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Geithner to Consider Leaving Treasury After Debt Debate
Hans Nichols at Bloomberg:
Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.
What’s the matter, Keynesian economics not delivering? Here’s a free pro tip for you Geithner: taking water from the deep end and pouring it into the shallow end does not raise the level of the pool.1
- I’m not the originator of this analogy. I first heard it said by Rush Limbaugh. ↩