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The Official Calls For Change Roll In: "Fire Tim Geithner"
Zero Hedge ^ | 08/06/2011 | Tyler Durden

Posted on 08/06/2011 5:47:28 PM PDT by SeekAndFind

The first official demand for a change at the top as a result of the S&P downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. "President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster." Zero Hedge fully endorses this perspective.

Full press release:

____________________________________________________________________________________________________________________________________________

IN State Treasurer Richard Mourdock, US Senate Candidate running against 35 year incumbent Senator Dick Lugar in the 2012 Republican Primary, reacted to the historic news that Standard & Poor's (S&P) downgraded the United States' long-term debt, which highlights an overall concern about the financial health of our country.

"The downgrade by S&P of our debt from 'AAA' to' AA+' is a serious event that will impact all Americans. Financial markets will open Monday to see the United States with a credit rating of less than 'AAA' for the first time ever. How the markets will respond is impossible to predict.

"This downgrade is the direct result of raising the debt limit on Tuesday, August 2, without providing for substantive cuts in spending. The White House and many in Congress failed in their jobs by settling for a political compromise rather than seeking a fiscal resolution. They avoided the tough decisions on real cuts in spending by simple kicking 'the tin can of responsibility' further down the road. The downgrade reminds us that failing to act has consequences. Of no surprise to many Hoosiers, Dick Lugar was counted among the majority of Senators who agreed to the debt-ceiling compromise that was quickly signed by President Obama.

"President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster.

"S&P's downgrade illustrates its viewpoint of our entire economy, not just the government's ability to pay its bills. In mandating its downgrade, S&P, in effect, is stating that they have less confidence in the United States' economy to grow and recover in the long run. They believe the United States is losing the ability to create the wealth, which is the basis of the taxes the government needs to pay its bills.

"Perhaps there is a silver lining to this very dark cloud. The sound proposals offered in the Cut, Cap and Balance Plan can again be put on the table. This terrible situation might yet cause a Balanced Budget Amendment to be added to the United States Constitution.

"Moving forward, there will again be calls for 'bi-partisanship' to solve this latest fiasco. Let me be clear, we need less bi-partisanship and more conservative, fiscal principles in this on-going debate. Bi-partisanship has taken us to the brink of bankruptcy and now to our first ever financial downgrade.

"Conservatives have said for years that the federal government must be forced to live within its means. I take some consolation that S&P has now echoed our call."


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: debt; rating; timgeithner; treasury

1 posted on 08/06/2011 5:47:31 PM PDT by SeekAndFind
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To: SeekAndFind

Odamnus can’t fire Geithner until the bus tour cranks up!


2 posted on 08/06/2011 5:51:37 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: SeekAndFind

If the state governments want something done about the runaway spending by the Federal Government, they have the authority to do something. The U.S. constitution provides for Constitutional Conventions called by the states. Do it. Add a Balanced Budget Amendment to the Constitution.

What am I thinking?? The Dimocrats don’t honor the Constitution now!!


3 posted on 08/06/2011 5:53:53 PM PDT by CharlyFord (t)
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To: SeekAndFind

this is hilarious

Congress, the people responsible for our rating downgrade, are demanding that obama fire geithner for causing our debt downgrade. Thats pretty much what I would expect to happen too.


4 posted on 08/06/2011 5:56:20 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: SeekAndFind
If this exact same situation were to happen with a Republican administration then there would be nonstop bleating from the dems and the media that the president is a proven failure and should immediately resign from office.

Just imagine if this would have happened when George W. Bush was in office.

5 posted on 08/06/2011 5:57:11 PM PDT by Bullish (Recovery won't begin until Obama loses HIS job.)
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To: SeekAndFind

Obama will need to nominate someone to take Geithner’s place then....some kind of financial guru who can fill Tax Cheat Timmy’s size 6s....

I nominate Mitt Romney.


6 posted on 08/06/2011 6:04:18 PM PDT by bigbob
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To: Bullish
Just imagine if this would have happened when George W. Bush was in office.

I tried that but my head exploded.

7 posted on 08/06/2011 6:08:27 PM PDT by trek
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To: SeekAndFind

“Fire Tim Geithner”

Silly, simplistic, scapegoating.

This follows the same moronic “reasoning” that those in urban areas follow. When a city goes to crap, all the liberals meet and put their heads together trying desperately to answer the question, “What OTHER liberal Democrat can we elect to solve these problems?”

They cannot see that their bigotry and ignorance insulate them from potential solutions, like electing someone who is not a “liberal Democrat.” But no, it MUST be a liberal Democrat.

Firing Turbo Timmy will have NO EFFECT.

The problem is not with Timmy, it is with the FEDERAL RESERVE.

We need to first audit the hell out of them.

Once we blast a hole in that wall of their fortress, we need to shut them down completely and ELIMINATE CENTRAL BANKING FROM OUR NATION AND FROM OUR ECONOMY.

Oh, to be sure, the central banks will make the American people pay for daring to take back their liberty and their prosperity.

ARE WE NOT STRONG ENOUGH TO ENDURE?


8 posted on 08/06/2011 6:13:32 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: SeekAndFind

calls coming in from obama surrogates. it’s a setup. geithner is meaningless.


9 posted on 08/06/2011 6:23:35 PM PDT by _a_0_0_
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To: CharlyFord

No trust in current representation, So in no way will I accept a Constitutional Convention because anything can happen.

Any ways the Constitution is fine its the representatives and the American populas who have forgotten the face of their founding fathers (I like the Gun Slinger series). We have become lazy and need to fittin up a bunch.


10 posted on 08/06/2011 6:24:43 PM PDT by jafojeffsurf (Return to the Constitution)
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To: Ghost of Philip Marlowe

Can we fire him after we “kill all the lawyers” then?


11 posted on 08/06/2011 6:27:50 PM PDT by nkycincinnatikid
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To: trek

The biggest failure in the country right now is the media that got Obama elected in the first place. A pack of partisan hypocrites claiming to be “Journalists”.

Hah! What a laugh.... They make me sick.


12 posted on 08/06/2011 6:33:34 PM PDT by Bullish (Recovery won't begin until Obama loses HIS job.)
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To: SeekAndFind

Fire Barack Obama!


13 posted on 08/06/2011 6:36:11 PM PDT by jimfree (In 2012 Sarah Palin will have more quality executive experience than Barack Obama.)
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To: SeekAndFind
We need TurboTax-Timmy-Deer-in-the-Headlights Geithner to stay on the job as court jester. He is both an albatross and millstone around Mr. Soetoro’s neck.
14 posted on 08/06/2011 6:41:21 PM PDT by SERKIT ("Blazing Saddles" explains it all......)
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To: SeekAndFind

The problem is at the top. Tax-Cheat Timmy does need to go... but the Naked Emperor must go as well.


15 posted on 08/06/2011 6:43:30 PM PDT by Keith in Iowa (Hope & Change - I'm out of hope, and change is all I have left every week | FR Class of 1998 |)
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To: SeekAndFind

A good scapegoat is better than money!

16 posted on 08/06/2011 6:47:15 PM PDT by mrsmith
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To: SeekAndFind

What difference would it make?
They are from the same network.


17 posted on 08/06/2011 7:25:49 PM PDT by Mr. Peabody
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To: Bullish

And they’re working overtime trying to prove this IS NOT obama’s or the dems’ fault.


18 posted on 08/06/2011 7:38:38 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: SeekAndFind

Don’t fire Timmy. Turbo Timmy + Slow Joe Biden + Barker Carney and you have the new Three Stooges!


19 posted on 08/06/2011 7:48:06 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: SeekAndFind

If Geithner had any honor he’d offer his resignation before 0900 Monday.


20 posted on 08/06/2011 8:28:25 PM PDT by 1066AD
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To: SeekAndFind
President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury

As I read the Constitution, congress could not just "withdraw consent" but would have to impeach Geithner for "treason, bribery, or other high crimes and misdemeanors".

21 posted on 08/06/2011 9:28:55 PM PDT by wideminded
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


22 posted on 08/06/2011 9:44:33 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: SeekAndFind

Congress should arrange themselves in a circle, aim their guns at Geithner in the middle of the circle, and FIRE!


23 posted on 08/06/2011 9:46:10 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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To: SeekAndFind

The Obama Fix:

He will be given an update on his turbo tax program. Then leave him in place for another year.


24 posted on 08/07/2011 4:21:50 PM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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