Barack Obama's critics blame the stagnation on the stifling effect of new regulations and overzealous bureaucrats. There may be something in this, but the far more important cause is simply lack of demand. Households remain focused on paying down their debts rather than spending more, and there is nothing that Mr Obama will be able to do before election day to change that. Tim Geithner, his treasury secretary, argued forcefully last week that the rich world, America included, has plenty of fiscal capacity for more stimulus, and Mr Obama has gamely campaigned for the $50 billion infrastructure plan he unveiled a month ago. But Congress adjourned without acting on it and will return after the election with less appetite, not more, for fresh spending.
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This week Barack Obama ordered his treasury secretary to find a legal way to claw back the bonuses (see article).
这周巴拉克•奥巴马命令他的财务部长寻找合法的方式收回这些奖金红利(见文章)。
The key to former Treasury Secretary Rubin's success may have been that he fully understood that business and government are, in his words, "necessarily and properly very different."
前财政部长鲁宾成功的关键可能是他充分理解企业和政府,用他的话来说,这两者“必然和恰当地非常不同”。
Wall Street rallied two days later when the Treasury secretary, Tim Geithner, published his plan to tackle toxic assets held by Banks.
当财政大臣Tim Geithner公布了处理银行掌握的不良资产计划两天后,华尔街重新振作起来。
President Barack Obama strongly defends his treasury secretary.
VOA: standard.2009.03.24
Tyler had his Secretary of the Treasury send Congress the administration's plan for a national bank.
VOA: special.2009.01.29
On that point, Geithner has the backing of his predecessor, former Treasury Secretary Henry Paulson, who spoke on NBC's "Meet the Press" program.
VOA: standard.2010.02.07
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