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Guest Post: The Treasury Department Endorses Lying To The Public

Tyler Durden's picture





 

Submitted by Damien Hoffman of Wall St. Cheat Sheet

If you or anyone you know still believes the government (or the media) tell us only the truth, please pass them this direct admission that lying is a primary strategic device for so-called “authority figures”:

[T]he Treasury Department said that any review of [patently misleading and false] announcements last year “must be considered in light of the unprecedented circumstances in which they were made.

Translation: when our elected representatives and their appointed officials believe we need to be manipulated, they rationalize their lies based on whether they think we need them at the time.

I am not naive. I firmly believe we have a problem with ignorance and sheeple in our country. However, the only way to fix the problem is to distribute more accurate information — not the opposite. Further, for those of us who work hard to stay educated, we expect to be treated like adults!

In this specific case, the Treasury Department’s lies (via Hank Paulson) encouraged people to hold their investments. Therefore, if you listened to Paulson et al, you literally lost your hard earned money and life savings. Last time I checked, citizens should not expect to get fiscally hosed by their Treasury Secretary.

To be fair, this is not only a Wall Street and Washington problem. Seemingly, most public discourse these days centers around complete lies, myths, and other rhetorical strategies aiming to put insular interests ahead of what’s best for the nation. It’s time to demand at least our public stewards accurately explain the true state of affairs so we can make informed decisions.

 


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Tue, 10/06/2009 - 15:57 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

"However, the only way to fix the problem is to distribute more accurate information"

 

Actually, the only way to really fix the problem is our good old friend gravity.

 

http://www.entertonement.com/clips/vltkvmbkmk--Level-6-SurvivalistDale-G...

Tue, 10/06/2009 - 16:01 | Link to Comment ZerOhead
ZerOhead's picture

Say what you want about Hank But I have to admire his inate sense of timing.

Who else could have left GS divestment banking at the height of the bubble with $600 MM from selling the crap the company itself eventually made billions on "shorting". (AIG)

Then ends up as a principal architect of the industry bailout. Wow... that's just plain lucky.

A true American patriot. He shall no doubt be remembered as such.

Tue, 10/06/2009 - 16:06 | Link to Comment snorkeler
snorkeler's picture

Only a master of evil Darth.

Tue, 10/06/2009 - 18:58 | Link to Comment bonddude
bonddude's picture

It's because he's a Christian "Scientist."

One smahhhht coookie.

Tue, 10/06/2009 - 16:03 | Link to Comment Anonymous
Tue, 10/06/2009 - 16:03 | Link to Comment TumblingDice
TumblingDice's picture

If you believe a word Ben Bernanke, Hank Paulson or Turbo Timmy say, you are a fucking idiot.

Tue, 10/06/2009 - 16:10 | Link to Comment deadhead
deadhead's picture

+1

sometimes the most succinct posts are the best of the day.  this one gets my pick.

Tue, 10/06/2009 - 16:57 | Link to Comment Miles Kendig
Miles Kendig's picture

Deuces!

Tue, 10/06/2009 - 22:05 | Link to Comment ZerOhead
ZerOhead's picture

Ha ha ha... even idiots don't believe these clowns.

Wed, 10/07/2009 - 09:57 | Link to Comment Anonymous
Wed, 10/07/2009 - 16:12 | Link to Comment Sqworl
Sqworl's picture

Be that as it may, those f**cking idiots do as they please with our money!

Tue, 10/06/2009 - 16:06 | Link to Comment koaj
koaj's picture

isnt Bones on tonight? who cares about this fed stuff

Tue, 10/06/2009 - 16:06 | Link to Comment Anonymous
Tue, 10/06/2009 - 16:07 | Link to Comment SWRichmond
SWRichmond's picture

we expect to be treated like adults!

May I restate?  I refuse to be treated like a child by my servants, and if anyone is going to treat anyone like a child, I will treat my servants like children.

Tue, 10/06/2009 - 16:09 | Link to Comment deadhead
deadhead's picture

btw rahm....don't try to blame this shit on Bush (yes, he was responsible as well, we already know that).  all of your guys are doing the same crap now.  bunch of phucking liars and your base knows it.  I cannot wait to vote against the freshman Dem from my district when he runs again in the midterms.

while i'm at it, I see your girlfriend Nancy Pelosi is on board with discussing a VAT....gee, that type of regressive tax certainly isn't a new tax on the middle class is it.

 

Tue, 10/06/2009 - 16:09 | Link to Comment Ruth
Ruth's picture

...under a polygraph

Tue, 10/06/2009 - 22:07 | Link to Comment ZerOhead
ZerOhead's picture

Personally I was thinking waterboarding. Our team needs pratice for the 2012 Olympics.

Wed, 10/07/2009 - 00:15 | Link to Comment Hephasteus
Hephasteus's picture

Sociopaths can pass polygraphs.

Wed, 10/07/2009 - 06:35 | Link to Comment Bob Dobbs
Bob Dobbs's picture

So can many people who are raised in places where lying is the norm: For example, the former USSR and its vassal states.  Many people, at that time, had to lie just to get by on a daily basis.  When that became the paradigm, the truth (formerly valued in the West) became the exception rather than the rule.  Those merry Socialists!

Tue, 10/06/2009 - 16:18 | Link to Comment Circumspice
Circumspice's picture

Last time I checked, citizens should not expect to get fiscally hosed by their [government figure].

Wut? Sure they should. Citizens should be outraged, and I'm all for piling on with accusations of officials abusing the public's trust. But, as with all matters where your representative's incentive structure isn't tightly aligned with your goals -- like much of politics and finance -- expectations are dangerous.

Tue, 10/06/2009 - 16:31 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"Seemingly, most public discourse these days centers around complete lies, myths, and other rhetorical strategies aiming to put insular interests ahead of what’s best for the nation."

Business as usual in Washington DC. It's only a lie when they say it's a lie. Otherwise it's an "incorrect statement" or the public was "misled" because they made "misleading public statements" so government officials "need to be more careful when describing their actions and rationale." All these terms came from the NY Times article.

I'm sorry but that's a load of crap. I need to be more careful when I'm walking on ice because I slipped and fell last time. Being careful has nothing to do with lying. You either lie or you don't lie. What the Treasury spokesperson was really saying is that they should be more careful lying next time so as not to get caught lying.

Half the problem here is that our fully owned and controlled corporate mass media won't call a lie a lie when it's coming from politicians or public officials or corporate leaders. In the NY Times article all those politically correct terms were used instead of saying the word "lie."

The other half of the problem is that we (as in We The People) continue to accept these lies as business as usual, nothing special, same ole same old. If we don't hold the liars accountable for their actions, we will only get more lies. To think otherwise is simply wishful thinking.

Of course, if we hold our leaders accountable, we might just have to hold ourselves accountable as well. And that won't do, will it. I hold out little hope for a reduction in public and private lying simply because the Treasury promises to be more careful in the future.

But that's just me. I'll be more careful next time.

Tue, 10/06/2009 - 16:44 | Link to Comment Anonymous
Tue, 10/06/2009 - 16:56 | Link to Comment Miles Kendig
Miles Kendig's picture

CD - Notice that this is the best that could be come up with? I would have hoped that folks with that level of intelligence(?) and education (HBS anyone) would do better. Standards and equivalence rears its head once more.

Wed, 10/07/2009 - 08:44 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I assume you're talking about the Treasury dept? Ya just can't get good public spokespersons these days. Back when I was knee high to a grass hopper, anyone with a college education could lie with the best of them. And not get caught.

Tue, 10/06/2009 - 16:46 | Link to Comment Project Mayhem
Project Mayhem's picture

My avatar lied.  Damn you Hank!

Tue, 10/06/2009 - 16:50 | Link to Comment Commander Cody
Commander Cody's picture

Truth.  You want the truth?  You can't handle the truth.

Tue, 10/06/2009 - 17:03 | Link to Comment You Cant Handle...
You Cant Handle the Truth's picture

+1

Tue, 10/06/2009 - 19:03 | Link to Comment TumblingDice
TumblingDice's picture

lol...nevermind

Tue, 10/06/2009 - 16:53 | Link to Comment Miles Kendig
Miles Kendig's picture

See Leo Strauss for the definition of what leaders are supposed to do with "truths" and "facts". It is noteworthy that both political parties in the US have adopted his political philosophy.

Tue, 10/06/2009 - 17:01 | Link to Comment Takingbets
Takingbets's picture

I tossed this guy 50 bucks for grilling the FED's attorney like he did. Although I wish he would have been more precise in his questioning, I'm glad he had the balls to at least ask questions in public. Here is the automated response I recieved for my contribution. It looks like I wasent the only one who appreciates his efforts.

------------------------------------------

Thank you, Central Florida. Thank you, America. We asked for your help, and you answered. A few days ago, we asked you to make a contribution to Alan's re-election campaign. Thousands and thousands of you did just that. You knew that Alan was under attack, and you rose up to defend him.

 As a result, Alan's reelection campaign has over $500,000 in the bank. Not lobbyist money. Not influence-peddling money. Your money. Alan owes nothing to anyone but you.

That puts us one-quarter of the way where we need to be. It will be a $2 million race next year, just like it was last year. But we've made real progress toward making sure that a Congressman with guts stays in Congress. If you'd like to help make more progress, then click that button below. Every dollar counts. And Alan says thanks. He knows we've got his back.
Tue, 10/06/2009 - 17:26 | Link to Comment Anonymous
Tue, 10/06/2009 - 18:30 | Link to Comment Anonymous
Tue, 10/06/2009 - 17:21 | Link to Comment waterdog
waterdog's picture

One of the best ways to limit this type of lying is to have penalties for this type of behavior. There does not seem to be a clear penalty applied to Paulson's lies. He states lying is for our own good. This is the same type of excuse given by the guy who holds up a bank to feed his family- it was for their own good. The bank robber gets 15 years- for his own good. We can thank Paulson for thinking about us while he lied to us, but he needs to get 3 years for what he did.

I remember when I was a kid and lied to my parents. I had a good reason most of the time. My old man beat my butt with a belt anyway. Eventually I learned there was not a good reason to lie.

Tue, 10/06/2009 - 17:33 | Link to Comment Anonymous
Tue, 10/06/2009 - 18:47 | Link to Comment Anonymous
Tue, 10/06/2009 - 18:54 | Link to Comment Moe Speeks
Moe Speeks's picture

The people in this country deserve everything they get due to the fact that they are just as greedy as the scum who runs this country and this economy. They want what those other people have so they are easily led to slaughter.

I have no pity for any fool who believes anything The United States Government says.

Wed, 10/07/2009 - 06:59 | Link to Comment ToNYC
ToNYC's picture

1776 was a good year, so was 1789..Jefferson, Madison, OK ...lately HP and TG just don't measure up. TV didn't help keep the focus, but still works.

The problem with greed is that the more they sacrifice their souls to get it, the more worth less it becomes, since soul is what it's all about but they forgot.

Tue, 10/06/2009 - 19:27 | Link to Comment Anonymous
Tue, 10/06/2009 - 19:56 | Link to Comment glenlloyd
glenlloyd's picture

+1

Wed, 10/07/2009 - 16:17 | Link to Comment Anonymous
Thu, 10/08/2009 - 16:30 | Link to Comment Anonymous
Tue, 10/06/2009 - 21:08 | Link to Comment Fritz
Fritz's picture

They lied?

I'm stunned.

Tue, 10/06/2009 - 23:57 | Link to Comment Anonymous
Wed, 10/07/2009 - 07:26 | Link to Comment Anonymous
Wed, 10/07/2009 - 07:44 | Link to Comment ArkansasAngie
ArkansasAngie's picture

I've looked across the internet and ... AND ... there is not a single "comment" from any elected official on this report.  Not a Republican.  Not a Democrat.

Gee ... seems like they don't want to be on record.  Could that be that they don't want to comment because they knew about it already? 

I suggest you write your Congressional representatives and ask that they take a stand on this issue.

Remember: Vote -- it's the preferred method of throwing the bums out.

 

Wed, 10/07/2009 - 09:05 | Link to Comment Anonymous
Wed, 10/07/2009 - 09:39 | Link to Comment Anonymous
Wed, 10/07/2009 - 09:45 | Link to Comment Whatta
Whatta's picture
"We are not afraid to entrust the American people with unpleasant facts, foreign ideas, alien philosophies, and competitive values. For a nation that is afraid to let its people judge the truth and falsehood in an open market is afraid of its people."

John F. Kennedy, 1962

 

Oh for the days of the more Noble and Competent Liar to be our Leader

Wed, 10/07/2009 - 09:58 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

And we all know what "they" did to Kennedy, don't we? And please don't talk to me about a lone gunman. Have you ever noticed all political assassinations are perpetrated by lone gunmen?

Who had motive, means and opportunity? Why that would be those powerful people unhappy with Kennedy rocking the boat. Let's start our little investigation there and leave the CIA/FBI patsies alone.

Nuff said.

Wed, 10/07/2009 - 09:46 | Link to Comment Anonymous
Wed, 10/07/2009 - 09:46 | Link to Comment Anonymous
Wed, 10/07/2009 - 12:16 | Link to Comment Anonymous
Wed, 10/07/2009 - 14:14 | Link to Comment Anonymous
Wed, 10/07/2009 - 16:45 | Link to Comment Anonymous
Tue, 10/13/2009 - 01:54 | Link to Comment Anonymous
Tue, 10/13/2009 - 04:19 | Link to Comment Anonymous
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