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US can handle higher gas prices: Geithner

CNBC - US Business News -- The U.S. Economy is in a better position to deal with high gasoline prices, U.S. Treasury Secretary Timothy Geithner said on Sunday, adding that an unseasonably warm winter had lowered overall energy costs for U.S. consumers.

The U.S> Economy is in a much better position to deal with thos pressures...

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Submitted Apr 15, 2012 By: CostControl

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DARAMY11 Rookie Author Indiana Posts:43 Points:21,065 Joined:Jun 2011	Message Posted: Apr 17, 2012 7:04:03 AM Ignore DARAMY11 Report Abuse Not sure what Americans they are talking about, maybe the rich. Those of us barely making it are spending less at the grocery store so that we can spend our money at the gas station to get to work.
DanMtz Champion Author Oakland Posts:3,360 Points:1,244,300 Joined:Oct 2009	Message Posted: Apr 17, 2012 12:24:24 AM Ignore DanMtz Report Abuse I suppose if you work for the government, you can.
qwerty17 Champion Author New Jersey Posts:3,660 Points:1,119,625 Joined:Oct 2009	Message Posted: Apr 16, 2012 9:56:37 PM Ignore qwerty17 Report Abuse i can't.
bwatchingu Champion Author Arkansas Posts:1,745 Points:602,495 Joined:Jan 2009	Message Posted: Apr 16, 2012 4:40:09 PM Ignore bwatchingu Report Abuse What a jerk [Edited by: bwatchingu at 4/16/2012 5:41:43 PM EST]
blupupher Champion Author Houston Posts:3,561 Points:749,995 Joined:Feb 2011	Message Posted: Apr 16, 2012 12:25:17 PM Ignore blupupher Report Abuse Just because I can "handle" it does not mean I want to.
crep1291 Champion Author Ottawa Posts:2,584 Points:481,320 Joined:Dec 2010	Message Posted: Apr 16, 2012 9:36:14 AM Ignore crep1291 Report Abuse Everyone else in the developed nations pays higher gas prices. Why wouldn't the US able to do the same?
LanguageMan1 Champion Author Tampa Posts:11,733 Points:1,663,740 Joined:Apr 2008	Message Posted: Apr 16, 2012 9:25:18 AM Ignore LanguageMan1 Report Abuse So many good posts here on this one, and we should pump this baby up to the top! Fullcirclethink and dhdiesel, how true what they and so many others have said. Geithner is a BANKING guy, formerly of Goldman Sachs, formerly of the Fed, he's rich, out of touch with most of us. Obama got a good portion of his money running for office from the Bankers and other elitist, but so do the others. However, just as there were some people in government like Geithner from the banking sector under Clinton, there we more under Bush and now there's many more under Obama! These people don't have our interests at heart, only to make themselves and their friends wealthier! How I hope that many more wake the hell up! Republicans aren't the answer though, and you'll have to vote for real people, not attorneys and bankers or even big business people or professional politicians to see change happen for the good!
PatAZ Champion Author Tucson Posts:9,251 Points:122,420 Joined:May 2008	Message Posted: Apr 16, 2012 9:09:17 AM Ignore PatAZ Report Abuse Similar to the rest of the morons hanging around Obama.
CostControl Champion Author San Antonio Posts:13,383 Points:2,032,350 Joined:Mar 2004	Message Posted: Apr 16, 2012 8:59:49 AM Ignore CostControl Report Abuse Folks when you have OUR Government Officials saying that it is ok to have EXCESSIVELY HIGH FUEL PRICES & that the USA can handle those EXCESSIVE HIGH OR HIGHER PRICES is reckless & violates The OATH OF OFFICE that Secretary Geithner, Secretary Chu & President Obama took prior to taking the office... The Oath that is given to ALL Military Personnel, Presidents, Vice-Presidents, Cabinet Members, Senators, Congressmen & or Congresswomen, Civil Service Employees & all who work directly for The U.S. Government...ALL who freely take THE OATH OF OFFICE state that they will support & defend the U.S. Constitution & ALL laws & that they will not set personal goals & or agendas above WE THE PEOPLE... Violation of The Oath of Office has serious penalties under The United States Code & removal from their position is THE MINIMUM PENALTY! Maybe it is time for The Current Administration to sit down & really read THE OATH that they took when they freely accepted the positions! Goldman-Sachs & many other MAJOR corporations have too much power over both the Republican & Democrats & both parties have been guilty of violating THE OATH OF OFFICE many times since 2001 but this is the WORST I have seen & I have seen a bunch in 59 years! It is time for ALL the people Republican & Democrat to UNITE, SPEAK OUT & SPEAK UP against policies that harm the USA & The American People! Hopefully you will all agree... Comments?
PrinceLH Champion Author Ontario Posts:2,702 Points:539,995 Joined:Jun 2011	Message Posted: Apr 16, 2012 8:21:41 AM Ignore PrinceLH Report Abuse WHAT AN ASSHOLE!
BurntOrange Champion Author Austin Posts:8,738 Points:1,584,965 Joined:Nov 2007	Message Posted: Apr 16, 2012 8:17:12 AM Ignore BurntOrange Report Abuse Well, if Turbo Tax Timmy tells you, you know it's true.
LanguageMan1 Champion Author Tampa Posts:11,733 Points:1,663,740 Joined:Apr 2008	Message Posted: Apr 16, 2012 8:16:00 AM Ignore LanguageMan1 Report Abuse New nicknames for Geithner: Wonder Boy, Timmy The Tax Cheat, Moron, Delusional Timmy, Out Of Touch Timmy, plus all of yours below! That worthless b#$%h dog is completely out of touch or he's doing drugs. Maybe he, his friends the rich and politicians can handle it.
bar1035 Champion Author Charlotte Posts:9,172 Points:1,300,170 Joined:Aug 2006	Message Posted: Apr 16, 2012 8:12:40 AM Ignore bar1035 Report Abuse words from a piece of crap tax cheat
VDubBill Champion Author Jacksonville Posts:3,765 Points:1,263,870 Joined:May 2008	Message Posted: Apr 16, 2012 7:54:04 AM Ignore VDubBill Report Abuse Timmy has this easy. Just pay incomes taxes OR pay for gas. It's only difficult for people that do both.
jrschl Champion Author Louisville Posts:2,977 Points:682,715 Joined:Jun 2011	Message Posted: Apr 16, 2012 7:45:07 AM Ignore jrschl Report Abuse Someone needs to stuff a sock in his mouth.
Grizdad Champion Author San Bernardino Posts:5,540 Points:785,075 Joined:Oct 2010	Message Posted: Apr 16, 2012 7:40:16 AM Ignore Grizdad Report Abuse Come on Tim, get real.
scu227 Champion Author New Haven Posts:4,162 Points:773,830 Joined:Feb 2011	Message Posted: Apr 16, 2012 7:27:28 AM Ignore scu227 Report Abuse Is he living in a bubble? Prices for everything continue to rise, but not our paychecks. MAabe he should go buy some groceries which are out of control as much or more than fuel!
molebaby96 Champion Author Tallahassee Posts:2,126 Points:506,890 Joined:Nov 2011	Message Posted: Apr 16, 2012 7:03:37 AM Ignore molebaby96 Report Abuse Vote against him please.
humblepie Champion Author Toledo Posts:34,289 Points:2,373,320 Joined:Mar 2006	Message Posted: Apr 16, 2012 6:30:36 AM Ignore humblepie Report Abuse we just cant handle him and his boss much longer
nozzle46 Champion Author Little Rock Posts:6,700 Points:1,474,025 Joined:Jul 2006	Message Posted: Apr 16, 2012 5:37:58 AM Ignore nozzle46 Report Abuse But individuals?
FPLREP Champion Author Virginia Posts:8,271 Points:2,450,200 Joined:Oct 2005	Message Posted: Apr 16, 2012 5:36:35 AM Ignore FPLREP Report Abuse Wonder if HE buys gas?
bullet226 Champion Author Toronto Posts:2,716 Points:534,915 Joined:Nov 2010	Message Posted: Apr 16, 2012 5:29:42 AM Ignore bullet226 Report Abuse He'll go when Obama goes
FocusST2 Champion Author North Carolina Posts:8,153 Points:1,380,875 Joined:Jul 2009	Message Posted: Apr 16, 2012 5:29:28 AM Ignore FocusST2 Report Abuse Geither hasn't brought anything good to the current financial situation. Another inept Washington regular.
rbrk02 Champion Author Rhode Island Posts:5,753 Points:819,180 Joined:Jan 2011	Message Posted: Apr 16, 2012 5:13:39 AM Ignore rbrk02 Report Abuse Maybe the US 'can' handle higher prices but it shouldn't have to. This guy needs to go.
SavingInNC Champion Author North Carolina Posts:5,798 Points:1,095,415 Joined:Oct 2006	Message Posted: Apr 16, 2012 4:55:17 AM Ignore SavingInNC Report Abuse Get rid of that idiot
Pozole Champion Author Portland Posts:9,609 Points:1,596,470 Joined:Mar 2005	Message Posted: Apr 16, 2012 3:55:41 AM Ignore Pozole Report Abuse ...Geitner is a total loser, he is definitely not looking out for the people he is supposed to be serving...he serves himself and the other thieves that fleece this country...
SilverDodge2000 Champion Author Spokane Posts:1,038 Points:186,405 Joined:Feb 2011	Message Posted: Apr 16, 2012 3:44:13 AM Ignore SilverDodge2000 Report Abuse Gee, you would think the Chief Tax Cheat would be looking out for the people.
WR-INC Champion Author Twin Cities Posts:39,504 Points:3,626,285 Joined:Dec 2002	Message Posted: Apr 16, 2012 3:29:21 AM Ignore WR-INC Report Abuse We need to get rid of this tax cheat.
NedW Champion Author Indianapolis Posts:5,625 Points:1,144,195 Joined:Mar 2008	Message Posted: Apr 16, 2012 3:12:17 AM Ignore NedW Report Abuse TurboTax Timmy wants to see the economy raped more than it already is?
nfldude Champion Author San Diego Posts:3,884 Points:447,755 Joined:Dec 2011	Message Posted: Apr 16, 2012 2:42:38 AM Ignore nfldude Report Abuse will Geitner be looking for a new job next year?
Amplion Champion Author Oregon Posts:6,773 Points:1,866,130 Joined:Sep 2005	Message Posted: Apr 16, 2012 2:33:46 AM Ignore Amplion Report Abuse OBOZO & HIS CRONIES WASTING OUR MONEY AGAIN !!!!!!!
wendy1john32 Champion Author Los Angeles Posts:1,757 Points:1,056,695 Joined:Jul 2009	Message Posted: Apr 16, 2012 2:29:23 AM Ignore wendy1john32 Report Abuse The Greens want to decrease fossil fuel use by increasing its price, never mind the misery that causes.
djgunrunner Champion Author Salt Lake City Posts:10,109 Points:2,350,555 Joined:Apr 2005	Message Posted: Apr 16, 2012 2:00:09 AM Ignore djgunrunner Report Abuse This comment by geithner is utterly stupid.
vjs3 Champion Author Denver Posts:2,547 Points:650,890 Joined:Jun 2011	Message Posted: Apr 16, 2012 1:17:21 AM Ignore vjs3 Report Abuse I know that I'm not positioned to deal with higher gas prices!
fullcirclethink Champion Author Washington Posts:2,007 Points:159,270 Joined:Jun 2009	Message Posted: Apr 16, 2012 1:09:26 AM Ignore fullcirclethink Report Abuse If a Republican were in office and had said something like this, he or she would be making front page news all over the MSM calling for their resignation!! Way too obvious that the foxes are running the hen house!!!
CostControl Champion Author San Antonio Posts:13,383 Points:2,032,350 Joined:Mar 2004	Message Posted: Apr 16, 2012 12:41:00 AM Ignore CostControl Report Abuse KKimes, USA Refinery Production rates are down from the 92-94% percent rates of just 5 years ago to 52-56% percent in 2011-2012... Demand is DOWN...SUPPLIES ARE UP so prices should be much lower but they are not! We have been & currently are exporting both USA Crude Oil & USA Refined gasoline, diesel & other fuels & products to foreign markets making prices at the pump even higher! POINT IS that there is plenty of crude oil & we do not need EXCESSIVE HIGH PRICES AT THE PUMP NOW when OUR USA Economy is in a bad way... WE also DO NOT NEED TO bankrupt the poor & middle class just to get a GREEN AGENDA GOING! Me thinks that President Obama & HIS Administration should remember how he was voted in to office & who voted for him! Economists was polled this week end & THE GREATEST THREAT to the USA Economy was EXCESSIVE HIGH FUEL PRICES! G20 is meeting & they have said the The USA & World Economy has hit a ROUGH PATCH... Folks cannot buy other things if they are spending a lot at the pump or buying another new vehicle that many cannot afford to buy or make payments on!
xfatman Champion Author Missouri Posts:7,769 Points:2,002,020 Joined:Aug 2006	Message Posted: Apr 16, 2012 12:23:53 AM Ignore xfatman Report Abuse See, you can handle higher gas, Higher Taxes, and be happy....where is the Kool Aid that this idiot has been drinking....
CostControl Champion Author San Antonio Posts:13,383 Points:2,032,350 Joined:Mar 2004	Message Posted: Apr 16, 2012 12:23:29 AM Ignore CostControl Report Abuse FACT - The MAJORITY of American Citizens & Consumers cannot afford to pay EXCESSIVE HIGH PRICES AT THE PUMP OR FOR FOOD! FACT - The MAJORITY of USA Citizens & Consumers also cannot afford to go out buy an electric car, hybrid, LPG or CNG vehicle either due to price, availability or the ability of that vehicle to meet their needs! Face it folks hybrids are not the answer until plug in hybrid becomes available in numbers... Electric cars also are not the answer due to limited range & lack of charging stations & electrical production limits... LPG & CNG have serious merit but it would take 7-10 years just to get a marginal number of fuelling stations to make them worth the effort... Now saying the USA can take HIGHER fuel prices to make a GREEN AGENDA more attractive to SOME POTENTIAL CONSUMERS is like putting Lipstick on a pig! All you get is a different looking pig... FACT - Risk to The USA Economy & WE THE PEOPLE is just too great! President Obama is trying to get GREEN MONEY, BIG OIL MONEY & FINANCIAL MARKET & SPECULATOR & TRADERS MONEY... Time to Wake Up America & see that WE THE PEOPLE OR THE GREAT MAJORITY are being taken for saps, suckers, fools & chumps by NOT speaking out against such talk & policy by OUR GOVERNMENT! Comments?
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Apr 16, 2012 12:14:10 AM Ignore anascom Report Abuse i don't agree with this article. nonsense for me!
kkimes Champion Author Illinois Posts:1,605 Points:1,507,210 Joined:Sep 2005	Message Posted: Apr 15, 2012 11:56:46 PM Ignore kkimes Report Abuse Well, you can face it or ignore it, but the fact is true that the world is starting to run low on affordable fossel fuel. The sooner we find useable alternatives, the longer fossel fuel can be around for those who really need it. I just bought a Toyota Camry Hybrid. Sure it cost more up front, but I'll use half the gas I did with my last car. Imagine the effect it would have if everyone could do that.
amteb All-Star Author Toledo Posts:513 Points:102,865 Joined:Apr 2012	Message Posted: Apr 15, 2012 11:52:14 PM Ignore amteb Report Abuse Not sure where this info came from. I see myself as a person representative of the general population and I KNOW I can't keep up with rising gas prices, and I live in as state that is relatively stable compared to the coastlines of our nation!
alterman156 Champion Author New York Posts:7,495 Points:1,558,725 Joined:Dec 2008	Message Posted: Apr 15, 2012 11:41:40 PM Ignore alterman156 Report Abuse People are tired of paying so much for gasoline.
Caduceus26 Champion Author Jacksonville Posts:3,906 Points:764,335 Joined:May 2009	Message Posted: Apr 15, 2012 11:40:11 PM Ignore Caduceus26 Report Abuse Hope Geithner doesn't think he is speaking for the gas buying public.
megadiesellv Champion Author Atlanta Posts:1,474 Points:503,585 Joined:Sep 2011	Message Posted: Apr 15, 2012 11:33:37 PM Ignore megadiesellv Report Abuse Why r we listening to the obummer turbo tax guy? Does he have any clue?
mpg611 Champion Author Cleveland Posts:2,345 Points:571,645 Joined:Apr 2011	Message Posted: Apr 15, 2012 11:24:19 PM Ignore mpg611 Report Abuse This guy obviously has his head up his butt.
Bussman Champion Author Dallas Posts:5,523 Points:1,360,935 Joined:Nov 2008	Message Posted: Apr 15, 2012 11:22:00 PM Ignore Bussman Report Abuse Geithner is just Nobama's mouthpiece. All you who STILL are possibly even thinking of re-electing this current administration, are you listening??? How much more proof do you need to agree that this man and his cronies need to voted out of office.
ToolinIt Champion Author Colorado Posts:1,803 Points:888,945 Joined:May 2010	Message Posted: Apr 15, 2012 11:19:05 PM Ignore ToolinIt Report Abuse What a moron! Geither is wealthy and doesn't understand the plight of the poor. The inflation stats don't include the price of fuel/gas in the calculations. BS that is purposely stewed by the government. [Edited by: ToolinIt at 4/16/2012 12:22:33 AM EST]
Blue_Cruzer Champion Author Lexington Posts:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: Apr 15, 2012 11:11:23 PM Ignore Blue_Cruzer Report Abuse Time for a change the government.
CdnLynx Champion Author Ontario Posts:1,024 Points:524,960 Joined:May 2008	Message Posted: Apr 15, 2012 11:05:19 PM Ignore CdnLynx Report Abuse US can handle higher gas prices, but a what risk, Geithner. At the risk of what; what are you willing to sacrifice; your economy, leadership of the free world. maybe you can handle higher prices, however can the working poor of America handle the daily grind, that you obviously aren't in tune with. Idiot!
WildmanMick Veteran Author North Carolina Posts:426 Points:316,540 Joined:May 2011	Message Posted: Apr 15, 2012 11:01:40 PM Ignore WildmanMick Report Abuse What reality does Geithner live in?