Tuesday, March 10, 2009

Geitner opens up to Charlie

Increased taxes on top 5%: modest, 2001 size, so that gains more broadly shared--like the productive 90's.

Responsible budget. council of economic advisers, independent. careful.

Slowly: recovery period, starting this year.

Automobiles. let'em go bankrupt? half not their fault. not tenable.

Responsibility and obligation, he feels, to fix this (after all he was head of the federal reserve up here while this was all going to hell). yet they were aggressive. hm.

Capitalism's already drastically different. a cleaning out of excesses, looking forward; rules enforced fairly.

the Will to do. acting, action, keep at it.

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Charlie was somber tonight.

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