Sunday, February 27, 2011

Little has changed for US

That's what Tim Geithner apparently thinks. Despite the experience of the Great Recession and our failure to rein in the companies largely responsible for it, Tim thinks that "Now, financial firms are different because of the risk, but you can contain that through regulation.” I guess Tim thinks we've actually made some serious changes in our regulatory system that will prevent our having to bail out the financial industry when it crashes again.

This is the guy Obama thinks can restore our economy to a level where unemployment is less than 5%, the tax system is fairer, the deficit is shrinking and - maybe not the good times but - reasonable times are back again?

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