Posted on 08/04/2011 12:48:33 PM PDT by illiac
Of course, that is very unfair to Geithner, but there’s a kernel of truth to it. It’s not simply that the U.S. economy is in danger of falling back into recession (on cue — “we never left it”), or that the euro-zone debt situation threatens to spiral out of control. It’s that there is a lack of confidence globally that these problems can be addressed by policy makers.
If there’s anything that the debt-ceiling debate demonstrated, it’s that current politics don’t allow for stimulus, whether that’s new spending the White House prefers or the tax breaks Republicans favor. Even relatively minor initiatives can’t get through; no-brainers like reauthorizing funding for the Federal Aviation Administration are locked in byzantine battles
(Excerpt) Read more at marketwatch.com ...
This market is overpriced by about 2500 points. I think the correction is just getting started.
Obama and Geithner should resign and go into hiding
Is the only reason Geithner got this job is because his father and Obama’s mother worked together ?
The Block Yomamma Bubble is finally bursting, and it’s an ugly thing to behold.
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