Crash Course
Ten years after the financial crisis, Robert F. Bruner surveys the best books on what went wrong and what still should be fixed.
Ten years after the financial crisis, Robert F. Bruner surveys the best books on what went wrong and what still should be fixed.
In an interview with Vice, Barack Obama struck his favorite pose -- that of disinterested, objective observer on the passing political scene. Asked about congressional resistance to cap and trade, our social-critic-in-chief responded:
Timothy Geithner, the former secretary of the Treasury Department, says the White House wanted him to lie in scheduled appearances on the Sunday TV talk shows. As Geithner writes in his new memoir:
President Barack Obama, who earlier today offered several gun control measures, is currently attending what appears to be the good-bye party for departing Treasury Secretary Timothy Geithner. Via the pool report:
Jeff Sessions, the ranking Republican on the Senate Budget Committee, says he will oppose Barack Obama's nomination of Jacob Lew for Treasury secretary. " Sessions released a statement Thursday afternoon criticizing Lew's nomination. Here's an excerpt:
Politico reports:
Senator Jeff Sessions, the ranking member on the Senate Budget Committee, is releasing a statement this evening that claims President Barack Obama's "secret" plan "increases spending by more than $1 trillion above the current baseline."
On ABC's This Week Sunday, host George Stephanopoulos asked Treasury Secretary Tim Geithner about a report that Senate minority leader Mitch McConnell "burst out laughing" when Geithner told McConnell the Obama adminstration's proposal to avert the fiscal cliff. Geithner avoided the question.
The top Republican in the Senate, Mitch McConnell, revealed to THE WEEKLY STANDARD that he “burst into laughter” when Treasury Secretary Tim Geithner outlined President Barack Obama's fiscal cliff plan yesterday. McConnell believes the plan is "completely unserious."
At a hearing today on Capitol Hill, Treasury Secretary Tim Geithner blamed members of Congress (before 2008) for the economic troubles:
Politico: "Geithner: Action against Wall St. coming"
ABC News reports that during an interview with David Muir yesterday concerning President Obama’s $447 billion jobs bill, “Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said” — mysteriously…
Despite the repeated attempts to wish away the Solyndra scandal, it appears to be getting bigger. Today, the Los Angeles Times informs us key White House personnel raised concerns the Department of Energy loan program that gave Solyndra $535 million was poorly conceived and managed long before the…
New York Times: "Second Recession in U.S. Could Be Worse Than First"
As of this writing, the president has pulled off a great political trick, with the help of some kamikaze Republicans. He has refused to offer a deficit-reduction plan, or submit a budget, or allow the Senate Democrats to do either—and has the public persuaded that he is the man who is seeking a…
Why, exactly, do we need to extend the debt limit to the point where the federal government can borrow another $2.4 trillion (hardly a nice round number) — about the same amount of money, even in inflation-adjusted dollars, that we borrowed to fight all of World War II? Because, as Treasury…
"Strauss-Kahn Case Seen as in Jeopardy"
Karl Rove: "Why Obama Is Likely to Lose in 2012"
RINOs Under Attack: "Sources say Chaffetz is in against Hatch"
Keep sending your prayers to Missouri.
Matt Continetti reviews Jonathan Alter's new book, The Promise, in the most recent issue of Claremont Review of Books:
Mixed messaging from the Obama administration today on the budget: Spokesman Jay Carney called the president's budget "extraordinary," while Treasury secretary Tim Geithner said "it's unsustainable."
U.S. Treasury secretary Timothy Geithner, speaking at the World Economic Forum in Davos, Switzerland, echoed the president's State of the Union speech, acknowledging the need for fiscal responsibility but warning against making deep cuts to government spending. Reuters reports:
At Monday's town hall in Washington, President Obama was asked whether his top economic adviser, Larry Summers, and his Treasury secretary, Tim Geithner, would be staying through the end of this term. Obama's answer makes one think the answer is no: