Geithner Says Happy Days are (Nearly) Here Again

The economy is in free fall but have no fear, the Obama Administration knows exactly how to handle it.

First, make sure the Tax Cheat is out there declaring that the worst is over. (We'll overlook all the other reports that might indicate otherwise, such as "Feds preparing bankruptcy for Chrysler," and "Feds may remove Citigroup CEO." Also overlooked, "Bad assets triple for banks," and "Germany in explosive mood as second wave of banking problems surfaces." The Swiss banking giant Credit Suisse is warning that government action may make things worse but surely no one will notice. The lights are going off in parts of France as the press warns that "France at risk of 'revolution' -- a story you have to read to believe -- while in Jamaica the army is deploying ahead of tax increases! About the only good economic news is that Ford's first quarter report was a lot better than expected; only in these times is good news losing only $1.4 billion.

Second, make sure that the national conversation talks about something else, like closing Gitmo and looking at new photographs of alleged "detainee abuse" from six or seven years ago. This has the added value of distracting from the congressional hearings on global warming and the carbon taxes the progressives wish to enact on each and every one of us. While we are "booing" and "hissing" the evils of the Bushitler "overseas contingency operations" we won't be "booing" and "hissing" the evils of the Obamessiah's over-reach on socialism at home.

And if those aren't enough, a compliant media will find something totally different, this time out of Mexico and the American Southwest: a pandemic threat! This is not to say there isn't a real threat, but it's a little early to say that we're all doomed.

There are a couple of hot stories that are not being well reported in the mainstream. I hope to have a little something on them later today, if other duties do not interfere.