And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.
More Quotes from Timothy Geithner:
When policy-makers have already witnessed a significant move in asset values, and are confident in what that move means for the outlook, it should be prepared to adjust policy accordingly. The central bank must be responding to its assessment of what an already observed movement in asset prices will mean for output and inflation.Timothy Geithner
As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.
Timothy Geithner
But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing.
Timothy Geithner
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits.
Timothy Geithner
Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
Timothy Geithner
This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.
Timothy Geithner
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In all the antique religions, mythology takes the place of dogma; that is, the sacred lore of priests and people... and these stories afford the only explanation that is offered of the precepts of religion and the prescribed rules of ritual.
William Robertson Smith
Lotsa people want to hurt me. That's the price you pay for being a big mouth.
Bill OReilly
The government can help, but we need to make this transition now to a recovery led by private investment, private.
Timothy Geithner