Geithner Walking the Plank??

[CalHunter]

Interesting political ploy. I don't necessarily disagree with the idea since I've always thought Geithner was in over his head and definitely was not "the only guy who understands TARP" as Obama said. However, I think Republicans should give a higher priority to pointing out that congress needs to figure out how to cut more of the deficit and offer proposals designed to achieve this rather than look for scapegoats. I think Obama would be wise to get somebody to replace Geithner as Geithner obviously doesn't have the skill set to help resolve these problems. But I see it as more critical for Republicans to offer a logical and compelling alternative plan for further reducing the deficit. They need to go on the offense with big plays instead of just playing a blame game. IMHO.




http://www.foxnews.com/politics/2011...dit-downgrade/

Republicans Want Geithner to Walk The Plank After Credit Downgrade

By Stephen Clark
Published August 06, 2011 | FoxNews.com
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With the U.S. losing its Triple-A credit rating for the first time ever, Republican lawmakers and presidential contenders are calling on President Obama to fire Treasury Secretary Timothy Geithner.

Standard & Poor’s decision late Friday to lower the nation’s credit rating to AA-plus is an embarrassment for Geithner who insisted in April that there was no possibility that the U.S. debt would be downgraded despite a warning from the credit agency.
“No risk,” Geithner told Fox Business at the time. When asked whether S&P was wrong and that the U.S. would keep its top credit rating, Geithner said, “Absolutely”

But Geithner changed his tune on Tuesday after Washington reached a last-minute deal to extend the nation’s $14.3 trillion debt limit in exchange for more than $2 trillion in federal spending cuts. S&P, one of the world’s three major credit agencies, said at least $4 trillion of federal spending needed to be slashed.
Geithner told ABC News that he wasn’t sure whether the deal was enough to avoid a downgrade.

“It’s not my judgment to make and they have to make that judgment,” he said. He added, “This is in some ways a judgment on the capacity of Congress to act and what this deal does is put us in a much better position to make those tough choices.”

Sen. Jim DeMint, R-S.C. said the president should “demand” that Geithner resign “and immediately replace him with someone who will help Washington focus on balancing our budget and allowing the private sector to create jobs.”

“For months he opposed all efforts to reduce the debt in return for a debt ceiling increase,” DeMint said. “His opposition to serious spending and debt reforms has been reckless and now the American people will pay the price.”

...Particle Quote of Article...

[Fieldmouse]

Geithner wants Republicans to force him out. He wants to leave but Barry is begging him to stay.

[Champlain Islander]

He needs to go along with all the rest. Failure shouldn't be tolerated.

[quote]
I would think Barry would be looking for him to go. Fact is his administration will ultimately hold the blame for this whole economic mess and we haven't begun to even see how bad it will get. It happened on his watch and that will be what sticks to his presidency. I expect at some time he will start casting people off trying to diffuse the blame. It won't work though...he owns it.

[Fieldmouse]

Obama refuses to accept any blame to date. In his mind, it's someone else's fault outside of his administration.