Divergent messages from the Obama administration in the past two days hint at a tough political reality: Nobody likes higher taxes, but that may be the price of getting America’s fiscal house back in order. Share/Save Read More →

Treasury Secretary Timothy Geithner said he’s prepared to oust the senior management and boards of directors at banks that require “exceptional” assistance from the U.S. government. “If in the future, banks need exceptional assistance in order to get through this, then we will make sure that assistance comes,” while ensuring taxpayers are protected, Geithner said today... 

Maybe Tim Geithner didn’t commit tax evasion after all.  Instead, he may just have a problem doing addition and subtraction.  Earlier this week, Geithner assured people that the Treasury had $135 billion left in its TARP fund on ABC’s This Week: (Excerpt) Read More Here Share/Save Read More →

By Larry Kudlow Team Obama fired GM CEO Rick Wagoner Sunday afternoon, just a short time after Treasury man Tim Geithner told the television talk shows that some banks will need large amounts of new TARP-money government assistance — even though the bankers don’t want it. Does this smack of big-time government planning and industrial policy? Another lurch to the left for economic policy? Share/Save Read More →

By Geoffrey P. Hunt In the end, it may be Obama's transparency that does him in. Not the kind he promised in the campaign, of course. More and more supporters are waking up to the reality of the man they helped put into the White House.  In a sweeping but concise recounting on how President Obama's agenda is now all but lost, largely through a dead-on-arrival proposed budget, Byron York ... 

By Dick Morris & Eileen McGann Does President Obama truly believe that he can castigate and condemn Wall Street on Mondays, Wednesdays, and Fridays and then secure its cooperation on the other days of the week? Does he not understand that when he ignites a public furor over AIG bonuses and then incites Congress to pass a punitive tax, he sends shivers down the spines of every other corporate executive... 

By Ben Smith  Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary." Share/Save Read More →

By Herb Denenberg There are growing indications that the Obama administration is melting down, unraveling and falling apart. The clearest indication is Barack Obama and his treasury secretary failing to come up with a plan to fix the bank/credit crisis. He is proposing solutions for every social problem ever identified by liberal Democrats, but doesn’t seem to be dealing with what should be his... 

Wall Street Journal, by Michael M. Phillips & Sudeep Reddy WASHINGTON — Since the fall, senior aides to Timothy Geithner have closely dealt with American International Group Inc. on compensation issues including bonuses, both from his time as president of the Federal Reserve Bank of New York and as Treasury secretary. The extent of their involvement, which wasn't widely known, raises... 

President Barack Obama’s attempt to harness public anger over bonuses paid by American International Group Inc. may backfire on him as Republicans try to redirect that anger toward his administration. Share/Save Read More →