Rand Paul Wants Vote of No Confidence on Geithner

[Dave]

Geithner's plans have failed... Obama needs to man up and send Timmy on his way.

• By Humberto Sanchez
• Roll Call Staff
• Aug. 10, 2011, 12:08 p.m. 
  
  

Sen. Rand Paul (R-Ky.), who is pushing for Treasury Secretary Timothy Geithner to resign, said Wednesday that he will introduce a resolution when the Senate returns from recess that seeks a vote of no confidence in Geithner.

“The stock market gave a vote of no confidence to Timothy Geithner,” Paul said, attributing the stock markets’ ebbs and flows to Geithner’s handling of the economy. “Geithner has shown no acumen in predicting, diagnosing or treating America’s economic woes. The time has come for him to resign.”

Last week, Geithner told President Barack Obama that he would stay on through the end of the president’s first term. The move followed speculation that the secretary was considering leaving his post and that the White House, wary of a high-profile confirmation battle with a restive Senate, was pushing Geithner to stay.

Paul’s comments come in the wake of a tumultuous economic cycle. Last week, after months of partisan warfare yielded a deal to raise the debt limit and cut spending, Standard & Poor’s downgraded U.S. debt — the first time an rating agency has done such a thing. The agency cited the dysfunction of Congress as a major factor in its decision.

On Monday, the Dow Jones industrial average fell more than 600 points. It rallied Tuesday to close up over 400 points.

Paul’s move to castigate Geithner stems from the secretary’s failure to institute policies to curb rising unemployment, prices and debt, according to Paul’s office.

Paul also faults Geithner, who before being confirmed as Treasury secretary was president of the Federal Reserve Bank of New York, for the Fed’s failure to diagnose and act on the housing crisis.

“He presided over bank bailouts, auto bailouts and failed trillion-dollar stimulus plans,” Paul’s office said.

All of these policies, which the White House argues were needed to stave off a depression, were reviled by conservatives, particularly those affiliated with the tea party movement.

Paul’s statement follows a call by Republican National Committee Chairman Reince Priebus on Tuesday for Geithner to go. Rep. Michele Bachmann (Minn.), who is seeking the GOP nomination for president, has also called for Geithner’s resignation.

http://www.rollcall.com/news/paul_wants_vote_of_no_confidence_on_ge...

[Sweater Cows!]

I don't get why ppl have their panties in such a bunch about the economy and lack of jobs. The answer seems so simple that my cat could figure it out.

Here it is: All The Jobs Are In CHINA (other 3rd world countries as well).

So people of the USA, you want a job?? Really? Why should I believe you?   YOU want Employer Funded health care benefits and PAID vacations and PAID Holidays and PAID sick Days and, CEO's want millions in Bonuses and Expense accounts and and, and, and,.........Yet those across the ocean and south of the border and in every third world country around the globe will work for 50CENTS AN HOUR. If all our imported goods were made by the ppl of the USA a person couldn't buy a bic lighter for under $30.00.

 

So if you REALLY want a job quit pushing companies overseas with all the demands you are making of your employers (stupid Unions).

 

And dear Government, STOP letting these so called American companies take the production overseas and then ship everything back for nothing. Make it so if a company doesn't make a product here on our soil then it cost them as much in import fees to get it back onto our soil as if they would have made it here(for our minimum wage). Then fellow americans, take the jobs that are here, without all those benefits,because the companies will stay here and you will have a job. Of course it isn't worth working when welfare will support you as well as a minimum wage job now is it. And who want s to work for Min. wage when welfare pays as much and you can sit home and watch 230 channels all day.

 

Okay so I am sure there is a lot more to the import export business. but hasn't the problem come down to where a company can make the most profit, and in the USA they can't because of the high wages?

 

To be clear i am not against  giving assistance to those who need it, but we should be much more discerning about want and need.