Obama Nominates Chief Of Staff Jack Lew As Treasury Secretary

This past week has been filled with new nominations by Barack Obama, not to mention the nomination of Senator John Kerry to replace the outgoing Hillary Clinton. I told you that Treasury Secretary Timothy Geithner (yes, I often think of him when I make a mistake with a pencil and want to use his head for an eraser) was looking for the exit door back in October of 2012, along with Secretary of State Hillary Clinton. Well, Obama has nominated his chief of staff Jack Lew to replace Geithner.

“When history books are written, Tim Geithner is going to go down as one of the finest secretaries of Treasury,” Obama said.

Obama will be right, but only if Socialists are writing future history books. Otherwise, Geithner and Obama will go down in history as the most incompetent people to hold their respective offices.

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“I trust his judgement, I value his friendship, I know very few people with greater integrity than the man to my left,” Obama continued. “My loss will be the nation’s gain….Jack has my complete trust.”

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Well, anyone that Obama trusts we can trust right? We’ve all seen who he has placed in some of the highest positions in the country and they have proved “untrustworthy.” Not to get sidetracked, but he did select people like Hillary Clinton, Van Jones, Eric Holder, Valerie Jarrett and many, many more.

According to Guy Benson at Townhall.com:

Jacob “Jack” Lew is the current White House Chief of Staff. Before that, he served as the director of the the president’s Office of Management and Budget (OMB). During his tenure there, the president released an astonishingly reckless budget proposal that went down in unanimous flames on Capitol Hill. Lew’s term at OMB was smack dab in the middle of America’s dysfunctional budget-free bender, which is now approaching its fourth consecutive year. He presided over the ugly continuing resolution fight in the spring of 2011, as well as the bruising debt ceiling brawl that summer.

Lew attended Harvard and Georgetown Law. He’s not a stupid man and he knows how Washington works, so it’s not a stretch to conclude that he’s a serial purveyor of untruths. Two more cases in point: He falsely claimed that the 2011 debt deal’s “sequester” was Republicans’ idea, and made ludicrously inaccurate assertions about the FY 2012 White House budget he oversaw:

Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we’re not adding to the debt anymore; we’re spending money that we have each year, and then we can work on bringing down our national debt.”

Even left-leaning Politifact had no choice but to rate this claim “false.” Neither that budget nor Obama’s subsequent offering ever comes remotely close to achieving primary balance, let alone doing anything to reduce the national debt. Indeed, it was projected to add over $7 trillion to the pile. (The closest Obama’s FY 2013 budget came to balancing over the next decade — even with rosy growth and revenue projections — was a $617 billion deficit in 2017). Its 2012 predecessor was so reckless that even some liberals felt compelled to criticize it, prompting Lew’s outright lie. Unlike Geithner, Lew doesn’t appear to have any personal tax problems in his past, but that’ll be little consolation when he’s juggling trillion dollar coins in his office at the Treasury. Our national budget debacle is in some measure his handiwork and his legacy, so naturally he’s being promoted to a position of even greater authority

It seems that top Republicans on Capitol Hill are not so willing to just approve the Lew nomination. Fox News reports,

The top Republican lawmaker on the Senate Budget Committee fired a warning shot Thursday as President Obama prepared to tap Chief of Staff Jack Lew for Treasury secretary, vowing to oppose the nomination over a “false” statement Lew made about the national debt.

“Jack Lew must never be secretary of Treasury,” Sen. Jeff Sessions, R-Ala., said, calling Lew’s comments nearly two years ago “so outrageous and false” as to disqualify him.

Sessions was referring to a bitter Senate hearing from February 2011, when Lew attempted to defend statements he and Obama had made claiming their budget blueprint would get the country to a point where “we’re not adding to the debt anymore.”

Those statements, at best, stretched the truth. The White House budget plan at the time showed the public debt (which isn’t the entire debt) soaring from $11 trillion that year to nearly $19 trillion by 2021, driven by year-after-year deficits.

Yet Lew, appearing at a Senate hearing, tried to justify the claim that the government was not adding to the debt. He said the administration was merely referring to “primary balance” — or federal spending that does not count interest payments.

He repeated the claim before the Senate. “Our spending will not add to the debt,” Lew said. “It’s an accurate statement.”

I’m actually wondering how many Senators will oppose all these nominations that Obama has put forth in recent days when it comes time to put the chips down.

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