[QUOTE}No. A Geosynchronous orbit around the equator (a geostationary orbit, which I should have said in my first post) means that the satellite is “parked” over a geographical point on the earth’s surface. As seen from the moon, the satellite moves in an orbit, but seen from the earth, the satellite is stationary. Look at satellite TV antenna dishes: they are pointed at a satellite in a geostationary orbit and don’t move.[/QUOTE]
You are both right. The satellite oribts the earth once per 24 hours, but since the Earth rotates, it appears to be stationary. Lemur866 was right though, it is in orbit and it is moving very fast.
Coriolis force. We are not conserving angular velocity, we are conserving angular momentum. This means that when the guy gets closer to the Earth he will be rotating at a faster angular velocity. So, assuming this is lowering on a rope rather than part of a space elevator, the rope may end up wrapping around the Earth a few times before the guy touches ground. There is nothing in the lowering scenario to slow him without entering into a very odd rotation about the spacecraft, so by the time he makes groundfall he will be moving easily fast enough to burn up.
In a stable circular orbit Vg=0. There is a force and acceleration in that direction but no velocity (due to changing reference frames). There is, in fact, huge changes in position, it is just that the Earth moves along with it. There is no change in distance wrt the Earth, but that is just because the Earth is a non-inertial reference frame. In general, Lemur866 had it right.