mind your business

Wednesday, January 14, 2009

Tim "Doesn't-Pay-His-Taxes" Geithner Also Bailout Architect and Fed Bank President

Tim Geithner (left) meets Finance Committee Chairman Max Baucus - Source

A big headline yesterday was that Tim Geithner, Barack Obama's pick for Treasury Secretary didn't pay his taxes from 2001 to 2004. Whoops! There are plenty of people in Congress however, standing up in Geithner's defense, saying things like:

"I believe that these errors, although serious, do not rise to the level of disqualification. He is an extremely competent man. The errors were, in my judgment, honest mistakes. He did not in any way intentionally make those mistakes." -Finance Committee Chairman Max "Voted-for-the-Bailout" Baucus, D-Montana

Senator Baucus, I certainly hope that this was an honest error and that our new Treasury Secretary is not a crooked, dishonest man who would do something so petty as cheating on his taxes while serving a powerful international banking organization. But if that is in fact the case, then it necessarily calls into question his competence. This guy is supposed to be like a big deal when it comes to handling money. He's about to get appointed to the office of Treasury Secretary, for heaven's sake. And he didn't even know how to properly file his taxes? You're telling me that for four years this supposed finance guru didn't know that he was even supposed to pay his Medicare and Social Security taxes? That's a glaring record of incompetence if you ask me, Senator Baucus. You cannot in the same sentence call him honest and competent. You get to pick one. Either way, he's not qualified.

It makes me wonder if Geithner's vocal supporters in the Senate like Baucus, Hatch, and Schumer (all three of whom voted for the bailout) would have the same flippant attitude towards a conservative Republican nominee with the same record of breaking the law, especially if it were a Supreme Court nominee who didn't care much for abortion.

But folks, it's not just the fact that I have the fifth striking example in like a week that our politicians don't really bother about keeping the law anymore. It's the fact that this man, Tim Geithner is part of the problem, not the solution. He was a chief architect of the wildly unpopular, immoral, and unconsitutional Wall Street Bailout last Fall. He even butted heads with current Treasury Secretary Paulson over how the financial crisis was handled because he thought the Federal government should have taken even more drastic action than it did.

Before his nomination, Geithner was president of the Federal Reserve Bank of New York. You know? That giant private bank that pumped all the paper money and credit into the economy which is what caused this mess to begin with? Why on earth would you appoint a man who helped cause the problem, to solve it? Why would you appoint to an even higher office, one of the guys who was in charge when it all came crashing down and whose policies led to the crash? Why would you do that, Mr. Obama? Why would you appoint a core member of the Bush administration's crisis team to your cabinet when you promised change and new blood in Washington politics? I'm afraid that problems can only be solved at a higher level of consciousness than that which caused them.

I'm even more afraid that our politicians aren't very conscious at all about how economies actually function.


  1. It's true. In government, you fail upwards.


    Federal Case Alleges Political Elite Get Favorable Tax Treatment Over Ordinary Citizens

    On 5 March 2009 a Motion was filed in U.S. v. David Jacquot, Case # CR 08-1171, in the Federal District Court, in San Diego, California seeking to dismiss a false tax return indictment on the grounds that the Defendant was not treated in the same manner as politically prominent individuals. A hearing on this matter is set for 30 March 2009 in San Diego and the Defendant in this case intends to subpoena Secretary of the Treasury Timothy Geithner, House Ways and Means Chairman Charles Rangel, former Senate Majority Leader Tom Daschle, and others.

    The Defendant in this case is David Jacquot, an attorney and retired Army Officer. He is a decorated disabled Desert Storm veteran living in rural Idaho with his family.

    This “Geithner Motion” cites HR 735 titled the “Rangel Rule Act of 2009,” which if enacted, would eliminate penalties and interest for common citizens to allow them to be treated in the same manner as House Ways and Means Chairman Representative Charles Rangel. The Geithner Motion also quotes President Obama stressing the need to “treat common citizens in the same manner as politically prominent individuals in regards to tax matters”.

    The Geithner Motion details how Mr. Jacquot was vindictively indicted in retaliation for his successful defense of his clients against the IRS. The tax returns of his corporate law firm for the four (4) years of 2001 to 2004 were investigated and the government alleges that the law firm declared almost $200,000 TOO MUCH income during this time period. The Geithner Motion contains descriptions of numerous actions by the government and Assistant U.S. Attorney (AUSA) Faith Devine that are the basis for the claim of retaliation against Mr. Jacquot for his zealous representation of his client’s Constitutional and statutory rights. The improper actions of AUSA Devine have been reported to the DOJ Office of Professional Responsibility for disciplinary action and are currently under review.

    A copy of the Geithner Motion can be downloaded at:

    Geithner Motion | Rangel Rule | Selctive Prosecution | Prosecutorial Misconduct | AUSA Faith Devine