It is difficult to know for certain what talk is happening in closed circles behind the scenes, but if Germany is not discussing how to break away from the Eurozone (perhaps with Austria, the Netherlands, Finland, and a consortium of Northern Europe), they are making a huge mistake.
The longest Email, Hate mail edition ever! While some have accused liberalism of being a mental disorder, today's column shows that it might also be a learning disability.
Unemployment will reverse dramatically and nobody will have to worry about losing a job ever again. All those college students living at home can now throw away those Starbucks aprons and get on with their careers in Philosophy, Art History, or Medieval Studies.
You want a quick and easy introduction to media bias? Just look at the reception given to author Ron Suskind when he appeared on NBC's "Today" show recently to promote his new book, "Confidence Men," which is critical of President Obama -- and then compare it to the reception Suskind received in 2004 when he appeared on "Today" to tout another book, "The Price of Loyalty," which was critical of President George W. Bush.
Regardless, sentiment has clearly changed in Germany. Moreover, Finland and Austria have had enough of bailouts as well. It's good to see someone thinking clearly, and that someone is certainly not Treasury Secretary Tim Geithner who wants to dump more Euro risk on the backs of European taxpayers, especially German taxpayers.
Whether it’s by bond, bailout or bankruptcy, stability will return to Europe. And as that creeps into the market mentality more and more, we can finally start to focus on fundamentals again.
Whether it was in a manufacturing plant or an elementary school, Obama was never without his trusty device. That’s probably why his most recent appointment of Alan Krueger (the Tim Geithner clone), is another result of not looking ahead.
Even the excessively reliable defender of the Administration, the Washington Post, admits that Obama's economic policies have led to a "crisis of confidence" among American consumers and businesses alike. His next chairman of the President's Council of Economic Advisers should ensure confidence fades.
My father was a product of the Great Depression and World War II. Like so many others of his generation, he, like his parents before him, knew how to "do without."
The problem isn't the debt ceiling, but out-of-control spending. The bipartisan compromise increased the government's borrowing limit by nearly a trillion dollars but cut less than $2 trillion in spending over the next 10 years, which hardly makes a dent in the problem.
Secretary of Treasury Tim Geithner was asked over the weekend if the Obama Administration was "in any way responsible" for the credit rating downgrade by Standard & Poor's issued last Friday. Geithner responded "absolutely not."
Hold your elected officials feet to the fire. Write letters. There is only one way out of this mess. Cutting spending, and growing the economy. Too much spending and debt got us into this mess, less spending and growth can help get us out of it.
As recently as four months ago "Treasury Secretary Tim Geithner said Tuesday there is "no risk" the U.S. will lose its top credit rating." Early on the president was asking for a "clean" debt ceiling bill with no spending reductions at all, an idea that Democrats brought back in the days before a final agreement.
Secretary Geithner will stay at Treasury Department amidst calls for him to resign over S&P downgrade.
Senator Mitch McConnell’s original suggestion for solving the nation’s debt ceiling dilemma outraged many of his fellow conservatives and would, if enacted in its initial form, have probably produced deep disgust in the public at large
When the treasury secretary of the United States makes a statement like that, it’s time for him to go. To be so glib about the very thing that it is his job to fix tells me Geithner is unequivocally unfit to lead.
Let me start by saying American should pay its debts. If the debts are really, really large - that's too bad. We owe the money and we have to pay it. We're the richest, most blessed nation in the history of the world and we have to pay what we owe.
When Tim Geithner whipped out his pocket Constitution in May to address the debt ceiling issue, the rivers in Hades must have been packed with ice skaters.
Elizabeth Warren has literally gone wild. No, she did not strip off her matronly suit on a Girls Gone Wild spring break tour bus. Rather, she appears to be on a mission to strip Congress, small businesses and individual Americans of authority by instituting her own rules for how to play the financial game on both Wall Street and Main Street.
Treasury Secretary Geithner: "I think for a lot of people, it's going to feel very hard...harder than anything they've experienced in their lifetime...for a long time to come."
Any time some Washington big shot like Ben Bernanke or Tim Geithner claims that immediate spending cuts in the debt deal will harm the economy—ignore them. Completely.