By Eugene J. Koprowski, Esq.
August 15, 2011
The U.S. suffered not only a symbolic humiliation on Friday, as many in the media suggest, but something of a credit coup d'etat by Standard & Poors. By downgrading the debt rating of the country from AAA to AA +, S&P stripped away some of the sovereignty of Uncle Sam. Thomas Jefferson, John Jay and Benjamin Franklin, in the early days of the Republic, negotiated with French and Dutch bondholders, in the wake of the Revolutionary War, to put America on a solid financial ground.
have only been rated by ratings agencies like S&P since the early
20th Century, but, never in American history has the U.S. been treated
like a financial inferior to Finland and Sweden.
The party primarily responsible for this – Barack Obama – still has a year plus in office. But America needs a serious shakkeup right away to start to remedy the situation.
Might I suggest firing U.S. Treasury Secretary Tim Geithner as a first step in reforming America's fiscal situation?
Geithner is the architect, so to speak, of the entire Obama recovery plan, instituted during the transition in the waning days of 2008.
He's the one who came up with the Keynesian "stimulus" plan which appropriated more money in one moment than was spent in the entire history of the U.S., from the days of Jefferson through the presidency of George W. Bush. He's the one who enabled the House and Senate Democrats, Nancy Pelosi and Harry Reid, to pass Obamacare, which has imperiled a seventh of the U.S. economy, and put the future of Medicare in jeopardy. He's the brilliant financier who decided the U.S. could pay its debts by printing more money.
Demagogue on Demand
Ultimately, Obama, of course, is to blame for this financial mess. His demagoguery during the 2008 campaign was just the beginning. He routinely blames corporate America for all of the problems he and his team, led by Geithner, have caused. He's become a regular on-demand demagogue.
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The voters will next fall be able to send Obama back to Hyde Park, with his beloved friends Bill Ayers and Louis Farrakhan, where he can build a library and monument to his own momentousness on the campus of the University of Chicago, and continue to be worshipped as if he is a Greek god by his fawning progressive fans forever.
Earlier today, the Treasury secretary told Obama, "I'll stay" through the end of Obama's term. This is clearly someone who doesn't know when he's overstayed his welcome.
We need satisfaction now. Geithner must go. Whether it is by resignation, firing, or impeachment and removal from office, he's got to go. See you later, Big Spender.
To pre-order a copy of Gene Koprowski's latest book from Momentum Press, click here.
© 2011 Eugene J. Koprowski, Esq. - All Rights Reserved
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Eugene J. Koprowski is founder of Conservative Young Guns Interactive, a digital political advertising agency, with offices in Washington D.C. and Chicago, which aims to keep the grassroots pressure from the Tea Party movement on the GOP through the 2012 election and beyond. He holds a law degree from the Thomas Jefferson School of Law, a master's degree from the University of Chicago, and completed his undergraduate work at Northwestern University. An award-winning journalist, Mr. Koprowski earned an Emmy Award Nomination in 2008 from the National Academy of Television Arts and Sciences (NATAS) for his work for FoxNews.com..
See some of his opinion pieces/columns for Fox News.