(Bloomberg) In the midst of debates on financial regulation and China’s currency in April, Treasury Secretary Timothy F. Geithner sat down to discuss the U.S. economy — with comedian Jon Stewart.
Geithner and Stewart, host of Comedy Central’s “The Daily Show,” held an off-the-record meeting at Stewart’s office in New York on April 2, according to Geithner’s appointments calendar, updated through August on Treasury’s website.
“Jon Stewart is influential in America, so we took the opportunity for the two to meet and to discuss the economy,” Treasury spokesman Steve Adamske said in an e-mail yesterday.
And we wonder why we still have almost 10% unemployment and record deficits and inflation?
This is the most unqualified and incompetent administration we’ve ever had.
Arctic Sea ice is approaching normal levels for first time since 2001, proving that climate change is indeed cyclical with little or no contribution from man. Al Gore will probably go MIA again.
U.S. Navy sinks pirate vessel, seizes mothership and captures 5 pirates. We need to elevate the priority of combating the threat our commercial interests face from piracy. We must send a message that piracy will not be tolerated by taking the fight to the pirates just as Pompey did in Rome.
Tim Geithner is one of the worst prognosticators in the country. However, It seems as though he is changing his approach. He now believes that unemployment will remain “unacceptably high for a long time.” I guess he’s hoping for his serially inaccurate predictions will continue.
From today’s podcast:
And the award for least shocking story of this early year goes to? Iran is a nuclear state! How about some more sanctions, because they’re working marvelously.
The number of illegal aliens in the U.S. has decreased from 11.6 to 10.8 million in 2009. See? I told you there was a bright side to this economic downturn.
Harvard economist Niall Ferguson rebuffs Treasury Secretary Timothy Geithner’s claim that the U.S. debt is a “safe haven” for the rest of the world’s economies.
Here’s the story.
U.S Treasury Secretary Timothy Geithner said the Obama administration would extend the $700 billion financial-sector bailout by 10 months but would limit the funds to just a few areas, such as housing and small business.
In letters to lawmakers, Mr. Geithner said he would extend the Troubled Asset Relief Program through October 3, 2010. “While we are extending the $700 billion program, we do not expect to deploy more than $550 billion,” Mr. Geithner wrote.
I told you that once TARP was passed it would be extended and then extended some more. In other words, it’s not going away. We’re never going back to how it was before TARP passed.
Mark it down, TARP will be extended well beyond October 2010.
The unemployment rate sits at 10.2%, the highest it has been since 1983.
What happened to saving and creating jobs with your wasteful stimulus package, Chairman Obama? Remember that? It was supposed to save the economy, just like Bush and Paulson’s TARP debacle.
Get ready folks. We are headed for a prolonged period of high unemployment, little or no economic growth, and potentially hyper-inflation. Bush/Paulson and Obama/Geithner have set our economy back at east 30 years.