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Taco John
08-07-2011, 02:15 PM
Senator Paul Calls for Treasury Secretary Geithner to Resign

WASHINGTON, D.C. – Sen. Rand Paul today issued a statement calling for the resignation of U.S. Treasury Secretary Timothy Geithner from his cabinet post, effective immediately, for his gross mismanagement of federal economic policy and for his role in the first-ever downgrade of United States debt.

“Secretary Geithner assured everyone that raising the debt ceiling without a plan to balance the budget would not result in a downgrade to our debt,” Sen. Paul said. “He was clearly wrong. Our debt has been downgraded for the first time in history, and now American taxpayers will have to suffer the consequences”

This is not the first time Secretary Geithner and his team have failed to correctly diagnose or manage an economic problem. During his tenure at the Federal Reserve and as Treasury Secretary, Secretary Geithner has had a direct role in the failure of the Fed to diagnose and act on the housing crisis. He presided over bank bailouts, auto bailouts and failed trillion-dollar stimulus plans.

Last year, he announced to the American people “welcome to the recovery,” when in fact the our economic crisis has continued. He has contributed not only to the first-ever debt downgrade, but is on the record as clearly disputing it could ever happen.

“There is plenty of blame to go around. Both parties have contributed to our $14 trillion debt. But it is hard to say this crisis wasn’t predictable, because it was. House and Senate conservatives clearly predicted this, and also offered the only solution that could have prevented our downgrade with our Cut Cap and Balance plan,” Sen. Paul continued. “We must rescue our finances through a Balanced Budget Amendment, and we must do it soon. We must cut spending immediately. And we must get new leadership, and put in place people who have seen problems coming and offered credible solutions, rather than those who continue to misdiagnose and mismanage our economy.”

http://www.randpaul2010.com/2011/08/senator-paul-calls-for-treasury-secretary-geithner-to-resign/

orange
08-07-2011, 02:18 PM
Timothy Geithner staying on as Treasury secretary
[Updated] August 7, 2011 | 12:32 pm 3


Treasury Secretary Timothy F. Geithner will not be stepping down, a Treasury Department official said Sunday, ending speculation that the key Obama administration advisor was preparing to resign.

"Secretary Geithner has let the president know that he plans to stay on in his position at Treasury. He looks forward to the important work ahead on the challenges facing our great country," said Jenni LeCompte, assistant secretary for public affairs.

[Updated at 12:38 p.m. Aug. 7: President Obama asked Geithner to stay and "welcomes his decision," said White House Press Secretary Jay Carney. Geithner is expected to remain as Treasury Secretary at least until the fall of 2012.]

Geithner's decision means President Obama will avoid a difficult Senate confirmation fight to fill the position amid financial market turmoil that could be further roiled by Standard & Poor's decision Friday to downgrade the U.S. credit rating.

Geithner played a key role in the negotiations over the recent increase in the U.S. government's debt ceiling and is likely to be a major player as the administration works with Congress to enact the $2.1 trillion to $2.4 trillion in spending cuts that are part of the deal allowing the ceiling to rise.

The last remaining original member of Obama's top economic team, Geithner had been considering stepping down after the debt cap was raised. His teenage son is returning to New York this fall to finish high school.

http://latimesblogs.latimes.com/money_co/2011/08/timothy-geithner-will-stay-as-treasury-secretary.html

Taco John
08-07-2011, 02:20 PM
Looks like both sides are digging in for a fight.

CoMoChief
08-07-2011, 02:21 PM
Geithner deserves to be locked away in prison with ol' Bubba

BigChiefFan
08-07-2011, 02:22 PM
Tax dodger. He should fall on his sword.

BucEyedPea
08-07-2011, 02:35 PM
Geithner was with the NY Fed Reserve bank, a key player in the debt crisis of 2008. Wtf why did Obama ever appoint him for?

Taco John
08-07-2011, 02:38 PM
Geithner was with the NY Fed Reserve bank, a key player in the debt crisis of 2008. Wtf why did Obama ever appoint him for?

That should be obvious. Goldman and Sachs was his largest contributor.

KCWolfman
08-07-2011, 03:05 PM
He has a valid complaint. We have never suffered a downgrade and Mr. Geithner is at the wheel.

Chiefshrink
08-07-2011, 03:59 PM
Timothy Geithner staying on as Treasury secretary
[Updated] August 7, 2011 | 12:32 pm 3


Treasury Secretary Timothy F. Geithner will not be stepping down, a Treasury Department official said Sunday, ending speculation that the key Obama administration advisor was preparing to resign.

"Secretary Geithner has let the president know that he plans to stay on in his position at Treasury. He looks forward to the important work ahead on the challenges facing our great country," said Jenni LeCompte, assistant secretary for public affairs.

[Updated at 12:38 p.m. Aug. 7: President Obama asked Geithner to stay and "welcomes his decision," said White House Press Secretary Jay Carney. Geithner is expected to remain as Treasury Secretary at least until the fall of 2012.]

Geithner's decision means President Obama will avoid a difficult Senate confirmation fight to fill the position amid financial market turmoil that could be further roiled by Standard & Poor's decision Friday to downgrade the U.S. credit rating.

Geithner played a key role in the negotiations over the recent increase in the U.S. government's debt ceiling and is likely to be a major player as the administration works with Congress to enact the $2.1 trillion to $2.4 trillion in spending cuts that are part of the deal allowing the ceiling to rise.

The last remaining original member of Obama's top economic team, Geithner had been considering stepping down after the debt cap was raised. His teenage son is returning to New York this fall to finish high school.

http://latimesblogs.latimes.com/money_co/2011/08/timothy-geithner-will-stay-as-treasury-secretary.html

Of course because O'Marxist needs a 'yes man' at every post to complete his so-called 'transformation', I mean destruction of America:thumb: