Obamanomics: Its All About the Politics, Not the Economy … Geithner Says Debt Deal Must Remove Default Threat Through 2012 Election



If Democrats & Republicans cannot come to an agreement on a debt limit solution, let WE THE PEOPLE decide in the 2012 elections.

When it comes to the debt limit debate, the Obama administration seems to care more about the politics of the issue than the effects of it on the economy of the United States. One would think that all options should be on the table. If  the two sides cannot come to an agreement, then a short term deal should be put in place and then let the 2012 elections be the decider and “WE THE PEOPLE” will vote as to what we want as a solution. However, this is not the case with the partisan Treasury Secretary Timothy Geithner, as he only wants the “take default off the table for the next 18 months … through the election.”

Treasury Secretary Tim Geithner showed little enthusiasm for a two-tiered debt-limit vote being discussed in Congress Sunday, saying it “makes no sense” to leave the threat of default hanging until the next election.

Speaking on Fox News Sunday, Geithner reinforced President Obama’s position that any proposal from Congress needs to “take default off the table for the next 18 months … through the election.”

What is Geithner and President Barack Obama afraid of? Seriously, if Congress cannot come to a deal and the President refuses to show any leadership, as he has basically been taken out of the mix in the talks,then pass a short term deal and let the 2012 elections and the voice of the American voters be the determination as to how debt reduction should occur. Elections are supposed to have consequences. Let that be one of them of the 2012 elections. GOP Speaker of the House stated this morning on Fox News Sunday that the House would be releasing a new plan. However, the Democrats and Obama seem to be showing a lack of leadership and appear to be the “Party of No.”

More Obama paritan talk came from Geithner on ABC News ‘This Week with Christiane Amanpour.’ One would think that Geithner’s concern would be the economy, not being Obama’s parrot. Why is it  a test for Republican leaders in Congress, I thought the buck was supposed to stop with the President?

On ABC News’ This Week with Christiane Amanpour, Geithner added that “this is a critical test for the American political system.  It’s a critical test for Congress and for the Republican leaders in Congress, because the eyes of the world are on us.”

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  • Comments

    2 Responses to “Obamanomics: Its All About the Politics, Not the Economy … Geithner Says Debt Deal Must Remove Default Threat Through 2012 Election”

    1. A Texas Grandfather on July 24th, 2011 7:40 pm

      Well Timmy is Mr. Zero2 so what would one expect. The interview with Chris Wallace was amazing.

    2. Rino on July 25th, 2011 6:39 am

      It falls on congress because they control the purse strings. The President can submit a budget but it’s up to the congress to pass one.
      SM: Not when he can veto it.

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