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Jack Lew received a $950,000 bonus after Citigroup was bailed out, now he is Barack Obama’s choice to head the Treasury Department

January 9, 2013

 In his first term Barack Obama didn’t seem to see the irony of nominating a tax cheat to head the Treasury Department because he basically claimed that despite his flaws Timothy Geithner was the best qualified person to lead the nation out of the  economic crisis. Everyone has to pay his fair share, except of course people like Timothy Geithner and John Kerry (who hid his multi-million dollar yacht to avoid paying taxes on it even as he called for higher taxes on the rich) so Timothy Geithner’s unwillingness to pay the taxes he owed was ignored by Barack Obama for the greater good.

  During his first term Barack Obama railed against the Wall Street fat cats who accepted huge bonuses while driving the economy into the tank. He especially berated Wall Street for handing out billions in bonuses after they had received bailout money from the government:

That is the height of irresponsibility,” Mr. Obama said. “It is shameful. And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility

   But as Barack Obama heads into his second term and no longer feels the pressure of another reelection bid he now feels much more flexible, as he told the  Dmitry Medvedev when he thought he was off-mike, and has decided to nominate Jack Lew to replace the tax cheat as head of the Treasury Department.

  According to this article Jack Lew was a chief operating officer of Citigroup while Citigroup was betting against homeowners paying their mortgages. Subsequently Citigroup received billions of dollars of bailout money and Jack Lew was awarded a bonus of $950,000 for his efforts.

  This was precisely what Barack Obama was claimed he was fighting against and now he has rewarded Jack Lew with a nomination to his cabinet. Whose side is Barack Obama really on?

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17 Comments leave one →
  1. January 9, 2013 9:52 pm

    It’ll take much more than this to stifle a yawn from me and so many others who know the political elites and their henchmen are above and beyond the reach if the law.

    Like

    • January 9, 2013 9:57 pm

      I agree, just wanted to point out Obama’s hypocrisy.

      Like

      • January 10, 2013 10:05 am

        Keep on fighting the good fight Steve… Thanks

        Like

      • January 10, 2013 9:56 pm

        I intend to! :)

        Like

  2. January 9, 2013 10:57 pm

    For someone that allegedly is upset with Wall Street, Obama certainly has his administration full of Wall Street types.

    Like

    • January 10, 2013 7:08 am

      He seems to have a bad habit of saying one thing and doing another, doesn’t he?

      Like

      • January 10, 2013 8:44 pm

        Yeah but nobody seems to care. That is the disconcerting part.

        Like

      • January 10, 2013 9:56 pm

        It sure is Harrison, just once I would like to see him called out!

        Like

      • Betrayed permalink
        January 11, 2013 2:03 am

        Actually Harrison the fact that none of the Wall Street, and banksters went to prison is something I really care about. The law is only to be used upon the helpless, not the wealthy and powerful.

        No banksters locked up in Pelican Bay, but they hurt a heck of a lot more people than all the gang bangers, and rapists there combined.

        Our “Justice System” is a joke.

        Lie, cheat, and steal, and banksters get a bonus. Steal a care get time.

        Like

  3. January 10, 2013 8:37 pm

    Where is the press?

    Like

    • January 10, 2013 9:57 pm

      Good question!

      Like

  4. Daniel J. Fortune permalink
    January 11, 2013 2:25 am

    Thanks Steve! Like the blogsphere you have here. I will reblog this. Please check us out at for liberty sake. I think you will appreciate our efforts to promote liberty literacy.

    Like

    • January 11, 2013 7:30 am

      Thanks for the compliment, I will be checking out you site.

      Like

  5. Daniel J. Fortune permalink
    January 11, 2013 2:26 am

    Reblogged this on 4 Liberty Sake.

    Like

    • January 11, 2013 7:38 am

      Thank you.

      Like

    • January 11, 2013 4:55 pm

      I took a look at your site Daniel and I came away with the impression that it’s a Libertarian and Ron Paul type of site… Am I correct in that thought?

      Like

  6. January 11, 2013 4:49 pm

    Nepotism maybe? Just sayin’…

    Like

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