Track-A-’Crat: The Roll Call of Democratic Delinquency

Y’know, there is one use for the non-entity that is Tim Geithner (above in comically inappropriate superhero pose).

He’s great for making other people feel better about themselves.

Had a rough day at work?  Just peek at Tim’s latest disaster and you’ll instantly feel a load lifted off your shoulders.

If I’d presided over such an atrocious start as President Obama, I’d keep Tiny Tim around just to make me look like efficiency-incarnate.

So, his economic recovery plan that was originally due on Feb. 10 is now scheduled for…. oooh, some time in April.  Yeah, around then, whatever.

You can’t rush genius.

The White House announced yesterday (Sunday – why would they choose to release bad news on a Sunday, I wonder?) that AIG bank has paid out $450 million in bonuses.

Nothing unusual there.

Except that AIG has received over $170 billion in taxpayer bailout money.

When money’s sprayed around like it is being by the Obama administration, moral hazard will inevitably run rampant.

President Obama and Sec. Geithner are now ever-so-sincerely voicing their outrage at AIG.

But, but, but… you gave them the money!

Poor Tim.  His tenure as the ninth president and chief executive officer of the Federal Reserve Bank of New York “coincided”, shall we say, with a rather turbulent time for the American economy.  And then…

Out of the frying pan and into the fire.  In his (brief) time as Secretary of the Treasure so far, he has been conspicuous by his absence.

Until this last week, when in a fit of hyperactivity, he has been everywhere.  Erratic behavior such as this has not reassured the markets.

And neither does his lack of staff.

Update: he’s not filled 1 of 17 deputy positions!  Way to go!

Let me show you how!

First, we raise taxes, abracadabra!

Then, we print money, alakazam!

Now, we borrow from the future, hocus pocus!

And all shall be well in the (green-powered) world.

Tax hikes are unwelcome at any time (it’s beyond me how anyone can believe that the government needs more of our money.  How can $3-4 trillion not be enough?).

But they are made immeasurably worse when our political overlords consider themselves exempt (and as anyone who knows anything knows, paying taxes out of government-paid salaries is pointless, anyway).

Maybe I’m missing something, though.  With such esteemed company, perhaps we should all be playing follow our leaders.