Treasury Secretary and world renowned Tax Cheat Timothy (Turbo Tax) Geithner sharply rejected a call to resign from his job and told a Republican Congressman, “You gave this President an economy falling off the cliff.
Tag: Tim Geithner
Two Trillion Bucks
Lyrics:
Obama got elected, now there is no end;
The Democrats wanna tax and spend,
Tax and spend us into bankruptcy,
With a tax-cheat runnin our Treasury.
You spend two trillion bucks, and what do you get?
No recovery but deeper in debt.
St. Peter better call me fore its too late;
I owe my soul to the welfare state!
Obama is a leftist, as he cant deny;
Govern from the center, was a great big lie.
Karl Marx Manifesto is his playbook,
And you and me soon will be on the hook.
You spend two trillion bucks, in unsecured cash;
Soon the dollar will be pure trash.
Our bond holders we have to appease;
We owe our soul to the Red Chinese.
Obama and his people are makin a mess,
Bernankes fired up the printing press,
Printin money that dont exist,
No wonder America is gettin (peeved?)
You spend two trillion bucks,
They aint done yet!
Obama and Pelosi are pilin up the debt.
I work hard for the money, this I dont deserve
We owe our souls to the Federal Reserve!
Chinese Students Laugh in Geithner’s Face About His Economic Plans
Yes people… this is what it has come to. Meanwhile Congress believes every word The Tax Cheat says.
U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.
A major goal of Geithner’s maiden visit to China as Treasury chief is to allay concerns that Washington’s bulging budget deficit and ultra-loose monetary policy will fan inflation, undermining both the dollar and U.S. bonds.
China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China’s total U.S. dollar-denominated investments could be twice as high.
“Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
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