Mack Introduces Resolution of No Confidence in Treasury Secretary Geithner in U.S. House

Measure Follows Senator Rand Paul's Resolution in U.S. Senate

WASHINGTON, Aug. 10, 2011 /PRNewswire-USNewswire/ -- Congressman Connie Mack (FL-14) announced his intention today to introduce in the U.S. House of Representatives a vote of no confidence in Treasury Secretary Timothy Geithner, following a similar measure announced last night by Senator Rand Paul (KY). Following Mack's repeated calls for Secretary Geithner to resign, his intention to introduce a resolution underlines Secretary Geithner's gross mismanagement of the U.S. economy.

Mack stated:  "Secretary Geithner repeatedly predicted that if the debt limit was not raised, the stock markets would crumble and our nation's AAA Credit Rating would be reduced. Despite some Members' very public objections, the Congress as a whole went along and raised the debt ceiling as Geithner demanded. Immediately after, the foremost global financial markets fell precipitously, and Standard and Poor's reduced  America's Credit Rating.  In short everything Secretary Geithner promised would not happen has happened because we raised the debt ceiling.  It's time for a change and I commend Senator Paul for taking the legislative lead to invoke change in the Administration.

The recent downgrade only adds to the list of unfulfilled promises Secretary Geithner has made to the American people:

• Promised more infrastructure spending would create jobs, the unemployment rate has hovered over 9%.
• Promised never to embrace a strategy to weaken the U.S. dollar, the dollar has hit an all time low in value.
• Promised the U.S. 'will never' lose its triple- A credit rating, this past Friday S & P downgraded the U.S. to a AA rating.

Mack concluded: "Secretary's Geithner's management of our nation's assets is as appalling as asking hard-working Americans to pay more in taxes when he didn't pay his own.  The writing was on the wall when Secretary Geithner was nominated by President Obama." 

SOURCE Office of Congressman Connie Mack

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