Geithner says need to keep stimulus on

Reuters ^ | 11709

[FromLori]

ST ANDREWS, Scotland (Reuters) - U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.

"If we put the brakes on too quickly we will weaken the economy and the financial system, unemployment will rise, more businesses will fail, budget deficits will rise, and the ultimate cost of the crisis will be greater," Geithner said in a statement issued at the conclusion of a two-day Group of 20 meeting.

He said that with some growth beginning to become apparent in the global economy, policymakers were faced with new challenges but had to avoid taking actions that could snuff out recovery.

"It's too early to start to lean against recovery," Geithner said.

"With growth now underway and the financial fires winding down, the policy challenge is changing. The first stage was the emergency rescue," Geithner said. "The next stage was catalyzing private demand and business investment. This will require continued policy support."

[FromLori]

See you just knew this tax cheat creep would pander to obama to keep the spending going much the same bernanke is doing! They are trying to delay the inevitable and this will make it all the more painful when the time comes to pay the piper!

[shadeaud]

What the heck is this clown doing playing golf at St.Andrew’s in Scotland when our economy is in such dire straights.

[freekitty]

He means to steal more money.

[norraad]

Every time I see that weaselly face I think of the mad hatter from Alice in Wonderland.

Why these bankrobbers haven't been tarred and feathered and run out of town on a pole baffles my and my ancestors.

We've got to do something, ,the sound of them rolling in their graves is really startin' to bug me!

[The Comedian]

Sorry Timmy, you've spent everything we had, and maxed out our borrowing ability.

You'll just have to kill us with the existing Obama mountain of debt and Communist spending plan, instead of trying to build an entire Obama Debt mountain range.

Is there a source yet where I can buy Ameros? I'd like to buy some before my US dollars go Zimbabwe, thanks to you and your Kenyan massah.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[Lorianne]

Taxpayers = chihuahuas Lady = Government