This morning, in testimony before the Joint Economic Committee, Treasury Secretary Timothy Geithner said that, by any measurement of the strength and stability of the US economy, the economy today is better than it was when Obama took office. Sheesh, tell that to the millions of people who have lost their job since January.Don't bother Timmy with statistics. It's all about how we "feel".
Apparently, “any measurement” doesn’t include the unemployment rate, job growth, number of jobs, wage growth, hours worked, home foreclosures, rate of mortgage delinquencies, etc.
Thursday, November 19, 2009
Economic Quote of the Day
From Treasury Secretary Timmy Geithner, as reported at Big Government:
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
I'm surprised no one jumped up to say 'You lied!'
This guy even believes his own lies. Even the average street dummie knows the economy is much worse today than when Obama took office. Our money is becoming worthless, and money you have in savings normally won't even fetch l% from the financial institutions.
Tell my unemployed neighbors and those that are losing their homes that the economy is better and they will just about kill you.
Post a Comment