Posted on 08/03/2010 8:57:09 AM PDT by ChrisBoundsTX
You can say all of the right things, but at the end of the day reality still exists.
Tax cheat Treasury Secretary Timothy Geithner spoke with George Stephanopoulos about the “tough economy.” Geithner was very optimistic about the future of the economy and confidently stated that unemployment will go up a little then fall.
I do not dispute the “its darkest just before dawn” idea, but I am curious as to what support Geithner had to suggest that things will be getting better in the near term. GDP is lower, consumer confidence is lower, unemployment is higher, debts and deficits are skyrocketing, taxes are up and with the expiration of the Bush tax cuts they will go much higher in 2011, the housing crisis is worsening, a drilling moratorium has put thousands out of work temporally, an illegal immigration problem wasting billions of American resources and threatening our security, massive economic stifling legislation has been passed dumping tons of regulatory measures and IRS paperwork on businesses, we are still forking out billions for two wars and numerous other foreign threats are emerging, and much more.
So Mr. Geithner, where is the light in that mess? Congress passed bailouts of the financial and auto industry, multiple stimulus packages, the health care bill, financial regulation bill…all said to be solutions to the problem – a “must pass now” bill before catastrophic disaster occurred – sold to Americans that they would turn this economy around. Yet we are no better off than we were 2 years ago except now we have trillions of new debt.
I do not mean to sound doom and gloom. I call it as I see it. Your way has not worked. Why don’t we try the free market again. Not a quasi free market where government is embedded in the deepest roots of it, but a free market that lasted up until the early 1900s that allowed America to become the greatest economic engine in the world. What do you say, Timmy?
RAT unemployment will be rising on November 3rd.
Thank You Lil Timmy TaxCheat.. for nothing.
The sheer chutzpa of this administration. Trying to convince us that the coming higher unemployment is a good thing.
In California, we have a temporary sales tax increase. The tax was raised before it is supposed to fall. Reminds me of John F-word Kerry saying he voted for the $70 billion support for the Iraq war effort before he voted against it. And now Herr Geithner is telling us that unemployment rates will rise before they fall. The 0bama administration will continue to tell more lies before it tells the truth. And the corner hooker will sleep with more men before she becomes a virgin.
“its darkest just before dawn”
No. It’s darkest at midnight.
This is Geithner laying the groundwork for a double-dip recession. As things get worse, he and Gibbs will just say this downturn was expected and will be temporary: nothing to worry about folks, just stick with us and we’ll get the economy out of the ditch soon enough. It’s remarkable that anyone in the WH would think the public will believe such talking points.
So, Geithner has turned into Chance the Gardner?
Old Timmy is crazier than a Sh!! house rat!! And stupid to boot!!!
I must agree.
What he really means is that people will continue to lose their jobs, so unemployment will continue to rise, then, eventually, they will give up on trying to find a job and then, they will, for statistical purposes, no longer be unemployed and the unemployment rate will drop.
In other news, the stock market will go up before dropping, doors will open before closing, grass will live before dying.
Is this claptrap supposed to be interpreted as knowledge?
haha
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