"Given the dollar's role in the international financial system and the significant impact of the U.S. economy on global economic conditions, we fully recognize that the United States has a special responsibility to play," he said in prepared remarks for delivery to the Jeddah Chamber of Commerce.

Geithner, who arrived in Saudi Arabia overnight from London, is aiming to reassure Gulf Arab states that the United States wants their investments and that their U.S. dollar assets are safe. He travels to Abu Dhabi in the United Arab Emirates on Wednesday and will also make a stop in Paris Thursday.

As he did in London, Geithner said the global economy faced severe challenges but sounded a reassuring note about future prospects if "steady, forceful and sustained" support continues until private investment and spending lead a recovery.

"The force of the global recession is receding," Geithner said. "For the first time in several quarters, the IMF (International Monetary Fund) and a range of private analysts are starting to revise up their forecasts for growth in the second half of this year and next."

I say it every chance I get, averaging 400,000-500,000 jobs lost every month since last September does not equal things getting better.  They keep saying the worst is over but the numbers for REAL recovery simpy are not there.  The economy is awful and I see no deliberate action to fix it, aka regulation and dismantling huge finicial giants who only exist to suck every penny they can away from you. 

I saw on the news tonight Portland, OR has 23% underemployment!!!  That is 1 out of every four people.  This ride ain't even close to being over.