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 ...
I seem to have heard a phrase like that before a few months ago.
“puppet like actions”
Yeah.
The bellboy of the Titanic has spoken. What a dope.
Geez - first thing I thought. John McCain said this and got blasted for it! These people really are “transparent” in that you can see right through them.
I wonder if the liberals are proud of their accomplishments?
Yeah, when Bush and Juan said that, Obama and the demonrats went apopleptic.
Obama is a big fat liar.
Yeah, someone said that during the campaign and it is starting to come back to me now who said it.
Thanks, I didn’t realize that was a link to a video. It does indeed
McCain would have definitely been better then the arrogant, mealy-mouthed liar that is sitting in the People’s House
Well maybe a little better. At least we could have kind of put some pressure on him.
What we have now is incompetent, intolerable, and downright dangerous.
And yes, he can go get lost in the Amazon. They can keep him.
Good point about early retirement and then you have the crowd who cant retire because they lost half of their 401k’s they were going to retire on.
See the pattern of RATmedia/cabal:
1. Bush is an idiot, baaaad, bad, bad.
Rats are much better, change, change, change...
2. War in Iraq is lost.
Stoopid Bush fixed that, they had no control. Shocks, now to back up.
3. Trumpet the baaad economy, which was staged and prepared by mortgage to the people brew. Hurry, bad, bad, economy, Bush fault.
Obamaramadingdong to the resque. Everything sooo bad, throw trillions at it and inject the socialist “paradise” for the people. Quickly.
4. Start establishing the power structure with tax cheats and commie scum in charge. Get the media singing gumbaya, economy is now good, evrybody back to work, buy the stock and spend spend, spend.
5. Welcome to Kenyan paradise, everything is free, praise the Messsssiaaahhhh! Oh, read New York Pravda and believe it.
Dats all comrades!
Projections are just that - projections of present conditions if continued into the future.
One weeks worth of data is not indicative of future growth.
I have been surprised at all the optimism shown on the news shows this weekend and last week.
They'll take the last week of growth but negate the six months of decline.
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