Bachmann calls for firing of Treasury head Geithner
By Andy Birkey |
08.08.11 | 7:56 am
On Fox News over the weekend, Republican presidential candidate Michele Bachmann blamed the the nation’s falling credit rating on President Barack Obama and called on the president to fire Secretary of the Treasury Timothy Geithner. Bachmann lays the “destruction” of the nation’s credit rating squarely at Obama’s feet, but Standards & Poors, the agency that issued the lowered credit rating blamed the move on a volatile political environment where making consensus is difficult. Bachmann voted against the consensus between Obama and congressional Republicans last week.
Sen. Al Franken is gearing up to take on the credit rating industry, which he says is too big and too closely tied to the financial industry. An amendment to the…
