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Obama: "I misunderstood the depth of the recession.".
Talking points memo ^ | July 6 2011 | Barack obama

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 ...


TOPICS: Business/Economy; History; Miscellaneous; Reference
KEYWORDS: malaise; obamalaise; obamanomics; prezflustercluck; stupidcommie; townhall; twitter
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What a joke. Resign!
1 posted on 07/06/2011 8:58:50 PM PDT by GlockThe Vote
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To: GlockThe Vote

Obama = FAIL.


2 posted on 07/06/2011 9:00:27 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

Millions of American voters underestimated your shallowness, Barry.


3 posted on 07/06/2011 9:01:06 PM PDT by irgbar-man ("It ain't braggin' if you can do it." Babe Ruth)
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To: GlockThe Vote

4 posted on 07/06/2011 9:02:56 PM PDT by BookmanTheJanitor
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To: irgbar-man

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4909023&mesg_id=4909023

Lmao. DU is exploding over this. Priceless.


5 posted on 07/06/2011 9:03:23 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote
Your Glock is doubling.
6 posted on 07/06/2011 9:04:23 PM PDT by Navy Patriot (Holy flippin' crap, Sarah rocks the world!)
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To: irgbar-man
Wish I'd thought to tweet this clown today, specifically:

mr president--when did you start studying economics? I know it was today or yesterday, but what time?

7 posted on 07/06/2011 9:05:02 PM PDT by SAJ (Zerobama -- a phony and a prick, therefore a dildo)
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To: GlockThe Vote
Right. What would he have done if he hadn't misunderstood the depth of the recession? Transfer another trillion dollars from us to his friends?
8 posted on 07/06/2011 9:05:41 PM PDT by AZLiberty (Yes, Mr. Lennon, I do want a revolution.)
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To: GlockThe Vote

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.


9 posted on 07/06/2011 9:05:55 PM PDT by unspun (It's the Sovereignty, Stu... | We are Gulag Bound)
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To: GlockThe Vote
He's too stupid to misunderstand or understand anything!

The only thing he utters is what he reads from his teleprompter!

10 posted on 07/06/2011 9:06:05 PM PDT by dalereed
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To: GlockThe Vote

He “openly acknowledged” it isn’t his fault. He has no faults and has never made a mistake. Just ask him.


11 posted on 07/06/2011 9:06:37 PM PDT by TwoSwords (The Lord is a man of war, Exodus 15:3)
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To: dalereed

What a failure.


12 posted on 07/06/2011 9:07:59 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

Well this will make a nice campaign ad for someone. I hope the DVR was rolling at the Palin house.


13 posted on 07/06/2011 9:08:26 PM PDT by Semper911 (When you want to rob Peter to pay Paul, you'll always have the support of Paul.)
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To: GlockThe Vote
Obama: Americas Stupidest President

If you think he is totally incompetent with economics, you should check out his foreign policy.

14 posted on 07/06/2011 9:08:28 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: GlockThe Vote
tweet:

which of your economic team does not get forecasts from fortune cookies, or pull them out of their own a-holes?

15 posted on 07/06/2011 9:08:28 PM PDT by SAJ (Zerobama -- a phony and a prick, therefore a dildo)
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To: GlockThe Vote

Oh gee...

The guy with absolutely NO experience of any kind misunderestimated how bad the Democrats had made things.
IMAGINE THAT....


16 posted on 07/06/2011 9:08:57 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: GlockThe Vote
Must I thank thee again for thy bounty, comrade obama?


17 posted on 07/06/2011 9:09:05 PM PDT by clearcarbon
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To: GlockThe Vote

You don’t want him to resign with Biden as VP. We’d be conquered within 72 hours.


18 posted on 07/06/2011 9:10:38 PM PDT by nickcarraway
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To: GlockThe Vote

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.


19 posted on 07/06/2011 9:13:15 PM PDT by Pat4ever (NO MORE!)
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To: GlockThe Vote

404 Not Found


20 posted on 07/06/2011 9:15:37 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: tcrlaf

I just hope whoever runs against this lop is taking notes.


21 posted on 07/06/2011 9:17:10 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

I’ve never seen DU so riled up at obama. Impressive.


22 posted on 07/06/2011 9:19:01 PM PDT by Kirkwood (Zombie Hunter)
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To: GlockThe Vote

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.


23 posted on 07/06/2011 9:19:08 PM PDT by khnyny (Our government has become Hal in "2001 A Space Odyssey")
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To: GlockThe Vote
From reading the DU posts at your link; it seems that the problem was all the right-wing, supply-side economists that Obama hand picked to advise him. Riiiight.
24 posted on 07/06/2011 9:19:33 PM PDT by USFRIENDINVICTORIA
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To: GlockThe Vote
The only thing more stupid than Obama is an electorate to that would vote in a man with a resume that would not fill a post card.
25 posted on 07/06/2011 9:20:28 PM PDT by oyez (The difference in genius and stupidity is that genius has limits.)
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To: GlockThe Vote

obama is running out of wars to try to distract us. I’ve lost count.


26 posted on 07/06/2011 9:22:33 PM PDT by Kirkwood (Zombie Hunter)
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To: GlockThe Vote

How could he underestimate the depth of the recession, I was told repeatedly he was a genius.


27 posted on 07/06/2011 9:23:04 PM PDT by DaxtonBrown (HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
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To: USFRIENDINVICTORIA

Still funny to read though. I love when the dumpster melts down.


28 posted on 07/06/2011 9:24:21 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: DaxtonBrown

And he made it the entire focus of is damn campaign!


29 posted on 07/06/2011 9:25:21 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

http://tpmdc.talkingpointsmemo.com/2011/07/obama-i-underestimated-magnitude-of-the-recession.php#more


30 posted on 07/06/2011 9:26:09 PM PDT by scott7278 ("...I have not changed Congress and how it operates the way I would have liked..." - BHO)
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To: Kirkwood

They are melting down on a number of fronts tonight.


31 posted on 07/06/2011 9:27:25 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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Comment #32 Removed by Moderator

To: scott7278

Thanks.


33 posted on 07/06/2011 9:29:33 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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Comment #34 Removed by Moderator

To: GlockThe Vote
""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, .."

But damn that George Bush for not knowing, in advance, where it was going!!!

35 posted on 07/06/2011 9:31:00 PM PDT by cookcounty (Would someone PLEASE give the President a calculator for his birthday???)
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To: SAJ

WHAT????
You mean Academic Socialist Keynesian Economics Theory doesn’t work outside a Socialist classroom?

WHO’DATHUNKIT!


36 posted on 07/06/2011 9:39:05 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: max americana

The dumpster is on fire tonight on about 5 different issues.


37 posted on 07/06/2011 9:40:55 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: GlockThe Vote

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.

Bastard!


38 posted on 07/06/2011 9:48:49 PM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: GlockThe Vote
Hope the Repubs. learn from this. You have to run a candidate with actual executive experience. That would likely mean a Governor. Look at who we have running and redline everyone who hasn't been a successful Governor for ideally two terms or more.
39 posted on 07/06/2011 9:48:56 PM PDT by marsh2
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To: max americana

Yet; guilt-cool will get their vote again. LaL


40 posted on 07/06/2011 9:53:43 PM PDT by Cyber Ninja
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To: marsh2

I would vote for mad off vandersloot over Obama if given the choice.


41 posted on 07/06/2011 10:07:18 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: unspun

“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.


42 posted on 07/06/2011 10:19:26 PM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
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To: GlockThe Vote

a president with a learning curve, DUH!


43 posted on 07/06/2011 10:22:59 PM PDT by television is just wrong
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To: 21twelve

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.

http://www.freerepublic.com/focus/f-news/2185147/posts

An Excerpt:

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.


44 posted on 07/06/2011 10:23:47 PM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
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To: GlockThe Vote
Obama, you are going down.

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. : )

45 posted on 07/06/2011 10:36:05 PM PDT by Chgogal (Krauthammer, Rove et. al., STFU. Thank you.)
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To: GlockThe Vote; All

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.


46 posted on 07/06/2011 10:40:02 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: GlockThe Vote

He’s sure sounding a lot like Jimmy Carter.


47 posted on 07/06/2011 10:40:55 PM PDT by Kevmo (Turning the Party over to the so-called moderates wouldn't make any sense at all. ~Ronald Reagan)
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To: Chgogal
I sent that same SIGN to all my friends, and have gotten the same response from them.

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

48 posted on 07/06/2011 10:43:36 PM PDT by annieokie
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To: Chgogal

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


49 posted on 07/06/2011 10:45:01 PM PDT by Nailbiter
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To: GlockThe Vote

“Even I didn’t realize the magnitude — because most economists didn’t realize the magnitude — of the recession”

FReepers did.


50 posted on 07/06/2011 10:45:30 PM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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