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Geithner: Economy Better Than Expected

From a cheering Associated Press:

U.S. Treasury Secretary Timothy Geithner (L) talks with moderator David Gregory in a pre-taped interview on "Meet the Press" in Washington, April 17, 2010.

Geithner says economy growing faster than expected

April 18, 2010

WASHINGTON – Treasury Secretary Timothy Geithner says the economy is growing faster than the Obama administration expected.

He tells NBC’s "Meet the Press" that the country is on the way to sustained job creation. But he acknowledges that unemployment may remain high, close to 10 percent.

Geithner says there’s more confidence in the business world, and he says the private sector is growing. He also says people are spending more.

He said he sees encouraging signs that should make Americans confident the country will emerge stronger.

These people will say anything. Any semblance to the truth is merely coincidental.

But if the economy is better than expected, exactly what were they expecting?

This article was posted by Steve on Sunday, April 18th, 2010. Comments are currently closed.

14 Responses to “Geithner: Economy Better Than Expected”

  1. U NO HOO says:

    “Geithner says the economy is growing faster than the Obama administration expected.”

    “But if the economy is better than expected, exactly what were they expecting?”

    In other words, Obama did not expect the economy to grow.

  2. Liberals Demise says:

    Forget the fact the we are still losing jobs and the shovel ready
    jobs are waiting for the shovels to be made.

    Sweet Jesus!!

  3. GL0120 says:

    Is anyone else wondering if Turbo Tax Tim is part of the 47% who don’t pay taxes?
    Perhaps he got a bigger Earned Income Credit this year and that’s what leads him to believe that the economy is doing better than expected?

  4. proreason says:

    What about that below 8% unemployment that we had to have tthe Depression Stimulus for?

    Little Timmy would claim he was Little Black Sambo if they told him to say it.

  5. Rusty Shackleford says:

    It’s a good thing Gregory asked timmy the tough questions. (sarc)

    It’s like, do these people ever hear themselves talk?

    On the one hand he says that the economy is growing..but on the other unemployment is still at a record high. How…in ANY universe can that mean “growth”?

    It’s like taking a can of touch up paint, putting a dab on a rock chip and saying, “I painted my car today”. And yes, I know people who think like that.

    It’s beyond absurd.

    • GL0120 says:

      When you’re sheltered from reality by the media, anything is possible.

    • proreason says:

      “How…in ANY universe can that mean “growth”? ”

      Actually, rusty, it’s the absolute truth in the government’s universe.

      They measure growth as economic activity.

      Then they go borrow a trillion dollar, by printing the money, and sprinkle it around to their union thugs and other political cronies, who buy stuff they can’t afford with it.

      Eureka…..economic activity is created!! and not one job was created.

      No shit. That’s exactly what has been going on for the last 15 months and it’s why GNP is going up.

      It’s no different than you getting a loan on your paid-off truck that amounts to 10% of your income, blowing that money on booze and other stuff you don’t need, and when your friends ask how you are doing it, you reply….I got a 10% raise.

      So little timmy isn’t lying it. Growth is a built-in function of government over-spending.

    • skclewis says:

      And the only way the “growth” can be sustained is to pass out more government freebies which are paid for by the people who are actually working. This proves Keynesian economics is a false theory. Of course they don’t seem to be teaching any other economic theories either. Supply and demand has proven sound when it was allowed to exist. But since Carter (and maybe before as I have not really done a complete analysis) efforts by the dimlibs have prevailed. When a free market has a problem, big or small, it will adjust itself but it takes time. People are hurt financially during this adjustment period, but in the long haul they end up better off. And it is during these adjustment periods that the American people clamour for help and the dimlibs are only too willing to jump in quickly (and without any forethought to the consequences) and provide government fixes. Then when the markets do start to stabilize, the people find they are not better off without more government fixes and the cycle continues. Sadly this is what has happened to the U.S. economy over the past decades.

  6. BigOil says:

    “But if the economy is better than expected, exactly what were they expecting?”

    The Soviet Union.

  7. MinnesotaRush says:

    Guilty as hell, free as a bird (to borrow Ayers quote after they threw his case out on a technicality) Timmy Geithner = bought and paid for/directed by o-blah-blah, Rahmbo, and the DNC.

  8. Mithrandir says:

    Another quasi-apology to George W. Bush.

    All those protests and hatred spewed at him, guess what? The job is ‘unexpectedly’ harder than campaigning.

    Sorry George Bush, the liberals ‘unexpectedly’ can’t do any better with war and the economy than you.

  9. GL0120 says:

    Perhaps we’re all missing Turbo Tax Tim’s point here.
    In this administration, it’s entirely possible that Geithner wasn’t bragging but was actually complaining.
    The idea is to make the economy collapse so that everyone would be dependent on the government. It’s just possible that the economy is putting up a fight and the administration is not happy about it!


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