Posted on 03/05/2009 9:23:26 AM PST by Oldeconomybuyer
President Obama issued another dire warning about the economy when he delivered his prime-time speech to a joint session of Congress Tuesday night. It was essentially the same negative assessment he has been giving for weeks—but with a difference. Now that his economic stimulus package has become law, Obama realizes it's time to boost consumer confidence as much as possible. So, he tried the Big Pivot—shifting from an emphasis on gloom and doom and, finally, taking a more upbeat view of the future. "We will rebuild. We will recover. And the United States of America will emerge stronger than before," he declared, echoing the optimism of Ronald Reagan and Franklin Roosevelt. [snip]
Senior White House advisers were dispatched to a variety of television shows to spin the president's message and reinforce the idea that Obama is trying to balance realism with optimism. [snip]
Obama is staking his presidency on turning the economy around, and so far he hasn't much to show for his efforts. Wall Street investors haven't bought into Obamanomics, as illustrated by the continuing declines in the stock market. Congressional Republicans intend to confront him as a tax-and-spend liberal. At the grass roots, some Americans are angry at Obama's massive bailout of the banks and resentful of his plans to aid homeowners who have overextended themselves.
[snip]
(Excerpt) Read more at usnews.com ...
This is basically a suck-up article, if you read it until the end.
Sounds like a very bad remake of “The Omen”
What, no 6 1/100th?
Obama and his commie buddies are destroying your family, property and rights on purpose.
He started trying to talk positively about the economy because Bill Clinton told him it was stupid not to. He is so completely clueless that he didn’t realize the damage he has been causing with his constant negativism since assuming office.
Obama has the worst political tin ear I have seen since Richard Nixon.
Maybe he ought to take the money he spends on $100/lb. wagyu beef and buy a clue.
Agree. It’s not about “why”, it’s about “how” he’s ruining the economy.
“Here's my prediction: The minute that the “stimulus” (spending) bill passes — every Democrat politician, and their fellow-travelers in the MSM will be talking up the economy. There will be nothing but good news.
They needed the “crisis” to get H elected, they've been stretching it out to get the spending programs approved. The economy will return to what it was 6 months ago & Obama will be proclaimed the saviour. If the economy hadn't been driven down during Bush's tenure — Obama couldn't be made to appear so clever.”
Here: http://www.freerepublic.com/focus/f-news/2178559/posts
This story applies to yesterday’s market, not todays.
The White House is performing a balancing act. They want to crash the economy so they can switch us to a socialist/communist economic model but if the economy tanks too fast before they have the public conditioned for it they will face massive riots and insurrections.
They need to have the mechanisms in place by which to insure re-election in 2010, control the media and put down any public uprisings before they let the bottom fall out of the economy. They aren’t there yet.
So they will periodically blow sunshine up our butts about a recovery in the 4th quarter ‘09 or early ‘10 so the Boiling Frogs won’t wise up to what the Democrats really want and what is happening to our country.
“Obama and his commie buddies are destroying your family, property and rights on purpose.”
you are so right!
Huh?
This isn’t difficult - they talked the economy down when Bush was in office and are talking it up now that Obama’s in office. Standard operating procedure. Except that this time there really is a sharp downturn and it’s going to take more than a publicity campaign to deflect the blame. The “Bush’s fault” meme is getting past its sell-by date and there’s no real end in sight. “Happy Days Are Here Again” isn’t cutting it and it isn’t going to.
Yes, but so much damage has already been done a little positive thinking will not heal the problem.
Please allow me to clarify. I was trying to describe the Dem's strategy. Talk down the economy (they had been doing that for 8 years). Get the economy to tank during Bush's term; in order to be able to blame Bush; to set a low starting point for BHO; and to create a crisis. The crisis served two purposes: getting BHO elected; and facilitating the transformation of the USA to the USSA.
The final part of the strategy is to talk the economy up — so that BHO, and his socialist spending programs, get the credit for the recovery. I didn't specify how long that would take. So long as the economy is trending up before 2012; it will have served BHO’s purposes. They will still be able to blame Bush for the mid-terms in 2010. Most people won't understand that the economy would have recovered much faster had BHO done nothing at all.
Tragically, you're probably correct. I think that things might have gotten away from them — somewhat like prescribed burns sometimes create runaway forest fires.
Also, while BHO’s actual agenda seems far more sinister — his economic advisers seem to be true believers in Keynesianism. They haven't allowed for the possibility that running up massive deficits; and printing money until the presses overheat, might actually make things far, far worse.
These advisers should heed Keynes himself, who wrote:
“Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”
There will be no recovery till after the crash and we haven't even begun to crash.
I didn't specify how long that would take.
Yes you did. You said six months.
Well, at least you're starting to get it.
That aybody thinks any of this is about thinking or feeling is absurd,Its about hard numbers and a thoroughly corrupt ,rotten infrastructure...occasioned by a lack of term limits in DC...and an ethical/moral basis of education in American business schools.
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