The latest figures out aren’t encouraging or supportive of the administration’s schedule. The Washington Times puts those numbers in perspective:
“From a peak annual growth rate of 5 percent last autumn, the measure of gross domestic product slid to 3.7 percent in the first quarter of 2010 and was down to 2.4 percent by the end of June.”
2.4 percent? That’s anemic at best with a growth rate of 5+ percent needed over at least two to several quarters to pull the
out of recession. So the administration is doing what it can to fix the problem—the problem of taking responsibility for the recovery summer non-start. United States
Treasury Secretary Timothy Geithner told Good Morning America’s audience to go back to sleep and wait for the worst to be over, when you wake up in a few months (or years) the economy will be roaring again. Meanwhile his boss blamed the failed policies of the past administration and lambasted republicans for not having any new ideas—that should get the economy back on track.