Treasury Secretary Tim Geithner says that the economy, domestically and globally, is looking good and that we should experience continued growth going forward (Videos Below Excerpts and Comments):
I’m feeling better about it. This is a good example here. You heard them say today the unemployment rate is coming down in Seattle and Washington because they’re exporting more. Trains are coming back across the country with containers full because their exports are growing. And, I think you’re seeing more confidence across the country.
You see we’re creating more jobs. Job growth is picking up encouragingly.
I think the global recovery is in much stronger shape than it was.
When questioned about the possibility of what is happening with Europe’s debt crisis spreading to the US, Mr. Geithner responds:
It’s not going to happen in the United States
We’ll let our readers come to their own conclusions about where the economy is and where it’s going. We will, however, leave you with the following quotes:
At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
Ben Bernanke, Federal Reserve Chairman
March 28, 2007
While the crash only took place six months ago, I am convinced we have now passed through the worst — and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us.
Herbert Hoover, President of the United States
May 1, 1930
There is nothing in the situation to be disturbed about
Andrew Mellon, Secretary of the Treasury
How much do you trust Tim Geithner?
Tim Geithner on the Economy (CNBC):
Tim Geithner on Housing, Short Selling Rules and Europe:
Mac Slavo Views:
Read by 170 people Date: May 20th, 2010 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.
SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.