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44, Day 61: Geithner's No. 1 Fan
An ongoing log of the daily activities of the 44th president of the United States during his first 100 days
-Even if Timothy Geithner wanted to quit, his boss says he wouldn't let him walk out. "Sorry Buddy, you've still got the job," President Obama says in an interview to be broadcast tomorrow on CBS' 60 Minutes.
-When he unveils his banking reform plan next week, Obama knows he needs to get the backing of the financial sector to truly make it work. But he told CBS' Steve Kroft that also hopes Wall Street will hear the populist anger he hears. "They need to spend a little time outside of New York. Because ... if you go to North Dakota, or you go to Iowa, or you go to Arkansas, where folks would be thrilled to be making $75,000 a year - without a bonus - then I think they'd get a sense of why people are frustrated."
-In his regular Saturday radio and internet address, Obama focused on his $3.6 trillion budget proposal for fiscal 2010, which suffered a blow last week when congressional analysts said the federal deficit would be significantly larger than the Obama administration estimated. The president wants Americans to think about the long-term as he called the budget, "an economic blueprint for the future - a vision of America where growth is not based on real estate bubbles or over leveraged banks, but a firm foundation of investments in energy, education, and health care that will lead to a real and lasting prosperity."
by J. Jennings Moss
Sources: The White House and CBSNews.com,
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