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Wednesday, April 04, 2012

Geithner in Chicago: Obama ‘prevented’ a depression

Tim Geithner
Our Treasury Secretary visited Chicago on Wednesday and he made some comments as well:
Treasury Secretary Tim Geithner delivered his boss’ argument for re-election during a Chicago speech Wednesday, asserting that President Barack Obama’s policies “prevented” a depression while laying the foundation for stable growth.

Geithner said that in Obama’s first six months in office, the president presided over a large jump in economic output. He said the American economy is in better shape than those of other nations.

The treasury boss also took swipes at Republican critics who argue for deep spending cuts.

“A growth strategy for the American economy requires more than just promises to cut taxes and spending,” Geithner said. “We have to be willing to do things, not just cut things.”

His partisan broadside followed by a day Obama’s attack on Republican budget proposals. The president called them “thinly veiled social Darwinism.”
What say you? Do you agree with Secretary Geithner?

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