WTF? Timmy's taking a victory lap for "saving the economy?"

[Amerigo Vespucci]

HuffPo home page (http://www.huffingtonpost.com/):

GEITHNER: 'WE SAVED THE ECONOMY, BUT WE KIND OF LOST THE PUBLIC DOING IT'

Simon Johnson: 'They Saved The Big Banks But Kind Of Lost The Economy Doing It'

[maxsolomon]

1. and what did you save them FOR?

were you going to do something noble with them?

:sarcasm:

[LeftHandPath]

2. Get back to work prole!

You have debts to pay, and the bankers want their money.

[grasswire]

3. saved what economy?

The stock market?

[Warpy]

4. This is his "Mission Accomplished" moment

I'm terribly afraid it's not going to last because all the things that led to the collapse are still in place. High flying finance is increasing their derivative exposure, meaning the casino is still open and doing a booming business, and abuses have not been curbed in other areas of the system. In the meantime, Main Street is still either unemployed or in fear of it and profits are illusory, more accounting tricks than a real recovery.

Enjoy it while you can, Tim, because it's simply not going to last. You can't have a top-down economy, it just never works that way.

30 years of Reaganism should have taught you that much.

[tabatha]

5. Read the New Yorker article.

in a thread above.

[NJmaverick]

6. Damn those facts!

how dare anyone mention good news!:mad:

[upi402]

7. The fox has chicken feathers and blood on his lips

and complains that the henhouse is empty.

Apologists soon to follow, don the flamesuits.:popcorn:

[girl gone mad]

8. He succeeded in looting the public purse..

on a scale never before imagined. They shifted private debts, accumulated in over a decade of reckless gambling and fraud, onto the public balance sheet. What was private risk is now sovereign risk, a far more dangerous proposition in a nation that already finds itself on the precipice of political turmoil.