Former Treasury Secretary Timothy Geithner’s new book “Stress Test” is out and in it Geithner wrote that he was instructed to lie to the American people about Social Security adding to the deficit. What a surprise!
‘I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn’t contribute to the deficit. It wasn’t a main driver of our future deficits, but it did contribute,’ he says.
‘Pfeiffer said the line was a ‘dog whistle’ to the left, a phrase I had never heard before. He had to explain that the phrase was code to the Democratic base, signaling that we intended to protect Social Security.’ (Read More)
He also said Pfeiffer told him they didn’t want to “alienate their base” by cutting spending. Isn’t that typical of this administration? All they care about is pleasing their base of left wing radicals, and they have no problem lying to the American people. Just ask Susan Rice. Oh wait, never mind, she’ll just lie some more.
There was another episode he recounted from his first week as Treasury Secretary. He refused to feign outrage over how much money Wall Street executives were making, so instead Obama did it.
Geithner also recalled an incident in January 2009, having been on the job as secretary for less than a week, in which he rejected what a Democratic strategist wanted him to say at an Oval Office press event.
“I was supposed to have my first one-on-one meeting with President Obama,” Geithner wrote. “As I was about to walk into the Oval Office, Stephanie Cutter, a veteran Democratic operative who was handling our communications strategy, told me we would have a ‘pool spray,’ a photo opportunity for the White House press.
“The president and I would make brief remarks about executive compensation, responding to a report that Wall Street firms had paid their executives big bonuses while piling up record losses in 2008. ‘Here’s what you’re going to say,’ Cutter said.”
Geithner wrote that Cutter handed him the text, and he “skimmed the outrage I was expected to express.”
He wrote: “I’m not very convincing as an angry populist, and I thought the artifice would look ridiculous.”
According to his memoir, he told Cutter he wouldn’t do it.
“Instead, I sat uncomfortably next to the president while he expressed outrage. Americans were furious about bailouts for overpaid bankers, and the White House political team wanted us to show we were on the right side of the backlash,” he wrote. “The public outrage was appropriate … but I didn’t see how we could ever satisfy it. We had no legal authority to confiscate the bonuses that had been paid during the boom.” (Read More)
I don’t know how anyone can believe a word anyone in this administration says anymore.
H/T Truth Revolt