2012-11-27 —

President Obama has tapped Geithner to lead negotiations with Congress over the $600 billion or so in tax increases and spending cuts looming next year, the Wall Street Journal's Damian Paletta reports. Geithner and Congress got off to a fairly rocky start back in 2009, Paletta notes, but now they're both totally comfortable with each other because Geithner has only testified on Capitol Hill a bajillion times, so he is perfect for leading the negotiations, apparently. Also, Paletta notes that Geithner's mentor was Robert Rubin, the deficit-obsessed Wall Street shill, so what could possibly go wrong? Aside from the dismantling of the social safety net to spare the wealthy? Other than that, no worries.

go to full article | permalink to this | forum thread | | RSS | Subscribe by email!

Comments: Be the first to add a comment

add a comment | go to forum thread