Republicans Want Geithner to Walk The Plank After Credit Downgrade - Polidicks

FOX Republicans Want Geithner to Walk The Plank After Credit Downgrade August 06, 2011 [release]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.” Sen. Rand Paul, R-Ky., said Geithner should go due to his "gross mismanagement of federal economic policy" as president of the New York Federal Reserve and secretary of the Treasury Department, citing his "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," he said. "Last year, he announced to the American people 'welcome to the recovery,' when in fact our economic crisis has continued. He has contributed not only to the first-ever debt downgrade, but is on record as clearly disputing it could ever happen." Rep. Marsha Blackburn, R-Tenn., said the Obama administration “must get on board with Republican efforts to cut up the credit cards and put our economy back on the path to prosperity.” “The first step necessary in this process is for Treasury Secretary Tim Geithner to resign immediately,” she said. “It’s time for new fiscal leadership in Washington.” Rep. Michelle Bachmann, R-Minn., and businessman Herman Cain, both presidential contenders and Tea Party favorites, have also called for Geithner’s resignation. Geithner has faced calls to resign before. Republican lawmakers wanted him to leave in 2009 for what they deemed as a poor response to the deep recession following the 2008 financial crisis. He faced more calls last year amid a congressional investigation into the AIG bailout for decisions he made in his previous position as head of the New York Federal Reserve that may have led to banks getting billions more than necessary. But this time Geithner might not mind the resignation calls so much since he’s been trying to leave in recent weeks. Geithner, who’s been with the Obama administration from the beginning, told the White House earlier this summer that he was considering resigning after the debt crisis was resolved so he could join his family in moving to New York. But Obama and senior aides have been urging Geithner to stay until the end of the president’s term next year for continuity’s sake. Geithner has yet to make a final decision. The White House on Saturday blamed the bruising months-long battle in Congress to raise the debt ceiling for the downgrade. But administration officials also dispute the S&P analysis, saying it overstated U.S. debt by $2 trillion. “A judgment flawed by a $2 trillion error speaks for itself,” a Treasury spokesman said.[/release] Source: [url]http://www.foxnews.com/politics/2011/08/06/republicans-want-geithner-to-walk-plank-after-credit-downgrade[/url] Releated: [url]http://politicalticker.blogs.cnn.com/2011/08/06/huckabee-trump-should-replace-geithner/[/url]

While I don't doubt he was at least partially at fault, I'm sure there's a lot more people than just him who are responsible for all this.

When republicans want something you know it's totally justified and not insane at all

[QUOTE=Zeke129;31579902]When republicans want something you know it's totally justified and not insane at all[/QUOTE] I want our economy to be more reformed towards the Dutch system, good for the Lower-Middle-High class, am I insane?

Republicans want a lot of things. Does that mean we should give them it? No. Seriously thats a really fucking bad idea.

Poor things only got 98% of what they wanted.

Also fox as a source really? I thought we were against using opinion sources.

[QUOTE=Nikota;31579978]Also fox as a source really? I thought we were against using opinion sources.[/QUOTE] Is this your first encounter with Glaber?

[QUOTE=Doctor Zedacon;31579997]Is this your first encounter with Glaber?[/QUOTE] Noooooooo. I'm some faggot who frequents these parts way too much. I know of his ways and his inability to see reason.

I haven't heared FOX about the huge costs of all the wars you guys are fighting. It seems they think: "If we don't fight them there, they go shit on our lawns!".

you can't criticise glaber's use of fox news but allow sources from rightwingwatch and alternet.

[QUOTE=Dr_Funk;31580603]you can't criticise glaber's use of fox news but allow sources from rightwingwatch and alternet.[/QUOTE] real talk

yar, I think timmy here makes a fine pirate

[QUOTE=Dr_Funk;31580603]you can't criticise glaber's use of fox news but allow sources from rightwingwatch and alternet.[/QUOTE] Mm good point

[QUOTE]Sen. Rand Paul, R-Ky., said Geithner should go due to his "gross mismanagement of federal economic policy" as president of the New York Federal Reserve and secretary of the Treasury Department, citing his "direct role in the failure of the Fed to diagnose and act on the housing crisis."[/QUOTE] It's like from 2000-2008 Republicans didn't mind the impending doom at all.

[QUOTE=Dr_Funk;31580603]you can't criticise glaber's use of fox news but allow sources from rightwingwatch and alternet.[/QUOTE] neither of those have the same reach as fox news [editline]7th August 2011[/editline] fox news is a big giant news network supported by a massive multinational corporation. Rightwingwatch and alternet are really just a step above blogs.

[QUOTE=Lambeth;31580662]neither of those have the same reach as fox news[/QUOTE] what does that have to do with source quality

[QUOTE=Lambeth;31580662]neither of those have the same reach as fox news [editline]7th August 2011[/editline] fox news is a big giant news network supported by a massive multinational corporation. Rightwingwatch and alternet are really just a step above blogs.[/QUOTE] wat [editline]7th August 2011[/editline] its ok to use rightwing watch because its obscure and its not alright to use fox because its mainstream? do you happen to be a hipster lambeth?

[QUOTE=Dr_Funk;31580691]what does that have to do with source quality[/QUOTE] Just thinking why people criticize fox news

[QUOTE=Lambeth;31580724]Just thinking why people criticize fox news[/QUOTE] except this is facepunch, where far-left fringe sources are just as visible as fox is.

[QUOTE=Lambeth;31580724]Just thinking why people criticize fox news[/QUOTE] People criticize fox news because it's intentionally inaccurate.

[QUOTE=Lambeth;31580724]Just thinking why people criticize fox news[/QUOTE] um nah its because fox is right and rightwingwatch is left its like a guy wont criticize a hot chick for going out in public nude but will criticize a fat ugly chick going out in public nude, you dont argue with the things you like

[QUOTE=Dr_Funk;31580741]except this is facepunch, where far-left fringe sources are just as visible as fox is.[/QUOTE] So from what you're saying some sources can be invisible?

[QUOTE=Nikota;31580758]So from what you're saying some sources can be invisible?[/QUOTE] to the mainstream public - yes. i had never heard of alternet or rightwingwatch before using FP. the reason it prevails so much here is due to the disproportionate number of partisan left-wingers.

[QUOTE=Lambeth;31580724]Just thinking why people criticize fox news[/QUOTE] Because they were sued for lying, and the judge found that there is no obligation for news station to actually be factual.

[QUOTE=Dr_Funk;31580769]to the mainstream public - yes. i had never heard of alternet or rightwingwatch before using FP. the reason it prevails so much here is due to the disproportionate number of partisan left-wingers.[/QUOTE] Good job using words. And yeah, that's kind of how internet sites work. You hear about it from some place and learn of its existence.

[QUOTE=Nikota;31580793]Good job using words. And yeah, that's kind of how internet sites work. You hear about it from some place and learn of its existence.[/QUOTE] um ok?

Also. Isnt partisan basically another word for insurgents? I'm just saying this because people here are mostly anti Far right.

[QUOTE=Nikota;31580807]Also. Isnt partisan basically another word for insurgents?[/QUOTE] partisan is an old term for insurgent, yes, but you really haven't heard of partisan politics?

[QUOTE=Dr_Funk;31580810]partisan is an old term for insurgent, yes, but you really haven't heard of partisan politics?[/QUOTE] [QUOTE=Nikota;31580807]Also. Isnt partisan basically another word for insurgents? I'm just saying this because people here are mostly anti Far right.[/QUOTE] no [url]http://en.wikipedia.org/wiki/Partisan_%28political%29[/url] [quote]In politics, a partisan is a committed member of a political party.[/quote]