Posted on 07/16/2009 4:20:28 PM PDT by KRyanJames
Turns out the $787 billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.
"This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery."
When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. "I can probably find 15 or 20 occasions when I said this in the lead up," Gibbs said, explaining that he had always defined the AARA as part of a "multi-legged stool."
Senior Economic Adviser Jared Bernstein said that the economy is improving -- or at least getting "less bad." And he said, that's a good thing.
(Excerpt) Read more at blogs.abcnews.com ...
- President Barack Hussein Obama, March 11, 2009
“We’ve always been at war with Eastasia...”
Weren’t we just at war with Eurasia?
Spin, spin, spin.
Yep, by this time next week the news media will have changed history. The sad thing is the Republicans will probably agree.
Get rid of this Gibbs stooge!
Put Sonya Sotomeier in his place. She can say NOTHING better than this A-Hole
Turns out the $787 billion “American Recovery and Reinvestment Act” (AARA) was not designed for full economic recovery, but rather to “stabilize” the downturn. That’s the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.
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What a crock. Another BLATANT lie to try and cover up the previous lies. Permit me some sarcasm — does losing millions of jobs reflect “stabilization”? Does a stock market (down from 13,000) reflect “stabilization’? Does unemployment at 9.5 percent and falling reflect “stabilization”? Does untold small business closings represent “stabilization”? Does radically reduced investor confidence reflect “stabilization”? Does a rapidly deteriorating DOLLAR reflect “stabilization”? And on, and on, and on.
Lying bastards. None of it was ever intended to fix our free market economy. This is now very common knowledge but bears repeating. Our capitalism is under FULL assault. Even most foreign governments see it, know it, and have advised against this radical socialist agenda.
Well of course it should be called the Stablization Act. It is not scheduled to start “stablizing” the Rat base until elections in 2010 and especially in 2012!
It shouldn’t have been called either. More honestly it should’ve been called “A gift to friends who got Obama elected” Act.
The sign has been up there for about a month, but so far I haven't seen anybody doing any work on the freeway. It should have said "This Sign was funded by the American Recovery and Reinvestment Act (The rest of the money went to public employee unions)."
Shovel Ready?
Yeah we all need shovels for this BS.
Semantic word play: i.e.: another lie.
We all know the stimuluas was never meant to stimulate nor stablize; it was a massive pork spending and political payoffs bill to the tune of $787 billion, which if I remember correctly, initially was near a trillion when first proposed.
What, you don't have any stencils, Pete?
It's been there for a month, after all!
AARA. Rhymes with a Long Islander saying "Error."
Nooo. He is our Bagdad Bob!
Obama Admin just moved the goal posts 25 yds closer...instead of a 55 yd Feild goal.....they are trying to make it a 30 yrd’r....
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