Geithner Reaches New Incompetence Level

A quick trip around Hannity's America...


We knew the Obama administration's math was fuzzy, but even we didn't anticipate the extent of the problem. Let’s just say that the president and math whiz tax cheat Timothy Geithner slightly underestimated the cost of the TARP program that will bail out failed banks.

According to new figures released by the non-partisan Congressional Budget Office, the bank bailout will cost taxpayers a whopping $167 billion more than originally projected. The CBO's figures show the TARP bill jumping from an estimated $189 billion in January to $356 billion today, which means you'll be paying almost double for tax cheat Geithner's bailout plan.

So how did this accounting error even happen? Well it seems that in part, the Obama administration has decided to add Bank of America and AIG to the federal bailout.

Mr. Geithner, after your trouble navigating TurboTax, we knew math wasn't your forte, but this level of incompetence is truly astounding. I can't wait to see the revised estimate for the stimulus bill. Hold on to your wallets, folks.

Popularity Contest

In our edition of Liberal Translation, I think it's safe to say that Robert Gibbs may have met his match. At Wednesday morning's press briefing in Turkey, Gibbs was joined by White House senior adviser David Axelrod, whose performance wasn't exactly anything to write home about:


DAVID AXELROD, WHITE HOUSE SENIOR ADVISER: One of the things that makes it — that will make it easier for leaders of these nations to work cooperatively with us moving forward is the fact that we have a more positive image among their constituents.

LIBERAL TRANSLATION: Being popular in the eyes of Europeans is the dream of all Americans.

AXELROD: And that plainly is true. You can see it in all the polling that's been released in the last few days.

LIBERAL TRANSLATION: Every move this White House makes is based on polls.

AXELROD: I think in every — in every country in Europe, we've made progress.

LIBERAL TRANSLATION: Not that I've ever been accused of speaking in broad generalizations.

AXELROD: And this — obviously the president's journey has been well-chronicled here.

LIBERAL TRANSLATION: I'm even sick of reading about it.


I want to thank Mr. Axelrod for that lesson on the importance of public opinion polls. Frankly, I prefer a White House that makes decisions based on a little something called principles.

Bad Timing

Our Great Moment in Liberal Foreign Policy is brought to you by the Obama White House and Kim Jong-Il.

Last weekend, the rogue nation of North Korea garnered the attention of the entire world when it launched a long-range missile that some analysts feared could have the capability of hitting not just our allies in the region, but the states of Hawaii and Alaska. And what reliable world body does our president decide to lean on during this time of crisis?


PRESIDENT BARACK OBAMA: The faction demands a response from the international community including from the United Nations Security Council to demonstrate that its resolution cannot be defined with impunity.


And that's just the start of it. Despite the clear threat that a North Korean missile launch could pose to our allies and to our homeland, President Obama has ordered his secretary of defense to make drastic cuts in the military budget, particularly in the area of missile defense.


DEFENSE SECRETARY ROBERT GATES: Overall the Missile Defense Agency program will be reduced by $1.4 billion. We will not increase the number of current ground-based interceptors in Alaska as had been planned.


So, North Korea launches a missile and the very next day the president decides to cut the missile defense budget? Another brilliant foreign policy move by team Obama.

Frank Freaks Out

Chairman of the House Financial Services Committee Barney Frank had a little trouble answering a very simple question Monday.

Congressman Frank gave a speech at Harvard University's Kennedy School of Government. During the question and answer session, he was asked this brainteaser by a student in the audience about his role in the economic crisis.


JOEL POLLAK: What I would like to know is if you acknowledge any responsibility at all for what's happened?


Congressman Frank didn't take too kindly to that question. As you know, he's not big on the whole taking responsibility thing. After rambling on and on about the sins of the Bush administration, the student went at him again.


POLLAK: I'm still waiting for a very simple answer —

HOUSE FINANCIAL SERVICES CHAIRMAN BARNEY FRANK, D-MASS.: And I'm waiting for you to tell me what you think I should have done —

POLLAK: No. You're a public representative. I'm a student. I'm asking you —

FRANK: Oh, which allows you to say things which you don't back up? Well, I will take this. First of all, you are a student. Students are entitled to full constitutional freedom of speech under the First Amendment. You've made an accusation that's wholly inaccurate.


Stellar performance, Mr. Chairman. Berating a student for asking a simple question? That is definitely the kind of accountability we're looking for in our elected officials!

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