Posted on 03/07/2009 11:52:10 AM PST by topfile
After a week of rough economic news, President Obama on Saturday gave a pep talk to America, using his weekly radio address to tell them he understands their hardships and to tick off the steps he's prodded government to take.
"We will continue to face difficult days in the months ahead," Mr. Obama said. "But I also believe that we will get through this — that if we act swiftly and boldly and responsibly, the United States of America will emerge stronger and more prosperous than it was before."
Mr. Obama also bragged about what he said were the brakes he's applying to spending, saying that within 10 years non-defense discretionary spending will be a smaller part of the economy than any time in nearly half a century.
The Dow Jones Industrial Average dropped 436 points during the week, and the number of jobs lost since the recession began in December 2007 rose to 4.4 million, putting unemployment at more than 8 percent.
The president said he looks beyond those statistics to the people who have lost those jobs, and listed off a series of government actions he's pushed for in his less than two months in office:
• New rules to allow for easier refinancing and to push lenders to lower mortgage payments for those who are facing foreclosure.
• The $787 billion stimulus bill, which he said will meet his goal of creating or saving 3.5 million jobs in two years.
• A health care summit that, the president said, will spur the ideas that will lead to coverage for all Americans.
(Excerpt) Read more at washingtontimes.com ...
Honest, officer, I was just “boosting” that sheep over the fence.
Too late, Odumbo. You pushed the boulder down the hill with your constant negativity, reckless deficit spending, and threats of anti-business policy. There’s nothing going to stop it now except the bottom of the hill: Dow 2000, 20+% unemployment, riots, you name it.
Panic is the fuel for Obama’s brand of change.
That's what I'm thinking. 0be's a second story man.
We had five years of economic downturns greater than 2008 since World War II: 1949, 1953, 1958, 1974 and 1981 - all disasters. In every case, the government did nothing or cut taxes. The next years had great growth.
This time Democrat/major-media lies worked because Rep. Barney Frank and Sen. Chris Dodd penned federal regulations making banks lend money to unqualified morggate applicants, and illegal immigrants.
The Stock Market started to tank the middle of September 2008. That was when it was concluded that this neophyte would be elected president.
The Obama team isn’t capable of putting a plan together that will rescue our sinking economy. His plan outlined last week is pure Socialism and that plan has never worked.
Maybe “The One” can perform a Miricle and turn Salt Water into Oil...Naahhh..It would probably turn out to be Snake Oil.
Shove it, Hussein.
The way out of this mess is to embrace and encourage free markets, not restrict them.
The way out of this mess is to give liberty to the labors of the people, not confiscate them.
You have chosen the path to slavery and poverty. It is perverse, and you have chosen it willingly.
I hope the American people wake up before you and your actions irrevocably crush the Spirit of America for a generation.
Here’s an idea: you and your entire cabinet resign, along with Pelosi. Let someone who believes in the Constitution take over.
If you want to do something that will help America, admit you’re in over your head. Admit your theories used to seize power in local and state politics as a legislator do not work on the national stage, and you’ve got no clue what to do next.
I won’t be holding my breath.
Yep.
It’s a darn shame that the economy is tanking, while Obama is trying to install socialism in the US.
Must make his job difficult.
“Honest, officer, I was just “boosting” that sheep over the fence.”
++++++++++++++++++++++++++++++++++++++++++++++++++=
I don’t even know that means. So why am I lauging so hard?
Lucky for you I just had dry heaves so I don’t need a new keyboard.
I guess the American people are the sheep in your example.
Which is why he gave this speech on a Saturday when the markets are closed.
A snake-oil salesman : “someone who tries to sell you something of no value”. As in “The American people are too easily deceived - the perfect target for any passing snake-oil salesman. “
ROTFLOL
“After a week of rough economic news”
Wow !! Talk about the media being in the tank for Obama...
You either have to be an idiot or have brass balls to call 8.1 unemployment, a Dow under 6,700, continued lay offs continuing business’s folding and no one hiring, a week of rough economic news..........
Really? Last time I checked, I wasn't eating $100/oz. Wagu beef, flying around in my own 747, partying with Hollywood & Motown stars and weekending at my own private dacha in the Maryland mountains.
From the San Jose Mercury News of March 6:
It isn't surprising unemployment in Santa Cruz County is up dramatically. After all, it's a recession and the collapse of the housing market hit hard in this community. In addition, local unemployment usually spikes in mid-winter as some farmers in the Pajaro Valley let fields go fallow. But the figures for January are ominous, nonetheless -- an overall jobless rate of 12.6 percent, with an astronomical unemployment rate of 25.7 percent in the city of Watsonville.
http://www.mercurynews.com/centralcoast/ci_11849671
Oh that's just too rich. You see the sleight of hand there? Sure he's going to slash "discretionary" spending—by turning it all into entitlement spending. Total spending is going nowhere but up, up, up.
I suppose he's feeling our pain, where have I heard that before?
This man is so full of shit.
O ne
B ig
A ss
M istake
A merica!
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