Comments on: Geithner’s Speech Seen As a Failure

By: Tim Manni

Tim Manni — Tue, 17 Feb 2009 16:31:42 +0000

Cynical,

Thanks for your comment as well as a link to our blog from your Geithner story — much appreciated. Your last sentence echos a sentiment that I’ve heard a lot. Stocks may have still tanked, but I think at least some market observers would have appreciated such honesty if he did come out and bluntly say “I’m not done figuring it out yet.”

The speech was far too anticipated for them to say nothing, or was it judging by the market’s strong reaction? I think the administration was counting on Geithner’s past experience, I just am hoping we haven’t seen it yet. For all of our sakes, let’s hope we will see it soon.

Thanks,
Tim

By: Cynical Synapse

Cynical Synapse — Mon, 16 Feb 2009 02:56:12 +0000

Of course Geithner has no plan. He's part of the financial establishment that created this whole debacle in the first place. This is a man who can't even pay his own taxes. Obviously, he didn't learn anything from his years at the IMF and the Federal Reserve. What kind of fiscal policy is making a speech and publishing a fact sheet with absolutely no tangible actions or objectives? It would have been better to say "I'm not done figuring it out yet."

By: The Man Without a Plan « Cynical Synapse

The Man Without a Plan « Cynical Synapse — Fri, 13 Feb 2009 23:07:18 +0000

[...] While neither Geithner’s speech nor Treasury’s “fact sheet” had anything of consequence, the stock market fell more than 380 points. Duh! As Simon Johnson said about Geithner’s remarks, “This is not a plan.” The end result is Geithner’s big speech was a failure! [...]

By: Tim Manni

Tim Manni — Wed, 11 Feb 2009 18:22:02 +0000

Carina,
By now I believe we all think we could do a better job than those in Washington (yet again, who would want those jobs at a time like this?). Thanks for commenting. I completely agree — the speech was a let down. How long did it last, 15 minutes? I completely understand your frustrations with the lack of strategies announced for homeowners. We’ll have to wait another couple of weeks for that…

What are your thoughts on the stimulus package? At least as of now, it seems to be more together than the supposed “Financial Stability Plan” we heard yesterday.

By: Carina

Carina — Wed, 11 Feb 2009 16:24:37 +0000

Geithner’s speech was a complete let down. Aparently the government does not have a plan to rescue us the homeowners, the small business, the working man and woman, just more special pet projects for the good ole boys club!
You need to get the interest rates down where people can refinance and stay in their homes and that will cause poeple to start buying which will create more jobs!! The banks will start hiring to refinace everyone and more homes will start selling again. Also get the illegals off the welfare system. That will save us Billions a year.
I am available for Consultation President Obama!