What's $40k amongst friends?

Jan 21, 2009 10:22

Tim Geithner looked like he was going to do something rash as he sat there and the committee revealed he hasn't paid more than $40,000 in income taxes. That is class. This is the man who is going to become Treasury Secretary ( Read more... )

human stupidity, rob's shameful past, television

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moonlitwoods January 21 2009, 20:22:11 UTC
That is class. This is the man who is going to become Treasury Secretary?

Ugh, I know. It's sickening. And it isn't as if he didn't know he owed them -- the back taxes in question are, from my understanding, an accumulation of multiple years from earlier in the decade. He didn't address the issue of paying them until he was about to face the vetting process. And yes, this man would be in charge of the Internal Revenue Service. *boggle* What a lovely precedent and example he would set: in a time of financial crisis for the nation, the Treasury Secretary has to be shamed into paying the taxes he owes. Super.

You know, Obama's recent vow to provide transparency to his actions and his presidency, and to hold himself and his staff to a higher level of accountability sounds wonderful, and I hope to God he means it. But as long as he gives someone like Geithner a pass on his innocent mistake, and guys like Chris Dodd and Barney Frank still have their jobs and the president's respect, then it's just more of the same form-over- ( ... )

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malvernrob January 21 2009, 20:48:04 UTC
It's a sad state of affairs to be sure. Last fall proved once and for all that when it comes to the economy, the guys who call the shots are the Treasury Sec and the head of the Fed Reserve. Not the president or the vp.

I had the tv on and watched a lot of the senate hearings. It was comical. Are we supposed to believe that a man this powerful sits down to do his taxes like everyone else. Surely people do it for him. And when they started talking about what tax software he used I rolled my eyes very far back. Over a bunch of years, you can't remember filing proper taxes from income from IMF for pete sake. Good Grief. Spare me. I can't believe for a second that you know, he was soo swamped with paper work and some slips were buried under a binder... :/

As much as no one wants to think about it, these guys are all politicians still. And at the end of the day politicians have a history of doing just this sort of thing.

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moonlitwoods January 21 2009, 21:31:10 UTC
As much as no one wants to think about it, these guys are all politicians still.

Exactly, and nothing is going to improve until they are held accountable and realize they are no more above the law than the average citizen. Not just talk about accountability, but actually REQUIRE IT and then ACT when expectations are not met.

It sickens me that high ranking public servants get away with murder, spending much of their time justifying, rationalizing, and covering up their deplorable behavior and incompetency. Can you imagine what would happen if the average employee in the private sector tried to get away with the same kind of nonsense? We'd be fired, shamed, and penalized until we had nothing left.

And at the end of the day politicians have a history of doing just this sort of thing.Indeed, and I was astonished several times yesterday while reading some of the completely impractical expectations and irrational worship of the new president. As if, at the core, he could actually be so fundamentally different than any other ( ... )

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malvernrob January 21 2009, 21:43:30 UTC
And after all the senators got their two cents in, and got the soundbites and videos of them 'being tough on the nominee', so that they could play them back in their next campaign, they backed off and Tim supposedly sailed through the rest of the nomination process. Or at least that is what they said on Bloomberg. I have to admit, I stopped watching after a while. After all if some senators can beg off because they have scheduling problems, then why should I find the time to watch the whole thing.

A wise man once told me something. Actually he was my grade 11 English teacher. He quoted something from the bible, that i had never heard before..

What has been is what will be,
and what has been done is what will be done,
and there is nothing new under the sun.Ecclesiastes 1:9 ( ... )

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