The only likeable person on Obama’s econ team calls it quits: Miser Bros. Summers & Geithner push out Christy Romer
Gee, now we will be forced to hear the abysmal jobs numbers spun without the cheerful manner that was part of Romer’s disposition.
Jesse’sCafeAmericain has the round-up on the departure:
Christina Romer is a fine economist, but she frankly does not have the skillset to deal with an accomplished Tidal Basin pond snakes like Larry Summers and his sidekick Tim Geithner.
She is said to have left at her own request. It is nice to see a principled resignation once in a while. Good for her. I hope that is the case. In addition to pushing for more stimulus, I had also heard that Romer was promoting Elizabeth Warren as the head of the new Financial Consumer Protection Agency, a move that is adamantly opposed by Timmy and Larry, the Rubin twins….
I mean Geithner’s profile is pretty easily identifiable..the BEST sign of the early hagiography attempts on Team O was that idiocy proclaiming GEITHNER one of the most beautiful people…
In unrelated news the Comment of the Day found on HotAir:
Excuse me, but is there any way I can get off of “As$clown Express” Airways created by the Grand As$clown himself, BHO?
-yobobbyb on August 5, 2010 at 3:04 PM
Obama lies, the economy dies: claims *horrendous* May ‘jobs report shows our economy is getting stronger every day’. Hey POTUS, can the Sgt Pepper impression and BUY A FRAKKIN CLUE with all the money you are spending!!!
Update: Markets Close with DOW down 323 to 9931, NAS down 84 to 2219 and S&P down 37 to 1064. President Disconnect just announced after his Gulf briefing that ‘it sounds like we’re making progress’ on the spill. I don’t think he could be more out of touch with reality if he tried.
ZOMG on what frakkin PLANET is Obama governing, cuz it sure ain’t any of the economies on this one!?!?!
Too much time with McCartney mebbe, not enough at the Gulf or you know in THE REAL WORLD:
Md., June 4 (Reuters) – President Barack Obama said on Friday the gain of 431,000 jobs in May is a sign the U.S. economy is getting stronger, although there will still be ups and downs going forward.
“This report is a sign that our economy is getting stronger by the day,” Obama said in remarks to about about 50 workers at a large truck garage in Maryland.
“A lot of businesses that were hit hard during this downturn, they are starting to hire again. Workers who were laid off are starting to get their jobs back,” he said.
UPDATE 1-Obama-May jobs report show economy strengthening
Someone wake up our dreaming POTUS and have him take a gander at HIS OWN ECONOMIC FORECAST his Dream Team put together when they spent A TRILLION dollars just a year ago, courtesy Gateway Pundit:
The Census never called moi for a job either :0( And I only got one wrong on the test too. Hubby says I am on a ‘list’, lol. Think it was my supervisory experience? my active political background? my filling in of my ethnicity as ‘American’ on my own Census form? My inability to keep my big yap shut when I see inefficiency, waste or duplicative effort? Might be rabbit might be…
with the reports I am seeing from those hired, laid off, rehired etc, it may be just as well~ I would be a shadow on a FOX show revealing the waste fer shure…my mom did get many hours of work from Census though so at least some actual people got some actual work for a short period…(Note: to be fair, lol, I did indicate on my Census application that I was ‘unwilling’ to go door to door, hubby worries over safety- so sweet :0) but sadly I got no call to work in the calling center or office work)
now if they can get the Census folks to count how many times Team O has said we are beginning our recovery maybe that will keep them busy til after the midterm elections…
PS Euro traded under 1.20 against the USD….and Hungary is looking at default.…but other than that (and the Gulf oil spill and the collapse of the American consumer and the housing double dip) everything is coming up *roses* per Team O….
Mashup by CuffyPerfunction
Mashup by haiyaku333
He said he’s been fighting from day one – you decide. Based on Kevin Kristy’s photo essay at PolitiPage. http://politipage.com/2010/05/28/obam…
Advice to the GOP Leadership from a recovering Democrat & Twofer Tuesday: Come As You Are/It’s So Easy
I need to rant a bit. The GOP leadership needs to embrace the passion and patriotism of the American people, and absolutely must ignore the race baiting tom-toms of the lamestream media and politicians..it is the last refuge of scoundrels, throwing the race card at Americans exercising their God-given rights to assemble, freedom of speech, and especially redress of grievances to our government.
Team Obama continues to replay their primary campaign, we are in the phase where anyone objecting to the incredible overreach and intrusion into our lives is branded racist, ignorant, uneducated, lampooned, etc etc.
Sadly in 2008 millions of Democratic voters were floored at this treatment, by our own party, people who KNEW DAMNED WELL the things they were saying were slanderous lies.
Maybe it is because I have been a Democrat for 24 years that I feel absolutely no compunction about my passion for the country and the cause of rolling back the travesty these people have foisted upon us and our children. I have been dragging crates over to serve as a soapbox and stood upon them to lecture my fellow nursery school attendees upon proper treatment of fellow classmates time out of mind, maybe it’s genetic, lol.
HillBuzz spoke about this a good year ago or more, but I see a plethora of articles hitting blogs and MSM in re the ‘racism!” or ‘radical!” (POT-KETTLE!) nature of the Tea Party Patriots and now more broadly, all who dare to oppose the ‘gift’ of Obamacare.
Get your ya yas out as The Stones used to say. Flags, families, friends, passionate patriots expressing their will. The evolution of conservative and GOP patriots, to the point where they felt compelled to do what Democrats have done for generations, and step outside into the public sphere to express their will, the evolution into Tea Party Patriots, joined by Independents and Democrats like hubby and I, is precisely BECAUSE of the machinations and biases of the lamestream media.
Their refusal to report the true expression of the majority of Americans’ will with regard to deficit spending, taxation, cap and trade, and lately health care, left most Americans feeling completely cutoff from each other. We were cast out of the collective consciousness of America as reported and reflected by our media each night in evening news broadcasts.
It is not going to be possible for the Axelrasputian Brigade to push we moderate Democrats away from the tea parties. We have always loved America and never bought into the neoprog hard left anti American BS to begin with. Now that we have lived our primary ‘trial by race card fire’, we will not be deterred.
The Indies I meet at Tea Parties have zero problem expressing their wishes for the Freedoms we cherish to be upheld, and I wager the conservatives and GOP have had enough of the race card shenanigans also. We don’t care what you call us, we know who we are.
The GOP leadership needs to reflect that same thick skin if you will. If the GOP Leadership fails to embrace the righteous, yes frakkin totally righteous anger of Americans over the healthcare debacle then it will be ‘So Fxxkin’ Easy’ for the Dems to hold power (h.t Axl Rose).
Obama must’ve laughed himself through the entire Democratic primary as Hillary was forced to apologize for an everlasting chain of imagined, purported ‘slights’ and aspersions involving race. She couldn’t say ‘Good Morning’ without issuing an apology after SC. Learn from our mistakes.
These people throwing the race card know damn well it is baseless. Do not try to mollify the arsonists throwing gasoline onto the burning house. Just get in touch with the American people, we are out here standing for the Constitution, stand with us.
We are the people, party down and vote!! Primary votes now, November will be awesome… Come as you are Americans!
(and hey trollin Obots, ignore Kurt’s gun lyrics, they arent a secret code, lol. It is just a great tune we Gen X-ers like to listen to. ..)
Everybody knows (as Leonard Cohen would say), that Team TOTUS is using Volcker for his name and persona and not listening to him at all. Volcker cant handle the truth! Watch the BIZARRE tete a tete with Maria Bartiromo and the analysis from Kudlow and Co…
Update from MM The regulators aren’t backing down. Excellent.
…Reuters sheds more light on the turf battle between Geithner/Emanuel and the regulators:
Top U.S. bank regulators will speak out on Tuesday against some key elements of the Obama administration’s plan to reshape financial regulation, saying parts of it were unneeded or could be disruptive.
The officials’ defiance, in prepared congressional testimony obtained by Reuters, came despite a warning given to them on Friday by Treasury Secretary Timothy Geithner.
In private remarks punctuated with expletives, Geithner urged the regulators to end their turf battles and show support for President Barack Obama’s plan, according to a person familiar with the situation on Monday.
But that seemed to have little impact on John Bowman, acting director of the Office of Thrift Supervision (OTS), an agency slated for closure under the Obama plan.
“We do not support the administration’s proposal to establish a new agency, the National Bank Supervisor (NBS), by eliminating the Office of the Comptroller of the Currency … and the OTS,” Bowman said in written remarks to be given to the Senate Banking Committee at a hearing…
Since Sheila as head of FDIC, won’t just GIVE away the regulatory power to Treasury, Timmeh is mad mad mad. No doubt he stomped his foot, making him look even more like Rumpelstiltskin were that possible….
Timmeh and Larry Summers together are like the Hot and Cold Misers..seriously, look at the faces…then add the personalities…
Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over the Obama administration’s faltering plan to overhaul U.S. financial regulation, according to people familiar with the meeting….Mr. Geithner told the regulators Friday that “enough is enough,” said one person familiar with the meeting. Mr. Geithner said regulators had been given a chance to air their concerns, but that it was time to stop, this person said.
Among those gathered in the Treasury conference room were Federal Reserve Chairman Ben Bernanke, Securities and Exchange Commission Chairman Mary Schapiro and Federal Deposit Insurance Corp. Chairman Sheila Bair.
Friday’s roughly hourlong meeting was described as unusual, not only because of Mr. Geithner’s repeated use of obscenities, but because of the aggressive posture he took with officials from federal agencies generally considered independent of the White House. Mr. Geithner reminded attendees that the administration and Congress set policy, not the regulatory agencies.
Mr. Geithner, without singling out officials, raised concerns about regulators who questioned the wisdom of giving the Federal Reserve more power to oversee the financial system. Ms. Schapiro and Ms. Bair, among others, have argued that more authority should be shared among a council of regulators.
Well, gee since only Ben, Tim, Mary and Sheila were in the room, and the argument is that Ben should get more power which Mary and Sheila are resisting, clearly he can only have been cursing and threatening Mary and Sheila…just like his boss, he has an issue with powerful women who get in his way…..frakker…It’s kind of TOTUS’ karma ain’t it? Everywhere he turns middle aged women are in his way….I’ve got news for them, Sheila is one tough ‘cookie’ she isn’t rolling over for anyone…heh..
Shorter Timmeh/Rumpelstiltskin “If I say we can turn this damned straw into gold then we can!”
Hey I tried not to make elf comparisons and then People mag named him and I kid you not, one of the sexiest men of the year. Well alrighty then…guess they haven’t seen any CW shows last season….
See MM for more coverage…
Johnny Cash courtesy of askeboy
DOW up over 200 on FOMC forecast. D-E-N-I-A-L.
Intel reported kickass earnings (Intel gets 85% of their profit from overseas)..the banks earnings (outside Golden Slacks, which do not reflect the TOXIC ASSETS we heard oh so much about) are not worth the paper they are written on…
The FED (FOMC) meeting minutes were released along with their new economic outlook which has a higher call for GDP and a call for higher unemployment than previously forecast. MiM thinks they are off on both, even the inventory build everyone is expecting to push us to a positive GDP for the 3Q 09, is for MiM anyway in doubt..
Were I the manufacturer, producer, retail chain store inventory manager I would NOT build an inventory right now..ahead of the CONSTANT, ENDLESS ASSAULT on capital from, well the Capitol…
They are now proposing a WATER SURCHARGE on businesses that use a lot of water, to rebuild infrastructure…
Take your profits and bury them in the yard, sheeeet, maybe we will get a chance to spend those dilly dollars before the inevitable inflation bites us in the axx….assuming the Man doesn’t come take it first for the GREATER GOOD…frakkers..
I cannot think of a worse time to propose an individual mandate than when people are cutting back on FOOD out of necessity, NOW is not the time to tell them they MUST pay for insurance….
DOW up over 200 right now, on a serious tear people….Have I mentioned that TOTUS felt the need to make an appearance on tv to support the House Health Care bill (the one that is counter to everything he said in the primaries) just as Hill’s first big speech was starting, he sucked the air out of the room for her like he sucks the animal spirits out of the marketplace...have to go to MSNBC, ugh to get highlights of her speech which even they the He Man Woman Haters Club says was great, too bad none of us got to see it cause the publicity HOG was on …AGAIN…people are writing FREE HILLARY! pieces already….
We got ONE SENTENCE on Hillary’s speech from Reuters:
“Success in Afghanistan also requires close cooperation from neighboring Pakistan, which I will visit this fall,” she said in a speech at the Council of Foreign Relations think tank.
U.S. Secretary of State Hillary Clinton, who visits India later this week, said on Wednesday she will go to Pakistan in the fall.
GOLD back up over 940 BTW…
and PS TOTUS now considering BUYING peoples homes and letting them RENT them back, so Uncle Sam would own the house. But he wouldn’t do HOLC when it would have helped and attacked Hill for suggesting it (she proposed HOLC this in September 2008). some day’s the hypocrisy bothers me more than others…..
Microsoft CEO: will move US jobs oversees if Obama tax plan goes through, estimates Dow companies profits would be reduced 10-15% under new tax plan….
Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits. “It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”