Obama Confident In Economy And His Recovery Plan

VOA News.com ^ | 12 March 2009 | Kent Klein

[topfile]

U.S. President Barack Obama says he is optimistic that the economy's long-term future is strong if officials can solve structural problems with the global economy. The president shared his views on the state of the economy with the leaders of some of America's biggest companies.

President Obama expressed guarded confidence to business leaders gathered in Washington, as he promoted his economic plan. "I do not think things are ever as good as we say and they are never as bad as they say. Things, two years ago, were not as good as we thought, because there were a lot of underlying weaknesses in the economy, and they are not as bad as we think they are now," he said.

Mr. Obama said the United States still has the best industry and workforce to guide it out of economic trouble. And he said banks will survive and investors' savings will be protected.

The president spoke at a meeting in Washington of (the Business Roundtable,) an association of leading U.S. companies' chief executive officers.

There were other small signs of optimism Thursday. General Motors said it will not need a $2 billion government loan for this month. Bank of America's chief executive officer said his company will not need additional financial help from the government. The government reported that retail sales fell far less than expected in February. And the Dow Jones Industrial Average gained almost 240 points.

However, Mr. Obama warned against the false confidence that he says led to many of the current problems in the economy. "We cannot continue to base our economy on reckless speculation and spending beyond our means; on bad credit and inflated home prices and overleveraged banks," he said.

[topfile]

According to Obama the economy is "not as bad as we think".

Whew!.... that was a close one.

[neodad]

When Bush, McCain, etc. said the same thing, didn’t the MSM mock them for being out of touch?

[tobyhill]

***Things, two years ago, were not as good as we thought***

Yea, that 5% unemployment was a tough one.

[WesternPacific]

Obama’s version of Clinton's Wag-the-Dog. To get attention off of his incompetence and short comings Clinton bombed an aspirin factory, a desert tent, and a camel. Obama and his minions bombed our economy, our freedom, and our independent way of life.

[Red Steel]

So Obama what happen to the worst economy since the Depression?

[Mengerian]

Obama = say whatever is politically expedient.

[Kickass Conservative]

Here's how I read this.

The Bush 700 Billion TARP package was a resounding success.

The Obama Trillion Dollar Stimulus Bill was a complete waste of money that has to be repaid by our children, grand children and great grand children.

OR

Obama is lying once again.

[ican'tbelieveit]

WAIT!

And the Dow Jones Industrial Average gained almost 240 points.

I thought we couldn't use the stock market as a indicator of economic health.

[proudmilitarymrs]

Are ya kiddin’ me?

Really?

mrs

[topfile]

So Obama what happen to the worst economy since the Depression?

[topfile]

Are ya kiddin’ me?

[Canedawg]

So Obama what happen to the worst economy since the Depression?

I find it an interesting coincidence that he started talking up the economy more optimistically the DAY after Mark Levin drilled him for being so negative about it.

[topfile]

Obama = say whatever is politically expedient

[ding_dong_daddy_from_dumas]

U.S. President Barack Obama says he is optimistic that the economy's long-term future is strong if officials can solve structural problems with the global economy.

Yeah, and a guy who weighs 400 pounds can lose 200 pounds "if he can solve diet discipline problems."

[tina07]

yeah, it’s just gyrating don’t ja know?

[Wolfhound777]

Obama is a joke. He’s confident about something he’s entirely clueless on. Hope is for losers without a plan.

[driftless2]

"Obama is a joke"

He proved that with his gaffe about p/e statements. He didn't know what that was proving he's an ignoramus about economics. We've got a major problem with our economic engine, and someone just picked an ethnic studies grad to work on our car.

[Recovering_Democrat]

Really? ‘cause his VEEP said there was a 30% chance it would fail.

And the VEEP, remember, is supposed to put a POSITIVE spin on things.

[grobdriver]

two years ago, were not as good as we thought

I'll take things as they were two years ago, you sorry sack of shit.

Especially my 401K

[2harddrive]

Broadcast the new acronym:

O ne

B ig

A ss

M istake

A merica!