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	<title>JR Snell Capital Management, LLC &#187; politics</title>
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		<title>Revisionism Anyone?</title>
		<link>http://jrscm.com/2009/11/20/revisionism-anyone/</link>
		<comments>http://jrscm.com/2009/11/20/revisionism-anyone/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 08:39:06 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[fed]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[politics]]></category>
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		<description><![CDATA[Yesterday (11/19/09) on Capital Hill, Rep. Kevin Brady R-Texas got into a little a little &#8220;tiff&#8221; with Timothy Geithner (Treasury Secretary) during a Joint Economic Committee hearing. It seems that Rep. Brady rankled Mr. Geithner a bit by insisting that he resign, blaming him for rising unemployment, growing federal deficits and accounting flaws in the [...]]]></description>
			<content:encoded><![CDATA[<p>Yesterday (11/19/09) on Capital Hill, Rep. Kevin Brady R-Texas got into a little a little &#8220;tiff&#8221; with Timothy Geithner (Treasury Secretary) during a Joint Economic Committee hearing.</p>
<p>It seems that Rep. Brady rankled Mr. Geithner a bit by insisting that he resign, blaming him for rising unemployment, growing federal deficits and accounting flaws in the number of stimulus jobs created, among other economic problems.</p>
<p>All of the articles that I&#8217;ve read about the exchange focused on how unusually forceful Mr. Geithner was and how hot the debate ended up getting. <a href="http://www.foxnews.com/politics/2009/11/19/geithner-presses-congress-overhaul-flawed-financial-rules/?test=latestnews" target="_blank">Included in most articles is this statement by Mr. Geithner</a>:</p>
<blockquote><p>&#8220;The economy fell into the worst crisis in generations after almost a decade &#8212; certainly, eight years &#8212; of basic neglect of basic public goods, in health care, in education, in public infrastructure, in how we use energy.&#8221;</p></blockquote>
<p><strong>Whaaaaaat?</strong>  I thought it was a credit crunch, lax regulation, an irresponsible banking system colluding with a<a href="http://jrscm.com/wp-content/uploads/2009/11/timmy-hurts.jpg"><img class="alignright size-medium wp-image-603" style="margin: 6px;" title="timmy hurts" src="http://jrscm.com/wp-content/uploads/2009/11/timmy-hurts-300x166.jpg" alt="timmy hurts" width="300" height="166" /></a>n irresponsible public piling on debt they couldn&#8217;t afford to buy things they didn&#8217;t need. Since when was the current economic crisis caused by not addressing health care? Or education? Or how we use energy?  That&#8217;s pretty far out there&#8230; even for you Tim.</p>
<p>Seriously, Timmy&#8230; If this is what you believe caused the economic crisis, then maybe you should step down. That kind of a statement is either simple felony stupid or reckless historical revisionism to get political points.</p>
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