In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 13, 2009 / 17 Adar 5769

Geithner's half-baked plan is proven to actually be raw

By Jack Kelly

Printer Friendly Version
Email this article

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.

Jack Kelly Archives

© 2008, Jack Kelly