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Jack Lew spew.......

REO 54

Midas Member
Midas Member
Jul 4, 2010
All is well apparently......nothing to worry about Pffffft!

Jack Lew: U.S. Ending the Year Well Positioned:

Lew on Iran nuke deal, economy

When it comes to the growth in the U.S., Treasury Secretary seems very optimistic. During an interview with the FOX Business Networks Maria Bartiromo he said the economy is in a “far better place than it was years ago.”

“We're seeing steady growth, we've seen enormous job creation over this period of time, we're seeing the unemployment rate around 5% and we're seeing that growth, in spite of the fact that there's a lot of headwinds from a slower global economy,” he said.

He said the U.S. will end the year “well positioned.”

“I think if you look at where we ended the year, we have a good, stable platform for growth, more clarity in the tax code, more investment in infrastructure, we've reversed the kind of downward pressure, the drag coming from, you know, sequestration by having sensible cuts that are being used to restore that spending that we need to invest in education and other things for the future,” he said.

He hopes to take on tax reform in the New Year.

More on this...
“We have a broken business tax code and I think that's something that we have recognized for years and proposed tax reform and Republicans have recognized for years. I hope we can sit down and work together in a bipartisan basis to deal with this. We have so many loopholes and deductions that we have a statutory tax rate that’s the highest in the world,” he said.

He also sees a pent-up demand in housing.

“One thing I know is that people who have put off forming new households, aren't going to stay in that extra room or in the shared house forever,” he said.

He also discussed entitlements and retirement.

“People shouldn't panic about Social Security. The problem is, Social Security was never intended to be a sole source of retirement income. It was always thought of as part of a pension, savings and Social Security. Now, we know that people are seeing less and less, kind of, defined-benefit pension plans in their compensation. That puts all the more importance on saving for retirement. And the people who have the most trouble saving are people at firms that don't offer things like 401(k)s, people who are kind of at the start of their careers with modest incomes,” he said.

In addition, he explained how people could start saving for retirement.

“What we did, which I think is a really important innovation, we started something called MyRA. MyRA is a simple, safe and affordable way for people to get started saving for retirement. You can put away as little as $5 a pay period and see how that adds up over time. All you have to do is go to MyRA.gov. You're putting your retirement savings in the safest investment possible, U.S. Treasury securities.”

When asked whether he plans on staying with the Administration until the president ends his term he said: “I come to work every day asking what can I do to help grow this economy to create more opportunity for middle class Americans and make America safe in the world. It's a privilege to serve and that's what I'm doing.”

Video at link:



Killed then Resurrected
Midas Member
Site Supporter ++
Apr 2, 2010
You can't get there from here.
Jack Lew, budget used car salesman, "Only driven on Sundays to temple, by a little old lady, never over 25 mph".

Sell that crap elsewhere, scumbag.


Dimly lit. Highly reflective
Midas Member
Site Supporter
Mar 31, 2010
State of Jefferson
So what did you expect, the truth?

Unemployment hovers at around 42%

SS is an income tax that fed.gov has been using to plug gaps in the annual budget, and more akin to a Ponzi scheme with unfunded liabilities into the tens of trillions of E-FRNs.

Young Americans can expect NEVER to move out of mom and dad's place, and the only way to ensure that they inherit a roof over their heads is to stay put and make sure that the parents don't get suckered into a reverse mortgage, because the combination of their pension and SS is barely enough to afford both heat and dog food.

We need to further amend the tax code so that small business owners can scrape by in order to compensate for the massive tax breaks which are provided to fascist luminary corps and TOO BIG TO PAY TAXES Banksters.

I am hoping to re-join the ranks of private business ASAP, because I don't want to go down in flames with Barry and his incompetent ilk in the inevitably epic collapse which the fed has been artificially preventing since 2008.

Did I miss any of the truth?

Am I fired now? What a relief!