Today, Treasury Secretary Timothy Geithner has an opinion piece in The New York Times entitled, awkwardly, Welcome to the Recovery. The article comes as
Today, Treasury Secretary Timothy Geithner has an opinion piece in The New York Times entitled, awkwardly, “Welcome to the Recovery.” The article comes as economists project that unemployment might head back up into the 10 percent range, and on the day the Bureau of Economic Analysis released a monthly report clearly showing the recovery not just decelerating, but stalling out. American families are hurting, and Geithner goes to great pains to show he knows that in the piece.
Nevertheless, he points to very real and very significant signs of a turnaround:
What will really turn things around? Jobs. At some point, private employers, now hoarding cash with their profits, will return to picking up employees. That means Americans will be able to spend more, and the cycle will become virtuous again.
Rep. Paul Ryan to deliver SOTU response
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Rep. Parker Griffith (R-Ala.)
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Rep. Pete Stark Won’t Dignify Constituent by, er, Micturating Upon His Leg
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School of Hock
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