Actually, there’s a strain of Chicken Little there too…’The sky is falling, the sky is falling’. It’s the left’s Rocky Horror Show, complete with a gallery of freaks that would make the Rocky cast jealous. It’s the full press of all the Marxists in the government to terrify the American people and stampede the Congressional Republicans into agreeing to raise the debt limit.

Timothy Geithner is a classic example of the incompatibility of the leftist ‘econo-ideologue’ and the American capitalist system. His public advocation of Keynesian economic principles has shown everyone with the wits to see that this man, former head of the New York Fed, little understands what actually drives the economic engine which is America.

The debt is impossibly high and the Fed has pumped billions upon billions of absolutely worthless dollars (meaning borrowed) into a small selected sector of the economy, meaning of course the banks, who instead of having to pay for their collusion in the sub-prime mortgage disasters, were rewarded by the government, who had mandated the sale of sub-prime instruments by the investment banks in the first place. Very few of these guys had their hands clean. Geithner was instrumental in seeing to it that these ‘friends of Obama’ were taken care of. It’s the largest political payoff and money laundering scheme in history.  read more »