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News Link • Economy - Economics USA

Geithner: Jobs Bill Needed for Economy at "This Early Stage of the Crisis"

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Jim Cramer, CNBC host: "Now let's talk about the fact that you said the economy is weak. You put out a jobs plan. The New York Times today basically gives its obituary. 'Tax plan for jobs bill.' Familiar ring. Meaning the GOP will not back this. Is this dead on arrival?"

Tim Geithner, U.S. Secretary of Treasury: "Absolutely not. I think that there's no reason now for the Congress of the United States not to act to help strengthen growth in the near term. It's the conservative, prudent, responsible thing to do. You can think of it as protection against Europe."

Cramer: "Okay."

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