The reason I call Lew an idiot is because as he was trying to defend the Democrats for not passing a budget over the past 3 years he blamed it on Republicans filibustering the budgets. Only one problem. Senate budget rules don’t allow filibustering. So if this idiot doesn’t know rules and laws how do you think he will do running the Treasury? About as bad as Obama’s tax-cheat did.
Lew was also involved in the banking/housing crisis. At Citigroup (fat-cat banker), Lew was CEO of their Alternative Investment Unit. He invested in hedge funds that bet on the housing market to collapse. Lew profited from the collapse. On top of all this, Lew lied to the Senate Budget Committee.
From The Hill:
President Obama on Thursday nominated his “low-key” Chief of Staff Jack Lew to be the next secretary of the Treasury.
Obama described the Washington veteran as a master of policy and said he knew “very few people with greater integrity” in a ceremony in which he also lavished praised on Timothy Geithner, the man Lew would succeed if the Senate confirms him.
“When the history books are written, Tim Geithner is going to go down as one of our finest secretaries of the Treasury,” said Obama, who recalled having to convince Geithner’s wife to allow him to stay on for his full first term.
The man who stole trillions from taxpayers to reward/bailout his banking buddies and who help Obama spend trillions while accumulating the most national debt ever by a Treasury Secretary will go down as the worst ever. Obama thinks this is great.
“That is why, when he was considering leaving a few years ago, I had to personally get on my knees with Carol to convince him to stay on a little bit longer,” Obama said.
In picking Lew, Obama is elevating a trusted insider and budget expert to be his administration’s economic point man at a time when tax and spending fights are dominating Washington and financial reform is taking a back seat.
“Jack has my complete trust, I know I am not alone in that,” Obama said. “I hope the Senate will confirm him as quickly as possible.