Treasury Secretary: Private Job Growth ‘Pretty Good’
EmailAlthough Americans on the unemployment line might not agree, Secretary of the Treasury Timothy Geithner thinks job growth in the private sector is “pretty good.”
In an interview on ABC News’ This Week, Geithner told host Jake Tapper that coming out of such a deep economic hole, private sector job growth over the last half year was better than satisfactory.
“Right now, the best thing the government can do…is help create the conditions for the private sector to start to invest in hiring again,” he said. “Now, we’ve seen six months of positive job growth by the private sector. That’s pretty good,” Geithner said. “Pretty good this early in a recession.
Tapper pointed out that employment had actually declined overall.
The Bureau of Labor Statistics (BLS) said that payroll employment declined by 125,000 jobs last month. The decline, the BLS concluded, was due, in part to temporary Census workers getting laid off.
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I googled “out of touch”
First hit – a picture of Obama
Second hit – Timmy Geithner
Posted by: Noz | July 25, 2010, 10:15 am 10:15 am
“Treasury Timothy Geithner thinks job growth in the private sector is “pretty good.”"
And the just signed $34 BILLION emergency unemployment benefit extension bill proves it!
Who says you can’t trust the integrity of a tax cheat?
Posted by: Mary | July 25, 2010, 11:33 am 11:33 am
Millions of saved jobs, Great news for the unemployed….However, there’s a silver lining for the unemployed who cannot make their mortgage payments: think of all the money you saved. Don’t worry, be happy!
Posted by: Sigmonde | July 25, 2010, 11:35 am 11:35 am
“pretty good” can mean anything. What scale is he using? Where are the jobs in the numbers that Obama promised he would create?
Posted by: EPU | July 25, 2010, 12:08 pm 12:08 pm
This administration is the gang that couldn’t shoot sraight…I seriously think they all have a collective mental illness
Posted by: Carmen | July 25, 2010, 1:47 pm 1:47 pm
Wow. It’s scary to think this man has so much power over our economy.
Posted by: Bill | July 25, 2010, 1:54 pm 1:54 pm
“this soon in a recession”???
Seriously? This SOON? It has been two years! How long does this administration plan on keeping the crisis going?
Posted by: scott | July 25, 2010, 2:05 pm 2:05 pm
What universe is this guy living in? So can we all begin shoveling statistical facts out the window now, or what?
Posted by: Tyler520 | July 25, 2010, 2:10 pm 2:10 pm
We are living in the Twilight Zone! Remember when America was great and there was prosperity?!?!?! Someday we will recover from this mess called obama
Posted by: chris | July 25, 2010, 2:13 pm 2:13 pm
“We should be thanking Him”
Posted by: DoWhat | July 25, 2010, 2:25 pm 2:25 pm
While it is true that we have saved more jobs than we’ve created, people should be thanking this administration and show a little more respect if they want unemployment benefits to continue.
It is apparent that people are not grateful for the hard work we have done between golf games. No better team has been assembled to oversee the decline of America.
Posted by: Tim Geitner | July 25, 2010, 2:29 pm 2:29 pm
Recovery Summer right Tim?
Explain to those without a job, or to those who live on a strict budget how spending millions on Recovery Act signs (to promote Obama) is fiscally responsible.
Posted by: millie | July 25, 2010, 3:25 pm 3:25 pm
He cheated on his taxes and Obama made him Treasury Secretary.
This is how Obama started his presidency. The presidency that was supposed to change the way Washington works.
Posted by: kyle | July 25, 2010, 3:29 pm 3:29 pm
Maybe Tim Geithner should pass around some of what he’s smoking, apparently it’s a hallucinogenic because he’s seeing things that simply are not there.
the Obama administration asleep at the wheel.
Posted by: philip | July 25, 2010, 4:21 pm 4:21 pm
The labor department statistics don’t agree with job figures. Check the fact you can’t believe what they tell you. Why was Geithner not asked about Freddie and Fanny bonus program? They are never mentioned even though their executives cook the books to get their bonus.
Remember when Zoe Baird with drew her nomination for Attorney General because she didn’t pay SSA taxes for her nanny. Obama didn’t set the ethics bar for his administration very high
Posted by: Merrill Phillips | July 25, 2010, 4:27 pm 4:27 pm
The child is utterly delusional, or he’s lying his *ss off hoping some people will buy this load.
Courtesy of Obama, a blatant tax cheat in charge of the Treasury. Priceless.
Orwell’s 1984, hello, we are there!
Posted by: And Atlas Shrugs Yet Again | July 25, 2010, 4:34 pm 4:34 pm
Apparently Geithner gets his facts from the MSM. They like to hide the truth to make Obama look good.
Posted by: hank | July 25, 2010, 4:36 pm 4:36 pm
Timmy is not just a tax cheat he’s a big time Wall Street insider.
Candidate/President Obama read pretty speeches about looking out for Main Street then he chooses two of the biggest Wall St cronies to run the economy–Summers and Geithner.
All of them are friends of the FatCats, who are some of Obama’s biggest campaign donors, and also his golfing buddies.
Then Obama lets two more FatCat cronies write financial reform–Barney and Dodd.
It’s one big racket that is NOT looking out for Main Street!
Posted by: greg c | July 25, 2010, 4:42 pm 4:42 pm
Gov. Louisiana, Bobby Jindal, protesting the drilling moratorium to Obama asked him what about all of the people it puts out of a job. Obama reply “they can get a check from BP.” Jindal “what if BP doesn’t pay?” Obama: “They can get a check from Unemployment.”
He thinks they want a handout that’s far far less than the salary they could earn by good hard work? He thinks being unemployed has no effect on future salary and career advancement? He thinks its great fine and dandy to utterly unnecessarily put thousands of people out of work, so the rest of the taxpayers can pay for their indefinite unemployment, and/or the government can go further into debt to China?
The TARP Inspector General just reported that the massive sudden closings of auto dealerships by this administration were unnecessary and costs tens of thousands of jobs – and appeared to be discriminatory to boot. But they can all just get two and a half years of unemployment checks too.
Now Turbo-tax Geithner thinks we ought to be THANKING them for this?
Posted by: And Atlas Shrugs Yet Again | July 25, 2010, 4:42 pm 4:42 pm
Gov. Louisiana, Bobby Jindal, protesting the drilling moratorium to Obama asked him what about all of the people it puts out of a job. Obama reply “they can get a check from BP.” Jindal “what if BP doesn’t pay?” Obama: “They can get a check from Unemployment.”
He thinks they want a handout that’s far far less than the salary they could earn by good hard work? He thinks being unemployed has no effect on future salary and career advancement? He thinks its great fine and dandy to utterly unnecessarily put thousands of people out of work, so the rest of the taxpayers can pay for their indefinite unemployment, and/or the government can go further into debt to China?
The TARP Inspector General just reported that the massive sudden closings of auto dealerships by this administration were unnecessary and costs tens of thousands of jobs – and appeared to be discriminatory to boot. But they can all just get two and a half years of unemployment checks too.
Now Turbo-tax Geithner thinks we ought to be THANKING them for this?
Posted by: And Atlas Shrugs Yet Again | July 25, 2010, 4:42 pm 4:42 pm
Yes Tim things are great.
Why don’t you join Obama and Biden on their traveling road show–The Recovery Summer! Sell more of that snakeoil.
Plenty of people are still buying it.
Posted by: reed | July 25, 2010, 4:49 pm 4:49 pm
My God, is everyone in the Obama administration, including Obama, on drugs????? I live in a state where unemployment continues to grow – not decrease. There are NO JOBS!!!!! Unemployment checks are not jobs! It does not help the economy. Obama and his pernicious agenda is destroying this country. I cannot believe that the MSM continues to support this corrupt, hubris idiot!!!!!
Posted by: Allie Foster | July 25, 2010, 6:39 pm 6:39 pm
This administration is the Oligarchy Protection League. The fat cats get fatter, the poor get poorer, and the middle class is shrinking.
Posted by: Teresa Trujillo | July 25, 2010, 10:33 pm 10:33 pm
Obviously, the writer isn’t out of work. It is really over 21% un-employment.
Posted by: nono524 | July 26, 2010, 11:09 am 11:09 am
What “Conditions” be those???? Seems straight forward enough to me…If people are not spending money, those employed saving for a rainy day or the unemployed just scraping by making bills, how are small businesses to survive and hire the unemployed….You and Obama FAILED…The money’s been spent…Trillions wasted…and now the bills are coming due….Raise taxes to pay for your mistakes, tripling the already hyper inflated deficit…BAD IDEA will force more businesses under…OR print more money…ALSO BAD IDEA….Inflation……..”Obama’s goin pay my gas and mortgage.”
Posted by: Parallex View | July 26, 2010, 1:39 pm 1:39 pm
Sure employment numbers are depressed; but 600,000 people gave up looking for work at all in May alone, so they’re not counted as “unemployed” so the unemployment rate is still ok.
Woohoo if we just get enough people permanently unemployed we’ll be back on easy street again. This is the right direction to prosperity… who put this cliff on my path?
You know, if we simply ended the private sector and told nobody to look for work at all, we’d be at the magic 0% unemployment and finally this economic strategy of damaging businesses and raising costs would finally have proven successful.
Sadly some businesses are still holding on to the plan of trying to weather this storm. Which is why we need Cap & Trade to raise their energy, transportation, and production costs by 30-60%. If they won’t fold to help the economy, we need to force them out of business.
But the ones we’ve driven out of the workforce so far are a pretty good start; especially this early in the Obama economic destruction administration.
Posted by: Ertdfg | July 26, 2010, 2:12 pm 2:12 pm
“Sure employment numbers are depressed; but 600,000 people gave up looking for work at all in May alone, so they’re not counted as “unemployed” so the unemployment rate is still ok.
Woohoo if we just get enough people permanently unemployed we’ll be back on easy street again.” – Ertdfg
Hey I think you’re on to something here.
A new class of Americans, the Permanently Unemployed or PU for short.
This group would be even better than the Illegal Invaders.
Since they’d be totally dependent on the government they would all, not just a measly 65%, have to vote Democrat! Wow! That would help to secure Obama’s Legacy like nothing else. Is there an Agency keeping track of the growing numbers of PU People? Inquiring minds wanna know.
Posted by: Noz | July 26, 2010, 4:59 pm 4:59 pm
The Recovery Summer
—
Y’all misunderstand. That’s Obama and Biden touring wrecking yards checking out the repo’d vehicles!
Posted by: smartlillena | July 27, 2010, 6:31 am 6:31 am
Unemployment rate in Washington DC 0%
Posted by: Lizzie | July 27, 2010, 3:48 pm 3:48 pm
He speaketh the truth.
Posted by: Jim Bob | August 1, 2010, 11:22 am 11:22 am