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Republicans urge Obama to fire Geithner

Tuesday 9 August 2011 - by Nicola York

The Republican National Committee has called on President Obama to fire Treasury secretary Tim Geithner following the sovereign downgrade by Standard & Poor's last week.

In a statement released on Monday, RNC chairman Reince Priebus said confidence in the economy can only be restored with "concrete action, not more empty rhetoric and political speeches" and that those who caused the crisis need to "step aside".

Geithner confirmed over the weekend that he would be staying on in his role at Obama's request, after Geithner said that he was thinking of leaving once the debt-ceiling negotiations had been completed.

"The unprecedented downgrade is a direct result of Obama and Geithner's failure to cut the debt," Priebus said.

"For two and half years, Republicans warned of the dangers of Obama's reckless spending. All the while, he and Geithner proposed record deficits and absolutely no plan to cut spending.


"And just four months before this embarrassing downgrade, Geithner vowed it would never happen. The Treasury department is no place for such irresponsible stewardship.

"For the good of the country and the health of our economy, President Obama needs to ask the very person who assured the American people this would never happen to step aside."

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Email: nicola.york@gfsnews.com


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