The man isn’t corrupt, you see, he’s just terribly incompetent. Feel better? You’re welcome.

Secretary Geithner assured people on ABC’s This Week that the Troubled Assets Relief Program (TARP) fund still had $135 billion left. That’s pretty reassuring until you realize that there’s just one problem: It’s not true.

On “This Week” Sunday, Treasury Secretary Tim Geithner told me that there was about $135 billion left in the TARP fund, the government’s financial rescue package. But the Government Accountability Office, a non-partisan federal agency, reports that figure is closer to $32 billion, which is what ABC News and other independent analysts thought.

Wow, so the Treasury Secretary was only off by about $100 billion. Was he lying on This Week or is he just so incompetent that he can’t tell the difference between $135 billion and $32 billion? Either way, very pathetic.

By the way, the Treasury Department insists that Geithner is right and the GAO is wrong. Apparently it’s overestimating current commitments and “underestimating potential paybacks.” Which, um, means that the funds have already been committed and may very well not be paid back. Geithner claimed “we have roughly $135 billion left of uncommitted resources”. I think I’m gonna go with the non-partisan federal agency over the political appointee, who has shown himself incompetent with numbers before, here.

Via Hot Air.