His Is the Path of Destruction!

Why did Barack Obama appoint Tim Geithner Treasury Secretary? That is an important question that deserves an answer.

Here’s what Jim Cramer had to say before Mr. Geithner’s appointment in 2008 (thanks to ZeroHedge). "If Tim Geithner, the much praised and ballyhooed NY Fed Chairman gets to be Obama's Treasury secretary, and he looks like a shoo in for the job, let me just tell you something, we are done, we are kaput, we are finished, we are completely and royally hosed as a nation... Geithner should be facing a senate investigation, not a senate confirmation...I am predicting he will be a total disaster as he has been as a New York Fed Chairman. Please I am begging you: don't hire Tim Geithner, he is an academic and all he has going for him is that he is a Democrat."

Yet, Mr. Geithner was appointed by Mr. Obama and confirmed by the super majority Democratic Senate. After his sycophantic bailouts of Goldman and Morgan, et al, Mr. Obama handed him the keys to the American taxpayer’s wealth, which he along with Mr. Bernanke has destroyed.

Again, the question is why? Given Mr. Geithner’s record at the New York Fed, his total lack of experience in the private sector, and his incompetence as Treasury Secretary, why would Mr. Obama look to him to solve our financial crisis?

There is only one rational and reasonable answer. Mr. Obama does not want to solve our financial crisis. His is the path of destruction!