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February 13, 2012
Binyamin Rose: Back to the Bunker: How a life-risking act by a Christian family during the Holocaust saved a family and built a thriving community a world away
Menachem Wecker: Business Schools Teach Real Estate Despite Troubled Housing Market
February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
March 13, 2009
/ 17 Adar 5769
Geithner's half-baked plan is proven to actually be raw
By
Jack Kelly
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http://www.JewishWorldReview.com |
Treasury Secretary Timothy Geithner's testimony before the House Ways
and Means Committee March 3 would have been hilarious, were the
implications for our economy not so grave. It was his first major
appearance since Feb. 10, when his halting description of a half-baked
plan to bail out banks caused the stock market to plunge by some 400
points.
The Dow dropped only 40 points that day, which Time magazine's Massimo
Calabresi said was a triumph of sorts for Mr. Geithner.
"Sure, he doesn't seem to fill his suit, and he talks too quickly, and
he swallows the ends of his sentences, and he gives the impression of a
grad student taking an oral exam," Mr. Calabresi said. "But he'll be a
hero of the western world world if his plan to subsidize the sale of
toxic assets leads banks back from the brink."
Mr. Geithner didn't talk much about that plan -- whatever it is -- at
that hearing. But he did assure the committee chairman, Rep. Charles
Rangel (D-NY), that he'll crack down on individuals and companies that
try to avoid paying taxes.
Gee, where might he start? Perhaps with himself. Mr. Geithner was
confirmed despite having failed to pay his payroll taxes for four years.
Or perhaps with Rep. Rangel, who failed to pay taxes on income from the
rental of his vacation home in the Dominican Republic.
Or maybe with former Dallas mayor Ron Kirk, who didn't think it
necessary to pay nearly $10,000 in back taxes until President Obama
chose him to be the U.S. Trade Representative.
Or how about Adolfo Carrion, Mr. Obama's choice for "urban czar?" As
the borough president in the Bronx he "often received contributions just
before and after he sponsored money for projects or improved important
zoning changes," the New York Daily News reported.
When he wasn't assuring his fellow tax cheat that he would crack down on
tax cheats, Mr. Geithner was defending President Obama's plans to
nationalize the health care system, and to impose a carbon tax. Neither
would help us out of our current economic troubles. Both would impose
additional burdens on our staggering economy.
The Obama administration's focus on just about everything except the
financial crisis has unnerved billionaire Obama supporters Warren
Buffett and Andrew Grove.
"You can't expect people to unite behind you if you are trying to jam a
whole bunch of things down their throat," the "sage of Omaha" said in a
CNBC interview Monday (March 9.)
"The hopeful enthusiasm that welcomed the Obama administration has given
way to growing worry and frustration," Mr. Grove said in an op-ed in the
Washington Post Wednesday (March 11).
Considering what people on Wall Street think of him now, it's important
to remember the stock market rose nearly 500 points Nov. 22 when word
leaked out Mr. Geithner, then the head of the Federal Reserve Bank of
New York, was Mr. Obama's choice for Treasury. He was thought by
Republicans as well as Democrats to be the indispensable man.
Mr. Geithner is an illustration of the slender reeds on which Washington
reputations are based. He was thought to be a hot shot because he was a
protege of Bush Treasury Secretary Hank Paulson, and co-architect of the
Bush bank bailout plan nobody on Capitol Hill seems very happy with
these days. And he had been a protege of Clinton Treasury Secretary
Robert Rubin, whose guidance is chiefly responsible for the ruin of
CitiGroup.
In a sense Mr. Geithner is the indispensable man, because other than
Bush holdover Stuart Levey, none of the top jobs in Treasury have been
filled. Former Fed Chairman Paul Volcker, an Obama adviser, has called
the situation "shameful." Sir Gus O'Donnell, a planner for the G20
economic summit meeting in London next month, said Wednesday nobody at
Treasury was answering his telephone calls.
Perhaps staffing the Treasury department should have been a higher
priority than establishing a White House Council on Women and Girls.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
JWR contributor Jack Kelly, a former Marine and Green Beret, was a
deputy assistant secretary of the Air Force in the Reagan
administration. Comment by clicking here.
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© 2008, Jack Kelly
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