Geithner Flashback: “There’s No Chance US Will Lose Top Credit Rating” (Video)

In April Treasury Secretary Timothy Geithner told FOX Business News,
“There’s no chance the US will lose top credit rating.”

Obviously, Timothy Geithner was wrong about this too.

The Hill reported:

Treasury Secretary Tim Geithner said Tuesday there is “no risk” the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to “negative.”

Geithner took to the airwaves of financial news networks to push back against a report Monday by Standard & Poor’s that lowered its outlook on U.S. debt to “negative,” reflecting political uncertainty over whether lawmakers will reach an agreement to address long-term debt.

There is no chance that the U.S. will lose its top credit rating, Geithner said, forcefully disputing the notion that S&P or other ratings services might downgrade U.S. bonds from their current AAA rating.

“No risk of that, no risk,” Geithner said on the Fox Business Network.

Hat Tip Bill Hennessy

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  • toongoon

    Did he use his Turbo Tax software to draw that conclusion?

  • Bob Z

    Just part of the scam.

  • saveus

    he forgot obama’s ability to make things worse

  • arnonerik

    Hey Timmy! If wishes were reality both you and Obama would not be so rightly considered the assasins of our economy, our wealth, and our jobs.

  • bigkahuna

    They should be put in jail for theft. I love Michelle Bachman for standing up and demanding he be fired and the budget balanced

  • moron

    Maybe he was wrong on this one Pubs. But he also stated, borrow another $$trillion, give it to union thugs for retirement benefits so they can continue to fund Hope and Change! You go Timmy.

  • MrGoodWench

    You know Timmy, if you had been the Treasury Sec of Japan,
    and if YOUR actions had brought SHAME to the nation,
    if YOUR decisions had brought pain and suffering to the nation ,
    you know Timmy what you would have done ??

  • gus


    And he wanted to be our LATEX SALESMAN??

  • Molon Labe

    Timmy is still bating 1000. But what about the morons who placed him in his position of responsibility? I can’t think of a better reason for strict term limits.

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  • jennifer

    Would it be too much for me to say that the 4 horsemen of the apocalypse seem to be Obama, Geitner, Bernanke, and Reid?

    Good post #7. However, being a democrat means never feeling shame.

  • Estragon

    Before we rush to dump Geithner, as inept as he appears, stop and consider for a minute what is left on Obama’s bench: no one with any real world finance experience at all, just career government parasites and academic leftists.

    The one we need to resign is the one in charge of this mess, not his henchmen.

  • FurryGuy

    I can’t remember a single thing about which Geithner was ever correct. There was a thing or two he was nuke bomb close, but nothing he was pitching horseshoe close about.

    The perfect storm of Barry and the Socialist Left seems about ready to sweep over the U.S. and do irreparable damage to our economy and freedoms.

  • Little David Puddy

    Hey Estragon,

    How about the guy from H&R Block I use to do my taxes. He never cheats on them and he knows how to use Turbo Tax.

  • Reaganite Republican

    RESIGN you lying, incompetent POS

  • Black Sabbath

    Geithner needs to RESIGN for personally getting us into this situation.

    Obama needs to RESIGN for his absolute disaster of a presidency.

    Boehner needs to RESIGN for allowing the GOP to capitulate to this madness.

    WE need to MARCH on DC and help them RESIGN if they aren’t going to do it themselves.

  • Blacque Jacques Shellacque

    “There’s no chance the US will lose top credit rating.”

    Wanna find out if the idiot is capable of feeling shame? Play back that clip in front of his face.

  • Gman

    This is all part of Obama’s plan.

  • LL

    Even though the Democrats oppose it completely, the balanced budget amendment makes sense. At some point we need to take the whiskey and the car keys away from the kids. Congress and the nation needs to live within its means.

  • Retro

    I hate it for America but I’m thrilled it happened on the marxist muslim boy from kenya watch, this may have for sure sealed his fate