Using the booklet package and the geometry package together

Question

When I use the booklet package alone, it works just fine and produces the output I expect. However, when I combine it with the geometry package, it produces really bad output.

Here's my MWE. First, I comment out the geometry package:

\documentclass[11pt]{article}
%%\usepackage[landscape]{geometry}
\usepackage[print]{booklet}
\usepackage{lipsum}
\setpdftargetpages
\begin{document}
\lipsum[1]
\newpage
\lipsum[2]
\newpage
\lipsum[2]
\end{document}

which gives me the following output. Notice the results are in portrait format - I want landscape:

Here are results from the same file with the geometry line uncommented. The orientation is in landscape format, but the margins are all wrong. Notice how the text clips on the first page and overlaps on the second:

How can I make the geometry package work with the booklet package? I am using TeXLive 2012, by the way.

p.s. My apologies for the unscaled images.