“A little choppy.”

That’s how the “boy wonder” Treasury Secretary, Timothy Geithner, describes what he hopes will be the economic recovery ahead.

But, of course, this is the same guy who, before going to Washington to help bail out his old buds at the “too big to fail” banks, looked the other way at his post at the Fed in New York while the “too big to fail” banks did all the wrong things that set them up to fail—unless, of course, rescued by enormous infusions of taxpayer bucks.

It reminds me of how airline pilots often lie to passengers when they say they expect some “slight turbulence” as the aircraft enters a thunder cell and plummets hundreds of feet in mere seconds.

“A little choppy,” is what he says.

He makes his predictions on NBC’s “Meet the Press”–which, by the way, ought to be renamed since there is hardly any press left in this country as newspapers fold faster than a bad hand at a Vegas casino.

“…this is going to be a different recovery than in the past because Americans are going to have to save more,” says Geithner.
A lot of damage was caused by this crisis. It’s going to take some time for us to grow out of this.”

This fits into the “no shit” column of Washington statements that state the obvious.

I’d much rather hear him say how he thinks the government can make a recovery less choppy than warning us just how choppy it might be.

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