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Geithner-U.S. Treasuries still safe after downgrade (Administration in complete denial)
reuters ^
| 8/7/2011
| reuters
Posted on 08/07/2011 5:17:05 PM PDT by tobyhill
click here to read article
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1
posted on
08/07/2011 5:17:09 PM PDT
by
tobyhill
To: tobyhill
Geithner stays because NOBODY else will take the job!
2
posted on
08/07/2011 5:18:48 PM PDT
by
WellyP
(REAL)
To: tobyhill
These libs believe that telling the same lies repeatedly somehow makes them true. If they say treasuries are safe, time to sell. LOL
3
posted on
08/07/2011 5:20:41 PM PDT
by
dajeeps
To: tobyhill
This _would_ be the same Geithner who assured us there would be no downgrade.
Right?
So why should anyone believe him now?
4
posted on
08/07/2011 5:21:04 PM PDT
by
Cringing Negativism Network
(We are not tea partiers ... we are good tea partiers. Life-long tea partiers)
To: tobyhill
U.S. Treasury debt is as safe as it was before a Standard & Poor's rating downgrade At 4PM Friday (before the downgrade) the US Treasury debt was as safe as it was at 9PM Friday (after the downgrade). Technically Tim is correct. Nothing happened during that 5 hour window.
Let's see what Tim has to say Monday morning at 11AM after the markets speak their mind.
5
posted on
08/07/2011 5:21:40 PM PDT
by
mlocher
(Is it time to cash in before I am taxed out?)
To: tobyhill
I really didn’t expect him to say “Don’t buy American!”
6
posted on
08/07/2011 5:24:33 PM PDT
by
Terry Mross
(I'll only vote for a SECOND party.)
To: tobyhill
He added that a double-dip recession was unlikely if governments and central banks made good decisions. This from the guy that said last April, IIRC, that there was no way S&P would issue a downgrade.
"I mean I think S&P has shown really terrible judgment and they've handled themselves very poorly," Geithner said. "And they've shown a stunning lack of knowledge about basic U.S. fiscal budget math. And I think they drew exactly the wrong conclusion from this budget agreement."
See, only smart guys like me can understand fiscal budget math.
Oh Timmy, I'm so thrilled you're staying on. We need many more just like you helping nobama implement his plan.
7
posted on
08/07/2011 5:24:59 PM PDT
by
upchuck
(Rerun: Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
To: tobyhill
U.S. Treasury debt is as safe as it was before a Standard & Poor's rating downgrade of the United States and Congress' "damaging" debate over raising the country's debt limit, Treasury Secretary Timothy Geithner said on Sunday. Very subtle blame Republican verbage. It also provide cover to Obama, Mr. "on TV twice a day to discuss the Situation."
8
posted on
08/07/2011 5:25:20 PM PDT
by
mlocher
(Is it time to cash in before I am taxed out?)
To: tobyhill
"He added that a double-dip recession was unlikely if governments and central banks made good decisions." Guess that leaves our government out, then.
Throw a party, Timmy and Barry can do body shots off Ms. Obama's toned biceps.
9
posted on
08/07/2011 5:26:36 PM PDT
by
West Texas Chuck
(Alcohol, Tobacco and Firearms. That should be a convenience store, not a Government Agency.)
To: tobyhill
10
posted on
08/07/2011 5:27:13 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: tobyhill
NOBODY can do what Timmy can do.
He is like ... a magician.
11
posted on
08/07/2011 5:27:19 PM PDT
by
Diogenesis
(No man's life, liberty, or property is safe while the legislature is in session. - Mark Twain)
To: mlocher
That downgrade was the ultimate Friday Night News Dump.
12
posted on
08/07/2011 5:28:55 PM PDT
by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: tobyhill
Let’s see: Axelrod says the Tea Party created the problem and Little Timmy Geithner says there is no problem. Is that about right?
13
posted on
08/07/2011 5:28:55 PM PDT
by
Rocky
(REPEAL IT!)
To: Diogenesis
14
posted on
08/07/2011 5:29:43 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: upchuck
"And I think they drew exactly the wrong conclusion from this budget agreement."Uh, what budget agreement is that Timmy? AFAIK, the US hasn't had a budget in two years. Oh, maybe you mean nobama's budget that the Senate shot down 97 to zip. That budget agreement?
This man is a raving lunatic.
15
posted on
08/07/2011 5:30:06 PM PDT
by
upchuck
(Rerun: Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
To: Rocky
"Lets see: Axelrod says the Tea Party created the problem and Little Timmy Geithner says there is no problem. Is that about right?" And Obama says S&P has miss calculated by 2 T.
16
posted on
08/07/2011 5:31:22 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: tobyhill
"And then our reporter asked Mr. Geithner if he understood that the Debt/GDP is now 100%, and if he thought it was safe to continue beyond 120% as dictated by budget projections."
Just kidding. The reporter didn't ask him that.
17
posted on
08/07/2011 5:31:24 PM PDT
by
FlyVet
To: tobyhill
What struck me watching that on stream was his complete ability to lie so thoroughly. There was not an iota of shame or remorse there.
That is what true evil looks like.
To: tobyhill
U.S. Treasury debt is as safe as it was before a Standard & Poor's rating downgrade of the United States and Congress' "damaging" debate over raising the country's debt limit, Treasury Secretary Timothy Geithner said on Sunday. Well the market for Treasuries will answer the question of the safety of American debt. Realistically, with the turmoil currently ongoing in Europe. U.S. Treasuries look pretty good - so I think Geitner is right. (The Broken Clock Principle at work.)
But he is only right in the short run unless a miracle happens and Congress actual decides to do something about the entitlement programs before they go belly up. That's not likely since demagouging the GOP on Medicare is the only strategy the Dims have for 2012.
To: tobyhill
This president inherited a AAA rating.....and look what he’s done with it.
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