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Geithner: Obama inherited worst fiscal mess ever
googlenews/ap ^
| 3-3-09
| STEPHEN OHLEMACHER
Posted on 03/03/2009 10:40:16 AM PST by rightinthemiddle
WASHINGTON (AP) President Barack Obama's Treasury secretary says the administration has inherited "the worst fiscal situation in American history."
Treasury Secretary Timothy Geithner told the House Ways and Means Committee Tuesday that Obama entered office facing a $1.3 trillion deficit about 10 percent of the nation's economic output. Republicans have complained that Obama's budget proposal would balloon the deficit even higher, to $1.75 trillion.
(Excerpt) Read more at google.com ...
TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bds; bho2009; bho44; cheats; democrats; democratscongress; liars; obamanomics; pravdamedia; socialists; soldusout; sorocrats; taxcheatparty; trilliondollarwhore; wimps
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To: AmericanVictory
If the Obama Administration were a rock band, they would be called Big Tax Barack and the Evaders.
81
posted on
03/03/2009 11:26:58 AM PST
by
dirtboy
To: pnh102
Yup. Pretty soon he will need to get his own three envelopes.
82
posted on
03/03/2009 11:28:33 AM PST
by
guardian_of_liberty
(We must bind the Government with the Chains of the Constitution...)
To: pnh102
Yup. Pretty soon he will need to get his own three envelopes.
83
posted on
03/03/2009 11:29:09 AM PST
by
guardian_of_liberty
(We must bind the Government with the Chains of the Constitution...)
To: villagerjoel
84
posted on
03/03/2009 11:30:15 AM PST
by
villagerjoel
("Gun control is a prerequisite for genocide." - Unknown)
To: Recovering_Democrat
What a complete retard. Is this guy really the Treasury Secretary??Yep, he is!
and Yes, he is.
Scary, isn't it?
85
posted on
03/03/2009 11:31:08 AM PST
by
EGPWS
(Trust in God, Question everyone else)
To: EGPWS
Anybody watching this testimony?
A Rep just asked about the loss of thousands of oil and gas jobs AND the rise in energy cost to the public if the “cab and trade” is passed.
Geithner says its because of the deficit they inherited.
THAT WAS HIS ANSWER?!!
To: rightinthemiddle
How much *has* the stock market gone down since Democrats took control over both branches of Congress?
Yes, Obama has inherited a very bad fiscal crisis. Caused by Congressional DEMOCRATS.
87
posted on
03/03/2009 11:35:45 AM PST
by
Theo
(Global warming "scientists." Pro-evolution "scientists." They're both wrong.)
To: ari-freedom
To: roses of sharon
Geithner says its because of the deficit they inherited. Apparently he is focused and this is just what we need in Washington, right?
89
posted on
03/03/2009 11:40:56 AM PST
by
EGPWS
(Trust in God, Question everyone else)
To: Gaffer; shibumi
Relax.
Mombasa’s Hegelian Dialectic is going exactly as planned.
In the “synthesis” 3rd act, he’ll announce his brilliant solution which will save us all.
90
posted on
03/03/2009 11:43:02 AM PST
by
Salamander
(Like acid and oil on a madman's face, reason tends to fly away.......)
To: rightinthemiddle
He inherited a tax cheat who now runs the IRS.
This whole adminsitration is one terrible debacle.
And to think it all started in 2006 when stupid voters decided to give Nancy Pelosi control of the House.
91
posted on
03/03/2009 11:43:02 AM PST
by
bestintxas
(It's great in Texas)
To: rightinthemiddle
He inherited a tax cheat who now runs the IRS.
This whole adminsitration is one terrible debacle.
And to think it all started in 2006 when stupid voters decided to give Nancy Pelosi control of the House.
92
posted on
03/03/2009 11:43:11 AM PST
by
bestintxas
(It's great in Texas)
To: ari-freedom
93
posted on
03/03/2009 11:43:57 AM PST
by
Salamander
(Like acid and oil on a madman's face, reason tends to fly away.......)
To: Salamander
In the synthesis 3rd act, hell announce his brilliant solution which will save us all. Little does he know, it just doesn't always work that way...
94
posted on
03/03/2009 11:45:39 AM PST
by
EGPWS
(Trust in God, Question everyone else)
To: rightinthemiddle
BS! You can clearly watch Obama rise to power by watching the drop in the stock market. Unemploment was 5.5 percent in Nov of ‘06 when the dems took the Senate and House, you can watch it imediately start to rise and continue to watch it rise as Obama took the WH. Now who’s fault is it again?
To: EGPWS
True...that whole Reichstag Fire thingy kinda blew up in their faces.
96
posted on
03/03/2009 11:49:48 AM PST
by
Salamander
(Like acid and oil on a madman's face, reason tends to fly away.......)
To: bestintxas
And to think it all started in 2006 when stupid voters decided to give Nancy Pelosi control of the House. Was that the one that stated back in '06 "We're in Charge Now" on camera to the voting American public?
97
posted on
03/03/2009 11:51:00 AM PST
by
EGPWS
(Trust in God, Question everyone else)
To: bestintxas
And to think it all started in 2006 when stupid voters decided to give Nancy Pelosi control of the House. The voters weren't wholly to blame.
The GOP-majority Congress was an accessory before the fact. There's a reason why they weren't re-elected.
Had they simply done what they'd been elected to do, Pelosi & Co. would still be on the sidelines.
98
posted on
03/03/2009 11:51:47 AM PST
by
okie01
(THE MAINSTREAM MEDIA: Ignorance on Parade)
To: rightinthemiddle
99
posted on
03/03/2009 11:57:55 AM PST
by
BAW
(Honk If You Want to Pay My Mortgage)
To: rightinthemiddle
Doogie Howser, Treasury Secretary![](http://tbn2.google.com/images?q=tbn:dGAKuBa3g63qwM:http://img2.timeinc.net/ew/dynamic/imgs/080528/genius-kids/doogie-howser_l.jpg)
![](http://tbn3.google.com/images?q=tbn:Oix_u1sXZMx7TM:http://graphics8.nytimes.com/images/2008/06/10/business/10fed-inline1-650.jpg)
Separated at birth?
100
posted on
03/03/2009 12:00:34 PM PST
by
Liz
(I was like Snow White, then I drifted. Mae West (on liberalism).)
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