Wednesday, April 01, 2009

Our Simpleton "Leadership"'s Simple Misunderstandings Continue

clipped from hotair.com

On “This Week” Sunday, Treasury Secretary Tim Geithner told me that there was about $135 billion left in the TARP fund, the government’s financial rescue package. But the Government Accountability Office, a non-partisan federal agency, reports that figure is closer to $32 billion, which is what ABC News and other independent analysts thought.


In other words, Geithner was off by $100 billion dollars. That’s not a rounding error; it’s a gargantuan mistake. Or a lie. Take your pick. It’s like choosing between “tax evasion” and “simple misunderstanding”.

It has become very obvious that the Obama administration and its Treasury Secretary are floundering on the economy. Not only have they not been able to find staffing for the effort, now they can’t count. How much longer will this go on before Congress demands a change at the top?