Posted on 03/12/2009 6:11:27 PM PDT by 2ndDivisionVet
This is something many of us predicted. All of a sudden Obama declares the economy is not as dire as feared. I just thought he would wait long enough to believably give credit to the stimulus bill.
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.
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" about the long term.
The president's proposals for major health care, energy and education changes in the midst of economic hard times faced skepticism from both Democrats and Republicans on Capitol Hill, as senators questioned his budget outlook and the deficits it envisions in the middle of the next decade.
But Obama, speaking to top executives of the Business Roundtable, expressed an optimistic vision and called for patience.
Richard Parsons, chairman of beleaguered Citigroup Inc., asked if Obama could offer some help in a national battle "between confidence and fear."
"A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we're down on the dumps," Obama said. "And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment."
"I don't think things are ever as good as they say, or ever as bad as they say," Obama added. "Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They're not as bad as we think they are now."
So after declaring a catastrophe that we might never be able to recover from, and driving the market down to basement levels, and scaring the public into swallowing a record spendulus bill that will cost their children and grandchildren dearly and accepting government takeover of additional parts of the private sector he gets all Emily Litella on us. "Never mind."
Most of us knew exactly what was going on. He talked down the economy and talked up the crisis for several reasons:
-- to create an atmosphere that would allow the spendulus bill to be passed
-- to build up the crisis to fever pitch so that it could fully be taken advantage of in an effort to pass more big government legislation like healthcare
-- to create the impression that the economy is absolutely as bad as it could possibly be so that when any progress was seen it would be viewed as a recovery in comparison and that any recovery would be hailed as nothing short of miraculous, no matter how anemic
This strategy was calculated. It was deceitful. It was manipulative. It was opportunistic. It was un-presidential. And unless tax paying American citizens speak up it will be effective. The media that downplayed, and sometimes just completely ignored, good economic news during the Bush years, will do the opposite for the Obamessiah. I don't know if Americans will fall for it or not. I don't think the American people are that stupid, but I worry that they may be that uninformed and uninterested.
The Republicans who stood in unity and opposition to the Generational Theft Act of 2009 (aka Spendulus) are to be applauded. The three senators who drank the Obama Kool Aid can now officially be recognized as the suckers they are. And just think, the Obama administration did all this in less than two months in office and still had time to insult our closest ally. I don't even want to contemplate what might happen over the next two to four years. I guess it all depends on whether or not people realize they've been duped in time.
Obama just won re-election, sad to say....
They may not realize it by Obama, but they will realize it by their pocketbook. Jobs aren’t falling out of the sky, no matter how much consumer spending it up.
And I wonder how many are ready to dump their credit cards and are going on a binge spending spree?
P.S. When bills come due and can’t be paid with 30% interest or they just stop paying altogether, spending will be down again and then out the bottom of the credit card market here we come.
Need another 30 trillion stimulus or so.
How about the Socialist-In-Chief(Kenyan) "SICK"? I can't think of a better name for the White House usurper, although I'll keep trying.
He needs an excuse to throw the yoke of Natl Health Care and Cap & Trade on the USA........cant do without an uptike in the market....until its in place of course...
then it once again be GW’s fault
Most of my life has been spent as a career counselor, so the workforce center here just contacted me to let me know that three new centers will be opening here in the Fort Worth area with Porkulus money. They are to assist the hard corps unemployed, by invitation only. I am qualified to be a program manager or supervisor (the highest paying gigs) but am of two minds about it. On the one hand, I like helping people find work and I am good at it. On the other, they’re using money from an unconstitutional source to fund this.
I hear ya. Catch 22. At some point, people in our area will care more about keeping a roof than a constitution. Just like Obama likes it.
Either way, the money will be spent. It is too late for us to change it.
No, what he hasn’t done is pay the debt down.
Yup people really should read these...
http://www.fundstrategy.co.uk/cgi-bin/item.cgi?id=182471&d=pndpr&h=pnhpr&f=pnfpr
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.z1.V13_8G0&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.z1.V13_8G0&refer=home
http://www.libertygunrights.com/CritiqueOfEminentDomain.html
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