Sunday, March 15, 2009

Honk if I'm paying your mortgage

Today tax cheat Tim Geithner, President Obama's pick to run the IRS and the only one capable to "guard the hen house" of the Treasury Department, took a second stab at presenting the plan to bail out home owners who bought houses they could not afford.

Geithner, who failed to pay $34,000 in social security payroll taxes while working for the International Monetary Fund, was questioned by members of the White House Press Corps. One reporter pointed out that he live in a house which cost less than two hundred thousand dollars and paid his mortgage payments on time, but under Obama's plan, he would be asked to pay the mortgage of someone who bought a house costing seven hundred thousand dollars ($700,000). Geithner responded, "It is good when we spread the wealth around."

Another reporter clearly caught Geithner off guard by asking, "How much is this all going to cost me?" Geithner appeared to be intensely concentrating on adding figures in his head, and finally answered, "How much do you have?"

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