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Geithner and the Weak Dollar
Real Clear Markets ^ | 06/09/2009 | John Tammy

Posted on 06/09/2009 6:43:56 PM PDT by fiscon1

Though the U.S. press mostly withheld mention of it last week, the international media had a big laugh over Treasury Secretary Geithner’s visit to China. Apparently more aware of the dollar’s withering condition than our chief dollar steward – a scary thought on its face – they clearly understood the audience laughter when Geithner told Chinese students that dollar-denominated “Chinese assets are very safe.”

(Excerpt) Read more at realclearmarkets.com ...


TOPICS: Government
KEYWORDS: china; dollar; ustreasurybonds

1 posted on 06/09/2009 6:43:57 PM PDT by fiscon1
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To: fiscon1
they clearly understood the audience laughter when Geithner told Chinese students that dollar-denominated “Chinese assets are very safe.”

(psssst!) (Timmy!) (Try telling them you have saved or created 150,000 new jobs)

2 posted on 06/09/2009 6:53:47 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
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To: Texas Eagle

What do they expect? He doesn’t understand the Tax Code either.


3 posted on 06/09/2009 7:07:31 PM PDT by Hugin (GSA! (Goodbye sweet America))
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To: Hugin
What do they expect? He doesn’t understand the Tax Code either.

Au contraire. He understand the Tax Code perfectly well. He consciously decided to not pay those taxes. He should be in jail for tax evasion and making false statements to the FBI (a la Martha Stewart and Scooter Libby).

The taxes Timmy didn't forward to the IRS was calculated by his employer to MAKE UP for the taxes he owed in the form of a bonus.

4 posted on 06/09/2009 7:15:08 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
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To: fiscon1

http://seekingalpha.com/article/140650-china-don-t-believe-turbo-tax-tim?source=article_lb_articles


5 posted on 06/09/2009 8:26:49 PM PDT by FromLori (FromLori)
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To: Texas Eagle
... He should be in jail for tax evasion ...

Most demonkat elected and appointed leaders would be in jail if we had true justice. We can wish.

6 posted on 06/09/2009 8:27:28 PM PDT by webschooner
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