party ain't Conservative any more; time somebody dug a hole and buried its stinking slimy commie corpse!

With its America hating attitude; is it any wonder US voters no longer support Limbaugh's commie GOP?

Posted by: walker1 | May 24, 2009 7:04 PM | Report abuse

This is all the Republicans have?

Wow! Try selling that in 2010.

McCarthyism redux.

Posted by: ORNOT | May 24, 2009 7:04 PM | Report abuse

So the government plans to get out of the automobile business "as quickly as it can"? Well, the government is directing strategy for the industry, hiring & firing management, determining executive compensation, financing operations, and dictating what cars must be built. More and more it appears that the government owns the country's auto industry and will not likely be be able to get out of that business any time soon, if ever.

Posted by: bubba31138 | May 24, 2009 7:04 PM | Report abuse

Reagan is dead, his policies may live on, but we are working on them.

Posted by: snafu08 | May 24, 2009 7:10 PM | Report abuse

Attention GOP idiots.
I am a Marxist theoretician and have been following the American debate closely (I'm an Aussie).
I'm sorry to be the one to bring you the bad news but America is already a democratic socialist state (if you want to consider the actual definition of the word which I do realise is an option that appears novel to the average American).
America is not a Marxist country as this implies that the state owns all property which is patently ludicrous. Remember that if you add up the assets of the richest 1000 Americans it adds up to about half the capital value OF THE ENTIRE WORLD.
Democratic socialist states that employ a capitalist model (like America and every other developed Western Nation) intervene in the capital markets to ensure that democratic capital is not entirely monopolised by the owners of capital.

When will the American populace learn to speak english like the rest of the world?

Posted by: jamesmmoylan | May 24, 2009 7:17 PM | Report abuse

Interesting that a lot of people posting here are referring back to the 1930's for perspective. The funny thing is, the same problems existed then, and the same arguments that were used then are being used now.

New Deal reformers in the 1930's were called 'Bolsheviks' and 'Socialists' by those opposed to government programs designed to help the little guy throw off the yoke of banks and big business.

Corporate America threw all the money they had at lobbying Congress against passing the Securities Exchange Acts of 1933 and 1934. John Foster Dulles argued corporate America's case before the Interstate Commerce Committee. Senator Sam Rayburn of Texas, the chairman of that committee and a man who could not be bought, shut him down and sent Dulles out of that committee with his tail between his legs.

When we deregulated in the 1990's, Wall Street melted down in an unbridled orgy of greed, regardless to the consequences to the rest of us.

Utility companies in the 1930's were private, and refused to supply power to rural America, because it wasn't cost-effective. So the government under FDR was forced to step in and take them over, and now everyone has electricity thanks to public utility companies. Had the government not stepped in, large swaths of America could still have been without electrical power during World War Two! Can you imagine the trouble we would have had sustaining our war effort in that circumstance?

Banks and big business were killing the farmer in America back then, until FDR's reforms forced banks to re-negotiate mortgages under a more fair system. We now see that banks have more power over Congress now than they did then because a proposal to give bankruptcy judges the power to re-adjust mortgages in bankruptcy was just killed in committee thanks to the banking lobby.

These are just a few examples of how government reform was necessary back then, as it is now. There's nothing 'free' about a de-regulated 'free market.' Money is power, and the little guy suffers the most at the expense of those with the most money. This had always been true until FDR.

If being in favor of reforming this economy by regulation and government control of corporate excess makes us Bolsheviks or a Socialists, feel free to label us how you want to. But we stand behind any effort to take power out of the hands of the corrupt lobbyists corporate America who are trying to buy off Congress to enforce their exploitative policies. We need another Sam Rayburn in Congress. The question is: who will stand up for us now?

Posted by: wigbat | May 24, 2009 7:19 PM | Report abuse

Geithner fails to acknowledge the "mess" Obama inherited had Geithner`s participation,support and endorsement all over it.He was supposed to be THE linchpin in the Bush/Paulson trio who crafted the first Stimulus bill that was raced through Congress.His position at the NY Fed never isolated him from the bad decisions of major area banks that required bailouts.Geithner is a devious character who is a survivor and opportunist.The good news is that Obama will throw him under the bus before year end since there is minimum probability that the billions poured into the Stimulus will pay off soon and Obama will never take the fall when he can dump his Treasury Secretary.

Posted by: bowspray | May 24, 2009 7:19 PM | Report abuse

Darn Socialist Obama implementing Marxist-Kenyan policies so that we will become a Fascist Islamic Corporatocracy.

Posted by: margartucson | May 24, 2009 7:21 PM | Report abuse

The Party of the Democrats is in fact a socialist party and Geithner's denial is both hollow and meaningless. As the old saying goes -- if it walks like a duck . . .

Posted by: rplat | May 24, 2009 7:29 PM | Report abuse

The Republicans call the Obama Administration Socialist.
Why?
Universal Health Care
Spending on neglected Infrastructure
Increased Provision for Social Security
Proper Oversight Regulation on the Market.

All provisions that exist or agreed to in Europe.
Germany and France have Conservative Right wing governments
They agree to this.
However to Republicans they are European therefore these policies are Socialist. This is part of the problem for the GOP ignore what happens overseas. If you can't ignore it call it socialist. If the Democrats have some good ideas that are from, or mirror those overseas they must be Socialist.

Tim Geithner is right the GOP charges are ridiculous.

Posted by: guytaur1 | May 24, 2009 7:35 PM | Report abuse

During the past few months, the Republican Party has been attempting to convince the American public that Obama and the Democratic Party have a master plan to convert our nation into a "socialist state". The GOP's labeling of Obama as a socialist had absolutely nothing to do with presenting a rational criticism for debate. It was solely intended to stir up fear and hatred among the masses. McCarthy would have been proud.

The "socialist" moniker was only the latest in a string of disingenuous, fear-mongering labels that the GOP has attributed to Obama ever since he won the party nomination last year. First he was called an "elitist" and a "celebrity". When that fell flat, they moved on to calling him a "Muslim", drawing attention to his middle name. When the public showed their distaste for that attempt, they began calling Obama a "terrorist-sympathizer". Most recently, he has been called "Marxist", "Communist", "Fascist", and of course, "Socialist".

The GOP has NO new ideas about how to improve the economy or our relations with foreign powers, so instead they rely on juvenile name-calling. It contributed to their huge losses in the 2008 election, and it will cost them again in 2010 if they don't change their tone and begin a mature, positive, rational, and intellectual conversation with the American people.

Posted by: labman57 | May 24, 2009 7:36 PM | Report abuse

ABOUT AS REDICULOUS AS COMPARING YOU WITH A TAX CHEAT?

Posted by: 12thgenamerican | May 24, 2009 7:46 PM | Report abuse

the obvious question is where were all these nuts crying socialism while bush was pushing prescription drug plans and bailing out wall street and AIG over the last 8 years??? their cries ring very hollow and are very clearly partisan posturing. luckily their numbers are shrinking and the farther right they go the farther they will get from the possibility of winning national elections again.

Posted by: realthinker | May 24, 2009 7:49 PM | Report abuse

Q. When will the American populace learn to speak english like the rest of the world?

A. As soon as the Aussies do.

BB

Posted by: FairlingtonBlade | May 24, 2009 7:51 PM | Report abuse

Let's get serious for a moment. Both parties, all parties, want prosperity for all to the maximum extent possible. Both Dems and Repubs have done admirable jobs at this during the past, the Repubs doing good for mainly the upper class and Dems doing good more evenly distributed. Still, with both, between 15-30% of the lower classes have not faired well -- for various reasons. From 2001 to 2008 the Repubs showed what a total and complete disaster their policies were; i.e., most everyone suffered at the end. Now lets give the Dems a chance to bring balance to the equation. The Repubs may find their way again and if they do, they'll get another chance someday - to screw it up again.

Posted by: ghp60 | May 24, 2009 7:55 PM | Report abuse

i am truly shocked at how quickly the right wing has advanced from comparing obama to: 1st carter, then marx, ...and then they have just barreled right on to: HITLER.
think about that: barely over 100 days into his administration they are comparing him to the worst tyrannical despot of the last 250 years. a true monster that slaughtered over 6 million of his own citizens. are they for real?
and the question i have is: where do you go from HITLER? the only thing worse i would think is satan himself. i know it sounds crazy, but i do predict that in the next 6 months, you will hear one of the supposedly 'mainstream' right wing talk radio shmucks soberly posit that obama is satan on earth. why wouldnt they go there? they have so quickly gone to hitler, and again, where do you go from HITLER?? it really is astonishing.

Posted by: realthinker | May 24, 2009 7:57 PM | Report abuse

Labeling someone a Socialist is
the ploy of an desperate, unscrupulous politician who should be challenged to say what he means by a Socialist.
Is a Socialist someone who wants to protect working men and women,
who wants healthcare for all, who wants to see people not lose their homes, etc…
At least this would be a place to
start the dialogue.
howtowritecomedy.com

Posted by: OldWriter1 | May 24, 2009 8:03 PM | Report abuse

Capitalism tends to sink the masses in poverty and degradation while exalting a very few to unfathomable wealth. The plutocracy (having also a much larger controlling stake in government, if government is not wholly owned by these elites) operates as a combination of pyramid scheme and ponzi scheme in grinding upon the face of the poor to enrich itself; it has reached a level of racketeering and loan sharking that far supersedes the Mafia, and now they are going after the middle class with mass layoffs, intent on driving even those of us with solid education into the ground also.

With an unprecedented gap between the rich and poor right now, and no signs of reversing the unbounded greed of the plutocracy, there really is no hope left for this nation. It is on the sure path to destruction many empires have already faced. If ever we should be sympathetic toward the poor, it is now, when the vast majority of us is also one paycheck away from a similar demise.

Clearly, capitalism has proven to be an utter failure in the same way communism did.

Posted by: bastanow | May 24, 2009 8:06 PM | Report abuse

So - if the Democrats actually try to actually 'fix' the incredible mess we're in - they're called socialists.

So, what should they do? Nothing... and let the economy rot away from the inside? -Oh, wait. Then they'd be called Republicans.

Pathetic, carping Republicans.

Posted by: ethaninseattle | May 24, 2009 8:12 PM | Report abuse

Typical wingnuttery. Jumping up and down and calling people silly names.

Thank God the adults are back in charge.

Posted by: MorganaLeFay | May 24, 2009 8:19 PM | Report abuse

The poor Republicans. They have no new ideas so they pass resolutions calling their opponents socialists. That really helps get us out of the mess eight years of Bush and Cheney caused. It creates employment, provides health care, helps people keep their houses, and helps restore the retirement the GOP's rich friends stole from working people. It helps solve the mess in Afghanistan. I think name calling will solve all our problems.

Posted by: tinyjab40 | May 24, 2009 8:24 PM | Report abuse

"Well, the government is directing strategy for the industry, hiring & firing management, determining executive compensation, financing operations, and dictating what cars must be built."

Since US taxpayers have invested in the auto industry to the tune of billions in bailout money, I am glad the government is being duly diligent in protecting our investment.

Posted by: victorialamb2002 | May 24, 2009 8:24 PM | Report abuse

"The Party of the Democrats is in fact a socialist party and Geithner's denial is both hollow and meaningless. As the old saying goes -- if it walks like a duck . . ."

Have you ever actually SEEN a duck. From your remarks, I have to assume not.

Posted by: victorialamb2002 | May 24, 2009 8:27 PM | Report abuse

Socialism is government ownership of and running of critical infrastructure. The closests things we have in the US to that are social security, Medicare and Medicaid, and Veterans health care system. Amtrack is sort of a hybrid. Nothing else is really even remotely close. Using the power of the government to aid private enterprise is not laissez faire capitalism, but it is not socialism either. All those laissez faire advocates are always coming hat in hand when their own business tanks. All those libertaritards out there don't think beyond the next ten minutes if they think anyone would be better off under what they propose.

The funny thing is the label "socialist" shows how out of touch the republicons really are. That is a COld War era smear that menas next to nothing to anyone under the age of 30. Most young people today look at things like single payer socialized medicine and wonder why we don't have it, and what in God's name is wrong with it. It is like caling someone a Luddite, or a Syndicalist. No one today knows what that means.

Posted by: John1263 | May 24, 2009 8:36 PM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose tits Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose tits Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 24, 2009 8:37 PM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose tits Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose tits Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 24, 2009 8:39 PM | Report abuse

After the Obama adm. announced it's plans for the banks the stock market went up. As we all know Wall Street is a breeding ground for Trotskyites. The truth is this is neither "socialism" or "fascism". It's becoming more of an oligarchy. A ruling class that gets what it wants no matter what devastation it causes to society as whole. We are not going back to a pre-September '08 world that is a different time. We are in this mess because of the reckless speculation and criminality of this ruling class, aided by the Republican AND Democratic parties, as well as the trade unions. None of the solutions either party offers will work because both parties take as their starting points the defense of the wealth and priviliges of this ruling class. Their differences are merely tactical. Republicans embrace an unapologetic plutocracy, while Democrats pretend to defend working people against this onslaught to block any independent action by working people to defend their livelihoods. As workers, both in the U.S. and internationally, become more radicalized they will come into direct confrontaion with their elites. The police state apparatus developed under the Bush adm. for the "War on Terror" will be turned on the working people. Mark my words. Ordinary Americans that become bothersome for these elites will be labeled terrorists. And as nations rush to shore the position of their elites the chance of another world war increases. We are entering a time of great political upheavals. This is the epoch we are entering into.

Posted by: sig99us | May 24, 2009 8:44 PM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose tits Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose tits Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 24, 2009 8:45 PM | Report abuse

When the Republican party stands up and tries to abolish social security or medicare we can start believing their socialist smear lies. Don t everyone hold their breath on this one. They are the obstructionist party of NO bird men from the south and soon will be oblivious in our national discord. Someday in the future far far away they will realize that diversity is a strength not a weakness and that a pup tent can only hold Dick Cheney and Rush Limbaugh if they both go on diets. President Obama is a man of intellect and integrity fighting what is left of these charlatans who put our nations kids in harms way for a lie. Obamanos!

Posted by: pedraza1 | May 24, 2009 8:47 PM | Report abuse

I'm waiting with baited breath:
For Regis09 to explain why the policies are "Marxist" rather than "socialist" and for TalkingHead1 to tell us about his credentials, experience, or whatever to convince us he has the competency to say Geithner acted out of "ignorance", meaning TalkingHead1 has at least Geithner's capability.
Please, show us you're something of significance.

Posted by: wjholloway | May 24, 2009 8:48 PM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose breasts Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose breasts Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 24, 2009 8:49 PM | Report abuse

What a total jerk -- he wants us to believe that this isn't creeping Marxism?
Here's the quote, from a REAL source: "The American people will never knowingly adopt socialism, but under the name of liberalism they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened."
So said Norman Thomas/American socialist in 1944. He went on to say: "I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform."

Posted by: frost1 | May 24, 2009 8:57 PM | Report abuse

If it looks like a duck, walks like a duck but then government which looks and feels like the government of Venezuela is not socialist but rather totalitarian.

Posted by: nyokie | May 24, 2009 9:03 PM | Report abuse

Geithner says the GOP claims of "socialism" are "ridiculous". What's ridiculous is a Secretary of the Treasury who can't figure out how and when to pay his taxes. End of story.

Posted by: ddnfla | May 24, 2009 9:11 PM | Report abuse

Geither is absolutely right. Our financial policy is determined by Wall Street, which has taken over Treasury and the Congressional committees on banking and finance (the famous Iron Triangle). What is frightening about this Administration is that the President seems not even to hear the views of anyone but Summers (he certainly has no countervailing voices and even Volcker complains he is not consulted), that the public is extremely (and I think correctly) anti-bank, and that the public has been told that recession is about over. If it is not, Obama has set up a truly explosive situation for himself and the nation.

Posted by: jhough1 | May 24, 2009 9:13 PM | Report abuse

Geither is absolutely right. Our financial policy is determined by Wall Street, which has taken over Treasury and the Congressional committees on banking and finance (the famous Iron Triangle). What is frightening about this Administration is that the President seems not even to hear the views of anyone but Summers (he certainly has no countervailing voices and even Volcker complains he is not consulted), that the public is extremely (and I think correctly) anti-bank, and that the public has been told that recession is about over. If it is not, Obama has set up a truly explosive situation for himself and the nation.

Posted by: jhough1 | May 24, 2009 9:14 PM | Report abuse

'Treasury chief says equating Democratic policies with socialism is "ridiculous."'

The number of Americans who think that socialism is the same as communism is truly amazing.
If the above statement had read,
'Treasury chief says equating Democratic policies with communism is "ridiculous."' I would have understood his objection.
Socialism is not intrinsically bad. Just think for three seconds about what the word even means: The meaning is connected to "society", a thing we all have and want.
Communism, on the other hand, is socialism gone bad, possessing a corruption and decadence identical to our own American version. The word is supposed to signify a belief in brotherly sharing of communal wealth - a truly Christian concept - except that the Communists abhor Christianity, and the last thing their leadership wants is brotherly sharing.

Do we see the bad guy here?
Yup, it's the leader, not the people.
Sound familiar?
Yup, like the last eight years.

Posted by: wardropper | May 24, 2009 9:14 PM | Report abuse

Timmy's statement is as true as his tax returns.

If you think this isn't socialism, ask a senior citizen who bought bonds in Chrysler and/or GM. They (we) accepted low interest rates in return for priority. Untaxed Timmy and The One took the money from the bondholders, and gave it to UAW members - who usually vote Democratic.

What it amounts to is that the country is being run by the only President of the Harvard Law Review to never write an article, and a guy who's not qualified to run the H&R Block booth in a Wal-Mart.

Posted by: sampjack | May 24, 2009 9:32 PM | Report abuse

"I'm waiting with baited breath"

I think you mean "bated" breath.

Posted by: victorialamb2002 | May 24, 2009 9:32 PM | Report abuse

Oh come on,so who in their right mind would
trust anything this Obama tsx cheater crook
Sec of Treasury Turbo Tax Timmy Geithner
says about anything? I sure don't and never
will and come Election Days 2010 and 2012
that is when I will show Liar in Chief Fake
Messiah from Kenya Barack Hussein Obama and
all his dishonest,crooked,corrupt tax cheater and incompetent Democrats what this
Independent thinks of them and the Democrat
Party Of Corruption.

Posted by: Sue122583 | May 24, 2009 9:38 PM | Report abuse

Giving the taxpayer's money away only to the rich people is socialism?

Posted by: holocaustgaza | May 24, 2009 9:49 PM | Report abuse

I'm wondering where all the people calling the Democrats "socialists", "Marxists" "Fascists" and "Totalitarian" went to school? Hillbilly High? Do these people have any idea how silly these accusations make Americans look overseas?

I will respect the Republican right to make these accusations when and only when the Republican party puts into its platform a complete ban on corporate welfare, on taxpayer funded lavish no bid contracts to build showers that electrocute our soldiers in Iraq, on firms that charge the governmentn $800 per hammer or charge to run empty convoys to Baghdad or transport ice to the Green Zone.

Posted by: realadult | May 24, 2009 9:56 PM | Report abuse

My friend Vladimir laughed at this and told me the US has had socialism since the 1930's. According to him, what's different about today's Democrats is that, in contrast to FDR, they're pursuing the Soviet model.

Posted by: HassanAliAl-Hadoodi | May 24, 2009 10:06 PM | Report abuse

The GOP has to operate on very simple principles...none of which have to even be remotely true. Be Simple is the GOP key to energizing itas base...pro-American, anti-America, "pals around with terrorists,' letting Al Qaeda win, Hussein Obama, baby-killers, less government, lower taxes, freedom from government tyranny, global warming is a liberal plot.
These are the concepts the Republican's leaders use to mobilize its base.
They stand for nothing that stands on its own. It's all a game of capture the flag.

Posted by: jmf3210 | May 24, 2009 10:07 PM | Report abuse

Actually, the Democratic economic policies are not so much marxist/socialist, but rather fascist. Economic Fascism being defined thusly as: "Private economic enterprise under centralized governmental control." (Webster's New World College Dictionary, 2005).

Posted by: skipperdawg89 | May 24, 2009 10:11 PM | Report abuse

I can't believe that anyone with more than a 10th grade education would call this administration "socialist." Obviously, they don't know the definition of the word and, if they do, they must know that the charge is bogus and are just being "dittoheads" for the Rush crowd.

Posted by: diogeron | May 24, 2009 10:18 PM | Report abuse


Here is what the Socialist Worker says:


"In its leading personnel, the Obama administration has drawn on the same social layers represented in the Bush administration, particularly those sections of the financial elite most closely tied to the speculative mania on Wall Street. It has gone so far as to retain individuals directly implicated in the financial collapse, like Timothy Geithner, head of the New York Federal Reserve Bank and a key figure in the failed bailouts last year under the Bush administration, now Obama’s treasury secretary.

While enjoying the support of a significant section of American billionaires—Warren Buffett, George Soros, the Pritzker and Crown families of Chicago, and many others—Obama adopted a populist standpoint during the Democratic primary campaign and then the general election, making use of his multicultural background to suggest that he would be responsive to the needs of the working class, young people and oppressed minority groups.

It is noteworthy however that Obama has not brought into high office a single person who could be credibly presented as a representative of popular discontent. His cabinet is drawn entirely from the political establishment.


The Obama administration constitutes an effort, on the part of key sections of the ruling class, shaken by the failures of the Bush administration and the financial debacle, to delude the American people with vague rhetoric while the most intense efforts are made to safeguard the position of the financial oligarchy, both at home and abroad.


The Obama administration demonstrates the impossibility of effecting any significant change within the existing political institutions and the two-party system. These are wholly dominated by two forces: the military-intelligence apparatus and big financial interests."


SEE Patrick Martin http://www.wsws.org/articles/2009/feb2009/pers-f23.shtml


Posted by: atmanman | May 24, 2009 10:27 PM | Report abuse

Suggestion: Restore the tax breaks for 2nd homes/vacation homes and that alone will encourage folks that can, to buy houses...

The "first time home buyer" program is not fair to the folks that have owned a home before and are able to now purchase another! Once the home prices stabilize then the Mortgage Co. will not be able to hold the American population hostage like they are now doing!

We need to get the mortgage problem solved and the way to do it is to give ANYONE that buys a home a tax credit!

Posted by: CaptD | May 24, 2009 10:31 PM | Report abuse

Many who blog here think that the problem is either singular in nature or easy to fix. Wouldn't it be nice if the real estate market is the only problem? Unfortunately, eight years of total incompetence has yielded more than just a single problem with a single solution.

Just the issue of closing Gitmo shows just how troubling our situation really is. I agree with both Gen. Powell and Pres. Obama. Others just do not get it. To think that Bush entered office under the motto of "compassionate conservatism." (Perhaps some people remember this slogan.) Personally, I do not care for his brand of compassionate conservatism.

You can look at the greed that permeates out society and see the systemic problem. From get-rich-quick schemes involving real estate sales to the lottery, too many Americans have turned to gimmicks to get rich rather than doing it the "old fashioned way" of earning it. I have been blessed. I'll never be super wealthy. However, prudent investments have allowed the recent troubles on Wall Street to only affect a portion of my retirement savings. Even though I do not need government assistance, I realize that the government must do something to put its ship back on course. We just may have to "fight fire with fire." We certainly need everyone doing what they can to help. We do not need a group of unhappy losers trying to sink the country. What ever happened to sportsmanlike conduct? What ever happened to the Golden Rule?

Personally, I do not know how people like Dick Cheney can go to sleep at night knowing that he has raided the US Treasury through his buddies at Halliburton. Cheney has had his hand in every pocket in America. Think about it.

If we have socialism, it is owned and operated by the fat cats in corporate America. I have not noticed that those below the poverty line in America have really benefitted from anything. They cannot even get a modest increase in the minimum wage.

Posted by: EarlC | May 24, 2009 10:49 PM | Report abuse

Back during the administration of George
Herbert Walker Bush, there was a Savings and Loan crisis and the government took over 745 S&L's. Did any of these republofools who are screaming SOCIALISM, say one stinking word about those 745 S&L's. No.
Does that mean that its nothing but partisan, hysterical, blather? Yes.

Posted by: bokannon | May 24, 2009 11:03 PM | Report abuse

"Actually, the Democratic economic policies are not so much marxist/socialist, but rather fascist. Economic Fascism being defined thusly as: "Private economic enterprise under centralized governmental control." (Webster's New World College Dictionary, 2005)."
Posted by: skipperdawg89 | May 24, 2009 10:11 PM
==
Let's see:
This here's a good'un.
3 loaded labels: marxist, socialist, fascist.
It's good these posters don't realize how bigoted and intellectually ignorant they reveal themselves to be flinging around these epithets.
That way, they lay them right out in the open for all to see how little they know about life, economics, politics and the issues that impact our lives.
That way, too, they signal that no one need take them seriously because they don't have a clue what they're talking about.
They're just spitting in the wind.

Posted by: Judy-in-TX | May 24, 2009 11:05 PM | Report abuse

I agree that both parties are fascist. As Mussolini said,"“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power” If you go to any political convention republican or democrat the same lobbyists are there helping corporate America shape the direction of this correction. We will never find real constitutional change within the two party system as they are controlled by the same corporate forces within our country. People need to recognize the parties are one in the same or Republicrats and Demopublicans.

Posted by: afoguth | May 24, 2009 11:09 PM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose breasts Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose breasts Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 25, 2009 12:15 AM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose breasts Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose breasts Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 25, 2009 12:17 AM | Report abuse

I was wondering why the Republican Party was not criticizing Geithner; is it because they totally agree with his followng an agenda dictated surreptitiously by the Federal Reserve Bank whose breasts Geithner has been nurtured from since puberty?

Now the Rebuplicans are using a lttle reverse phsycology, "If they criticise Geithner than the dumber Democrats would support Geithner since the Republicans pretend to be anti-Geithner."

Whistleblower has the right answer to this phoney Republican charge that Geithner is favoring the banks is an agenda for socialism. This is an oxymoronic accusation coming from an oxymoronic defunct Republican Party that claims it is the party of a fiscally responsible Constitutionalist Party.

How come no one points the finger at the real culprit of these bank Bailouts which happen to be favoring only the 12 member banks of the Federal Reserve Sysrtem that has finally got its disciples installed in every branch of the financial system with the exception of Chairwoman of the powerful Federal Deposit Insurance Corperation (FDIC) Sheila Bair, who Geithner criticized as "She's not a team player". Sheila Bair was the only Obama innercircle financial advisor who disagreed with Bailing out the failed banks.

Geithner is the child prodigee' of the Federal Reserve System
whose breasts Geithner is still stuck sucking from?

For understanding what Bailout is all about read, BAILOUT' by Irving H. Sprague.

Posted by: jlanzaVULTURE | May 25, 2009 12:18 AM | Report abuse

I love how republicans hurl words like "socialism" and "marxism" while demonstrating they actually know nothing of what they mean or why they're bad.

A totally socialistic society is not right for the US. But, we've moved so far to the right economically speaking that we're guaranteed the economic instability that we're seeing fall apart now. Some central planning might be a good thing until we regain our senses. The orgy of deregulation must be stopped.

Posted by: waterwarior84 | May 25, 2009 1:27 AM | Report abuse

If that is the way you all want it, so be it.
The Democrat Socialist Party or The Republican Fascist Party.
Makes me happy to be a Dem.

Posted by: WDRussell | May 25, 2009 9:34 AM | Report abuse

Stalin said he wasn't a Marxist too!

I supposed Tax cheat Timmy should be trusted? What a liar!

Once a cheat and liar always a cheat and liar!

Posted by: Obama_THE_Liar_in_Chief | May 25, 2009 1:16 PM | Report abuse

You can call me a
NATIONAL SOCIALIST DEMOCRAT.
Call me ANYTHING YOU WANT.

But don't you DARE call me a republican.

Posted by: Tomcat3 | May 25, 2009 3:19 PM | Report abuse

Rpubs fancy themselves as capitalists. B.S.. They are self deluded socialists of the worst kind, their socialism has to benefit the least people and non living corporate entities who are the least needy and least deserving. The cost of this defrayed across every American, hence the 1000% increase of public debt since 1980.

I would not mind them calling themselves capitalists, if they did not break capitalism every chance they get.

The once principled, once great GOP, nothing more than a rump party.

A noun, A verb, and hysterical shrieks of SOCIALISM!!!!!

Posted by: NextRepublicanMajorityin2060See1932-1982 | May 25, 2009 7:49 PM | Report abuse

I am enjoying watching the Republican Party continue the dumb name calling and labels. They apply disparaging words to Dems without even knowing what they mean. The word "facsism" (corporate control of government) actually does apply to the GOP since "W" took office given he only represented business interests at the expense of the nation. The silly GOP -- how will they entertain us next as if they had any good in them? Rush is not an "entertainer", he's a partisan propagandist. The Republican Party has one secret over-riding principle: do all kinds of evil for the love of money.

Posted by: owens1 | May 26, 2009 1:23 PM | Report abuse

I think it is so hilarious that the GOP continually spits out propaganda that Obama is "socialist" or "marxist" and on the verge of destroying America. Especially humorous is them comparing him to Hitler, Stalin, etc.

The GOP know better -but the people that they influence are uneducated and fail to realize that the same "fear" propaganda is what Hitler and Stalin and all the "evil" rulers of the world used to get people behind them. For Hitler it was fear that the jews were going to change the Anglo way of life, and propaganda constantly portraying them as cheaters, liers, untrustworthy, bullies, or just less than human. The propoganda worked for Hitler - most of the God fearing good people of Germany fell right into their trap.

See any parallels?

The GOP is a propaganda machine that especially loves to manipulate Christians and the anglo-saxon "moral" majority into believing that they are standing for "conservative" values and less government - when in actuality - they are promoting their agenda to help the rich become richer and the poor become more and more accepting of the fact that they are being trampled on.

Hitler didn't want people to be educated and was "suspicious" of anyone that was of high intelligence that put out historical data and actual facts.

Republicans do the same thing. Anyone that reports on actual data and historical fact must be "liberal media".

Please, people -educate yourself and don't fall for this! If you are truly a conservative -you should be completely behind the Democratic party 100%. Forget the GOP's insistance that the issues of abortion, gay marriage, etc. put you on their side. This isn't true. They are using you!

Wake up aardman and bandmom. I'm sure you have good intentions - but you really need to educate yourself -get both sides of the story and learn to think for yourselves.

Posted by: tgialmostjanuary | May 26, 2009 4:42 PM | Report abuse

Anyone who calls Geithner's polices "Socialist" or "Marxist" needs to take a history class. Actually, if Republicans really understood what Geithner was doing, they'd jump up and down for joy. Their protests show how little they understand the words they use. It does help in a democracy if most of the citizens had a working definition of the words they fling about in public debates. Geithner is pushing through very pro-business policies, consolidating what already existed: a corporatist state. Isn't this what Republicans have always wanted? Isn't that what the aim behind the "free market" ideology?

Posted by: NJUT | May 26, 2009 5:07 PM | Report abuse

The ignorance quotient of the GOP sheeple is very high - and the GOP leaders like them that way. They don't want them to understand 'big' words like "marxism" and "socialism". The leaders want to attach a feeling to a codeword and then throw that codeword at anything they don't want their followers to approve of or like and so feeling attached to the codeword is evoked.

Propaganda 101,folks. Decades old, kindergarten level propaganda.

I can't blame a political party for using the tactics when they work; but the fact that they DO work is why America will be a third world country soon.

Stupid is as stupid does - and we have way wayt too many stupid people.

Posted by: lquarton | May 27, 2009 2:22 AM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company