Geithner Rips S&P Downgrade

Treasury Secretary Timothy Geithner’s decision to remain at his post through the 2012 election appears to have put some fire in his belly: He ripped into S&P on CNBC for its credit downgrade of the United States, saying “S&P has shown really terrible judgment and they've handled themselves very poorly.” He added, “They've shown a stunning lack of knowledge about basic U.S. fiscal budget math.” (S&P’s decision was based, in part, upon math that included a $2 trillion miscalculation.) The Wall Street Journal says that President Obama considers the move “unjustified” and will push that message this week.