Secretary Geithner starts of the morning with the regular President’s Economic Daily Briefing at the White House.
Later in the morning, Geithner meets with Iraqi Prime Minister Nouri al-Maliki.
In the afternoon Geithner gets involved with more distortions of the economy and propaganda, as he joins the President on a visit to a small business in suburban Maryland, where the President will announce a package of initiatives that will increase credit[Read: distort the economy] to small businesses. The proposal will increase the caps for existing SBA loans and give smaller banks better access to TARP funding to encourage more lending to small business. There will be no announcement from Geithner or the President as to where the money will be taken from to fund this latest Keynesian sleight of hand financial magic trick.
Then the fun really begins as Geithner and the President will imagine an earthquake.
The Secretary will attend a Cabinet-level exercise with the President at the Department of Treasury that will focus on the immediate aftermath of a fictitious catastrophic earthquake in the United States. The exercise will examine the federal incident management policies and practices for the response to and immediate recovery from an incident of this magnitude.
Still not done for the day, Geithner will then attend a meeting of the Pension Benefit Guaranty Corporation at the Department of Labor.
In the evening, Geithner will host a private dinner with business leaders at the Treasury Department.
So after Geithner gets the skinny on how the government will perpetuate itself post-catastrophe (which I imagine will have more to do with angry mobs than earthquakes, though I do not rule out some major natural disasters coming down the pipeline, including a financial earthquake), he will share this info with his dinner guests, as the cigars are passed around for after-dinner conversation.
ReplyDeleteCMD,
ReplyDeleteDon't forget about the backslaps and handshakes getting passed around, too.