Skip to comments.Obama: "I misunderstood the depth of the recession.".
Posted on 07/06/2011 8:58:45 PM PDT by GlockThe Vote
Obama: I Underestimated Magnitude Of The Recession Advertisements [?]
Source: Talking Points Memo
President Obama openly acknowledged underestimating the length and magnitude of the worst recession since the Great Depression in a response to a question during his Twitter town hall.
Always a tough question to answer, Obama was asked what mistakes he made in handling the economic crisis and what he would have done differently looking back on his first months in office.
Obama freely admitted that he would have tried to do a better job explaining "to the American people it was going to take a while to get out of this."
"Even I didn't realize the magnitude -- because most economists didn't realize the magnitude -- of the recession until" it was many months into his presidency, Obama said Wednesday.
Read more: http://tpmdc.talkingpointsmemo.com/2011/07/obama-i-unde...
(Excerpt) Read more at tpmdc.talkingpointsmemo.com ...
Obama = FAIL.
Millions of American voters underestimated your shallowness, Barry.
Lmao. DU is exploding over this. Priceless.
mr president--when did you start studying economics? I know it was today or yesterday, but what time?
Obama on truth serum: “I deepened and sustained the recession severely. Frances Fox Piven is proud of me.”
Put him in a cardigan sweater and let him talk of malaise.
The only thing he utters is what he reads from his teleprompter!
He “openly acknowledged” it isn’t his fault. He has no faults and has never made a mistake. Just ask him.
What a failure.
Well this will make a nice campaign ad for someone. I hope the DVR was rolling at the Palin house.
If you think he is totally incompetent with economics, you should check out his foreign policy.
which of your economic team does not get forecasts from fortune cookies, or pull them out of their own a-holes?
The guy with absolutely NO experience of any kind misunderestimated how bad the Democrats had made things.
You don’t want him to resign with Biden as VP. We’d be conquered within 72 hours.
Obama has also failed to understand the depths of loathing he has created in the hearts of Americans who are determined to vote his sorry *#% out of office as soon as possible.
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I just hope whoever runs against this lop is taking notes.
I’ve never seen DU so riled up at obama. Impressive.
It’s difficult to understand what’s really going on in the country that you’re supposedly leading when you spend all your time on vacation or on the golf course.
obama is running out of wars to try to distract us. I’ve lost count.
How could he underestimate the depth of the recession, I was told repeatedly he was a genius.
Still funny to read though. I love when the dumpster melts down.
And he made it the entire focus of is damn campaign!
They are melting down on a number of fronts tonight.
But damn that George Bush for not knowing, in advance, where it was going!!!
You mean Academic Socialist Keynesian Economics Theory doesn’t work outside a Socialist classroom?
The dumpster is on fire tonight on about 5 different issues.
You know what zero....I never thought you understood it in the first place any more than you understand what to do now.
What you do know - or think you know - is how to make excuses for yourself so you don’t lose your ride on AF1.
Yet; guilt-cool will get their vote again. LaL
I would vote for mad off vandersloot over Obama if given the choice.
“Frances Fox Piven is proud of me”
I think that the crash right before the election was created to help get Obama elected. On one hand it might have been thought to create a short-term fear for the election, but it got out of control.
On the other hand, it may have just been the trigger to get Obama where he could continue to quote “recreate America on a new foundation”. Of course to build on a new foundation you have to tear out the old one. And everything he is doing is tearing down the foundation of America - capitalism, free enterprise, and individual liberty. I think we are down to about two footings and half a slab away from his goal.
See my tagline for an old thread on FDR and the New Deal. It is ALL happening again.
a president with a learning curve, DUH!
Obama may be an idiot, but his handlers aren’t. They want the economy to crash and burn.
The following link is to an old FR thread, about an even older conservative booklet called “The Revolution Was”, written in 1938 about FDR and the New Deal. It is ALL happening again - amazingly, chillingly so. Only worse.
Worse outwitted were those who kept trying to make sense of the New Deal from the point of view of all that was implicit in the American scheme, charging it therefore with contradiction, fallacy, economic ignorance, and general incompetence to govern.....
Regarded from the point of view of revolutionary technic it made perfect sense. Its meaning was revolutionary and it had no other.....
The effect was to keep people excited about one thing at a time, and divided, while steadily through all the uproar of outrage and confusion a certain end, held constantly in view, was pursued by main intention.
The end held constantly in view was power.
I am spreading the following all over Chicago and people are loving it. Yes, I first saw this posted somewhere on FR.
“OK, you voted for Obama to prove you are NOT a racist. Great. Now vote for someone else to prove you are not an idiot.” People are loving it here.
Obama, your days are numbered. : )
The greatest economic threat facing America today isn’t Congress, and it isn’t Obama, it’s ECONOMIC IGNORANCE.
In a world where a large percentage of sheeple actually believe that GOVERNMENT creates wealth and jobs, and that an unemployment check is “Stimulus”, because a bunch of gay Democrats on TV told them so, we’re screwed.
He’s sure sounding a lot like Jimmy Carter.
They are all going to use this as their own. It is so simple, so true and so to the point, nothing more is needed.
Thanks for reminding us all again. amd many thanks to the originator and pray we have permission to steal it. lol
Just a chuckle, not stealing thread.
On road in Oak Brook today saw a KIA with UAW for Obama bumper sticker. Had to laugh even the UAW will not UAW assembled cars
“Even I didn’t realize the magnitude — because most economists didn’t realize the magnitude — of the recession”
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