Friday, April 24, 2009
This is an odd communication to the world. We made a mistake but you have to help us correct it. In other words, we jumped into the deep water without knowing how to swim and now want bystanders on the beach to rescue us. There is little wonder that the rest of the world isn't thrilled with the idea that it needs to take coordinated action to help the United States. Secretary Geithner may be correct in his assessment, but the way he presents the message isn't likely to win friends. On the other hand, what else can he say? The US is in a funk and has carried the rest of the world with it. There is no easy solution for this recession.