Home > Politics > Timothy Geithner to stay at Treasury

Timothy Geithner to stay at Treasury

http://www.politico.com/news/stories/0811/60830.html

There is so much wrong with this article, I hardly know where to begin. OK, how about the title? When you have to say someone is staying even though there’s no official reason for him to step down? Hello, we have a problem. Sounds like damage control to me. And why would you want to get rid of someone who failed to pay his own taxes and has made history by presiding over the FIRST EVER downgrade of our countries’ credit rating. No, hang on to that dude; he’s special. And as usual, no facts come forth; no concrete evidence that S&P has been malicious in their actions. It’s the same old blame game. Geithner goes from, ‘it will never happen’ to, ‘it’s S&P’s fault’. It’s always character assassination time. They never own up to any mistakes and never have a plan to fix them since it wasn’t their fault. It was George Bush’s fault I’m certain.

“I think S&P has shown really terrible judgment, and they’ve handled themselves very poorly and they’ve shown a stunning lack of knowledge about basic U.S. fiscal budget math,” Geithner said. “And I think they drew exactly the wrong conclusion from this budget agreement.”

Does this actually work for anyone? Does this guy have a shred of credibility right now? After what he’s accomplished? So he’s going to stick around and help ease jitters. I’d say the market is responding well as I see the current drop at -476 points. Great decision. Come on 2012. Wake up America. We need to dump these guys before it’s too late.

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Categories: Politics
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