Sunday, July 13, 2014

Watch Bill Gates Kiss Up to Tim Geithner

In a review of Tim Geithner's book, Stress Test, which hides more than it reveals about Geithner (SEE: "Stress Test" Reviewed: Tim Geithner Is "A Grifter, A Petty Con Artist"), establishment elitist Bill Gates writes this:
When I ran Microsoft, I sometimes thought I had a tough job, especially when trying to manage the company and deal with a federal anti-trust trial at the same time. But I came away from this book thinking my job was pretty easy compared with what Geithner signed up for. Unless you’re a soldier on active combat duty, you’re likely to think the same thing.

. In my view, he’s a smart, humble, non-ideological guy...
If that isn't bad enough, in the review, Gates distorts the entire Great Recession by giving the impression that Geithner's bailouts of crony Wall Street actually saved the economy from, get this, shantytowns. I am not making this up. Yes, take money from taxpayers and give it to Lloyd Blankfein and you are preventing shantytowns! Here's Gates:
For all of Geithner’s actual or perceived mistakes and the horrible optics of bailouts and bonuses, he and his colleagues at Treasury and the Federal Reserve deserve credit for keeping the world economy from going over the cliff. We easily could have had a devastating depression with breadlines and shantytowns all over the country and, indeed, the world.
Sadly, it appears that Gates has adopted the crony worldview of his crony buddy Warren Buffett.

1 comment:

  1. "An arrow may fly through the air and leave no trace ; but an ill thought leaves a trail like a serpent." Charles Mackay