…Calmly observing the changing world

Back, in April, Treasury Secretary Geithner proclaimed that the debt of the United States would never be downgraded and that there was “no risk” of such an event.  As just about everyone knows by now, S&P downgraded the US on Friday.  Now that it’s occurred, Geithner is claiming that it doesn’t matter anyway. But it’s [...]

If he can make it through the Senate, Timothy Geithner will be our nation’s next Treasury Secretary. If you’ve forgotten exactly what a Treasury Secretary does, it’s recently become a ridiculously powerful position. Essentially, he will become the “Economy Czar.” Unfortunately, during his Senate confirmation hearing, Geithner made a monumental error in judgment. He accused [...]