Geithner: Much Lower Risk of Double-Dip Recession Now Than Any Other Time In Last Year

Senator Stuart Smalley takes on Axelrod:
—Sen. Al Franken ripped into White House senior adviser David Axelrod this week during a tense, closed-door session with Senate Democrats.
Five sources who were in the room tell POLITICO that Franken criticized Axelrod for the administration’s failure to provide clarity or direction on health care and the other big bills it wants Congress to enact.
The sources said Franken was the most outspoken senator in the meeting, which followed President Barack Obama’s question-and-answer session with Senate Democrats at the Newseum on Wednesday. But they also said the Minnesotan wasn’t the only angry Democrat in the room.
“There was a lot of frustration in there,” said a Democratic senator who declined to be identified.
“People were hot,” another Democratic senator said.—(Politico)

This seasonal bad weather will have a huge impact on the job market. Positive signs in the job market won’t surface until spring.

Rep. Paul D. Ryan says he is determined to make sure the Republican Party is viewed as “the alternative party, not the opposition party.”
—
They’re “alternative” all right.
The Hill:
Ryan’s plan would lower government’s costs only by “shifting a lot of the risk and expected cost onto individuals and their families,” Orszag added.
(psst…his plan would strictly limit Medicare benefits)

So we should listen to the guy that didn’t pay his taxes because he couldn’t figure out TurboTax?

No one I know saw any glimmer of that supposed jump in GNP………….just another fairy tale from the spin doctors…………

Sleazy….

Sorry folks, the economy is going to recover and expansion is in the cards…
Markets correct when there are bubbles and markets expand with new innovations and speculation, so be it.

Whenever I see this guy on TV, I feel dirty and have to take a shower to feel clean again.

I see a lot of people still hoping for failure. LOL When will you learn.

I hope like HECK Geithner is right, but there is just something about him that hits me the wrong way.
It’s not politics, I just can’t trust him. Part of it is his tax problems, but it’s more than that.
Let’s hope the people giving him the numbers and data are right.

In the clip on the nightly news Geithner said everything was getting better yet his head was nodding side to side as if he was saying no, no, no. Very odd body language. Interesting.

We can’t just keep spending and printing money out of thin air without making anything. We import everything. We export our jobs. The party can’t go on forever.

In case some of you missed it. The Supreme court handed our country over to the worlds largest multi national corporations. Hugo Chavez can effectivelt buy Senators and congressmen who will do his bidding. Wht are Americans not screaming in the streets to protest. Think of ot this way. The UNITED STATES of AMERICA’s citizens will be stomped by Proctor and Gambles candidate. Why? Cscause Hugo Chavez abd the foreign leaders of other countries have 100′s of billions to spend. Bt far more than ordibary tax payer combined can contribute. It’s time to get really scared. The SUPREME COURT’s decison has opened the door for foreign leaders to buy our politicians.
It’s true and it scares the hell out of me. Anyone who is still a Republican can not explain why. At least not those
who can read and pronounce the word vote. It’s apparent the Republicans lie, distorting facts and that’s their plan to power. If McCain had won the election and not Obama he would have immeadiately frozen spendimg. That wou;d have meant the loss of millions more jobs at a tome when job creation is job one. Obama is a pragmatist. A president who frustrates his own advisors. He’s not the fastest gun. He’s the deepest thinker. Obama knows how important it is for him tp be right as opposed to popular. When electiom tme rolls around the Republicans will be the party of criticism. That will not br enough. I believe they will find just saying no and misrepresenting facts
will not win them a majority in either the House or Senate. John Fund tells Republicans to lie in the face of truisms. Just keep lying. Fund believe the majotity of American voters can’t read or pronounce the word vote. Tom Trantanko opened the Tea Bag party in Tennessee and there was no American Flag to be seen.
Learn how to read.
SECREG666

What we saw in 2008/2009 was not a correction. The real figures are that one out of every six people are unemployed in our country. There are unfunded liabilities of over $200,000 per person. A REAL correction is going to be needed to get the attention of the folks holding the purse strings in Washington, both Democrat and Republican. Democrat and Republican are both synonyms meaning “Spend now, pay later”. Get ready, later is almost here.

Actually folks, the % of GDP we pay in taxes is the lowest since 1950. The National Debt is NOT so large that it can’t be handled, although Bush’s debt alone means 10 cents out of every tax dollar goes to pay the interest on what he borrowed.
But there IS a real problem. Americans are so selfish and short-sighted they pretend that if less tax money goes to government, less spending will occur. Even Reagan’s Treasury Secretary, on Bill Moyers’ Journal on PBS this week, said that doesn’t work.
Consequently we have people still yelling for lower taxes and the GOP riding that wave as well.
But guess what, lower tax folks? GAME OVER! Taxes MUST be increased or we will be borrowing to pay the interest on the money we previously borrowed and, eventually, we WON’T be able to pay our debts.
At that point the nations holding trillions of dollars worth of debt papers will begin dumping them like radioactive waste and we’ll look at the 1930′s Depression as the “Good Old Days”!

I have a question for the obamanats. Didnt he say that he wasnt going to raise taxes on middle class? Well my taxes from the feds just went up! anyone notice that who still has a job on your pay check?

So there may not be a double dip recession, but how about the double dip, triple dip, quadriple dip, etc… bailouts?

Since the price of fuel keeps going up everything else goes up. for those of you who are here just for a job, you probably cant read this anyhow it has to be in spanish, should go back home and fix your own country or if your going to live here, anyone who is living and working in this country under a green card should become naturalized. For all you people who wont take jobs that are demeaning, like a custodian which is what I am, cleaning toilets for a living, get off youre ass and take jobs that the immigrants are taking. When I was a kid I use to work building houses and most of the employees where from the USA, now you look at houses being built and its all hispanic, what happened? did you become to high horse for that job and speaking of jobs… if our leaders would realize that mass transit is the way of the future and start investing in light rail-high speed trains to commute back and fourth build mass transit though out the country, that is what we need because it could be ran on renewable energy like the sun but our leaders dont want to do that, the obamanats want to run this country into the ground.

Goldman sacs cronies, who’s excuse for failing to file proper income tax was ignorance. thus appointed to tell the rest of us what our tax should be

Has Timmy paid his taxes yet ?

Is there some problem with having worked for Goldman-Sachs?

How does Geitner, Obama and most of the Democratic majority justify no actions to open up 7 Million jobs that are in the hands of illegals? This is completely irresponsible and does not protect our unemployed, legal citizens or businesses that play by the rules.
What will it take for them to do their job and protect our unemployed, citizens and businesses that play by the rules and are struggling to survive?

Believe Geithner? You have got to be kidding. These left wing economic leaders are all out to lunch. The collapse of several european nations last week, along with failing states like Calif and N.Y. and the stage is set for the greatest collapse in the history of the world and that is the U.S. is rapidly going broke and we will all be out begging for food soon as the progressives destroy our world through their mindless spending.

“Believe Geithner? You have got to be kidding. These left wing economic leaders are all out to lunch.”
So Geithner is now a left-winger? I’m sorry if your meme is broken, but that’s just not going to fly.
Geither is an economic neoliberal. Thats the opposite of liberal, for the uneducated out there.
Geithner’s economic philosophy is why the liberals in congress have been calling for his scalp since the beginning.

I’m being facicious, I think he’s a dodo. Sorry if I misled.

This is a guy who cheated on his taxes……….Unbeliveable…………..

What camplete… complete fool…

I am so tired of seeing these guys from the White House team on This Week come on and not answer important questions, instead just spewing out prepared two-minute statements and then trying to tie that in to the question at hand (when they think they need to)… Geitner is one of the worst at this, but too many others from this administration come on this show and do that too. Why not have the interviewers be a bit tougher with them… after all, where are they going to go instead? FOX? Please…

It is not accurate about the statement made by Ruth Marcus about tax 2010 tax increases. Please read the 2009 IRS form 1040ES. Here are the first statement: “Caution – Guidance for use of the 2009 Form 1040-ES, Estimated Tax for Individuals. The American Recovery and Reinvestment Act of 2009 (P.L. 111-5) made changes which might affect your calculation of estimated tax.(What’s New for 2009 and chapter 2) for additional information. Differential wage. The second paragraph increase all taxes for small business (owners) 10% no questions. If your adjusted gross income (AGI) for 2008 was more than $150,000 ($75,000 if your filing status for 2009 is married filing separately), substitute 110% for 100% in (2) under General rule, above. That was last year. This tax witholding has now become the new set point. Small business can only pay so much!!. I guess the 110% of the 46% that was paid in 2008. That makes that about half of every dollar I make. I still understand math 46% plus 4.6% would equal 50.6%.

All in all I was extremely
disappointed in this week’s “This Week”.
Your program’s opening statement and the tone of that statement regarding the fact that 20,000 jobs were lost in Jan 0f 2010 was deplorable.
As was later discussed during the round table- the public perception of
the economy is an ingredient that has the power to sway the economy. If perception is negative- the economy remains depressed- if favorable- the economy rebounds.
Why did you pass up the oppurtunity to take a more positive approach to this number? You could have compared it to the January 2009 job loss number (which as I remember was about 500,000 jobs )- with the 20,000 jobs lost in 2010 and the IMPROVEMENT (positive- economy improves) would have been obvious to all.
Shame on you for missing that opportunity.
Shame on you for being part of the problem.

Re. Roundtable panel comments about Christmas day NW airlines bombing attempt. Why not ask your esteemed panel the question . . . so let’s say the bomber was not given his “miranda rights” and when interrogated he would not say a word – he just sat there silently. How would the roundtable panel propose getting the supposed actionable intelligence from this individual? And secondly, do we live in the United States of America or do we want to live in a country who supports the values of torture?

Most depressions and recessions turn around after we hit bottom, so is Geithner perhaps admitting that Obama has taken us to bedrock?
Unemployment in WNC is double digit and seemingly still growing worse.

I hope Jake Tapper continues to moderate “This Week”.