March 9, 2010
We saved the economy but kind of lost the public doing it.
Simon Johnson wrote: a more accurate essay entitled:
They Saved The Big Banks But Kind Of Lost The Economy Doing It.
My take on it is pretty straightforward:
We can save the economy, but only if we kind of lose Geithner.
Congressman DeFazio summed it up pretty well last November:
We think it is time, maybe, that we turn our focus to Main Street …
Unfortunately, the President has an adviser from Wall Street, Larry Summers, and a Treasury Secretary from Wall Street, Timmy Geithner, who don’t like that idea. They want to keep the TARP money either to continue to bail out Wall Street…or to pay down the deficit. That’s absurd…
“[Obama] is being failed by his economic team … We may have to sacrifice just two more jobs to get millions back for Americans.
This article was posted: Tuesday, March 9, 2010 at 5:24 am