Geithner and Obama Did Not Misjudge The Length of The Downturn

A typical NYT gloss that is deficient. Geithner and Obama have always known the depth of the recession and most probably its cause as well. It is the porousness and unsustainability of the oil-mcmansion (aka sprawl) economy and the fragility of a society that props itself up with a sickly prison system and a fatuous War on Drugs. Not to mention a half measure approach to transparency that has left Bradley Manning a martyr of our century IMHO. Fixing the society and recovering decent values will be the tonic this economy needs and these two worthies know it. While outfits like the NYT continue to shill for the retro consumer economy  (its advertisers) and to thereby create a subtext of shoddy anti-Veblenian values. 
I read my paper copy so no link. You get the idea. Global Online Privacy