CNN

The economy will heal itself. It always does. It's as normal and healthy for the economy as forest fires are for forests (they kill of diseases and parasites). Too bad we're now a couple of Trillion dollars in the hole trying to fix what wasn't really broken in the first place. That's what's going to cause us long term problems. Not some failed companies that have driven themselves into the ground. Those are going bankrupt anyway – just as they would have if we hadn't mortgaged our children's future to try to prevent it. Dumb!

Yes, the big banks and other financial istitutions raised big bucks called BAILOUTS or better still corporate wellfare coming from the pocket of poor and unemployed Americans....

And that is how the economy is improving...So help us God !

the rally has gotten ahead of any real economic rebound. Dow sinks , Yes Demwit that will happen from time to time. Its always been that way. Best to reserve judgement until the administration has had a chance to work all of its kinks out. Its the nature of the market in a real world.

Didnt Obama say if you give more money for the Stimulus, that unemployement would not raise about 8.0( it is currently 9.4%). Didnt Obama say that he would create 600K New jobs by the Summer( yep not even close again, Government reports show his programs have created between 5-10k new jobs not even close to 600k nor will he be by end of summer)? Do you see a trend here? All you uninformed Democrats that keep saying Bush put us in this finacial mess and he spent SO much money. Well guess what Mental Midgets , Obama has spent or allocated more money in the first 3 months did GW Bush spent in 8 yrs? So please tell me who is the reckless spender? You people are hypocrites and the days of Blaming Bush for everything including you blaming Bush for why your lives ar so Miserable and Pathetic ,are coming to an End , very very soon.

@ matt's comments

You cannot be this stupid. Even though the President does not look at the stock market to see where the economy is,it had to be mentioned, if you knew just a little about how the economy works you would know the up and down of the markets is based on what's going on in the economy. You haters can't stand the fact that this economy is turning around, slowly but mind you turning for the good. You hate it and I love to see you nay sayers squirm!!!! LOL

The GOPers will continue to deny that the economy is showing signs of a recovery.

Even when most economists say "we made it through the worst economic disaster since the Great Depression!" The GOPers will continue to deny recovery!

Considering the FACT that President Obama INHERITED the Bush Disaster from a Republican president, the GOP's rhetoric is to place blame on Obama every chance it gets! And obstructs everything. Offering no new ideas, no solutions!

The Market IS down today, however, the Market has been on a rally for sometime

Let's face facts here.

Geithner DOESN'T HAVE A CLUE!!!

Remember all of the OTHER statements that he has already said that have been WRONG??????

Uh oh. More bad news for the Repiglican Party. How can they spread their fear mongering lies if people start to see signs of the recovery? A number of large and small banks have repaid their TARP loans WITH INTEREST, unemployment numbers are stabilizing, the value of the dollar is increasing, the housing market is picking up and personal spending is rising.

The stock market has recaptured all is losses for 2009 and was "in the black" for the calendar year last week. Why did the markets drop today? The other G20 nations announced they're ending stimulus spending because – more bad news Repiglicans – their economies are beginning to rebound as well.

Don't forget Repiglicans, you idiots had 12 years to destroy the American economy this time around, just like Reagan did with the Saving and Loan deregulation scandal, it will take more than 5 months to repair it. But don't worry, the grown ups are now back into control and will fix your broken toys so you can ruin them again in another 10-15 years.

Hey Greg from Pottstown,

You live in an area where your industries are gone, how is Flagg Brothers, Firestone, you had Dana Corp. Closed also.

You live in Montgomery County, I live in Berks County.

and to Roger, everything you wrote all makes sense, but none of it is Obama's fault... this has happened back in the 70's, don't you think that we would like to have the steel back in PA...

Thanks, so stop blaming him, plus we use American Steel, but it is used in Government building.

Stay on course Mr. President, most of the country is behind you. It appears that the only ones who will pooh-pooh any improvement you've made so far are either: happily at home not looking for work and collecting the extended unemployment benefits that you've provided them with; or stay at home moms with rich daddy husbands.

OK, when the market goes down Geithner says we should ignore the market because it is not a valid indicator of what is happening with the economy, but now when the market is up, it is a "broad validation" of the Obama administration's financial rescue efforts. HAHAHAHAHA!!!! That is me imitating the students at his address in China, laughing at his incredulity. As in "HAHAHAHA....I can't believe you're stupid enough (or arrogant enough) to think I will just buy that trash you're putting out there. Really...stop it...you're killin' me!"

Another even larger part of the market gain was from commodity based stocks and funds which are trading 150% above what they were in November. That should be noted as a "broad validation" of the thought that pretty steep inflation is well on it's way. HAHAHA...oh...that's not so funny.

Matt when the market was down Hanity said it was Obama's fault. When it went back up Hanity said he does not care about the market. Then it went back down and the blame game continues, now that its up I am sure he will say it is not an index. We all want it both ways.

Wow. Reading all these comments, I now know where the all the right wing-nuts are hanging out.

Do you tools really think that Obama can fix the economy in 5 months when it took Dubya 8 years to tear it down??? Show me where Obama has ever said that the economy could be fixed in a year or less.

Lets be honest, the GOP hopes Obama is wrong on this and wrong on Iran, and just wrong in general. It would serve the US right for picking a Blackman who was not even born in this country, and yata yata yata. Face it GOP you only love the country when Whites are in control. Well if you don't like it now back up and go back to Europe. The coloreds have got the ship.

Ah yes, politics at it's best. That's like saying Obama was "wishing" for our economy to tank so that he could pass his massive stimulus package.

Fortunately, there are some cautiously optimistic signs in our economy with slower unemployment, increased consumer confidence, TARP profits, home sales rising, etc.

We still have a long way to go and at least the administration appears to be heading in the right direction. Godspeed.

From reading these posts, it seems like some people expect the economy to recover overnight. Well think again. I can begin to see signs of the repair. I still have a job. My boss is able to get credit and make payroll. Unemployment is slowing down. People who have been layed off have been able to receive unemployment benefits longer. This crisis didn't happen under 44's watch, it happened under 43's. Let's not forget that people. I'm confident that our President has the middle-class' interest at heart. Carry on Mr. President.

what would geithner know about the economy?
he couldn't even figure out the basic Turbo Tax program.

Geithner is a 25 year government employee.

When the stock market was tanking, Obama came out and said that he did not pay attention to the stock market as a barometer of how his policies were effecting the markets. Now that the market is up, his whipping boy Geithner wants to use the stock market as "validation" that the policies are working?

What about the record unemployment?

What about the CBO's own accounting of how far into debt the Obama policies will take us?

You libs can't have it both ways.

This is a funny statement from Timmy G considering that Biden just said today that he and the President were wrong on the effect that the stimulus would have on the jobless #s. Unemployment is always the best way to gauge the economy.
Funny when the market was tanking in response to the stimulus the Obama administration was calling it a tracking pole and saying that the economy could not be judged on the up or down swing of the market. But it looks like that is just what Timmy did.

What a joke. obama's going to sink the economy, just wait. CNN will provide the smoke and mirrors for obama though.

Geithner you better run along now playschool is over, your mentors Summers and Rubin and the rest of the bilderbergers are calling you.

The spin of TURBO TIM is LAUGHABLE. These people under Obama Administration don't know how to read financial reports. FOREIGN DEMAND FOR US ASSETS FALLS! How's about that Tim? In fact foreign investors are now WORRIED investing in USA because NEW BORROWINGS of this administration is getting BIGGER AND BIGGER. With this kind of borrowing and PRINTING OF MONEY out of style will result to INFLATION (losing value of the dollar) and HIGH INTEREST RATE.

China and Japan are trimming their holdings of US TREASIURIES. they KNEW our US TREASURIES are WORTHLESS now. You all have Obama and the ENTIRE Democratic Party to thank for!

YUP! The DEMOCRAPS are SERIOUS in DESTROYING the US economy and the LIBTARDS are serious in helping them do it.

Everyone busy blaming either Democrats or Republicans fail to see how we got here.

Why did our steel industry tank?
Why don't we drill for oil anymore?
Why haven't we built a nuclear power plant in 30+ years?
Why do we outsource jobs?
Why do we import so many jobs?

Unions and environmental constraints. Simple answer.
While France has gone on to provide 80% of their electricity with nuclear reactors, we refuse to build additional facilitites. Are the French THAT anti-environment?

Several other things I could cite but don't have the space!

lol. What are you people talking about? It IS showing signs of recovery. The market is up by thousands of points since November. So it falls one day during the morning. By close, it could easily be in the positive. You people need to start paying attention.

The market is kind of like a cork bobbing in water. Its going up and down and up and down but eventually it will settle for a while. Its better than the plunge it was doing between November and April. Thats the way it works.

Stop complaining.

lolol....what a bunch of clowns this administration is.....Geithner has been saying this for 4 months now. Obama is a total failure.

Please stop telling that we are there and show us where....where are the improvement happing ? everything is deminishing jobs, peoples savings....except the Obamas' government is growing along with
the national debt....!!!!!!

What happened to bringing jobs back to America?? That would definitely help our economy instead of printing money for us taxpayers to pay back. GIVE US OUR JOBS BACK!!!

LOL. Kind of unfortunate that the market shed around 200 points as he states that the market rally validates Obama's stimulus plans and policies.

Ouch. >> Wry smile <<

God laughs
e sits enthroned above the circle of teh earth
and its people are like grasshoppers
He stretches out the heavens like a canopy
and spreads them out like a tent to live in
He bring princes to naught
and reduces the rulers of this world to nothing
No sooner are they planted
no sooner are they sown
than he blows on them and they wither
and a whirlwind seeps them away like chaff.

This economy will only see 'real' growth when this nation turns back to God.

We are not doing enough. Are we a nation, or a society? The only way is to socialize health care and (higher) education.

The country moved to the right during Reagan. Since then our standard of living has eroded as evidenced by the two income family is now the norm.

We have been losing our standard of living since we adopted Reaganomics. Taken to the extreme (Bush), we have the world-wide economic meltdown we are now seeing.

You don't need a phd in economics to figure this out, just look around you.

Guess Timmy spoke too soon. The market is not as naive as Obamabots. You cannot spend trillions, tax trillions, borrow trillions, expropriate billions, and invest millions and expect the market not to notice that the economy will not recover.

I'm reminded of Reagan's words (updated from Carter):

A recession is when your neighbor loses his job.
A depression is when you lose your job.
Recovery is when Obama loses his job.

OBAMA WILL FAIL.

HOW ? HOW ?? HOW ??? THE HECK ON EARTH, is our Economy going to recover when:

1………. We are importing more and exporting less. We have a big trade imbalance.
2………. Our dependence on oil is overwhelming. We do not use oil, we waste oil.
3………. Our Manufacturing jobs are all gone.
4………. Our Iron and Steel industries are all gone.
5………. Our textile industry of North Carolina is all gone.
6………. Our Auto industry is all gone.
7………. We have everything made in China.
8………. We have outsourced to India because of cheap labor.
9………. We are still spending billions on 2 wars. Wars are draining our Economy.
10………. We import nurses from Philippines.
11………. Our Construction industry is full of illegal immigrants.
12………. Our Banking is Unregulated and Wall Street is full of Crooks and Rascals.

OBAMA CAN DO NOTHING.
OBAMA WILL FAIL.
OBAMA HAS TO FIX 1. THROUGH 11. ABOVE TO REVIVE ECONOMY.
DEPRESSION IS COMING BY 2011. GET READY.

Fair is fair, you ain't kidding. Have a nice day!

@ Randolph Carter:

So you must be absolutely thrilled with all those H1B visas that the Clinton administration started doling out, huh? And that NYT columnist Thomas Friedman says we should dramatically increase?

I wonder if the Democrats in congress will oppose Obama's attempts to reform the oversight agencies the way they opposed Bush's attempts?

I'm glad Timmah and friends are finally rolling out with new sweeping reforms ... it's a bit on the late side, but better late than never.

Geithner: rock, paper, scissors?

he is the poster child of the Obama administration.
CLUELESS ABOUT PRIVATE SECTOR LIFE.

Relax, southern cousin, gas prices are going up just like they have every single summer since you or I can remember. They'll come down in September just like always. Have a nice day!

Has Geither learned how income taxes work yet?

Mission Accomplished! Look, he even dressed up like a real banker!

J.P. wrote: We will be in the final stages of economic repair after the 2010 and 2012 elections when we can, once again, defeat the forces of failed liberal socialism and spend the NEXT 25 years creating wealth and prosperity…

Yeah wealth and prosperity for the top 5 percent. My pay hasn't gone up in 8 years. I don't get vacation time or benefits because I'm a "contractor." I've been a contractor for 2 years because all of the jobs in my field (highly technical computer mumbo jumbo) have been outsourced to India and elsewhere. Thanks Republicans. Have a nice day!

It probably is no thanks to the current administration. They are slowing everything down. Recessions run their course. I would hate think that the administration thinks they did anything to help, I believe if we had an honest report, (never will get from MSM) we would find they slowed the recovery and have set us up for the hyperinflation which will follow. Check the trend on gas prices since dear leader took office.

Nothing will change until we (the US) have jobs that pay a living wage.
Bring back the manufacturing jobs and our economic troubles will soon be a thing of the past.

But that is doomed by the greedy CEO's and Wall St. goons who sold us out to communist China, India and many other "3rd world toilets" so CEO's can line their pockets at the middle class's expense!

Bush &co were digging us into a deep hole. I hired Obama to stop digging. Great job so far but the next job is to find a ladder. Let's get busy.

Those famous words "I'm from the government and I'm here to help"..the fractured fairy tale of the obumbler continues it's downward tumble to mediocrity..just like the stock market

this is the guy that got laughed off the stage by students in China for saying our money was stable ? Another bozo cabinet appointee.

This is exactly why we elected Obama, to put in place a set of checks of balances for all of these out of control businesses in the private sector as well as federal agencies. Remember the $600 hammer?! And in spite of what the naysayers are regurgitating, there are signs that the economy is improving. My husband who'd been out of work for seven months is now amongst the employed, in his area of expertise.

Well, markets go up and down!! Obama and his tax cheat cronies are impeding the govt from getting better, because they want govt to own private businesses!!
Own car companies, fire CEO's, tax health benefits...is this the CHANGE you Obama nuts wanted? He make W look like the best president in the world.
Obama nuts, go read a history book.

Please... lessons learn and taught...it is called the Great Depression and what FDR had done to get the economy back on track. We may not know how long we were heading on a downward spiral. We were told back in September we were in a recession for a year, but it could have been going on alot longer.

But we as American people are not very patient...

The Chinese are laughing their crystal balls off...at his hocus pocus hands...

Thats right fix Americas problems Obama and keep out of the Iranian
Elections outcome...The Irani People are capable and smart enough to solve their own problems whatever it takes....so media you too as well stop meddling and report just the facts.....!!!!!!!!!!!!!!!!!!!!!

Geithner needs to stick his head out of his fox hole and observe what is truely happening. Bankruptcy after bankruptcy ....empty buildings...empty homes..manufacturers closing...small business closings..hotels & motels closing...airlines reducing routes..unemployment around 15 to 20% {if acurately reported}..banks holding onto money waiting to lend it to the government at 10%...congress spending money wrecklessly...what does it take to wake him up????

REALLY, The Obama Economy is a disaster and getting worst.

Thank you President Obama for having the guts to do what it needs to get our country BACK on track!!!

So blessed and grateful that we have President Obama!!!

Looks like he has his Hocus Pocus hands going again................

Thank you CNN for a REAL news story.

You're right Geithner and here we are discussing name calling. Can we please stick to the issues? Please. A lot of people are unemployed and uninsured. Let those who wish to name call-name call. The rest of us want to keep aprised of the issues.

He's denying the real problem that he knows is out of his control to handle.

With all due respect, Timmy, losing jobs at a slightly slower pace is not my vision of recovery. When I see the economy adding PRIVATE SECTOR jobs, I'll feel differently.

Here come Timmy boy and the others with their false market rebound.

We will be in the final stages of economic repair after the 2010 and 2012 elections when we can, once again, defeat the forces of failed liberal socialism and spend the NEXT 25 years creating wealth and prosperity...

This is cyclical... in 25 years, we'll very likely have to engage in yet another stupid campaign of "change" from kids too young to have lived through the previous recession. The best thing that will come out of these Obamaruptcies is the creation of the next generation of Reagan Democrats. Because somewhere, somehow, someone is actually going to have to create wealth for liberals to spread around.

Yup, I predicted end of summer as the time for full upswing. Obama had the vision and know how to make this work and he has done a great job. Now, let's get out of this recession and get some real health care reform.

Let's see, a trillion dollar "stimulus" injection, that is $1.00 per second for the next 31,000 years. My prediction is that the economy will pick up somewhat in 2011 to give the appearance of recovery in time for the next vote. Then inflation will take hold and that will be all she wrote folks. What I would like to know is where are the private sector jobs, all I see is government jobs that are paid for with tax dollars that do not create commerce. Me thinks we is broken! If you were broke would you charge out your credit card at 21% interest and think you would ever pay if off?

WHERE Mr. Geithner???? CAN'T SEE the early stages yet!!!!

"Geithner: Economy in 'early stages of repair'"

I'm sure this disappoints Rahm Emanuel, the guy who said, "You never want a serious crisis to go to waste." He and Obama have taking advantage of various American crises since Obama took office to try to push the country toward a socialised economy and socialised medicine. I'm glad the crises are fading–if indeed they were ever anything other than administration's attempts to scare people into tolerating their efforts.

What planet is this guy on?

"Early stages of repair" = His speculator buddies will soon be making millions again, and the American middle class will still be under-employed and left holding the tab for the wealthys' deeds.

I do believe that we are in the early stages of repair... very early judging by the amount of people out of work! Instead of spending billions on bailing out Wall Street, we need to start thinking of other ways to help make recovery work... let's cut out the middle men on Health Care... let's cut out the lobbiests in DC... let's invest in the companies that will put our people BACK to work! We have to clean up D.C.... not support the status quo!

He can see into his crystal ball and declare all is well. Maybe he and the rest of Obamas cabinet finally paid their taxes!!!

Oh he finally paid his back taxes!!

Meanwhile..., out in the real world.

Economic woes slam stocks
Markets fall sharply on worries the rally has gotten ahead of any real economic rebound. Dow sinks over 200 points; S&P 500 and Nasdaq drop almost 3%