Posted on 03/13/2009 2:51:45 PM PDT by NormsRevenge
WASHINGTON – Turning more upbeat, President Barack Obama said Friday his administration is working to create a "post-bubble" model for solid economic growth once the recession ends. He said that means the days of overheated housing markets and "people maxing out on their credit cards" are over. But first, Obama said, "We've got to get through this difficult period."
There are "modestly encouraging signs" on that score, said Lawrence Summers, Obama's top economic adviser, citing indications that consumer spending had stabilized after taking a dive over the holiday season.
The White House attempts to be positive matched a fourth day in a row of stock market gains. The Dow Jones industrials gained 53.92 points to cap Wall Street's best week since last November.
Administration officials were criticized earlier this year for painting too dark a picture of the economy in an effort to win congressional passage of the president's $787 billion stimulus package.
(Excerpt) Read more at news.yahoo.com ...
“post-bubble” ?
“post-Obama”
When is this idiot going to figure out that he can’t will changes into existance?
What are you going to do, issue an executive order that no one can have a credit limit above $1,000, and that they can only have one card?
next up : “The Obama Bubble” (popped before its blown)
does Obama really believe what he is saying?
No, but 50% of Americans do.
Sadly
Nations, on the other hand...
Thanks for cheering me up. :(
It’s an illness...focus group induced manic depression.
We got here by spending more than we had so we’re going to fix it by spending more than we have.
Okay then.
Nations, on the other hand...
Yes, thank you for pointing this out. The Chosen 0ne's hypocrisy is staggering.
I think O is a perpetually angry black man. He sat in a church spewing vile hatred of whitey for two decades. He worked as a “community organizer” which no doubt requires blaming whitey for all black ills. He’s really a sour curmudgeon in middle age and he brings that huge chip on his shoulder to the WH. He is never really upbeat or uplifting; wasn’t so on the campaign trail, and certainly not in the WH. It’s just not in his DNA so his efforts to inspire and uplift will fail.
Good luck stopping that practice. And if you do, it's only because you have destroyed the financial sector completely.
It’s his economy now. Gonna be interesting to watch him dance when the stock markets plummet another couple of thousand points.
Just wait till the new taxes hit and then we’ll see how low we can go.
Are you sure about that? I’m not. I think he and his minions or handlers can do anything they want. How else can we explain the timing of all this etc?
Now all of a sudden because Obama is more “positive” suddenly the economy is getting all better?
Feds tied up all the money.
The private sector will not have funds for growth.
Everytime I read the AP, I feel like I’m reading Joseph Goebbel’s Ministry of Enlightenment and Propaganda.
When it’s time to hang traitors, I want AP at the front of the line.
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