Two Years Ago Today, Timothy Geithner Welcomed Us To “The Recovery”
It was two years ago that Treasury Secretary Timothy Geithner published an Op-Ed in The New York Times entitled “Welcome To The Recovery.”
Two years later, we’ve gotten weak jobs reports in April, May, and June along with reports showing a decline in consumer spending, retail sales,corporate earnings forecasts, and a whole host of other economic statistics. On top of that, we had an incredibly weak first look report for second quarter GDP. Tomorrow we’ll get the jobs report for July and nobody is expecting it to be any better than the last three.
One wonders if Secretary Geithner would like to revise and extend his August 2nd, 2010 remarks.