Thursday, April 1, 2010

Geithner floats typical "free trade" lie on employment

"The economy's going to start creating jobs again," Geithner said. "The economy's growing now, that's the first step and with growth jobs will come."

But it will take a long time to make up ground lost to the recession, he said.

The fact is that the first step to an economic recovery is to create productive jobs. Geitner's statement is a confession that he has no intent of creating a recovery. By "growth," he was probably referring to financial tumors and death rates - his ultimate products.