Posted on 03/07/2009 8:20:31 AM PST by upchuck
WASHINGTON - As the economy continues to deteriorate, President Obama on Saturday sought to reassure Americans that his efforts to stanch the bleeding will eventually work.
The work week ended on another dour note, with 651,000 more American jobs slashed in February and an unemployment rate climbing to 8.1 percent. That is the highest rate of people out of work in more than 25 years, as the recession continued to put enormous pressures on families and industries.
Obama recapped the work of another hectic week in his young presidency. His goal was to reassure the country that he and his team are taking specific steps to create jobs in the short term and begin to address huge issues, like health care, that affect virtually everyone.
Obama in the past week launched a more detailed plan to help struggling homeowners avoid foreclosure; unveiled a new credit plan to spur lending for people and businesses; began an overhaul of the way the government hands out private contracts to reduce waste; and held a summit on how to fix the nation's health care crisis.
(Excerpt) Read more at foxnews.com ...
Wait until Monday when the U.S. markets open.
No one, not even the munificent* nobama, is smarter than Mr. Market.
* with our tax dollars.
If he would just shut up (no more public comments on the economy), it would probably get better. Okay, waiting for the visit from the Secret Service (Hi guys!).
Maybe the market will have forgotten this by then. We can hope :)
The Great 0-pression rolls on.
“Obama: Crisis offers ‘great opportunity’”
LOL - What a bunch of out-of-touch rhetoric!
Shut-up, Obama. Go hide in the White House somewhere and don’t come out until we, the private sector, work this whole thing out. Then you can come out and play.
“Yes, this is a moment of challenge for our country,” Obama said. “But we’ve experienced great trials before. And with every test, each generation has found the capacity to not only endure, but to prosper — to discover great opportunity in the midst of great crisis.”
Just words, just speeches. Just BS!!
Of course by then, they will have screwed up the country so bad, it will take ten years to fix.
“it will take ten years to fix.”
Based on the astonishing rapidity of the damage he has been able to enact in just over 45 days I’m afraid they will be able to get us on a road from which there is no return - Short of serious revolutionary reaction.
ObamaDoom was here yesterday to announce the retention of 25 government jobs for one year.
same teleprompter speech... different day...
This guy is an absolute moron.
I'm holding out for some hot chocolate, a bedtime story, and to be patted on the head as he tucks me in.
Obama is schizophrenic. One day he says the economy is in the worst shape since the Great Depression and the next day he touts everybody to jump in the market when its crashing! Obama is a total moron and is directly responsible for the terrible widespread economic news all across the country.
I’m very reassured that he is doing everything wrong for the economy. Jobs paid with tax money will make the situation much worse. Bailing out banks and AIG and the rest are a disaster. Bush baby started that, but the messiah continues the disaster, with love. It’s so outragous that companies who let greed and stupidity ruin them get free money and companies who ran themselves well get the shaft.
I will say this - he has created several jobs for speech-writers, that’s for sure.
He could first reassure America by proving without a doubt that he’s a natural born citizen, but the Rev Wright and William Ayers things still bugs some of us.
Not to mention the daily telepromter shows.
A new logo would make me feel better....I would not fear for the future of America if he would just make another happy logo.
http://www.freedomslighthouse.com/2009/03/oh-no-obama-rolls-out-another-logo.html
Agree somebody has to get the idiot out of office one way or the other before America turns into a banana republic we don’t need another Nero.
Reassuring words like ‘ the stock market is like a poll, and I don’t pay attention to polls’? Funny.
Love how government creates jobs—probably more catering jobs to staff the lavish parties he’s having...
He goes to Philadelphia to take credit for saving 25 police academy graduates jobs (for only one year of funding I have heard) yet 600,000+ lost since last reporting!!!
Are you better off today than you were 45 days ago?!
Nero fiddles as Rome burns!
This is fast becoming the Barrack Obama Market, which of course is a BOM for American Capitalism.
The more he BOM’s the economy, the MORE he will justify the absolute takeover of industry by the US Government.
See how well that works?
The more you screw up the more it allows you to do (as in take away the rights of US citizens).
Hey, BHOle, Try something for the Economy that has worked in the Past. Open a History book, quit blaming Bush, you’re giving Harvard Grads a BAD NAME.
The Stock Market isn’t Gyrating, Its DROPPING like a Rock.
The real headline: Der Fuhrer seeks to keep his approval rating as high as the MSM can make it while continuing his program of deliberate economic destruction and panic mongering.
Are they effing kidding? He does nothing of the sort. In fact, everytime he opens his mouth the market drops 300 points. His policies target business for extermination, yet he wants to save jobs. PUH-LEEZE!
$800 billion = 25 new government jobs?
He might start by talking to his fellow politcal hacks and undo single coverage plans that force people to pay for coverage they don't need or want..
Which he’ll read from his ever present Teleprompter!
The MSM supporters of Obama have become a laughingstock which few take seriously anymore and they are rapidly losing circulation and audience share because of it. Couldn’t happen to a big bunch of liberal dolts quick enough to suit me!
The guy from Twitter is working on it
There comes a time when even the stupid realize that they’ve been had.
The real headline: Der Fuhrer seeks to keep his approval rating as high as the MSM can make it while continuing his program of deliberate economic destruction and panic mongering.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.