Ed Driscoll

What's $100 Billion Among Friends?


Tim Geithner’s still making all the right moves:

On “This Week” Sunday, Treasury Secretary Tim Geithner told me that there was about $135 billion left in the TARP fund, the government’s financial rescue package. But the Government Accountability Office, a non-partisan federal agency, reports that figure is closer to $32 billion, which is what ABC News and other independent analysts thought.

As Ed Morrissey notes, “In other words, Geithner was off by $100 billion dollars. That’s not a rounding error; it’s a gargantuan mistake. Or a lie. Take your pick.”

Hey, a hundred billion here, a hundred billion there, and pretty soon, you’re talking about real money.

Related: And Geithner’s one of the nominees who made it onto the field. What about the guys who didn’t make the team? As Kaithy Shaidle notes, “Obama’s failed nominees don’t inspire confidence.”

That’s an understatement!

Update: How badly is the Obama nomination process going? Bad enough that the Gray Lady has even noticed.