It's still not enough. At the equator, to do one revolution per day, you're doing ~1000mph. At 36,000km, because the circumference of the orbit is much longer than the circumference at ground level, to do one revolution per day, you need to be doing ~6900mph. So even if you get to geosynch, you still need to pick up ~5900mph sideways in linear velocity. As well as the energy it takes to get up there.