MonkeyBusinessBlog: Kevin Bacon Agrees to Play Tim Geithner in the Upcoming Movie "A Few Bad Men"!

This morning I was reading this on Bloomberg Geithner Says US Will Never Lose its Aaa Rating.

Timmy's stake in the ground about our Aaa rating isn't really what struck me. Afterall, what the hell is any government official supposed to say to that question right? No, what gets me is the following responses to these extremely weighty questions. Here are some examples;

Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried about global stability. That reflects “basic confidence” in the U.S. and its ability to bounce back from the global recession, he said.

Umm, no. The recent spike in the dollar and Treasury securities is because the world was scared sh*tless this week that the almighty Eurozone is ready to implode. This move is a knee jerk reflex. Except for a few dingbats in Washington and the Wall Street mob bosses that Timmy really works for, this government, much like the last group of grab-asstic morons who ran things, haven't inspired squat.

Geithner said the risk of a “double dip” recession in the U.S. has declined, particularly given recent reports showing the economy grew at a 5.7 percent pace in the fourth quarter of last year.

“We have much, much lower risk of that today than at any time over the last 12 months or so,” Geithner said. “We are beginning the process of healing.”

Right Tim. The official BS (that's stands for BullSh*t) BLS report showed the unemployment rate for January dropped to 9.7% because the freaking denominator dropped.......because millions of folks have given up looking for work....because their jobs were based on a fantasy "service economy" that is now.....gone. But what the hell, who needs jobs, disposable income, a place to live and health-care? It's all good....the Chinese are pulling us out of this mess right? I mean, don't get me wrong. I'm happy that Q4 growth was positive and that some companies are starting to make new capital investment and are done laying workers off. However, most of the companies doing that, namely manufacturers, just don't represent a large enough percentage of the economy. We turned our economy into a Potemkin Village and now we are paying the price. Therefore, I'm afraid that this Q4 growth just isn't sustainable and dopes like Geithner really don't get that.

Geithner defended the Obama administration’s efforts to help homeowners avoid foreclosure through subsidized mortgage modifications. When asked why few homeowners have so far received permanent reworked loans, the Treasury chief responded that the administration is “absolutely committed” to following through on its promises.

“For eligible Americans -- they’re getting permanent modifications that substantially lower their monthly payment,” he said. “For the average household that translates into hundreds and hundreds of dollars every month for them.”

What is this assh*le talking about? Mortgage modifications have probably on average hurt folks more than they helped....and that's for the few that actually got a permanent modification. These fools have been at this...kind of...for a year and they have accomplished NOTHING because they understand NOTHING!

Anyway, that's enough of the rant. When I'm not thinking of Geithner as "Beavis" I think of him as this fabulous character played by the great Kevin Bacon;