Posted by
HoosierBuff on Sunday, March 29, 2009 12:29:03 PM
On ABC’s “This Week,” host George Stephanopoulos asked Geithner if he feels “like the comeback kid.”
The secretary demurred, saying: “We’re facing, still, a lot of challenges. You can’t judge a plan on the reaction one day, one week. But we’ve done a lot in these eight weeks.
Ha! I bet the "comeback kid" meme was something proffered on JournoList or something. How he is he suddenly the comeback kid? Because he finally announced a plan six weeks late? A plan that was shot down in advance by the Left's most prominent economist? That makes him the "comeback kid"?
Don't call it a comeback.
Another great quote:
“I think people will be living within their means more, which is helpful,” Geithner said. “We want end this pattern of having booms and busts … with the kind of frequency you’ve seen.”
Sure, the Boom of the 1980's was horrible - and the "cost" of a brief recession in the early 1990's was Sooooooo not worth it.
and just what do they mean ending the pattern of boom and busts? I think that they could start by stifling innovation, and taking away the rewards for entrepreneurship. Ending booms can only come from more central planning and less growth. . . kind of like the old Soviet economy. . . they definitely did not have a boom and bust pattern.
It's all there in the open. . . force people to live within their means, end booms (and the innovation that inspires them), Kill the economy by putting the brakes on growth whenever it occurs.
again - how could I guy who lived so close to the University of Chicago miss all of its lessons?