Geithner’s Inability to Tell the Truth

I was watching Tim Geithner’s testimony before the Senate Budget Committee earlier this week and found his answer to some questions to be simply infuriating.  It is not atypical for witnesses to dance around when answering questions.  In fact, the ability to say a lot of words without saying anything of substance is apparently one of the skills most admired in Washington.  There is one particular exchange which is most illustrative of the phenomenon.

Obama Lacks Votes to Pass Budget

Barack Obama doesn’t have the votes to pass his $4 trillion budget:

Sen. Kent Conrad (D-N.D.) said he has spoken to enough colleagues about several different provisions in the budget request to make him think Congress won’t pass it.

Conrad urged White House budget director Peter Orszag not to “draw lines in the sand” with lawmakers, most notably on Obama’s plan for a cap-and-trade system to curb carbon emissions.

Barack Obama Delivers Economic Speech

See Video

Here’s a short clipshow of President-elect Obama’s excellent economic speech. I really like his candor about the deficit (which has been talked around for years) and his channelling Franklin Delano Roosevelt’s famous line about “fear itself.” Huffington Post has the text of the entire speech.

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