In what has become "par for the course" (pun intended) for the Obama administration Treasury Secretary Timothy Geithner said Sunday, that The credit rating agency Standard & Poor's showed "terrible judgment" in lowering the U.S. government's credit rating.
"They've handled themselves very poorly. And they've shown a stunning lack of knowledge about the basic U.S. fiscal budget math," Geithner said in his first public comments about the credit rating decision.Wait a minute, who has handled themselves poorly ? It doesn't take a downgrade from S&P for most Americans to realize that this economy and country is being badly mismanaged.
Then Geithner played the partisan politics game, only days after his boss gave an eloquent speech talking about all parties "working together" for the good of the country.
Geithner said Congress owns the credit rating because the Constitution gives Congress the power to tax and spend.The democrats control over two thirds of the government, they have refused to address the budget for over 800 days, other than Obama's pitiful attempt that was voted down 97-0 by a Democratic Senate. Obama danced around negotiations with congress, running from his bully pulpit with the media to spamming Twitter and conducting phony Town Hall meetings trying to circumvent the process by forcing his will of no immediate cuts, and higher taxes
Now Geithner is calling S&P irresponsible, first it's Bush, then the Tea Party, now S&P's fault. If the situation wasn't so critical and ominous it would be funny, but it's not.
This is a unprecedented display of denial, and arrogance even for this administration. Geithner should be forced to resign immediately he has failed miserably.
Read more here
No comments:
Post a Comment