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Subscribe to RSSAs the deadline to raise the U.S. debt limit creeps nearer, Bloomberg is reporting that Treasury Secretary Timothy Geithner is mulling a departure from the administration after a deficit deal between Congress and the White House is forged.
[Geithner] signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.
Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to discuss private discussions.
Update: In an appearance with former President Bill Clinton at a Clinton Global Initiative event Thursday evening, Geithner said for the "foreseeable future," he will continue in his position. "I live for this work. It's the only thing I've ever done. I believe in it," he said, according to the AP. Geithner added: "We have a lot of challenges in the country and I'm going to be doing it for the foreseeable future."
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Can't happen a minute too soon.
I can't agree with you more kirby. The only troubling aspect of his departure is who will replace him. I know Turbo Tim is bad... and he has done more to harm the dollar than can be imagined, but who will fill in and how much worse can they make it?
Interesting day- Timmy decides to jump ship prior to the US hitting the iceburg and the President declines an invite from the Republicans to discuss debt reductions. How's your personal floatation device doing?
Yes indeed. Tim should go so he can start his tax cheating again.
Anyone who ever worked at Goldman Sachs needs to leave the Treasury, Regulatory agencies, etc.
Goldman Sachs created the problem everyone else has been forced to solved.
I liked Tim Geithner, but he's not active enough in making the banks pay the piper. At least he's not the crook Hank Paulson, who should spend the rest of his life in jail... But that's just not enough to want to keep him as Secretary.
It doesn't matter, the Republicans in congress will block any Obama nominee just to block it.
Kirby ~ If you want to start an argument, stop saying things I agree with.
So far you're 0 for 2 today.
I wonder if he ever paid all of his back taxes?
Anna -
Damn it. I was so looking forward to it, too. The day ain't over yet, though.
Hey Anna -
How about this? Eric Holder should be fired.
So Timmy wants out. Looks like he also now believes he's caused enough damage.
Geithner leaving, who cares? The assumption by Geithner and/or the President that the Debt Ceiling will be raised in a "deal" or otherwise is presumptuous. Why would anybody raise a Debt Ceiling that is disproportionately too high already? A Debt Ceiling is meant to stop spending short of insanity, and though the current $14.3 trillion Debt Ceiling is more than the United States can afford, thank God it's there. Both leave it where it is, and reduce spending.
I agree with Obama having signed in December 2010 the so-called Bush Tax moratorium extension, and since that was the one saving grace for him in 2010 and gained him popularity points, I wonder why he wants to flip-flop now? No presidential candidate espousing a tax increase has ever been elected. Obama had better drop the tax increase or he will go the way of Walter Mondale absolutely.
Of course Obama wants to flip-flop. Obama of course will flip-flop (and with no discussion of hypocrisy from the media), but he'll also conveniently forget (as will the media) about that other part of that deal, that being the $100 billion or so he wanted, and got, for additional unemployment benefits. That money of course will stay in place, because it is a "good cause". Of course, having a robust economy isn't a "good cause" for Obama, so that's why he needs all that money for unemployment benefits. Thats how carnival barkers like Obama conduct businesses, politics is nothing more than just another game of 3 Card Monte for Obama.
If Anna and Kirby agree, who am I to argue? Bye bye TG. Wish you had left long ago.
Obama sweetens to pot... Timmy boy has been useless, so Obama throws him as bait to get what he wants. Obama is ruthless and only motivated by HIS future not that of the country. See how easily he uses people for his own gains. He has deplorable ethics and no sense of what the heck a leader should be doing...
Either Timmy boy is in or out, baiting a vote to raise the debt limit is a joke a 6 year old could undertand.
How unfortunate that we have no 6 year olds in the congress. It would be better.
@ Kirby ~ Nope. 0 for 3. More questions than answers on more than one issue.
The reason I've never cared for Geithner or Summers is they are both from Wall Street. Some argue it takes one to know one, and where else does experience come from? But I think it's more like the fox guarding the hen house. We're talking about the very people who caused the Great Recession, some who should be in jail.
Now, my question for conservatives--who protect the rich investment bankers and speculators--why are YOU so against Geithner? I suspect it is only because he was on "Team Obama." Lame. Get your own Party cleaned up, for example get Vitter to resign, then maybe you'll be in a position to say something.
Most conservatives I know want to end the Fed and the associated criminal connection with the Treasury.
He should be leaving for a nice stint in jail
Clean sweep for the Obama economic team.
Christina Romer: Gone.
Larry Summers: Gone.
Austan Goolsby: Gone.
And now, Tim Geithner: Going.
None of them will be missed.
AtlasWillShrug -- Really? Then explain why Republican leaders like Eric Cantor, who is a speculator on Wall Street that would benefit if the US defaults, is not being called out the same way. Explain why the GOP/TP has tried to repeal finance reform, and have tried to block regulation of Wall Street--including speculators who were artificially driving up the price of gas. Explain why the GOP/TP refuses to end loopholes used to evade taxes by the very people who caused the Great Recession. And explain why you blindly support them.
The right-wing in this country are worse than hypocrites, they are truly stupid if they think defaulting is a good idea. The reason the president is not meeting with Republicans is because of this kind of intellectual dishonesty, not to mention unprofessional-ism of walking out of meetings.
Next on the list: Mr. Quantitative Easing Bernanke.
Bernanke and Geithner can discuss how they can "EXIT" this administration at their next steak dinner at Benjamin Steakhouse in NYC and afterwards, have several Gurkha's premier cigars and a bottle of Scottish Diva Vodka, at THEIR expense......unless they can get the IMF to pay for their departure dinner.
Next stop for Geithner: Assistant to Chicago's Mayor, Emanuel.
Next stop for Bernanke: Goldman Sachs.
"The reason the president is not meeting with Republicans is because of this kind of intellectual dishonesty, not to mention unprofessional-ism of walking out of meetings."
Yeah, don't want to even mention those TruePatriots in Wisconsin who fled the State's legislative sessions and not wanting to vote on legislation. Nah, I wouldn't call them "intellectually dishonest", just plain "intellectually deficient" to fulfill their duty as elected officials. Unprofessional.....yeah....I would even go so far to say they shouldn't be in office.
We don't want to mention how "transparent" Mr. Obama and this administration has been. Nah, all of his/their actions have been above "intellectually dishonest" and "unprofessional" [mandated Universal Health Care Reform back room deals ring a bell ?]. [sarcasm]
So, TruePatriot-445959.....are you picking and choosing ? You sound a lot like Mr. Obama.
Geithner, like the rest of them, know their boss B.O. will be removed in 2012 and don't want to be part of the losing team when the lose actually happens. Better to jump ship beforehand and attempt to save face by being able to say "oh well I was already gone by then, the disgust that voters showed wasn't related to me".
ldo - The difference between Walker & the GOP/TP in Wisconsin is that Democrats in congress are sincerely trying to reach across the aisle and compromise with Republicans, with various plans and debate over time in that process.
Boehner's own website has had an article with conservative economist's recommendation of 85% cuts and 15% revenue (albeit that ratio is based on good economic times). The Dems offered an 83/17 ratio. But now Republicans have gone to 0% revenue. It is clear that (like Wisconsin in which unions agreed to cuts) the GOP/TP in congress has no interest in balancing the budget, and in fact are willing to damage the economy in their goal to make President Obama a one-term president.
Back to the topic, you can criticize Geithner all you want. But be consistent and criticize the same pro-Wall Street policies of Republicans, who are therefore no different.
I forget which Senator it was, but one expressed my sentiments about Mr. Geithner perfectly when he said, "Mr. Secretary, I don't believe you should be fired....I don't think you should have ever been HIRED!"
its time for timmins to go, and what devil will replace him, mmmmm? its time for the FED to go. that would cut 1.6 trillion off the debt off the bat, the fed was created by these foreign fat cat bankers to preserve the value of the dollar, which has lost 97% of its value under the fed. fire them, the government can print money just fine. the other thing that will turn around the failing economy is to reinstate the glass steigall act that the same fat cat bankers had clinton and bush 2 dissolve so they could gamble on housing loans and loot the economy. that would bankrupt the fat cat bankers who are now going after your savings and pensions, to complete the looting of the baby boomers and their grandchildren. obama wont do this because he is the token sock puppet that was put in power by the same internationalist anglo-american banking power elite, who hate the american middle class, their wealth, and freedoms. what has changed under obama, the american middle class is shrinking fast and our freedoms are shrinking just as fast. obama does one thing and says another, and because he has some african heritage, you racist libs cant figure out that he is just as bad as any other tyrant. in liberal land, a black man cant be part of the fat cat banker elite. progressives are the left over nazi movement, look up its history. they will support anything that furthers their nazi movement, like the green agenda, or open borders, but do not care about the environment or mexicans. the left is going to fall apart just like it did when hitler gave progressives a bad name and america rejected them. why is obama not being impeached?
That is funny..
when the Dems had the majority in the house Nancy P ran rough shot over the Republicans. Hell Obama is even on record saying the Republicans can come along for the ride, they just have to sit in the back of the bus.. AKA my way or the high way.
Bonehead ( Yes I do not like him much either ) has said many times, that the reason Tax Increases are off the table is he flat out does NOT have the votes to pass a bill with tax increases there. ( and I am rather happy about that)
the Dems arent trying to reach across the isle and compromise, they are trying to protect pet projects from cuts. Rip the damn band-aid off quick. It will hurt to start, but we will be better off for it.
If I was Bonehead, I would say, you want your tax increases.. Lets prove to the American people that we can live within our means.
TRUE P- You really believe your own conspiracy theory don't you? You try to demonize the Republicans just so you can feel better about supporting Obama and the Democrats...
All smoke and mirrors kiddies. The right is pandering to the tea party people. Their corporate masters would suffer mightily if the debt ceiling isn't raised. They will run it right out to the end, trying to squeeze Obama for something or another in return for something they fully intend to vote for anyhow.
That said, the Dems are asking for the increase and should be clever enough to know the Reps would never not vote in favor of it.
Don't need to paint a picture here. Both sides are corrupt and in the pocket of big business.
That said, I'm not a child and I understand if the gov defaults we are all in HUGE trouble.
Geitner, you massive failure, please go. The President needs someone who can actually do their job. Don't let the door hit you on the way out.
"As the deadline to raise the U.S. debt limit creeps nearer, Bloomberg is reporting that Treasury Secretary Timothy Geithner is mulling a departure from the administration"
As in "Rats deserting a sinking ship".
Since interest payments on the Debt are only 5% of total government spending, why would we even consider 'defaulting on the debt'?
Just make paying the interest the top spending priority = no default. Then we can argue about deferring some of the other 95% of spending, like 'discretionary spending'.
Someone's playing politics with the 'debt crisis' - I wonder who?
Wonder if he'll give Fannie and Freddie ANOTHER 400 Billion taxpayer backed "line of credit" before he departs.
Fannie, Freddie - that's probably his next employment stop or back to Goldman to get his share of the treasury heist.....
LOL....He could go back to Goldman but that would have required him to have worked there before. This is the second post that said that. Turbo Timmy is a lot of things especially being the last Rat to leave the sinking ship known as the Obama Administration's Failed Financial Team but he never worked for Goldman.
Tim goes, but Barney stays.
Go figure.
Good riddance! Maybe we can get someone to replace him, who is not totally owned by Wall St and loyal only to Wall St. But, I doubt it.
Lynda. I agree 100%. We need some one who is not from Wall st or the Federal Reserve.
Why wait that long? Leave now.
(I post this yet again because our deomcracy is no longer capable of opposing multinational corporations--what say you?)
The real problem for our democracy are the multinational corporations. In essence, they have transcended nation-states in money, influence and power. Nation-states are increasingly doing the bidding of these trans-national giants and worse, nations now feel helpless before the so-called global economy.
The 'global economy' itself is code for what I term Viking capitalism: companies invade, strike, pillage, rape (resources) and then build their settlements among the groups (small businesses and economies of scale) that they replace. There are no longer any real free markets. There are only manipulated markets controlled by the hedge fund managers, corrupt equity firms and the multinationals.
Marx thought the workers could unite and revolt against the company owners. In the 19th and 20th centuries they could, although many workers died in the strikes that finally granted laborers universal rights recognized, albeit briefly, by corporations, nations and even the U.N. Now, however, the level of technology and monitoring of citizens precludes any effort to organize, rebel and win. The U.S. government has become an even more potent form of 'Big Brother' than even Orwell could imagine in 1948. Anyone can be picked up and made to disappear, legally, at any time.
The only effective means of resisting global capitalistic exploitation will have to be modeled more on the Resistance movements against the Nazi's and on the IRA but with this difference. All the cells will have to retain a 'sleeper' component that can be activated once the core cell members are taken out. Think of Ray Bradbury's Farenheit 451 except that instead of memorizing books, the cell members memorize the plan and method for continuing the resistance. And though I am completely against it, violence, especially against CEO's, upper management, bank presidents, equity firm leaders and their families, is bound to be tried. After all, you can't kill the corporation, but you can limit the numbers of those willing to risk their lives for the sake of unfettered greed.
The Greek riots are the first wave...people are growing tired of being held down by the interests of the world's wealthy.
Class warfare at its finest. We have a global economy because we are a global economy. The internet and television has seen to that.
The Greeks are protesting and Rioting because they overspent and now have to pay back the piper.
There is no such thing as a free lunch. It comes to an end when someone says, "Who is going to catch this bill?"
Are you calling for an uprising and a class war?
Fancy That, these multi-national corporations also have their own heavily armed security forces that are not answerable to any state. Without any valid jurisdictional authority, even here in the US they can pull weapons on citizens and detain them. When BP mercenaries can give orders to the Coast Guard, we are in deep trouble.
We have had class warfare for decades and the people or losing. Less than 1% control so much of the so called free worlds wealth that the masses are suffering. This did not come about by accident. American wealth and government are the chief archetects of this global rape. Our government could simple force public owned corporations to pay our minimum wages wherever and do a few oyjer obvious things and we would avoid economic disaster. Both parties are owned and that has become obvious.
When the CEO of Disney made 600 million in salary and God knows what in bonuses hr had children working in Haoti for 12 cents an hour. Such men and their supporters will do anything.
Our 4 biggest banks have 8 trillion in assets and still get billions in 0% loans to play the market. This is insane unless you are a big banker or a wall street billionaire. We have the means for a great life and a longer life. That would involve a reasonable use of resources and good birth control. But, we are chosing to allow a very small number to wreck all our potential.
We have class warefare whether we want it or not. Banks, wall street and big corporations run America. They own our government and they are destroying our country. Our middle class is declining, poverty is growing and the top 1 or 2% take more and more. This is a sure formula for depression and chaos.
Our people are devided and arguing over which owned party is worse. The big money is not divided they know exactly what they want. "Everything." We will stand up against this insane one sided greed or it will destroy us. Greed at the level we are seeing is like a giant green monster. It devoures everything in front of it and is never satisfied. Eventually it will eat it's own tail and that is a losing story for all. We will call this evile what it is and counter it or pay a horrible price. Once we are in depression and chaos it will be much harder to change and we are headed for that condition.
I don't blame the guy. Not too many people can deal with a stoned wall ideological goons. most surprising and unbelievably irresponsible is the fact that GOP had signed a PLEDGE to Norquist. meaning, no matter what the situations is, they are not ready to see any other picture.
that i think calls to question the oat of office they took. who are these guys, REPUBLICAN PARTY. who do GOP owe their allegiance to. Because it impossible to serve two masters at the same time.
Pius, you have hit the nail on the head. From ThinkProgress a few minutes ago:
Former GOP Sen. Alan Simpson blasted his intransigent GOP colleagues on the hill today for failing to reach a deal on the deficit. The expletive-prone co-chairman of President Obama’s bipartisan fiscal reform commission slammed Republicans for cow-towing to American for Tax Reform head Grover Norquist (“Republicans can’t be in thrall to him”) and pushed Treasury Secretary Tim Geithner to stand fast on the August 2 deadline. Surveying the lay of the current fiscal land, Simpson said “We’re at 15 percent revenue, and historically it’s been closer to 20 percent.” “We’ve never had a war without a tax, and now we’ve got two,” he added. “Absolute BS.”
____________________________________
GOTV in 2012. It's critical.
Pius
What are you talking about? Why does anyone on the right owe any allegience to a tax cheater on the left? If anyone is serving two masters it is little Timmy. He came from Wall Street, he gave Wall Street billions of tax dollars, he will more than likely return to Wall Street when he is sure that our government can borrow more money to support Wall Street. If anyone is a stone wall ideological goon it is our current President and evidently you too.
Pat: Why is it that the three highest economies in the US are California, Texas and New York when California has cut taxes and spending, Texas has no taxes and New York's Coumo has said he will not raise taxes as his Democrat friends would leave the state if he did?
These are two of the Bluest of the Blue states and one Red state that are leading this nation, via their states, to sound fiscal responsibility.
This President should stand up and take notice. Maybe Geithner is not correct and as a matter of course should leave before we get into a deeper hole than the one we are in from his mishandling.
Pat, Boston, MA
One can say categorical, GOP are anti american with the PLEDGE to Norquist and taking oat of office. what were they thinking? Norquist would say Regan is his idol but Regan increased taxes 11 time in office. who are they serving? we need to know. Republicans are in a bind. take it or live it GOP is a party in bind.
Wow......I usually dont take people to task for spelling or grammar, however yours is atrocious! I could forgive it all if you made any sense.
DelFairchild
Did you just say California and fiscally responsible all in the same sentence?
DelFaiChild - "Why is it that the three highest economies in the US are California, Texas and New York when California has cut taxes and spending,"
What? "highest economies" does not mean financially sound, only highest product, and that is due to their high populations.
If you sell $1 million of cookies but spend $1.2 million, the girl down the street who sells $20 and makes $5 is more financially successful than you.
I BET GEITHNER IS GOING TO TEACH TURBO TAX COURSES?
SOMEBODY IS A CHICKEN$HIT; I THOUGHT THIS IS WHAT OBAMA WANTED TO DO.
(Reuters) - The White House effectively turned down an invitation by Republican
Senate Leader Mitch McConnell for President Barack Obama to visit his members on
Capitol Hill on Thursday to discuss raising the debt limit.
White House press secretary Jay Carney, while not directly saying the
invitation had been rejected, said Obama did not need to hear Republicans tell
him what they would not support.
That, Carney said, was "not a conversation worth having."
Maybe he needs to quit so he can pay his taxes! He forgot that he owed several hundred thousands when he took the job! There are still Dems. there that HAVE NOT PAID their taxes-how they get by with that I do not know! Maybe if we ALL forget -think Obama would let us slid too? This is the most corrupt and lying adminstration that we ever had! Seen yesterday a report on tv that Political.fact check has kept track of Obama's speeches/talks and he has 39 HALF TRUTHS AND 49 LIES TOLD since he's been in office!!
Go now!!! Fast get out of there. We all knew that you did not know what you were doing. Hey Tim - remember now to use Turbo Tax when you do your next tax return - oh wait - I forgot - you could not figure out how to use it. Another one that will be collecting un-employment.
Republican Senator John Thune of South Dakota reacted to President Obama chiding congress over their schedule as a problem in the ongoing debt ceiling negotiations with an attack of his own.
"I think the best way to get an appointment with the president is to set up a tee-time," said Thune.
The South Dakota Senator made the comments during an interview with Chris Stirewalt on Power Play Live, which you can watch at 11:30am Eastern Monday through Friday
Read more: http://politics.blogs.foxnews.com/2011/06/30/power-play-video-thune-obama#ixzz1QnLyJZ6I
Sounds like the truth, why do you call it an "attack"?
I think it is right on, I didn't call it an attack.
Republic, come on and get serious. Your link is to Fox News?
All this nonsense talk about tea-times is ridiculous and nothing but childish. Is there an issue with Boehner spending most of his time playing golf when he's supposed to be working? Bush spent how many days on vacation during his time in office?
This country has serious issues to deal with. Yapping about golf is a waste of time. The Republican party needs to stop their tantrums, get to work, and be adults about the fact that without revenue there will be no improvement towards the debit.
Say Good-Bye now Geithner, you WORTHLESS TAX CHEAT!
What do we do now, according to Obama, he was the only person on earth that could fix the economy.
Rats are leaving the Titanic.
Good riddence! He was a MAJOR butt kisser of the banks and his Wall Street drinking buddies. He NEVER should have been given the job in the first place.
Now go hire Sheila Bair of the FDIC and watch her pull all their tails in line!
Nebo: You and Glenn Beck must be brothers from different fathers. The bottom line is that the republicans will accept tax increases as long as the democrats accept spending cuts. So far it is the democrats who are stone-walling. When ever any individual, corporation or country finds it's self in financial trouble the 1st thing that has to happen is cut spending. When the democrats agree then the republicans will give ground. But, all you hear from Obama and the democrats is raise revenue...ie taxes. 1st things 1st. Cut the budget. 50% of the population cannot continue to support the other 50%. I think that anyone who is reasonable realizes that the federal goverment has to be cut. People say reduce funding of the military. Ok. You realize those 30,000 we are going to bring home have no jobs to come home to. What the political elite does not talk about is the FACT the IRS is the largest part of the federal goverment.
Wow Jim, you have a LOT of things wrong here...First, it is NOT the Dems that are stonewalling, they have agreed to over a trillion dollars in cuts, in return they are asking for increases in revenue and it is the REPUBS that walked out, refusing to even consider revenue increases. The Repubs are wanting to cut spending and then turn around and give nearly all of the money thus 'saved' to the top 2% of the wealthy in further tax cuts, this is what the entire Ryan Plan is all about and that is why it was dead on arrival in the House and Senate. The Dems refuse to totally destroy the safety net of social programs that part of our populace literally depend upon for their lives, just to give FURTHER tax breaks to those who are Too-Obscenely-Rich-To-Fail and do not need nor deserve them.
As far as the IRS being part of the Government, Wrong again, the IRS is actually a part of the Federal Reserve and the Fed is NOT a part of the Government at all. It is a consortium of banks that were given the responsibilities of borrowing, lending and handling the finances of the USofA. This is the very body that has strangled the lending to small businesses so that they have been unable to hire nor expand, even if they have the capability to do so, the Fed has been limiting their ability to do so.
Go back and do some REAL Studying of REAL facts and quit reciting the debunked talking points from the Koch Brothers sponsored Tea Party and Fox News: You might actually learn something about what is really going on!
This guy should have been gone from the day Obama was sworn in, matter of fact the entire Bush gang should have been canned! Keeping the same banksters on that helped destroy the economy was stupid.
This guy is just a copy of the last guy and the guy before him. We need to get them all out and throw in Bernake. Until the Goldman Sachs Coup is over this country won't have a soul.
The mess started when Greenspan took over for Volker and we won't start the recovery until Bubble-nomics is a thing of the past.
Somebody finally told the truth on MSNBC and they get suspended?
MSNBC senior political analyst Mark Halperin was suspended on Thursday by the cable network after he called President Obama "a dick" on a popular morning show and then quickly apologized.
"I thought he was a kind of a dick yesterday," Halperin, who also is an editor at large for Time, said on "Morning Joe," referring to the president's conduct during his press conference.
Read more: http://www.politico.com/news/stories/0611/58098.html#ixzz1QnNt2ADF
As MSNBC said: "comments like these have no place on our air"
We already know that reality has no place on YOUR air MSNBC, but thanks for clarifying it.
Cheerleading, propaganda, inflammatory rhetoric, misinformation, and slanted opinion pieces are that MSNBC allows.
Geithner has facilitated in Wall Stret recieving 13 trillion taxpayers dollars. His work is done. If we do not break up the big 6 banks, the soup lines will be here in 24 months. Everybody paid Goldman, their clients, the fed, AIG from it bail out funds. Goldman needs to be busted up. Goldman's oil trading is worse on the economy than Enron. Get the investment banks out of the commercial banks. Geithner was Wall Street's in house protection. We need for President Obama to be main street's in house protection.protection.
"We need for President Obama to be main street's in house protection."
You realize HE hired Geithner, right?
Look to the states with conservative fiscal policies and in the best shape financially for his replacement. Texas is one state in very good shape financially so maybe someone in that state should move to Washington and get our nation back on track.
Yes, his name in Ron Paul.
Republic: The very fine print of that story was Halperin asked if the delay active...ie he did not think the comment would go public. They said a technician hit the wrong button. NBC at it's finest. Shoot the messanger if they are not as liberal as us.
Sheep MUST CONFORM to the flock, there is no room for thought or reality.
G.C.-----Are you thinking of having G.W.Bush apply for the job?
G.C, is referring, of course, to Rick Perry. I think our buyer's remorse over George W. prevents another Texas governor from being elected anytime soon. Besides, Perry will run in '16, not now.
News Flash!!!!!!!! Ms. Wasserman says the economy absolutely belongs to Mr. Obama, no if and or buts. All Democrats are from here on out are not allowed to say the word Bush unless their wife or girlfriends name precedes it.And you can only say Cheney when it refers to a obituary !
Out with one globalist stooge...in with another. Goldman-Sachs ... get an office ready.
yeah yeah what ever
"yeah yeah what ever"
The mantra of the American slave.
Geithner leaving, who cares? The assumption by Geithner and/or the President that the Debt Ceiling will be raised in a "deal" or otherwise is presumptuous. Why would anybody raise a Debt Ceiling that is disproportionately too high already? A Debt Ceiling is meant to stop spending short of insanity, and though the current $14.3 trillion Debt Ceiling is more than the United States can afford, thank God it's there. Both leave it where it is, and reduce spending.
I agree with Obama having signed in December 2010 the so-called Bush Tax moratorium extension, and since that was the one saving grace for him in 2010 and gained him popularity points, I wonder why he wants to flip-flop now? No presidential candidate espousing a tax increase has ever been elected. Obama had better drop the tax increase or he will go the way of Walter Mondale absolutely.
The Bush Tax Gift to the Wealthy produced absolutely no jobs and contributed to this mess. The republican "trickle down" theory of economics has always resulted in "trickle up". It has never produced jobs.
I believe it is now the Obama tax cut but then again why would you care about being correct.