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Subscribe to RSS“The Treasury secretary, Timothy F. Geithner, has told President Obama that he will remain in his position for the time being, the department announced on Sunday, ending speculation that he might step down soon,” the New York Times says.
"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," Geithner’s top spokeswoman said in a release yesterday.
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Another example of the genuine loyalty this President inspires in the people who work for him. I bet Geithner would love to leave the hot seat, but he's staying to serve his President, and the country. Has there ever been a more FUNCTIONAL administration in Presidential history? That would be a good topic for Doris Kearns Goodwin.
Tax cheat Geithner in April said there was "zero chance" of a downgrade.
Heckuva job, Timmy...
Obama is loyal to his incompetent cronies....
S&P never felt toxic financial transactions were a reason to raise a flag.
Heckuva job, S&P...
S&P is loyal to (you fill in the blank)
If Geithner had one ounce of pride in his bones, he'd resign.... Obama should fire the guy, but to do so now would admit failure, and with so many other failures the last couple years, this is not something he wants to do, especially so close to 2012
This credit downgrade is by no means catastrophic but it does signal the start of a potential downward spiral. Interest rates will surely rise because the credit markets are based on a risk/reward relationship. The rest of the world is now put on notice and our creditors will now demand higher interest rates for fear of not being paid back all of the principle being lent to us. The higher interest rate we incur on our debt, the higher the interest payments. The higher the interest payments, the larger our deficit becomes and so on and so on. This credit downgrade may just be the start of that vicious cycle.
Most fiscal conservatives were against the debt deal from the start because and thought it did not go far enough to solve the underlying financial problems that has historically plagued this nation. And now we have the largest deficit of all…a leadership deficit!
It’s about time people in Congress told us the truth…that politicians cannot do math! It’s a good thing the analysts at S&P can and this should be a wake up call to D.C!
Your too nice Geithner should stick a loaded gun to his head and pull the trigger.
so should obama,pisolotsi and ried,It would do us all a big favor cause we all know that everybody that dont agree withg them are terroist.
The democratic party has no leader. Somebody will have to step up and challenge obama for the nomination if they want any chance of keeping the White House. If they stay status quo then the losses they suffered in 2010 will pale compare to whats in store for them next year.
Way to go Geithner! Do not let the party of Hate (Tea -Baggers) run you away!
yes please stay until the elections since you are the only one left from the original group,please stay,that will be one more hole in his sinking ship.
Did Gethner hire Obama or did Obama hire Geithner????? Man must have no conscience
Without bad luck, poor decisions and failed programs Obama would have no luck, decisions and programs at all.
Great keep the idiot that can't pay his taxes. His only loyalty is to the banks. WAKE UP YOU FOOLS
Yeah right, poor poor Obama; he should take main streets advice and not listen to big corporate bankers and have them in his administration!
just the fact that america lost it;s tripple A credit rateing under obama;s watch should be the end of his re-election hopes.
so should pelosi,reid and obama
The lib news media and the ruling class should be so proud of electing this stupid person. Especially since the credit rating happen under his watch not even carter was that stupid.