Geithner on the economy: it’s going to be hard, harder than anything you’ve ever experienced

I debated whether or not I would post this, because it’s just so doggone depressing. But it’s also refreshing to hear this coming from someone in the administration. Yesterday Treasury Secretary Tim Geithner, when asked the question how long this recession will continue, he responds … oh why should I spoil the surprise video below the fold.

For those of you who’ve been out of work for a long time you might want to skip this. The Treasury Secretary, the man at the helm of this recovery, and at least partly responsible for the mess that we are in (see Reckless Endangerment) has a brief moment of candor. Speaking with David Gregory on Meet the Press Geithner tells the American people that this is going to be a long tough slow recovery. It’s going to be hard harder than anything you’ve ever experienced.


 Hope and change. How long before the American people realize when they elected the young president they were going to get neither? 2013 can’t come fast enough!

11 replies
  1. TomL
    TomL says:

    ?[W]hen you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.?
    Ayn Rand?”Atlas Shrugged”

  2. Lynn
    Lynn says:

    I was going to be flip and just say, well it’s Bush’s fault, don’t you know. However, Tom, that quote is spot on.? I have to admit it is time to read that book and “The Fountainhead” again. Why oh why do I ever doubt Jim and RVO. Rand is better than Orwell on this point.

  3. Plainvillian
    Plainvillian says:

    ……. and wasn’t Geithner’s last sentence another way of saying, “It’s Bush’s fault.”?? Aren’t we glad he clarified that?

  4. Tim-in-Alabama
    Tim-in-Alabama says:

    I don’t know of another Treasury Secretary with less gravitas than Turbo Tax Tim Geithner. In his expanded comments, he also blamed acts of God – earthquakes and tsunamis and blizzards and tornadoes and high humidity and partly cloudiness and winds from the SW at 5 to 7 mph – for much of our current economic doldrums. Since Bumpy Barack O’Bama owns this economy, he is responsible for it lock, stock and oil barrel. If Geithner is blaming acts of God, and O’Bama is the One responsible, then Timmy is calling Barry “God.” This is yet another case of Democrats bringing God into a situation they have screwed up or will screw up. Eighteen more months of this, sheesh.

  5. sammy22
    sammy22 says:

    Ayn Rand and her “philosophy” (dated as it is) will not get this country out of this mess.

  6. gillie28
    gillie28 says:

    Tim, rotfl…those SW winds at 5-7 mph will tank the economy every time!? Seriously, I think TTT (Turbo Tax Timmy) will high-tail it out of there before the end of Obama’s (one) term, so he can add someone else to?his long list of “blame-anything-but-me.”?

  7. gillie28
    gillie28 says:

    Sorry, got side-tracked by Alabama Tim’s post.? It WILL be incredibly difficult to recover from this economic mess.? An added issue is that since the 1950’s, many American’s have lived very privileged lives for the most part.? Any lessening of standards of living, any challenge to generations used to having every gadget and latest fad, every convenience, will?have psychological as well as physical repercussions.

    Having said that, Americans are generally resourceful and have a great spirit of entrepreneuralship (if that’s a?word!) compared to most other countries.? Look how we recovered after 9/11 (thank you, President Bush, if it’s not yet a criminal?offense to say that?:)).? Think it will be a “fifo” (first in, first out)?situation, providing those spirits of entrepreneuralship and resourcefulness are nurtured.?

    The major blockage to this is all those so-called “economists” advising the administration who had all these erudite pontifications on how to fix the economy, and?are now admitting they have “no clue” how to improve the job situation.? It’s not rocket-science!? Keep taxes low, give companies (the small, as well as the?global) the incentives to expand and hire.? Job (no pun intended) done.? And stop…

  8. winnie888
    winnie888 says:

    The only reason we need to “rebuild America” to “create jobs” is because it’s been torn down so far.? Destroy so you can repair?? It’s a patently ridiculous concept and if we in the private sector behaved as the politicians in this country do, we’d all be bankrupt.

  9. Lynn
    Lynn says:

    Well, Winnie, we’re all close to bankrupt, because of the politicians, especially in CT. Just thinking it’s time to sell our toys, but who can buy them?

  10. Dimsdale
    Dimsdale says:

    I don’t see how government “just getting out of the way” is either dated or ineffectual.? What is dated and proven to be ineffectual is the statist/progressive/socialist policies that the left wields with mindless abandon.?

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