The path our country has pursued to date was too limited in support. It came late, came with too little broad trust and confidence and too little direct support to the businesses and consumers and households that are most affected by the crisis; people who were careful and responsible in their actions but were damaged by the judgments of those who did not.
Tim Geithner discusses the inadequacies of the previous economic support measures and emphasizes the need for a more comprehensive approach.
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The basic sense that you see across the country that the political institutions in this country are not up to the challenges we face, unable to act, unable to solve problems, is absolutely weighing on confidence.
the only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…
One of the most important things the Congress did is to say, 'We're going to establish a level playing field across banks and nonbanks.'
What the President proposed in his budget is a series of detailed changes to our resources and our commitments that would reduce our deficits from 10 percent of GDP to around 3 percent of GDP, which is primary balance.
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