Geithner: global action needed to combat recession

This article was recently released by The Associated Press and is exactly what I expected would happen. The Obama Administration is currently trying to sell the idea of a “Global Bailout” to the American people and this is when we needed to stand up and say enough is enough!

WASHINGTON (AP) — Treasury Secretary Timothy Geithner says the global recession is deepening and urged strong actions by all major nations to combat the downturn.

Geithner says the Obama administration believes it is essential for other major countries to commit to substantial and sustained efforts to bolster their economies.

His comments highlighted a growing rift with European nations who are balking at the administration’s call for increased stimulus efforts. European officials argue they do not want to pile up more debt to fight the downturn.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information.

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