Most transparent Administration ever, ad infinitum

It’s difficult to make Tim Geithner look good but the hapless Jack Lew, President Obama’s nominee for Treasury Secretary, is finding a way.

From Bloomberg’s Jonathan Weil:

An intriguing revelation from Lew’s Senate confirmation hearing last week was that he stood to be paid handsomely by Citigroup if he left the company for a top U.S. government job, under his 2006 employment agreement with the bank. The wording of the pay provisions made it seem, at least to me, as if Citigroup might have agreed to pay Lew some sort of a bounty to seek out, and be appointed to, such a position.

Yes, this sounds like a bonus… a bonus with a promise attached and the implication is obvious: “Jack, get back in high-level government and you take care of Citi and Citi will take care of you.”

This astounding conflict of interest is on top of the rest of the Lew fail-file:

Investor in Cayman Islands tax haven? Check. Recipient of a bonus and corporate jet rides underwritten by taxpayers at a bailed-out bank? Check. Executive at a university that accepted student-loan “kickbacks” for steering kids toward a favored bank? Check. Excessive compensation with minimal disclosure? Check.

In nominating clue-bags, yes men, those outside judicial and Congressional review, and crony capitalists like Lew, it’s easy to understand where the President stands; he’s one of them.

And if the media can’t see this, they’re blind and inept. If they can see it and don’t think it important enough to mention, they’re the political stenographers and puppets a few already admit to being. Either way, it’s bad.

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About Professor Mockumental

I enjoy almost all forms of parody, buffoonery, and general high-jinks. Satire has shown itself to be an essential societal need; I therefore humbly offer my services in such a manner. I enjoy mocking the usual suspects at the New York Times (Charles Blows, Moron Dowd, and the earth is flat guy) and Washington Post (Dana Milkbag, E.D. Dijon, and David Ignoramus). There are many others as well, but sadly, there are always too many targets and too little time.

Posted on February 22, 2013, in Uncategorized and tagged , , , , , . Bookmark the permalink. Leave a comment.

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