_The first reports on the economy during the third quarter have been mixed. Manufacturing, which helped pull the economy out of the recession, fell to its weakest level since July 2009. That was the month after the recession officially ended. The Labor Department said 117,000 jobs were created last month. But that came after 99,000 jobs were created in May and June combined _ and 250,000 new jobs are needed each month to reduce unemployment.
Originally posted by Chrysalis
I find he was just beeing blatantly honest about what he thinks. For once you get to know what they really think.
Maybe because he knows that the cake is about to explode.
On another segment, I saw him say that there is no problem in the US, that the crisis originates from europe, and mostly Italy.
Now I wonder why, following his logic, Italy and and the others can't write off their debts too. Is there some special privilege at play that I'm not aware of ?
couldnt agree more with yea.. lets print money ya dont have -_- yess lets just print money we dont have and pay back later taht will probly never be returned.. you gotta stop they debt pay it off take away unnecassary stuff and boom then ya got no more debt and less spending prices drop then stuff gets cheaper
Originally posted by professornurbs
That kind of thinking is rediculous that is why we are where we are.
Former Federal Reserve Chairman Alan Greenspan said Sunday that he doesn’t think a double-dip recession is on the horizon for the U.S. economy.
"S&P has shown really terrible judgment and they’ve handled themselves very poorly,” Geithner said in an interview with NBC/CNBC.
“And they’ve shown a stunning lack of knowledge about basic U.S. fiscal budget math. And I think they drew exactly the wrong conclusion from this budget agreement,” Geithner said.
The United States plans to revisit China's currency question, which could add to tensions over the arms sales to Taiwan and other issues, sources said. U.S. President Barack Obama's administration has informed Chinese officials the currency issue will be a main agenda point in economic talks this year, a senior official told The New York Times.
The artificially undervalued currency is blamed for driving up China's huge trade surpluses against the United States while at the same time raising the prices of U.S. exports.