Geithner and Greenspan Upbeat on Economy

What I want to know is why did George have Michelle Malkin on the This Week roundtable? She's so far right that it's like inviting a birther on the roundtable, though she did manage to restrain herself. Her agent probably got her the gig since she's pitching her new book.

I try not to listen to the extreme left and the extreme right. Both lack credibility because they can't see any other point of view. They lack the ability to take in new information. They don't bend and they're driven by a firmly planted ideology.

Malkin argued that if unemployment benefits are extended people won't be encouraged to get a job, as if people are just sucking up unemployment because they can. As others at the roundtable pointed out, there are thousands of applicants for each job opening. She also tried to argue the "redistribution of health," a cute take on the "redistribution of wealth." She talked about the "town halls gone wild" as evidence that Americans don't want health care, yet the only town halls that are wild are the teabagger or republican town halls. I've never seen someone have a meltdown at an Obama town hall.
Timothy Geithner (watch) and Alan Greenspan were also on the show (watch). Both were upbeat about the economy.

One could conclude that the stimulus saved the economy from the brink and has put the economy on the right track. Of course, that can be spun to personal taste.
What economists are trying to do now is figure out what's going to take the place of consumer spending in the future (if indeed consumers don't get back to the irresponsible levels of spending). I believe that's what the green economy is all about, innovating and exporting technologies. Our economy should not depend on people overextending themselves with credit.