After a barrage of insults this morning from Rep. Kevin Brady (R-TX) that ended with Brady calling for Geithner to step down, Geithner finally shot back:
"It is a great privilege for me to serve this president. I agree with almost nothing you said, almost nothing you said represents a fair and accurate picture of the economy today." He told Brady, "You gave this president an economy falling off a cliff."Economically speaking, things are better today than they were when George Bush and the Republicans were in power. They left this country in the worst economic condition since the Great Depression. It's only been 10 months since a new president set new policies and a new economic course. It's going to take more than 10 months to fix 8 years of George Bush. But Brady's lecturing today of Geithner begs the bigger question of where was he? Why didn't he stand up and scold the Bush administration, the very people responsible for our economic condition, the way he has the new administration? It's plum fantasy to think the Obama administration has anything to do with the current crisis. Is the recovery going slow? Yes. But the very cause of it all belongs squarely on George Bush. It's really time Republican pretending ends.
Geithner continued: "Congressman, it's just a basic fact that a year ago, this economy was falling at a rate of six percent a year, it was losing between half a million and three-quarters of a million jobs per month and that process was not slowing" until President Obama began implementing his programs, Geither said.