Posted on 06/08/2009 4:10:27 PM PDT by prairiebreeze
President Barack Obama assured the nation his recovery plan was on track Monday, scrambling to calm Americans unnerved by unemployment rates still persistently rising nearly four months after he signed the biggest economic stimulus in history.
Obama admitted his own dissatisfaction with the progress but said his administration would ramp up stimulus spending in the coming months. The White House acknowledged it has spent only $44 billion, or 5 percent, of the $787 billion stimulus, but that total has always been expected to rise sharply this summer. "Now we're in a position to really accelerate," Obama said.
He also repeated an earlier promise to create or save 600,000 jobs by the end of the summer.
Neither the acceleration nor the jobs goal are new. Both represent a White House repackaging of promises and projects to blunt criticism that the effects haven't been worth the historic price tag. And the job estimate is so murky, it can never be verified.
(Excerpt) Read more at abcnews.go.com ...
Summertime for the Bamster in Paradise!
Indeed, he 'scrambled' by getting up and down from the greenside bunker.
The liberal media is becoming enraged at the Kenyan for bailing out Wall Street and Detroit, but refusing to bail out the press.
People will eventually turn on 0bama and the media will share in the blame as they are part of the whole scam.
“Strong language and observations out of the AP. Must be trouble in paradise...”
As unemployment numbers begin to mount further and economic activity grinds to a halt, watch 0bama give a “major speeech” on overcoming a “crisis of confidence,” a la Jimmuh Carter.
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