Jul
25
Geithner: Can I Fool You Just One More Time?
Its like the man really figures we don’t have any long term memory, at all:
The U.S. economy is gradually recovering, but the private sector now must drive growth rather than the government, Treasury Secretary Timothy Geithner said Sunday.
The private sector must drive growth!?!? This from the man who has presided over the spending of trillions via government in order to “save” the economy? Hey, Timmy, if you wanted the private sector to drive growth it would help if you hadn’t locked trillions of dollars up in us government bonds!
A string of obscenities presents itself to my mind to fully express my feelings about this dunderhead at Treasury.
What we’ve got here is a establishment man entirely at his wit’s end – he doesn’t have any clue what to do. The stimulus was supposed to work. That is what he learned in college and what he and all like him take as an article of faith. Now that it is abundantly clear it hasn’t worked, Geithner is trying to bamboozle the private sector in to making it all happen. He’s talking up the economy in the absurd hope that businessmen won’t look at their balance sheets and will utterly ignore the big tax hikes impending and just take off and hire and expand like mad.
This is getting painful to watch. Our country is in the hands of utter fools – the greatest nation in human history has a government unworthy of the smallest banana republic out there.
HAT TIP: Mish’s
