Let us assume that "geosynchronous" means a geostationary equatorial orbit in this case.
If "thrusted straight down" is taken to mean that the satellite fired its thrusters in a vertical direction then the satellite would surely miss the Earth -- or at least miss the point directly beneath it.
The satellite's orbit is about 22,000 miles above sea level. Add in the radius of the Earth and that's about 26,000 miles total. The circumference is two pi times that for something like 160,000 miles. It completes one orbit in just a little under 24 hours. So that's around 7,000 miles per hour.
A similar calculation shows that a point on the surface of the Earth at the equator is moving in a circular path at a little over 1,000 miles per hour.
If you fire your thusters, pushing the satellite straight down, it will retain its full orbital velocity in the horizontal direction. If you fire hard enough, it will crash into the earth. But that original horizontal velocity will mean that it will crash somewhere to the east of the point directly under where it started.
In the rotating frame of reference in which both Earth and satellite start out stationary, this is seen to be due to the Coriolis force.