Gary A

In Earnings Season, Who Cares About the Unemployment Rate?

This article could well have been written by Summers or Geithner. The flaw of course is that spending by consumers drives the economy here. That is not true in emerging markets. This lack of spending by consumers will bring both the US and foreign nations to their knees.

The two stooges, Geithner and Summers bailed out the crony banks who don't lend, instead of the crucial consumer who refuses to spend.