OBAMA, THE STOCK MARKET, AND ENERGY
IT'S TIME FOR A RETURN TO THE OLD SCHOOL
Posted on 12/07/2008 9:44:48 AM PST by rightwinggoth
CHICAGO – President-elect Barack Obama braced the country for more tough times Sunday, saying twice in an interview that the nation’s already dismal economy would continue to worsen in the months ahead.
Obama, speaking to Tom Brokaw on NBC’s “Meet the Press,” used some of his starkest language yet to underscore the severity of the challenge he’ll face upon taking office next month.
“If you look at the unemployment numbers that came out yesterday, if you think about almost 2 million jobs lost so far, if you think about the fragility of the financial system and the fact that it is now a global financial system so that what happens in Thailand or Russia can have an impact here, and obviously what happens on Wall Street has an impact worldwide, when you think about the structural problems that we already had in the economy before the financial crisis, this is a big problem, and it's going to get worse,” he said in the interview taped Saturday.
(Excerpt) Read more at news.yahoo.com ...
Yeah, if YOU have anything to say about it.
How to lower expectations:
1. It’s only going to get worse.
2. We have no idea what to do.
This trash talking the economy will only make things worse. What happened to HOPE?
They are just preparing you for the worst and that is what Obama will do.
Its great he’s taking the blame for it already. Now the Lefties can’t blame it on Bush without some blowback.
That was lost the day after the election. I recall vividly the "peanut farmer's" years in office...Deja Vu all over again.
Then yesterday, I waited in a line 50 deep at Kohl's department store.
We haven't touched on misery yet.
C'mon now, all he's gotta do is build even more bridges, roads and schools, that'll fix the economy.
Yeah, that's the ticket
Yes, and if you think about how mob rule led to the election of an affirmative action empty suit so that George Soros could buy in the country at cheap prices its difficult to see how it won’t take quite awhile for things to get better.
This recession is an excellent time for the MSM to go to a ‘’news reader’’ format like they do in England. They could save a lot of money on salarys. No need for a ditzy babe with a stain on her dress being paid millions to eff up the news.
Translation: I’ve got the advice of several Harvard-trained economists, and I still don’t know what to do except spend money.
Obama, Pelosi, and Reid fully intend to expand government spending at all levels to consolidate and increase their political power, regardless of the negative impacts on the citizens they supposedly serve.
The idea that 536 elected politicians, regardless of party, can make better economic decisions than the 140 million Americans in the workforce (whose efforts are responsible for the productivity of the United States) is laughable on its face. (See Adam Smith's The Wealth of Nations)
Given the current high state of leverage in our economy, expansion of the size of government and government spending is going to have significant, immediate, and lasting negative effects on our economy.
What happened to all of that “hope”? I don’t think the Obama voters will be happy if they don’t get their “hope”! He must already know that all of his polices will make everything much worse? *sarcasm*
They have to do what "we" tell them to do... make over priced or undersized fuel efficient cars that people don't want to buy. That's a plan for success. $1.70 a gallon gas, who needs a piss-ant prius type scooter-mobile anyway?
Hope is what you vote for. Lowering expectations is what you get. Change is what you vote for. Clinton Redux is what you get.
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