(CNN) - The Republican National Committee called on President Barack Obama to dismiss Treasury Secretary Tim Geithner Monday.
RNC Chairman Reince Priebus blamed Obama and Geithner for Standard & Poor's downgrade Friday, saying the administration's "failure to cut the debt" and lower spending over the years directly caused the unprecedented blow to the U.S. credit rating.
"And just four months before this embarrassing downgrade, Geithner vowed it would never happen," Priebus said in a statement Monday, citing an April interview on Fox Business Channel when Geithner repeatedly said there was no risk that the U.S. would lose its AAA rating.
"The Treasury Department is no place for such irresponsible stewardship," Priebus said.
The statement came one day after the Obama administration announced Geithner would stay put in his position.
White House Press Secretary Jay Carney said that the president had asked Geithner to stay and "welcomes his decision."
In June, the Treasury secretary was rumored to consider leaving his post once Congress and the White House reached a deficit-reduction deal ahead of the Aug. 2 deadline set for a potential government default. But after Obama signed the debt bill Tuesday, Geithner said he plans to keep his job at least into the fall of 2012.
Geithner has held the job since being appointed by Obama and confirmed by the Senate on Jan. 26, 2009.
– CNNMoney's Rich Barbieri contributed to this report.
House Republicans and their national party leaders are looking for a scapegoat for their obstructionism during the recent debt ceiling negotiations and are desparately wanting to change the national dialogue about the implosion of their party, so that the American voter doesn't view the Republican slate of 2012 candidates as passe. Won't work. We saw what you did and we're voting you out next year.
RNC Chairman Reince Priebus blamed Obama and Geithner for Standard & Poor's downgrade (ARE YOU KIDDING ME!!!) SHUT THE FRONT DOOR!!!!
America to the RNC, Fire Priebus! While we're at it, fire all the Tea Party idiots who caused our credit downgrade. That's what happens when we send people to congress who have no idea about what they're doing.
CNN be carefull you don't hurt yourself leanning to the left that much
DNC to the RNC. "BITE ME" or " BITE TRUMP" or "BITE BOTH".
Just shut up, you did not agree with any of thier plans. Especially when revenue was included, the republican's would not ever help this country and would let it fall off the cliff if it meant failure for President Obama.
Your Republiban Party and Tea Baggers will be fired next election....idiot
The Replublican Part has stipulated that no LOOPHOLE tax cuts should occur. The middle class will need to pay for the services cut by the lack of revenue. The Republican Party want social security age to e increased. The middle class baby boomer should work themselves to the bone cracking old age before they can receive Social Security. The Republican Party support big business, the OIL companies make record breaking profit- no new taxes. Police and Fire services will be reduced as a result of the lack of serices paid for by government taxes. Geithner has prevented a DEPRESSION, and almost carried out a policy that would have prevented a lack of spending recession. The RNC and SP political motivations have created a loss of 401k money unless you have gold under the mattress, your retirement is again at risk. They have supported a deadlock future DEBT decrease that will cause DEFENCE spending cuts in the near future. If you want tax dollars to be ear marked for certain programs and seervices than create a balanced budget with those intentions.
WHat else are they going to do own up to the fact that the Tea Party and everyone who thought risking the full faith and credit United States was just a pawn in their game. These people are not patriotic the are IDIOTIC.
Right, like the RNC has President Obama (or our nation's, for that matter) best interest at heart ...
Fire the Tea Party and you got a deal
GOP, fire the Tea Party!
How about firing the entire Republican party. Get rid of these treasonous traders. NOW!
Fire Timmy now and in 2012 we'll fire Obama.
Yea, fire the guy who CORRECTLY warned you not to go down the path you demanded we take. Another brilliant bit of GOP propaganda. Blame the guy who was right but don't take any responsibility for being so horrible wrong yourself.
Who falls for this?!?!?!
For once I agree with the RNC. Geithner should go.
Of course Geitner will not resign. He knows nobody else would hire such an incompetent buffoon. Only somebody as clueless as Obama would refuse to fire this idiot. I can't believe we have another 16 months of this incompetence to endure.
Let's see, who was it that fought the debt ceiling increase? Who has their hands in wall streets pockets hoping to win the next Presidential election? Sure isn't the Democrats. This is a well orchastrated crisis to blame Obama for the economic unrest in hopes of sending a Republican to the white house in 2012. Hopefully there are still enough intelligent people left in this country to see through it.
Come on RNC. You know that this man does not have the "bolas" to fire this equally clueless moron (Geithner). The president is probably waiting for Geithner to leave on his own.
If he leaves, it would be the 10th or fifteenth lapdog to leave the NObama administration since he was sworn into office. And of course, that will not look good for this clueless president. Therefore, he prefers for Geithner to continue to drive our country down the path of ruin.
God help America. PLEASE!!!
Memo to RNC.......solve the real problem, and impeach Obama.
If Rince-cycle truly wants a solution to this problem, I'd like to hear what he recommends in the way of a "claw-back" sanction against the Reagan,Reagan, Bush 41 & Bush 43 administrations that committed managerial malpractice to contribute to the debacle that President Obama has been left with.
Clinton ran record surpluses in '98, '99, '00 of $88B, $122B & $230B so, he doesn't get included in the list of those past miscreants that are at fault.
Since America has always been a "meritocracy" where only the best, most capable people reach the top, shouldn't we dispense some accountability to these former leaders who BLEW IT? How about we sue them for damages? How about we recind their pensions? The problem is, there has been ZERO accountability for performance.
But now, all of a sudden, the RNC wants to exact some kind of punishment on the administration of the 1st black president. Typical of a party that thinks it is inherently superior to others.
If only Boehner was up to HIS JOB and could lead his caucus to support the $4T+ "Grand Bargin" [and done so without the histrionics], we'd ahve avoided this TeaParty inspired downgrade. Sounds to me like Boehner, Cantor, McConnell and at least 40 Tea Party freshmen Congressmen should be FIRED.
And the republicans are not blameless? Not withstanding the White House inaction and the Democrats sitting on the sidelines sometimes, the republicans have spent the last month blocking every proposal that even has a whiff of tax revenue in it. A significant portion of their part of congress wouldn't even close tax loopholes.
When republican congressmen and women, one after another, get on TV and Radio and proclaim that they will not compromise they show they are part of the problem and not the solution. We need leaders to step up, not idiots like these. Send these people packing.
The RNC backstabber says fire someone it's a done deal. get over yourself Reince. Irresponsible stewardship indeed, you need look no further than the terrorist wing of the Republican Party known as the Tea Party. Take responsiibility for your own in-fighting and the fact that the crier of the House could not keep his minions in line. Say what you want about Nancy Pelosi but she would not have tolerated such behavior from freshmen Democrats, they would have been taken to the woodshed in a heart beat. But nice try attempting to blame Mr. Geithner. We know know who the real culprits are.
RNC should be calling for all the right-wing extremists to go home so the USA can regain some sanity. Ever since the 2008 election, the right has gone farther and farther off the deep end; it has become acutely embarassing to have a conversation with intelligent people from other countries who cannot understand the American tolerance for extremists and morons, like the neo-cons and their Tea Party attack animals.
Sure, they did such a great job when they were in power. Repugs sure know how to manage the federal budget. They learned their lesson after Reagan cause a recession and Bush 1 caused a recession and Bush 2 caused a recession. You can trust them with your hard earned bucks.