The View From 1776

Treasury Secretary Timothy Geithner, in a New York Times op-ed piece, hails a non-existent economic recovery.  This when the Fed and everyone else is bemoaning a stalled economy and a possible double-dip recession.

Hitler would have been proud of Secretary Geithner’s disinformation, modeled on the Big Lie technique of liberal-progressive-socialist Joseph Goebbels, Hitler’s National Socialist (Nazi) party’s propaganda chief.  Tell a big enough lie, brazenly and often, and the mainstream liberal media, along with some of the people, will accept it as fact.

Adding another layer of surrealism to Secretary Geithner’s perspective is a news article in today’s Wall Street Journal:

Quote:

Extending tax cuts for the wealthiest Americans would imperil the fragile economic recovery, Treasury Secretary Timothy Geithner said Wednesday, as the Obama administration pushes to let the Bush-era policies expire at the end of the year.

Mr. Geithner, in remarks before the left-leaning Center for American Progress, said “there is no credible argument that the purpose of government is to borrow from future generations of Americans to finance an extension of tax cuts for the top 2%.”

In assessing failure to raise taxes as imperiling economic recovery, Geithner is seconding Paul Krugman’s false argument that higher taxes enacted under President Clinton were responsible for economic recovery at that time.

Equally bizarre is his argument that Federal debt is incurred to finance lower taxes.  It should be obvious that Federal deficits, funded by more Federal borrowing, result from excessive spending imposed by presidents through a willingly complicit Congress.  If politicians stop buying votes with welfare-state entitlement increases, there will be no need to balloon the Federal debt.