Tuesday, February 3, 2009

O.P.M.

"OPM" or "Other People's Money" is good B-School jargon for how to succeed in business. Leveraging other people's money with your own skills to create value. But it now appears that this same concept could be leveled at the bulk of the Democrat party. Three of Barry O's nominees for positions seem to not understand how to pay their taxes:

"Nancy Killefer has decided to withdraw her nomination, and we accepted her withdrawal," Tommy Vietor, a White House spokesman, said Tuesday. The 55-year-old executive with consulting giant McKinsey & Co., was expected to explain her reasons for pulling out later in the day.

When her selection was announced by Obama on Jan. 7, The Associated Press disclosed that in 2005 the District of Columbia government had filed a $946.69 tax lien on her home for failure to pay unemployment compensation tax on household help.

Since then, administration officials refused to answer questions about the tax error, which she resolved five months after the lien was filed. Obama's first choice for commerce secretary, New Mexico Gov. Bill Richardson took his name out of consideration when his confirmation appeared headed toward complications because of a grand jury investigation over how state contracts were issued to political donors.

More recently, Timothy Geithner was confirmed as Treasury secretary despite belatedly paying $34,000 in income taxes and Tom Daschle is still waiting to see if his late payment of more than $128,000 in income taxes will harm his nomination to be health and human services secretary.


$34,000? $128,000??? This is so far past the point of credulity that it is laughable. At least Ms. Killefer had the decency to withdraw her nomination. The brilliant, indespensible brain thing, Tim Geithner is now running the Treasury Department which includes the...IRS! Daschle will probably get through simply because of the Senate Club Rules. Ordinary citizens go to jail over stuff like this...Republicans get crucified in public...Democrats? They get cabinet posts.

This is sickening.

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