Prediction: Geithner Gone by April 1st

I can be wrong, but I want to be on record with this prediction.

Wednesday 3/19: Senator Chris Dodd blames the White House for changes to the executive pay restrictions in the recent stimulus plan, which allowed for the AIG bonuses. Dodd claimed to have no knowledge of the bonuses.

It wouldn't be terribly difficult for the White House to point the finger at Chris Dodd, due to his past record of unbelievable mortage deals from Countrywide, and receiving more political contributions from AIG in 2008 than EITHER presidential candidate.

But instead Treasury Secretary Timothy Geithner admits to specifically asking for a loophole allowing for the bonuses to go through, claiming he was afraid the government would get sued otherwise. As if the government has never been sued. Heck, AIG has already sued the US Government over a tax dispute; talk about biting the hand that's holding the I.V.

It seems pretty clear that the administration has asked Geithner to fall on his sword for this one. He's not particularly popular, nor is he seen as competent. This presents a perfect opportunity for the President to identify a scapegoat while throwing a weak link under the bus.

I will refrain from saying anything too negative against Secretary Geithner, because I know people who have met the man and have had only good things to say about him as a person and his intelligence. Besides, the problem will not go away with him, nor will it until we are able to put a stop to the reckless government intervention that is taking a recession - a natural economic phenomena - and using it as an opportunity to transform the economic landscape of the wealthiest and freest nation in the world.

This AIG nonsense is just a ruse to distract us and channel our anger somewhere other than the government. Where's the outrage over Nancy Pelosi refusing to hold a vote over abolishing automatic annual Congressional pay raises? They've done such a great job too, shouldn't their pay increases be done away with?

But I digress. How about Jamie Dimon as the new Treasury Secretary? Nevermind the fact that's he's too smart to take such a job.