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Economics Financial Crisis Politics The Opinionsphere

Geithner on the Political Bind the Obama Administration Faces

Timothy Geithner:

The country is torn between these two, not completely unrelated, basic impulses out there. One is that Washington is out of control; those people in Washington did this outrageous, take-over-the-economy type of stuff. And the other is that they haven’t done enough to help real people. The crisis came on top of this deep, terrible erosion in the basic level of trust in government and public institutions. That has made it much harder for people to believe that the policies we were [implementing were] going to help.

(During an interview with Daniel Gross of Slate.)

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