LARRY SUMMERS ADMITS THAT OBAMA IS PLAYING POLITICS WITH STIMULUS PACKAGE!

THE HILL - (VIA GLENN - WHO MISSED THE POINT!): Geithner postpones unveiling TARP plan

Treasury Secretary Tim Geithner will postpone until Tuesday his new plan to boost the financial system with the rest of the $700 billion bailout money, one of President Obama's top economic advisers said on Sunday.

Lawrence Summers, the head of the National Economic Council, said on "This Week with George Stephanopolous" that the White House wants to keep the focus on the roughly $800 billion fiscal stimulus package making its way through Congress.

REPEAT:

the White House wants to keep the focus on the roughly $800 billion fiscal stimulus package

REPEAT:

the White House wants to keep the focus on the roughly $800 billion fiscal stimulus package

• SUMMERS HAS INADVERTENTLY EXPOSED OBAMA'S PORKAPALOZZA FOR WHAT IT IS: A SHAM WHOSE PASSAGE IS ONLY POSSIBLE IF THE NATION IS TERRIFIED OF TAKING THE TIME TO EXAMINE IT.

• REPEAT: A SHAM WHOSE PASSAGE IS ONLY POSSIBLE IF THE NATION IS TERRIFIED OF TAKING THE TIME TO EXAMINE IT.

• REPEAT: A SHAM WHOSE PASSAGE IS ONLY POSSIBLE IF THE NATION IS TERRIFIED OF TAKING THE TIME TO EXAMINE IT.

• OBAMA NEEDS THE NATION TO REMAIN IN CRISIS-MODE IN ORDER TO USE SCARE TACTICS TO PASS HIS PORKAPALOOZA.

• OBAMA KNOWS THAT WHEN GEITHNER ANNOUNCES A NEWER AND BETTER "TARP 2", WHICH FOCUSES ON BAILING-OUT BAD-BANK LOANS, THAT THE MARKETS WILL REBOUND SUBSTANTIALLY AND HE WILL LOSE THE MOMENTUM HE NEEDS TO PASS THIS HUMONGOUSLY WASTEFUL SOCIALISTIC BILL.

• AS I POSTED LATE LAST WEEK, THE GOP STRATEGY SHOULD BE TO STALL UNTIL AFTER THE GEITHNER ANNOUNCEMENT.

• THAT' TACTIC IS BETTER AND MORE IMPORTANT NOW, THAN EVER.

• PLEASE GOP, I'M BEGGING YOU: STALL UNTIL AFTER THE GEITHNER ANNOUNCEMENT!

• STALL UNTIL WEDNESDAY!

MORE ON SUMMERS HERE.

MORE HERE, TOO.

*******UPDATE: THANKS FOR THE LINK GLENN, AND WELCOME INSTAPUNDIT READERS!

GLENN SAYS HE DIDN'T MISS THE POINT. BUT HERE'S ALL THAT HE POSTED:

They won’t tell you what they’re doing with the money you already gave them until they make sure Congress is giving them still more.

I TOOK THAT TO MEAN GLENN'S POINT WAS ABOUT THE LACK OF TRANSPARENCY. THAT'S A GOOD POINT: THERE'S BEEN A TOTAL LACK OF IT - IN TARP AND THE STIMULUS PACKAGE. THAT'S A PROCESS POINT.

• MY POINT IS NOT ABOUT PROCESS; IT GOES TO MOTIVATION - TO WHAT'S MOTIVATING THE DELAY:

• MY POINT IS THAT THE DELAY IS NOT ABOUT TRANSPARENCY OR THE LACK THEREOF.

• IT'S THAT THEY'RE DELAYING THE GEITHNER ANNOUNCEMENT UNTIL AFTER THE STIMULUS VOTE BECAUSE THEY'RE AFRAID TARP2 WILL LEAD TO AN IMMEDIATE RECOVERY OF THE STOCK AND FINANCIAL MARKETS AND THIS WILL LEAD TO A DEFEAT FOR THEIR PORKALICIOUS SOCIALISTIC "STIMULUS" PACKAGE.