Archive for the ‘geithner’ tag
Geithner lays the blame on all of us
“We’re in this situation because we, as a country, had been spending above our means.”
That was Treasury Secretary Timothy Geithner, in his “first morning-show interview” on Good Morning America. (It’s as close a direct transcription as I could muster without a DVR, and will be adjusted accordingly.)
UPDATE: Actual transcript:
We got into this because we borrowed too much. We lived beyond our means. Both as a country, many businesses did it, many families did it. Obviously, the financial sector did that. And part of what’s going to make this so hard to get out of this is we have to go back to a point where we’re saving more.
Had *I* been the interviewer, I would have been inclined to ask the Secretary:
When you say “we as a country,” what you really meant to say was “government, and the politicians who spent money they didn’t have in an effort to buy our votes,” right?
