Saturday, March 21, 2009

$168 Million Bucks That Stop At Obama's Desk

Senator Dodd blames Obama's Treasury Secretary, Tim Geithner. The White House says it's Dodd and AIG's fault. Representative Maxine Waters is blaming Dodd, Tim Geithner, and the President (See Video & Audio).

It's almost like a scene out of a Three Stooges' movie with Congress slapping the White House and AIG; the White House slapping Congress and AIG; and Maxine Waters slapping everybody as if she was dragging a stick across the slats of a picket fence. You can take your pick as to which group looks more like Moe, Larry or Curly. But, my bet is that Maxine Waters is more like Moe because she's the smart one out of this whole mess by claiming that the President is out of touch.

If you note, the Republicans are increasingly backing off; letting the Democrats dogfight themselves. The expression "eating their own" would be an understatement.

When it's all said and done, it will be Obama that suffers the most. It was his Treasury Secretary that presented the bailout targets and the specific amounts to Congress. He was even involved in the original TARP bailouts because it was him, Hank Paulson, and Bernanke that worked on all of the bailout monies that were handed out in 2007. Obama certified that past activity of the Bush Administration by hiring Geithner.

Therefore, with Obama as the target, you can easily say "the buck stops here." In this particular case, it's $168 million bucks that are stopping in Obama's face.

What is really interesting is the idea that such a relatively small amount of money (as compared to other "trillions" that Obama is spending) may hurt this President the most. Like someone once said: "I's the little things that matter!"

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