From a CNBC interview Friday with professional investor Jim Rogers:
Treasury Secretary Timothy Geithner … "is a very smart person," but "he's been wrong about everything for the last 15 years," Rogers said.The latest in outsourced economic criticism during this time of cutbacks.
"Why are we listening to any of those guys down there? They're making our situation worse," he said. "They said in writing yesterday the solution to our problem is to spend more money … that's what got us into this problem: too much debt."
"That's like saying to Tiger Woods, 'you get another girlfriend and it will solve your problems' or 'five more girlfriends and you will solve your problems,'" he said.
"We're all going to pay the price for this in, one, two, three years," Rogers added. "The next time that we have problems in the economy, which will not be too long, we don't have any bullets left. We've shot everything we had to solve our problems."
"What are they going to do, quadruple the debt again? Print more money? We don't have any trees left. We're running out of trees."