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Geithner: Obama's Policies Have Been "Extremely Successful"

David Gregory, moderator: In terms of the president's stewardship of the economy, this is a success story?

Tim Geithner, Treasury Secretary: Oh, absolute -- the president inherited, again, as you know, the worst financial crisis since the Great Depression, a crisis caused by a shock larger than what caused the Great Depression. And he did the necessarily, deeply damaging -- deeply politically hard things to get growth started again. And he's done everything he could to convince a reluctant opposition to join him in doing things to make the economy stronger. And we're going to keep doing that even if they're against it, even if they don't like it.

Gregory: But you call it a success story?

Geithner: Absolutely. This president's policies were extremely successful. If you measure what we did relative to the record of the United States in past crises and the record of other countries, history will judge what he did as remarkably effective crisis management at a deeply dark time for the world economy.

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