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: