"Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They're not as bad as we think they are now."
After spending two months telling us how dire things are, now he wants us to believe it's just hunky-dory, just like that? This demonstrates one of two things, or both: (a) he thinks the public are fools; (b) he has no clue what he's talking about. Take your pick.
By the way, the stock market, after moving further south in response to a series of words from the President and the Treasury Dude, has moved north for three days. Why? Bernanke spoke. It's apparently no harder than that.
One more thing: Mr. Geithner DOES look like the palest guy at the dude ranch--the one who needs a seat belt for his saddle.