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| Obama: Economic crisis 'not as bad as we think' |
| 2009-03-13 |
| WASHINGTON (AP) - Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is "not as bad as we think" and his plans will speed recovery. This is an hilarious defence of Obamomics by the author who has acknowledged that he doesn't understand the share market and proved it again last week with his defence of good "profit ratios" for stocks. Challenged to provide encouragement as the nation's "confidence builder in chief," Obama said Americans shouldn't be whipsawed by bursts of either bad or good news and he was "highly optimistic" [Please note the fine print qualification noted below] about the long term. |
| Posted by:Omoter Speaking for Boskone7794 |
| #4 A good compromise would be for Obama to declare "Economic Crisis over" It would be a lie, but he wouldn't have to deal with the crisis, and could stop stimulating the economy. Way better solution that what we are getting. |
| Posted by: flash91 2009-03-13 13:02 |
| #3 Remember the chant of Kerry-Pelosi in '06 about the "worst economy ever"? Compare to this - The U.S. unemployment rate reached 8.1 percent in February, the highest level in more than a quarter century, Labor said on March 6. Employers eliminated 651,000 positions, the third straight month that losses surpassed 600,000 and the first time that has happened since records began in 1939. Economists surveyed by Bloomberg News earlier this month predicted the U.S. jobless rate will reach 9.4 percent this year and stay elevated through at least 2011. At the same time, the country’s economy will shrink 2.5 percent in 2009, the biggest contraction since 1946. "not as bad as we think". You believe the MSM will hound the One as much as they hounded W for "mission accomplished"? /rhetorical question |
| Posted by: Procopius2k 2009-03-13 09:38 |
| #2 TEXAS Governor Perry Rejects Federal Bailout Money No lecturing necessary for Rick Perry or the good TAXPAYERS of Texas. |
| Posted by: Besoeker 2009-03-13 08:04 |
| #1 No. It's a lot worse. |
| Posted by: g(r)omgoru 2009-03-13 07:04 |