Friday, January 23, 2009

Believe it or not

So we are expected to believe that Timothy Geitner, Obama's new Treasury Secretary who will oversee the IRS forgot to pay his taxes.
We are expected to believe that an economist who headed the New York Federal Reserve Bank and who once worked for the IMF forgot to pay his taxes.
We are also expected to believe that his memory returned right after it became evident that Barak Obama was going to nominate him for this important and very lucrative office.

And there's more. The first $350 billion of the $700 billion bank bailout went somewhere. It was supposed to be for toxic assets but it never got there. Apparently the bankers took our money, bought other banks with it, hoarded it or invested it in US treasuries (lent it back to us with interest) and the politicians that allowed it were duped.

We are supposed to believe that the lawyers, economists and university educated professionals in Congress were tricked and are angry that the money didn't go where it was supposed to.

I don't believe this. I think they did it because they have solidarity with these folks as they have the same class interests. So I think Congress and Geitner are lying in order to obscure this fact.

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