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First there was Bernanke saying he didn’t check to see how new banking regulations would affect the economy because “I can’t pretend that anybody really has. You know, it’s just too complicated.”
Now Geithner “The recovery is not going fast enough”. “”We don’t have the ability because of the housing inventory and problems in the financial sector to engineer artificially a stronger recovery,” Geithner said. While he pointed out many economists forecast a renewed recovery in the back half of 2011 and into 2012, he braced the American people of more struggles to come.”
Geithner citing a litany of reasons is silent about the uncertainty created by the Administration’s equivocal taxation policy, regulations/rules imposed by Washington DC or intransigence of Obama on in his approach to the pending debt ceiling. Is Washington, DC irrelevant????
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