Video at the link below. Gregory says "Businesses HAVE money...they are MAKING money...why won't they invest that in hiring?"
Geithner then talks about "productivity" and how they won't hire because of the "scars of the financial crisis." Translation: Keep the money in your pocket, make your remaining employees work harder. And harder. And harder. And make more money.
http://www.msnbc.msn.com/id/3032608/vp/38401354#VpFlashThe economy and jobs top the minds of many Americans this summer as two major pieces of financial legislation were signed into law this week. First, after a seven week stalemate, President Obama signed a bill Thursday restoring and extending unemployment benefits for more than 2.5 million jobless Americans. But Republicans say the new measure will only increase the federal deficit. Are they right? Will this act tip our already shaky economy over the edge? And when will all those searching for jobs finally get back to work? Plus, on Wednesday the President signed a sweeping Wall Street reform bill. Will this finally bring consumers the protections they need and help strengthen the economy? We ask the man charged with overseeing the nation's financial well-being: Treasury Secretary Tim Geithner.