Quote of the Day: Timothy Geithner

Thanks, but we tried you're idea and it hasn't worked...

Smart people learn from their mistakes, not stubbornly repeat them. 

"If the government does nothing going forward, then the impact of policy in Washington will shift from supporting economic growth to hurting economic growth," Mr. Geithner said during an interview with the Wall Street Journal in the U.S. Treasury office, citing the example of countries who "shift too quickly to premature restraint" after a crisis, including the U.S in the 1930s.

Timothy Geithner
U.S Treasury Secretary
Geithner Warns On Inertia, Urges Action On Economy
Wall Street Journal 09/12/10


  1. To "shift too quickly to premature restraint", as best I can ascertain Mr. Geithner's definition of such, would be to stop spending money people 100 years from now will be paying the bill for, when there might well be people 200 years from now who can be forced to make up the difference.

    And yet-though that's the only logical conclusion to be made from Tim G.'s words and actions-there's nothing at all about him or his superiors (?) that lead me to think they have even the pandering, evil shard of foresight it would take to concoct this scheme. I can't believe it's possible, but I really think it's stupidity. Selfish stupidity, but stupidity just the same.

    SO MUCH more I could say but I'll leave it at that.

    Thanks for posting, JR!

  2. You know what really terrifies me now? I no longer think these people just have a different ideaolgy than us...I'm beginning to think they really are just plain stupid, dull thinkers without an original thought.

  3. There've been politicians in the past who I didn't like but at least they had the-guile, maybe?-that even though I had no desire to see them succeed I could at least look at them as thinking adversaries.

    This man became president for two reasons:

    1) He was not George W. Bush
    2) He convinced a lot of people on the edge that the word "change" was in itself a good thing.

    I am NO fan of GWB, but I don't think Obama should get any points simply because he WASN'T Bush...and to be truthful: if you think about Bush's spending and various Constitutional "questionable moments", Obama has more in common with him than either man might wish to admit...and yet I can't compare them.

    It's sad that what differentiates them is what they did on baseball fields but to me right now that's a big thing; George W. Bush walked to the mound at Yankee Stadium a month after 9/11 and threw out the first pitch of the World Series. I had to respect the man; security aside, it took balls to go out there and do that given the tension at the time.

    Fast forward to 2009, when Obama refused to allow ESPN to show his first pitch in the All Star Game.

    Very silly things to judge men on (and I'm not saying I could fire a strike to the plate if I was in that position) but one of them went out there in a very tough time and threw the ball, and the other one wanted to be seen doing everything but what he was there to do...which I guess sums each of them up perfectly.

    As far as "change", you know what that's amounted to. I remember before the '08 election, seeing the Obama signs and wondering why the hell anyone with a brain would consider "change" a necessarily positive thing. A lot of people did. I hope they're rethinking that now.