via Geithner: Gov’t Must Not Let Up, Banks Need To Start “Taking Risks Again”.
So what’s the most important thing he has learned in trying to fix the economy?
He says it isn’t the risk that the government does too much. Instead, Geithner says it’s the risk that the government does too little to try to help solve the financial problems.
Geithner says the financial markets cannot not solve all those problems — it’s up to the federal government to act and that’s what he says the Obama administration is trying to do.
I don’t understand why this is so difficult. The right-wing mouth breathers have argued that the government is spending too much, when the truth is that government is spending all they can to boost the economy. If anything, spending could be boosted up, fast tracked, (instead of the two year spread), and pinpointed to geographical areas that need it first, like Detroit.
What does the AP suggest they do? Tax cuts for the wealthy? Leave Geithner alone. Let him do his job.
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