Why did Obama want Geithner to stay as the Secretary of the Treasury. Two schools of thought, Obama will throw him under the bus later in the campaign as it is all his fault or he is afraid to nominate anyone else and have the Senate take a good look at what the Treasury Secretary has been doing that has helped tank the markets.
Looks like Obama is still going to be going on a campaign bus ride on the taxpayers nickle. Only Obama would be this dumb after a downgrade to spend more taxpayers dollars for him to campaign against some Republican opponent yet to be named. We could could cut the deficit if he would stay home in the White House and quit using Government resources like Air Force, all the security vehicles required to protect him, etc.
It is now called the "Tea Party Downgrade" -- guess they have given up on blaming Bush but how can it be the Tea Party when they wanted more deficit cuts and the Senate Democrats and Obama refused to listen. There is a bill in the Senate, Cut, Cap, and Balance that Obama had Reid table without a vote and yet Democrats blame the Tea Party? Excuse me but where is the Senate Budget and that magic plan of Obama's -- both seem to be MIA!
Next big announcement that will affect the GOP Primary -- Governor Rick Perry announces he is getting in the Presidential race and a lot of us can breath a huge sigh of relief.
The Obama Morning News || August 8, 2011by on August 8, 2011, 7:35 am
Treasury Secretary Geithner announced that he will stay at Treasury.
August is, as usual, the worst month for President Obama. So Obama is stumping with a new urgency. But his mid-month Midwestern bus caravan might not be the smoothest of rides.
In a sign of the narrative the White House will offer, outside Obama adviser David Axelrod and Sen John Kerry (D-Mass.) each said said S&P had performed a ”Tea Party downgrade.”
Former Obama economic adviser Christina Romer says the downgrade is a sign the country is “pretty darn fucked.”
Whatever happens in Thursday’s debate and Saturday’s straw poll in Ames, the Republican field is likely to be narrowed, writes POLITICO.
The Tea Party and a seething discontent with the establishment make Mitt Romney’s perch atop the GOP field a precarious one. The $1 million Romney donor stepped forward.
And Texas Gov. Rick Perry led thousands of Christians in prayer at a Texas rally.
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