Geithner’s suggestions are well considered and address the most fundamental problems facing the US and global economies today: the imbalances between saving and consuming nations. If only the Administration’s fiscal policies weren’t diametrically opposed them, making it unlikely that the policies can be brought to fruition.
It is comforting to know that at least one member of this egregious economic policy team seems to know what he’s doing. But then again, maybe Timmy just stumbled on this course by blind luck. Even a stopped clock is right twice a day, I suppose.
You're probably right given that we can't afford to be the world's consumer much longer.