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August 08, 2011

Oh Goody, Turbo Tax Geithner Tells Obama He Will Remain as Treasury Secretary

Posted in: 2012 Elections,Barack Obama,Budget Deficits,Economy,Lost in Smallness,National Debt,Presidential Election

Obama … once again “Lost in Smallness” …

Treasury Secretary Timothy Geithner has told President Barack Obama that he will remain in his job until the 2012 elections. What a blessing for America, NOT! Since S&P has downgraded the US credit rating, there have been calls for Turbo-Tax Timmy to step down. Geithner has been part of the Obama economic team that has continually failed to turn the US economy around and instead get the US in more debt.

Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama’s longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.

But several developments have made his departure more difficult. The debt ceiling was raised with only hours to spare. The deal to tame the debt fell short of what Geithner and Obama wanted. The economy has suddenly taken a turn for the worse. And on Friday, Standard & Poor’s downgraded the U.S. credit rating for the first time. And the White House, worried that it would be hard to find a suitable replacement, pressured him to stay.

Of course Obama is going to keep Geithner, like he has a choice. Politically that is. If Obama had to replace Turbo Timmy he would be forced due to the pressure of the economic environment to put in place an individual that was more business friendly and someone who basically goes against the Obama agenda on the economy.

Jammie Wearing Fool opines, “Note satisfied with the destruction of the American economy, Timmy Turbo Tax assured his boss he’ll be staying on the job. There’s still more downgrading to be done, apparently.” Michele Bachmann responds.

Even though Obama had time to play golf this weekend, he still has not addressed the downgrade of the US credit rating. If you remember back, Obama was quick to comment on the arrest of his professor bud in Boston and make accusations of racial overtones. yet mum is the word when it comes to a huge issue like the US credit rating being downgraded. Just another example of this president “Lost in Smallness”.

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