So in case the policy decisions of raising income taxes for the upper brackets and printing money to give away to large corporations (especially banks) were too subtle for you to understand the point, Geithner spells it out in this congressional hearing.
He's basically acknowledging that a tax on people making over 250k is going to directly impact small businesses. He acknowledges small businesses create the majority of jobs but continues to assert that we need the money to "stimulate the economy." He is saying that if the government shrinks, the Keynesian perpetual motion machine will break down and all the worthless government employees we pay for will have to find new jobs.
I'm glad someone in the administration is willing to admit they hate small business in favor of huge government and big corporations. At the same time, it's highly depressing he can openly admit it like this with basic impunity. (58,792)
This may be black and white enough to actually convict the bastard. We'll see how ballsy the Obama administration is and if they'll refuse to convict their lapdog or if they'll be forced to capitulate to what's bound to be a public outcry.
Apparently Geithner and the Federal Reserve Bank of New York knew about and possibly coerced AIG into illegally omitting some of the items on their balance sheet, particularly those belonging to [you guessed it!] GOLDMAN SACHS.
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