Posted on 04/18/2010 8:36:26 AM PDT by ConservativeTerrapin
WASHINGTON (AP) - Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is growing faster than the Obama administration expected.
He tells NBC's "Meet the Press" that the country is on the way to sustained job creation. But he acknowledges that unemployment may remain high, close to 10 percent.
Geithner says there's more confidence in the business world, and he says the private sector is growing. He also says people are spending more.
He said he sees encouraging signs that should make Americans confident the country will emerge stronger.
(Excerpt) Read more at apnews.myway.com ...
He tells NBC’s “Meet the Press” that the country is on the way to sustained job creation. But he acknowledges that unemployment may remain high, close to 10 percent.
He is kidding ? Sustained growth without jobs ? How is this possible ?
Geithner (GYT’-nur) sounds like a damn fool - but his sector of the economy is certainly growing.
First off i’ve never seen a treasury secretary sit down to speak to congress and talk about the presidents programs. Clearly a partisan hack as opposed to being independent as hes supposed to be.
Second,companies are doing fine right now without adding workers. Its called productivity gains. Add in the uncertainty over just how much the administration is going to rape them for in taxes and you have a second reason to not hire.
All in all,yeah the economy is doing better but its not going to lead to hiring. Eventually companies won’t do as well should unemployment stay as high as it is. That’s why Obumbler talks about green jobs(grasping at straws) and increasing exports when we have some of the highest labor costs around.
GNP= C * I * G
Consumer spending times Business investment times GOVERNMENT SPENDING
I think even TurboTaxTimmy is bright enough to pick which of these three is responsible for the GNP increase.
Yeah, but we make up for it with high taxes and environmental regulations.
Oh, wait...
BTW, I’m a Tooth Fairy!
What ILLEGAL drug is this guy on?
Maybe he means the economy is tanking faster than expected and unemployemnt is rising faster than expected
And Timmy has figured out how to do his Turbo Taxes.
It’s morning in America again!/s
The Prozac kid should visit California where malls are shut down, restaurants are boarded up, and the layoff notices keep flowing.
This bunch in DC would make Joseph Goebbels proud!
I saw a unicorn.
where ???
_____________________
I’m with you ~ where?
I’m in the hotel industry and every day I’m speaking with hotel owners that have rented 8, 10 maybe 15 rooms the night before. This in 60+ rooms sometimes over 100 rooms available with something like 20 rented. If the economy were rebounding then the hotel industry would be busier. It’s worse now than last year as far as I can tell.
yes .economy is a big fail while obama buddies are getting richer ....bigges swindle in our history...anyone know where the money is going...????
More double speak from Geithner.
“Let them eat cake!”
Timmy’s nose is growing faster than expected.
I am wondering if Timmy is still doing his taxes on Turbo Tax ....or whether he is using H & R Block now ??
How come David Gregory didn’t ask him ??
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