Former British PM Tony Blair: Getting Economy Back on Track Should Be Based on Right or Wrong Judgment, Not Right or Left Judgment

In an interview on NBC's 'Meet the Press, Treasury Secretary Tim Geithner recently pointed toward the crises in Europe and Japan as the cause of an economic trial for the U.S. throughout 2010 and 2011, saying that slowly but surely, things were beginning to look up again. "As fear of those things has receded a bit, the economy has started to strengthen again, and that's good," he said.

On this morning's Fox and Friends, former British Prime Minister Tony Blair responded in studio, saying that Geithner

does have a point.

"If Europe goes bad, it'll affect you, it'll affect us," said Blair, "so, we've got to hope that the European economy sorts itself out ... but at the moment it's still very shaky."