Christina Romer, at a speech at the Brookings Institution Monday afternoon, appeared to give support to critics of Treasury Secretary Timothy Geithner who say that...
At a meeting in the Capitol that stretched late into Monday night, Treasury Secretary Timothy Geithner briefed House Democrats on the ongoing efforts to revitalize...
Three-legged stools may be good metaphor for 'economic foundation,' but Geithner needs to explain how his plan will get average Americans over the gulch without falling off the cliff.
Secretary Geithner doesn't have a compelling speaking style, but what he said in this interview was interesting and very reassuring. I have much more confidence in his insights and abilities. Thanks, Charlie, for another enjoyable and enlightening interview.
SunnyT: Secretary Geithner doesn't have a compelling speaking style, but what
I personally think that Sec. Geithner is fulfilling his appointed mission to the best of his ability, and that role necessarily encompasses every single thing that he says and every place where he says it. His role, I think, is "to give the strategy that was handed to him by his predecessors the very best shot at success that said strategy can possibly have." He is not going to waffle, is not going to suggest that it will not work, is not going to cast any words of doubt, because the stakes are huge.
But, elsewhere in general realm of "the Executive Branch," we also hear other strategies and points of view getting their equally-careful day in the sun. Each viewpoint has its advocate, and its devil's. All are aimed at the same, mutual, very-extreme problem.
Whatever we ultimately do, as a nation and as a world, absolutely must be "the right move," and anything that you say or do, how you hold your eyes, how you hold your hands, is being watched by people who can type very fast. There has to be discussion, consensus, and a LOT of thinking. "We've only got one shot at this."
At the end of the day, Congress will decide: only Congress can. There will be no waving of magic-wands: there is no wand to be waved.
Sundialsvc4: Charlie, you are a masterful interviewer. I personally think that
Charlie has been having great guests on for the past week discussing tech innovation, the future of social networking and making sense of the financial mess. All the shows give you the feeling that the economic turnaround will come about due to individuals who lead from the ground up.
We will see a turnaround sooner rather than later, Americans will start spending again and the only demographic that will be significantly affected by this downturn are the boomers.
Persson4: Charlie has been having great guests on for the past
When the laws are changed (throughout the world), the blatant usury is removed, the criminals and high-criminals are brought to justice, and trillions of worthless zeroes are purged from balance sheets, yes... there is certainly the willingness to spend.
To spend ... but not to be swindled, not to be fleeced, not to be "crucified upon a different 'cross of gold.' "
I would remind us that "high crime is real crime," and "any civil officer" can be guilty of it. These crimes have quite-literally made us into a nation and a world of plaintiffs. With power, also goes trust. With great power, there is also the ability to do great harm. Furthermore, "usury" is such a reprehensible crime that ancient books ... Deuteronomy, for instance ... speak vehemently against them -- and for good reason.
The circumstances that have befallen the entire world right now are not "normal." They are the result of a phalanx of great and heinous crimes.
Sundialsvc4: When the laws are changed (throughout the world), the blatant
Well, Put; thank you; Yes, the Boomers, I also believe are the ones who brought this mess about and will take the heat down the road. What goes around comes around. trite but true.
You speak far better than I but that doesn't get in the way of appreciation of good grammar with excellent vocabulary. Insightful as well.
PiscesPrincess: Well, Put; thank you; Yes, the Boomers, I also believe
Timothy Geithner is right for the times. He has a strategy, a plan, and is looking out for the average taxpayer. He stands his ground and is clear on why they are making the decisions they are making.
He stood his ground with Charlie Rose and is focused on ground truth. We need good thinkers instead of fast talkers.
SJBrown: Timothy Geithner is right for the times. He has a
Geithner said nothing specific or concrete. What does he mean by capitalism being different? These guys are not fixing anything, because the fix is already in!
greasygreens: Geithner said nothing specific or concrete. What does he mean
hopefully he means some sort of reinstatement of old checks and balances in all branches of government and the financial institutions.. somehow i doubt that is what he means though.. that would be different! it would go back to roughly what we had before reagan.. or at least that is my impression...
dont be surprised if what he means is that FDIC will now extend more insurance to big banks and insurance companies, no matter what short trading\naked short trading nonsense\ponzi scheme credit extending\etc they are involved in.
moutonnoir: hopefully he means some sort of reinstatement of old checks
Fixing is already in??? How long has he been on the job. I rest my case. Give it a little time.
Our culture is always in such a hurry... gotta solve it "yesterday" aint' gonna happen overnight.
Patience.
PiscesPrincess: Fixing is already in??? How long has he been on
I'm looking forward to watching this interview. It appears that Geithner is doing a better job communicating one-on-one, than he does when he's addressing a crowd. I'd like to have an understanding of his views and where he's coming from, but it's difficult because he struggles so with public speaking.
MomfromTexas: I'm looking forward to watching this interview. It appears that
Well, at least he doesn't have the "deer in the headlight look" like someone else we knew who was trying to lead us through bad times. Personally, I think he is brilliant, and he tries to explain a very complex
problem in a way that is understandable to us all.
Savanna: Well, at least he doesn't have the "deer in the
This guy is worried about getting the economy back on track, not being a poster boy.
They send someone else like Bernake to talk and reassure people, hes good at that when he has positive things to say.
I personally think that Sec. Geithner is fulfilling his appointed mission to the best of his ability, and that role necessarily encompasses every single thing that he says and every place where he says it. His role, I think, is "to give the strategy that was handed to him by his predecessors the very best shot at success that said strategy can possibly have." He is not going to waffle, is not going to suggest that it will not work, is not going to cast any words of doubt, because the stakes are huge.
But, elsewhere in general realm of "the Executive Branch," we also hear other strategies and points of view getting their equally-careful day in the sun. Each viewpoint has its advocate, and its devil's. All are aimed at the same, mutual, very-extreme problem.
Whatever we ultimately do, as a nation and as a world, absolutely must be "the right move," and anything that you say or do, how you hold your eyes, how you hold your hands, is being watched by people who can type very fast. There has to be discussion, consensus, and a LOT of thinking. "We've only got one shot at this."
At the end of the day, Congress will decide: only Congress can. There will be no waving of magic-wands: there is no wand to be waved.
http://www.forbes.com/2009/02/20/harvard-endowment-failed-business_harvard.html
Time was, every time you saw Timmy in a photo or vid, there was old Lare hanging around like a bad smell.
UUUGH.
A misogynistic bad smell.
http://www.boston.com/news/local/articles/2005/01/17/summers_remarks_on_women_draw_fire/
We will see a turnaround sooner rather than later, Americans will start spending again and the only demographic that will be significantly affected by this downturn are the boomers.
To spend ... but not to be swindled, not to be fleeced, not to be "crucified upon a different 'cross of gold.' "
I would remind us that "high crime is real crime," and "any civil officer" can be guilty of it. These crimes have quite-literally made us into a nation and a world of plaintiffs. With power, also goes trust. With great power, there is also the ability to do great harm. Furthermore, "usury" is such a reprehensible crime that ancient books ... Deuteronomy, for instance ... speak vehemently against them -- and for good reason.
The circumstances that have befallen the entire world right now are not "normal." They are the result of a phalanx of great and heinous crimes.
You speak far better than I but that doesn't get in the way of appreciation of good grammar with excellent vocabulary. Insightful as well.
He stood his ground with Charlie Rose and is focused on ground truth. We need good thinkers instead of fast talkers.
dont be surprised if what he means is that FDIC will now extend more insurance to big banks and insurance companies, no matter what short trading\naked short trading nonsense\ponzi scheme credit extending\etc they are involved in.
Our culture is always in such a hurry... gotta solve it "yesterday" aint' gonna happen overnight.
Patience.
problem in a way that is understandable to us all.