Posted on 03/15/2009 2:13:07 PM PDT by Lady GOP
WASHINGTON – The economy is fundamentally sound despite the temporary "mess" it's in, the White House said Sunday in the kind of upbeat assessment that Barack Obama had mocked as a presidential candidate.
Obama's Democratic allies pleaded for patience with an administration hitting the two-month mark this week, while Republicans said the White House's plans ignore small business and the immediate need to fix what ails the economy. After weeks projecting a dismal outlook on the economy, administration officials — led by the president himself in recent days — swung their rhetoric toward optimism in what became Wall Street's best stretch since November.
During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, "The fundamentals of our economy are strong." Obama's team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.
But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC's "Meet the Press" if the fundamentals of the economy were sound, she replied: "Of course they are sound."
"The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology," she said. "We know that — that temporarily we're in a mess, right? We've seen huge job loss, we've seen very large falls in GDP. So certainly in the short run we're in a — in a bad situation
(Excerpt) Read more at news.yahoo.com ...
A “sound mess”. huh.
Didnt Obama Mock McCain for saying this ?
8.1% unemployment is sound’?
Didn’t President Bush say that and then got screwed in the press?
Go about 1/3 of the way past McCain
It’s a sound impending catastrophe if we don’t all do exactly what THE ONE says!
Romer is the half wit who did not know how much cap and trade would cost, but that it was worth it.
Sheesh, now the economy is sound?
A part of me wonders if Conservatives, specifically fiscal conservatives (otherwise known as possesors of common sense) are not buying what Obama is selling and we are keeping our money on the sidelines as a sort of economic embargo because we simply do not trust a thing Obama or one of his DUmmies say?
Isn't that nice? /s
crisis x 21
catastrophe
disaster
or
don’t worry be happy
Which is it? His puppet like actions to create a crisis have worked quite well.
Yes they went after him and now Obama is saying the same thing.
He did indeed
Dow down by 350 at close tomorrow afternoon?
The RATs dived the economy to promote their communist agenda.
They didn’t count on it diving as far as it did thus some of the “big supporters” are now getting a taste of the losses and they don’t like it.
The Usurper is only doing what he’s told to do...play it up, maybe it will come back.
Just follow the money trail when it comes to the RATs.
Is this bonehead clueless or what?
It took us months if 0bama rallys to get down to where we are now. A week does not make a trend regardless of how many administration spokesmen or talking heads say so.
What will make a difference is:
1) Do they have a plan? I have seen none yet.
2) Can they articulate this plan effectively to get enough people on board. Geitner is less than assuring.
3) Will this plan work?
The market will not stabilize until they have a plan at the very least.
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