Administration urges geithner to stay...

[tonymctones]

B/c he has done such a great job thus far  

http://www.msnbc.msn.com/id/44051614/ns/business-stocks_and_economy/?gt1=43001

U.S. Treasury Secretary Timothy Geithner has told President Barack Obama that he intends to stay on the job, Treasury said in a statement on Sunday afternoon.

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

Geithner had indicated he might leave after a debt-limit increase was approved, but administration officials indicated that both Obama and the White House chief of staff had urged Geithner not to leave now.

[Soul Crusher]

Rewarding failure and incompetence, the Obama way! 

[tu_holmes]

We know why he doesn't want him to go.

It would require a confirmation and right now, there's no way you could get someone Obama wanted confirmed.

It would be fucking impossible.

[Soul Crusher]

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Geithner: S&P showed terrible judgment
Associated Press ^ | 8-8-11 | MARTIN CRUTSINGER
Posted on August 7, 2011 9:57:45 PM EDT by Justaham

WASHINGTON – The credit rating agency Standard & Poor's showed "terrible judgment" in lowering the U.S. government's credit rating, Treasury Secretary Timothy Geithner said Sunday.

"They've handled themselves very poorly. And they've shown a stunning lack of knowledge about the basic U.S. fiscal budget math," Geithner said in his first public comments about the credit rating decision.

Interviewed on CNBC, Geither said that U.S. Treasury securities were just as safe now as they were before S&P announced its downgrade. He predicted that China and investors would remain strong purchasers of U.S. government debt.

Republicans have blamed President Barack Obama for the first-ever downgrade of the government's credit rating.

But Geithner said Congress owns the credit rating because the Constitution gives Congress the power to tax and spend.

Late Friday, S&P announced it was lowering its rating for U.S. debt one notch from AAA to AA+.

The other two major credit rating agencies, Moody's Investor service and Fitch Ratings, have not lowered their AAA ratings, although they have warned of a possible downgrade if more is not done to deal with soaring federal deficits.

(Excerpt) Read more at old.news.yahoo.com ...

[tonymctones]

We know why he doesn't want him to go.

It would require a confirmation and right now, there's no way you could get someone Obama wanted confirmed.

It would be fucking impossible.

a rational person might view that as a good thing

[Vince G, CSN MFT]

Rewarding failure and incompetence, the Obama way! 

Why would it be his fault for...he had little to do with the deal that was reached.  Both parties in the legislative branch are to blame for not coming to a proper deal in a suitable amount of time. 

[Soul Crusher]

Why would it be his fault for...he had little to do with the deal that was reached.  Both parties in the legislative branch are to blame for not coming to a proper deal in a suitable amount of time. 

Lmfao!!!!   He was the fool who drafted TARP, was a key man on repeal of glass steagal, was head of the NY FED, and shilled for the stim bill and other bizarre policies of Obama. 



Bro - your posts are pure comedy and confirm everything I say about the 95 ers. 

[tu_holmes]

a rational person might view that as a good thing

I'm not inherently thinking it wouldn't be.

I'm just stating the overall fact... If G-Money leaves, then Obama has a huge fight on his hands... One he most likely can't win... Hence, why he wants G to stay.

[Soul Crusher]

I'm not inherently thinking it wouldn't be.

I'm just stating the overall fact... If G-Money leaves, then Obama has a huge fight on his hands... One he most likely can't win... Hence, why he wants G to stay.

g Money -    Lmao!!!!!

[quadzilla456]

Please stay Timmy! We need you, we want joo!!! 

[tonymctones]

I'm not inherently thinking it wouldn't be.

I'm just stating the overall fact... If G-Money leaves, then Obama has a huge fight on his hands... One he most likely can't win... Hence, why he wants G to stay.

LOL i agree with that but he could also use that as more fodder for the straw man liberals that believe pelosi isnt far left to say, "you see, they are just against everything period"

in my honest opinion its pretty much the only shot he has at re-election at this point. To paint the reps as obstructionist that will say no to anything he tries.

[tu_holmes]

LOL i agree with that but he could also use that as more fodder for the straw man liberals that believe pelosi isnt far left to say, "you see, they are just against everything period"

in my honest opinion its pretty much the only shot he has at re-election at this point. To paint the reps as obstructionist that will say no to anything he tries.

Well, with the current way the economy is going, obstructing everything may be the only way to get shit done.

It worked for Bill Clinton in 94 which got him re-elected.

[tonymctones]

Well, with the current way the economy is going, obstructing everything may be the only way to get shit done.

It worked for Bill Clinton in 94 which got him re-elected.

I have no doubt that if obama and congress went on vacation till the election the economy would get better so maybe youre right.

[Vince G, CSN MFT]

Lmfao!!!!   He was the fool who drafted TARP, was a key man on repeal of glass steagal, was head of the NY FED, and shilled for the stim bill and other bizarre policies of Obama. 



Bro - your posts are pure comedy and confirm everything I say about the 95 ers. 

TARP was signed by President Bush, the repeal of Glass Steagal was initiated by a Republican and approved in 1999 which actually was one of the causes of the recession since it was to prevent companies like Citigroup from underwriting mortgage securities which is what the Stimulus Bill helped clean up.....   By the way, the Glass Steagal act had been in place since 1933 after The Stock Market Crash and the Great Depression. 


You really have no idea what you are talking about.  Try doing some research before commenting instead of just picking and choosing what sounds good for you.....

[Emmortal]

I agree with Geitner that S&P showed terrible judgement in the downgrade.  It should have been MUCH worse.

[tonymctones]

TARP was signed by President Bush, the repeal of Glass Steagal was initiated by a Republican and approved in 1999 which actually was one of the causes of the recession since it was to prevent companies like Citigroup from underwriting mortgage securities which is what the Stimulus Bill helped clean up.....   By the way, the Glass Steagal act had been in place since 1933 after The Stock Market Crash and the Great Depression. 


You really have no idea what you are talking about.  Try doing some research before commenting instead of just picking and choosing what sounds good for you.....

LOL so what about the numerous reps that tried to reinstall it?

who controlled congress when it was repealed?

hmmm...

you talk out of your ass quite a bit there vincent...