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News Link • Obama Administration

Geithner Assesses the Economic Situation

• Economic Policy Journal
  Note he barely mentions monetary policy at all. He certainly doesn't mention Fed chairman Bernanke's roller coaster money printing antics. He calls for continued "support" which means distorting the economy in favor of President Obama's favored sectors and companies, yet he states:
...we need to pay more attention to where that growth comes from, its composition, and its quality, both within and across countries. We need a shift towards growth that is more balanced and sustainable, less prone to distortions and to crises.
And, of course, there is talk about the missed opportunities that never came to fruition because of the government directing the economy away from those who don't play politics and just want "to do business".

Here's Geithner's full statement:

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