Did Tim Geithner Really Say There Was ‘No Risk’ of a Downgrade? Let’s Go…to the Video…
Posted on August 5, 2011 at 11:48pm by Scott Baker .

All you need to know (from April 2011):

Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”

Geithner’s response: “No risk of that.”

“No risk?” Barnes asked.

“No risk,” Geithner said

(see video)
http://www.theblaze.com/stories/did-tim-geithner-really-say-there-was-no-risk-of-a-downgrade-lets-go-to-the-video/ 

Well apparently he didn't factor the mean Tea Party movement who are the real problem with this country.


Just ask FuzzNJ...

No one person to blame here... It was a true work of bi-partisanship ...both parties worked equally hard to earn the downgrade....

Yup. As Metallica would say "Sad but true".

Should have been fired years ago.

Tim Geithner is doing fine. He's an ex-Goldman Sachs guy that realizes that debt comes first. Debt is money. It is the global currency.

Geithner never worked for Goldman, or any Wall St. firm BTW...actually if he did he might have a little more sense. Either way he's part of the problem, but who would Obama appoint to replace him?

I have him confused. He is the New York Federal Reserve guy that worked with the ex-Goldman Sachs guy to arrange the AIG bailout because they both realized that debt comes first.

Debt is money. It is the global currency.

Arthur Laffer...

Arthur Betz Laffer born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–1989). Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. He is the author and co-author of many books and newspaper articles, including Supply Side Economics: Financial Decision-Making for the 80s. Laffer is Policy Co-Chairman (with Lawrence "Larry" Kudlow) of the Free Enterprise Fund


That's who...

Laffer's time is over.

Genius is timeless...

Gimmicks don't work during austerity.

Good idea, but Obama appoint Laffer? That would be like Reagan appointing Trotsky...will never happen.

Gimmick ?

Laffer is largely responsible for the economic boom of the 80s,and 90's...

yes,

But the question was "who should Barry appoint" not who he would appoint...

Actually, no:

my bad...

Obama should appoint Paul Krugman to replace Geithner.

Rachel Maddow...

.



ONLY THE IMF CAN SAVE


US NOW !