Posted on 11/21/2009 3:02:51 PM PST by John Semmens
Seeking to deflect a rising frequency of calls for his resignation, U.S. Treasury Secretary Timothy Geithner suggested that “the root source of our current troubles can be traced back to the Reagan Administration. Remember, it was the tax cuts and deregulation pushed by President Reagan that unleashed an abnormal expansion of economic growth. The American people became accustomed to an unhealthy pace of increasing material prosperity that is incompatible with the more socially conscious restraint President Obama is trying to bring to this country.”
“Rising home values, rising investment values, rising salaries all stimulate a sense of greed that is at odds with the type of new nation Obama is trying to build,” Geithner said. “This country was already on the path to learning to live with reduced expectations under President Carter until Reagan took us off the track.”
Geithner insisted that “those who criticize what we’re doing now to get back on track are deluded by an unrealistic optimism about the future. In most of the rest of the world people are much poorer than even Americans who are out of work. Accommodating to lower expectations and living standards is the path that the President has chosen for this country. The sooner people get with the program the easier it will be for all.”
(Excerpt) Read more at azconserv1.wordpress.com ...
At least the heat’s off “W”....
In other words, our current failure wouldn’t look so bad if Reagan’s success hadn’t looked so good.
LOL why is this A$$clown still in office?
I have nothing to say that wouldn't get me banned.
Reagan and the two Bushes were just detours on our long road to third world status.
Oh, oh, let me...
***”...Remember, it was the tax cuts and deregulation pushed by President Reagan that unleashed an abnormal expansion of economic growth. The American people became accustomed to an unhealthy pace of increasing material prosperity that is incompatible with the more socially conscious restraint President Obama is trying to bring to this country.”
Translation...
Reagan bad, Obama good.
Economic growth bad, Poor people dependant on the Govenment for all their needs- good.
Prosperity bad, Socialism good.
Timmy the Turd.
You’re hauling them in again John. Nice one !
“This country was already on the path to learning to live with reduced expectations under President Carter until Reagan took us off the track.”
Oh, so Carter was leading this country to hell, before REAGAN saved the day and NOW Obummer wants to FINISH what Carter started.
What a freeking JOKE this who administration is!!
God help us!1
Now it’s: REAGAN DID IT...what Reagan did is free millions of people and brought America to her feet economically...what a complete crybaby...this goof ball is...he is also a criminal...
Now it’s: REAGAN DID IT...what Reagan did is free millions of people and brought America to her feet economically...what a complete crybaby...this goof ball is...he is also a criminal...
Let’s see, who haven’t they blamed yet....Eisenhower, Nixon, Ford, Bush-1. I guess there is lots of opportunity for more blaming. Hate to see it go pre-War though, and into the era of beards and mustaches.
Yes they told us this man was one of the sexyist people alive. And they did it with a straight face.
Reagan caused America to prosper too fast. Democrats can never be blamed for something like that. They are good at rationing out poverty, wrecking economies, and leaving people worse off for having elected them. Timmy wants more of that, because it is good for us.
Yeh...It’s John but you caught a bunch!!
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