Obama policies averted economic "abyss": Summers

Reuters on Yahoo ^ | 10/12/09 | Patricia Zengerle

[A_Former_Democrat]

LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

[Da Coyote]

The only abyss close to the loon administration is that contained within his socialistic head.

[NormsRevenge]

How can you go on an offensive when your every action is already offensive?

US President Barack Obama talks on the phone in the Oval Office of the White House in Washington, DC, in May 2009. The White House has gone on the offensive against its critics in the press, singling out Fox News and going so far as to accuse the News Corp.-owned network of waging a "war against Barack Obama. "(AFP/File/Saul Loeb)

[grobdriver]

I call Bull $HIT!!!

You have no evidence.

[NormsRevenge]

Point taken.

[TribalPrincess2U]

That’s what they keep telling us. LOL

[skeeter]

So we should feel lucky the unemployment rate is 10%.

THANK you, Barry.

[muir_redwoods]

Remember the joke about the guy standing on the street corner clapping? He told people he was keeping the elephants away. When told there are no elephants on Brooklyn he responded, with pride, that the clapping worked every time.

Somehow this economic claim reminds me of that joke. But it's a much more bitter joke.

[HiTech RedNeck]

This Porkulus did what? I ain’t seed a dime of it.

[NormsRevenge]

US President Barack Obama speaks during a rally on healthcare at the Comcast Center in College Park, Maryland, on September 2009. Powerful US insurers turned on Obama's top priority health care reform drive on the eve of a key congressional committee vote, warning the plan would send family medical expenses soaring. (AFP/File/Jewel Samad)

[depressed in 06]

Do any of these goofballs know how silly they sound?

[NormsRevenge]

10% is the new 8% ya know.

[I Drive Too Fast]

He lies.

Please tell me that he can't be that stupid to actually believe what he is saying.

[WOBBLY BOB]

you need to be in Detroit.

http://www.youtube.com/watch?v=fOZ-Etb0k0Q

[webschooner]

thanx to King Odumbo (piss be upon him) and his merry band of marxists, we are all going to hell in a hand basket, and there is even a shortage of hand baskets.

we are so screwed.

[Atlantan]

Look at Obama’s empty desk. A recent thread showed former presidents’ desks that were stacked with papers. They were doing serious work at their Oval Office desk. Not Obama. Nothing on his desk.

[Tawiskaro]

[peeps36]

Why are they talking about another stimulus if the first one is working so good? A rising stock market does not mean we are in economic recovery. The stock prices are going up on recovery rhetoric and they will come down when they are hit by reality.

[Diogenesis]

Can you say DNC-PLANNED October Surprise"? Of course you can.

PART 1: - Incredible, proven, systematic, pro-Clinton, pro-Obama, pro-RINO, media Bias.

So much bias that even Bill Clinton finished ***Third*** in Battle for Campaign Coverage

---

PART 2: - Endless Loans to Illegal Aliens, and then the Gambling Bankers without Accountability

---

PART 3: October Surprise to THROW Election2008, driven by Paulson/Geithner/Dodd/Obama and the so-willing MSM.

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
"On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve
noticed a tremendous draw down of money market accounts in the USA
to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically. The treasury tried to help with $150 Billion.
But could not stem the tide. It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon.
Within 3 hours. $5.5 Trillion would have been withdrawled
and collapsed and within 24 hours the world economy."

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FLASHBACK: from 9/15/08:

"U.S. President George W. Bush said Monday he is confident
that the markets are resilient and can deal with the latest financial blows.
"We are working to reduce disruptions and minimize the impact
these financial market developments on the broader economy." ...

U.S. Democratic presidential candidate Barack Obama
said eight years of Bush "brought us the most serious financial crisis
since the Great Depression."

His Republican rival said John McCain said he was happy the
federal government decided not to use taxpayer dollars to bail out Lehman Brothers."

How did Obama know THEN
that we would experience the 'most serious financial crisis since the Great Depression'
when those who did not plan the takeover would not know for three more months?

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