Deeply Unfair
http://www.google.com/hostednews/ap/article/ALeqM5i2Rvbv1J7z6cHV_l3BDb3qGpRUewD9EQ9DI80
Crocodile tears from Geitner. How comforting to know he cares so much.
"Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis." It wasn't Obama it was Bush. The guy can't even remember two years ago.
"Geithner also said that administration officials are "very worried" about recovering the more than 8 million jobs lost in the recession" They should be very worried. Now if only they would address the correct issue maybe it could be addressed.
"The secretary agreed that the national jobless rate — now at 9.7 percent — is "still terribly high and is going to stay unacceptably high for a very long time" because of the damage caused by the recession. Correction... Because of the damage caused by corporate America off shoring for 30 years. He is right in that it is going to stay unacceptably high because nobody is addressing the real issue. Not Democrats, not Republicans. Not anyone. Lots of wasting money. Lots of speeches. Nobody fixing the real issues. Nobody even acknowledging the real issues.
"A report Thursday said that initial claims for unemployment benefits fell slightly last week as the recovering economy moves closer to generating more jobs." This is not true. Just because the economy isn't losing as many jobs has no bearing on if new jobs are going to be created. This is wishful thinking
"Geithner said he hopes skeptical voters will note legislation moving through Congress to bring reforms to the financial system." What is taking so long? Lehman brothers collapsed 18 months ago. Bear Sterns collapsed two years ago. It took them four weeks to put TARP together. Why are reforms taking so long. I think the answer to Geitner is NO voters will remain angry and skeptical. He is to blame too. He was helping to steer the ship when it sank so his phony concern is disingenuous at best since he is responsible.
Crocodile tears from Geitner. How comforting to know he cares so much.
"Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis." It wasn't Obama it was Bush. The guy can't even remember two years ago.
"Geithner also said that administration officials are "very worried" about recovering the more than 8 million jobs lost in the recession" They should be very worried. Now if only they would address the correct issue maybe it could be addressed.
"The secretary agreed that the national jobless rate — now at 9.7 percent — is "still terribly high and is going to stay unacceptably high for a very long time" because of the damage caused by the recession. Correction... Because of the damage caused by corporate America off shoring for 30 years. He is right in that it is going to stay unacceptably high because nobody is addressing the real issue. Not Democrats, not Republicans. Not anyone. Lots of wasting money. Lots of speeches. Nobody fixing the real issues. Nobody even acknowledging the real issues.
"A report Thursday said that initial claims for unemployment benefits fell slightly last week as the recovering economy moves closer to generating more jobs." This is not true. Just because the economy isn't losing as many jobs has no bearing on if new jobs are going to be created. This is wishful thinking
"Geithner said he hopes skeptical voters will note legislation moving through Congress to bring reforms to the financial system." What is taking so long? Lehman brothers collapsed 18 months ago. Bear Sterns collapsed two years ago. It took them four weeks to put TARP together. Why are reforms taking so long. I think the answer to Geitner is NO voters will remain angry and skeptical. He is to blame too. He was helping to steer the ship when it sank so his phony concern is disingenuous at best since he is responsible.
posted by res17 at
April 01, 2010
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