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WASHINGTON (AP) - President Barack Obama says the United States remains in a deep recession that will take considerable time to escape.
Obama met at the White House with his top administration officials on Monday to hear an update on his $787 billion spending plan. Obama says he is not satisfied with progress and told his Cabinet that administration leaders need to push ahead.
U.S. economy has stepped back from brink: Obama - Yahoo! NewsBEVERLY HILLS, California (Reuters) – The U.S. economy is showing signs of stabilizing after suffering the worst economic crisis in decades, President Barack Obama said on Wednesday.
"When you look at the economy right now, I think it's safe to say we have stepped back from the brink, that there is some calm that didn't exist before," Obama said at a fund-raiser for the Democratic National Committee.
Obama took credit for a large share of the turnaround, saying his young administration had accomplished as much or more in its first four months as any administration since Franklin Delano Roosevelt's in the 1930s.
So a few weeks ago he was all "Look what I did for you all! LOVE ME!!!"
Now it's "Things are bleak, we aren't doing enough..."
He's just echoing what the economists are saying; take it up with them.
So much for "the buck stops here" eh?
Dear Leader promises 600,000 stimulus jobs.
1.6 Million jobs have been lost since he took office.
He keeps bailin' and flailin' and losing ground with every step.
First Law of Holes: when you're in one, stop digging.
Memo to Dear Leader:
STOP DIGGING THAT HOLE
The obvious problem here is that FAR too many people think the government needs to do anything to 'fix' the econony -- as the economy will, inevitably, will do that itself.
Well, perhaps if you leave it alone and let it fix itself.
If you nationalize healthcare......there goes a ton of jobs. If you exact a federal sales tax and raise taxes overall......there goes a ton of jobs.
Obama's about to go on another spending spree (since the first one did nothing), which scares the bejeezus out of me.
Is it just me, or will those 600,000 jobs make up for about one month's worth of job losses since Novermber 2008?
Isn't this then kinda like bragging about cutting $100M from federal spending?
Doesnt getting a whole 600k jobs out of the huge amounts of money spent on 'stimulus' prove that the 'stimilus' is a failure?It's exactly like that. But he's only talking to the ones who don't pay attention.
He's cornering himself. 2010 can't get here fast enough, and I hope Americans wake up like they did in 1994.
Is it just me, or will those 600,000 jobs make up for about one month's worth of job losses since Novermber 2008?
Isn't this then kinda like bragging about cutting $100M from federal spending?
Yes... "about half of the monthly average for the last 6 monthts".But its getting better, only 345,000 were lost last month, compared to what the "experts" claimed.....lol.
I wonder if we could turn back the clock, erase Bush's stimulus and every ounce of stimulus from Obama since, where we'd be right now.
Dow might be at 11,000. GM would have filed banko anyway. AIG, Fannie, Freddie, BofA, etc. We might be in the exact same situation as now, with less debt, and a vanishing recession.
Books will be written one day on this question alone.
He's just echoing what the economists are saying; take it up with them.
Obama promises more than 600,000 stimulus jobs
Okay... so we're in a deep hole and it's gonna take a while.
Didn't he just say:
U.S. economy has stepped back from brink: Obama - Yahoo! News
So a few weeks ago he was all "Look what I did for you all! LOVE ME!!!"
Now it's "Things are bleak, we aren't doing enough..."
Why do people trust this guy?
I wonder if we could turn back the clock, erase Bush's stimulus and every ounce of stimulus from Obama since, where we'd be right now.
Dow might be at 11,000. GM would have filed banko anyway. AIG, Fannie, Freddie, BofA, etc. We might be in the exact same situation as now, with less debt, and a vanishing recession.
Books will be written one day on this question alone.
Excellent chance the Dow would be at 2000 today, having recovered from its December low. If you don't understand the need for stimulus, just sit quietly and let the smart people fix things for you.
Excellent chance the Dow would be at 2000 today, having recovered from its December low. If you don't understand the need for stimulus, just sit quietly and let the smart people fix things for you.
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