Bachmann Bill Would Ban Global Currency

Just yesterday I posted about a Congressional hearing in which Rep. Michelle Bachmann asked Secretary of the Treasury Tim Geithner to cite the Constitutional basis for all the new powers that the Obama Administration wants in order to go in and take over private businesses. Although the main crux of that post was the fact that Geithener was completely unable to answer that question, a new detail has emerged from that exchange.

During the hearing, Rep. Bachmann asked Geithner directly if he would "denounce efforts to move towards a global currency." Geithner answered plainly and unambiguously "Yes."

But the next day, Geithner did a complete turn-around and told the Council on Foreign Relations that the Obama Administration was "quite open" to the idea.

From The Politico:

"We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said. "The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he’s thinking about deserves some consideration."

As a result of Geithner's flip-flop, Rep. Bachmann has proposed legislation that would ban global currency and keep the U.S. dollar in the forefront of our economy.

According to The Hill:

Rep. Michele Bachmann (R-MN) has introduced legislation that would "bar the dollar from being replace by any foreign currency." A statement from Bachmann's website: “Yesterday, during a Financial Services Committee hearing, I asked Secretary Geithner if he would denounce efforts to move towards a global currency and he answered unequivocally that he would," said Bachmann. "And President Obama gave the nation the same assurances. But just a day later, Secretary Geithner has left the option on the table. I want to know which it is. The American people deserve to know." On Monday, Geithner and Bernanke both rejected the idea of a global currency in Congressional testimony. But in remarks to the Council on Foreign Relations yesterday, Geithner indicated he was open to the idea.

I guess Geithner was against it before he was for it. But, I should have expected no less from an Obama Administration official who didn't even bother to pay his taxes.

We need more Congressional representatives like Michele Bachmann. She is not afraid to ask the hard questions nor is she afraid to offend anyone by putting America's interests first.

You can access both news items on-line here:

Geithner 'Open' To China Proposal
Ben Smith
The Politco
March 25, 2009

Bachmann Bill Would Ban Global Currency
Eric Zimmerman
The Hill
March 26, 2009

Obama 'Embarrassed' By Geithner's Tax Problems, Highlights Hypocritical Double Standard Of The Democrats

The only place I've found this story is on Fox News and the Internet. I don't recall it ever being discussed in CNN or any of the left-leaning news networks.

Timothy Geithner evaded paying $34,000 in taxes while working for the International Monetary Fund and it has now come to light that he employed a housekeeper who did not maintain proper immigration papers. And yet, the leftist-leaning President-elect claims that it isn't such a big deal.

Was it not such a big deal when Linda Chavez had to withdraw her cabinet appointment when it came to light that she was employing an illegal alien? Clearly, we can see the double standards held by those who reside on the political left.

From Fox News:

President-elect Barack Obama labeled the tax problems of his choice for Treasury chief an embarrassment Wednesday, but said Timothy Geithner's "innocent mistake" shouldn't bar him from the post leading urgent efforts to revive the economy. ... Senators' reactions suggested they viewed his missteps more as embarrassing mistakes than as disqualifying misdeeds.

Again, the question must be asked: "Would they have this same attitude were the nominee appointed by a Republican President?"

I think we can safely say that the answer to that last question is: "No."

This whole sorry episode is a clear example of how the Obama administration will conducting itself over the next four years. They will think themsleves above the law and come up with every justification for excusing themselves while simultaneously screwing the American people with disastrous socialist policies.

Buckle up, folks! Timothy Geithner's case is just the first hill of the roller-coaster ride.

You can access the complete article on-line here:

Obama 'Embarrassed' By Geithner's Tax Problems
Fox News
January 14, 2009