Geithner Playing Politics

[BigRob]

Geithner comments on the debt issue:

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

However, merely a year ago we saw this as Geithner testified before Congress:

I agree with almost nothing of what you said," replied a heated Geithner, charging President George W. Bush's leadership was to blame for the country's financial woes.

But Geithner still returned fire, blaming "almost a decade of public neglect," and the economic harm that it wrought on the country, on the Bush administration.

Typical...what else can we expect from our "leaders"? I wonder if this is the spin coming from the White House or just from Treasury..."it is the fault of Congress...except when it is not."

 

[Openmind]

Geithner comments on the debt issue:



However, merely a year ago we saw this as Geithner testified before Congress:





Typical...what else can we expect from our "leaders"? I wonder if this is the spin coming from the White House or just from Treasury..."it is the fault of Congress...except when it is not."

Bush (or . . .rather Cheney) is the one who got us into that very expensive "false" war in Iraq. He (or his puppet master) also proposed and campaigned for the "Bush tax cuts," and he also cut regulations on big banks and Wall Street. All three of those issues were a major part of taking us to the 2008 blow out of the economy. Then, he gave us the stimulus to try to fix the mess he left. And Obama did support the Stimulus, however it was Bush's stimulus, although it is now added to Obama's "budget deficit!"

Now. . .what "expensive" enterprise (except for supporting Bush's stimulus spending) that significantly added to the deficit did Obama engage in over the last 2 1/2 years?
Yes, Obama is also guilty of having given in to the GOP black mail regarding extending the Bush tax cuts, which added over 500 billions dollars to the deficit for the 2 yeas extension, and, if not allowed to expire (which, obviously the GOP will not allow, and this fear is also cited as one of the reason for the downgrade by S& P), it will cost over $1.5 trillion through the end of the decade. . .

Nice way to "deal with the deficit!"

 

[dogtowner]

Tax cheat Geitner has to go. He is about as qualified to do his job as Obama is to do his which is to say not at all.

 

[steveox]

See this is what Democrats do. They Dodge resignation. But when Republicans are forced to resign they accept it and move on. But Democrats have their own set of rules when someone calls for their resignation the Fight it AKA Bill Clinton and Charlie Rangel for example.