Geithner: Job Growth Should Resume By Springtime (VIDEO)
Treasury Secretary Timothy Geithner gave two significant interviews this week, one to National Public Radio and the other to ABC's Good Morning America.
Here's the AP's summary of Geithner's words on GMA:
WASHINGTON -- Treasury Secretary Timothy Geithner says he believes it's reasonable to expect "positive job growth" by spring and that people should have confidence about an improving economic climate.
In an interview broadcast on ABC's "Good Morning America," Geithner (GYT'-nur) also said he believes many banks around the country still have work ahead of them to regain the public's faith. He said, "They need to work very hard to shore it up" and said he wasn't certain that "all banks get it."
Geithner's stewardship of the Treasury has come in for criticism on occasion. He said Wednesday, "I think most people would say the economy actually is strengthening now going into the end of the year," but that the key is to regain lost jobs.
WATCH part one:
Watch part two:
On NPR Geithner inisisted that the government would do everything it could to prevent a double-dip recession -- and may have suggested there won't be a second wave of the financial crisis. Here's Geithner talking to NPR's Michele Norris:
NORRIS: You know, pardon me for presenting you with all these doomsday scenarios, but as you know, many people are worried about a second wave of systemic crisis, that either because of commercial real estate or the value of the dollar...
Sec. GEITHNER We're not going to have, Michele, a second wave of financial crisis.
NORRIS: You're that confident? You're certain of it.
Sec. GEITHNER: We'll do what is necessary to prevent that. We cannot afford to let the country live again with a risk that we're going to have another series of events like we had last year. That's not something that is acceptable. And we will prevent that. We will do what is necessary to prevent that, and that is completely within our capacity to prevent.