If he can't figure out how the get the umbrella through the gate, I don't know how he can be expected to understand the simple concept of supply and demand.
Posted on 08/29/2010 6:05:35 PM PDT by NormsRevenge
WASHINGTON (Reuters) – President Barack Obama said on Sunday the U.S. economy was expanding but not at a robust enough pace and there was no "magic bullet" that will fix its problems.
Obama said in an NBC interview that the batch of grim economic data over the past few weeks was something his administration had anticipated.
...
"The economy is still growing, but it's not growing as fast as it needs to," Obama told NBC in the interview in New Orleans, where he stopped after a vacation on the Massachusetts island of Martha's Vineyard.
Obama faces a dilemma in trying to reassure Americans about the economy without appearing to be out of touch with frustrations, which have been rising over the sluggish growth and scarcity of jobs.
The economy is the top issue in the November 2 congressional elections, where Obama's Democrats are bracing for potentially big losses to Republicans.
Obama's first week back at the White House will be heavily focused on foreign policy issues. ..
Obama gave little indication in the interview of any new proposals that might be unveiled in the near future. He noted that that the "short-term politics" of the election season might make it hard to get such measures passed.
But he urged the U.S. Congress to pass some of his existing proposals such as plans aimed at spurring lending to small businesses and tax breaks for such firms. He also touted his initiatives to encourage investment in clean energy.
"We should be passing legislation that helps small businesses get credit, that eliminates capital gains taxes so that they have more incentive to invest right now," he said. "There are a whole host of measures we could take. No single element of which is a magic bullet."
(Excerpt) Read more at news.yahoo.com ...
Have they not alraeddy passed so called jobs bills aimed at “getting banks lending, credit to small business” The congress must have already passed 3 of this same bill Obama keeps taouting week after week
If he can't figure out how the get the umbrella through the gate, I don't know how he can be expected to understand the simple concept of supply and demand.
the economy was far worse when Reagan took over from Carter and he fixed it.
But then again, HE knew what to do.
What ever happened to “Recovery Summer”?
Zer0 needs to tell the media to stop using "unexpected" then.
Really? Because article after article has been telling us it was all "unexpected".
I have something here that you can take with everything that I tell you.
There’s got to be a light bulb somewhere! I wonder if between the combined brain power of these two idgits if they figured out how to get the unbrella through the gate?
Such a challenge! Figures he is more than clueless on more important things like the economy.
Magic Bullet to fix the Economy = Mullah Obama resigns
Cloward and Piven.
It’s kinda scary, I mean if Barry admits things are bad, they must be about to get really bad!
Please tell me that photo is photoshopped.
I can’t bear it if you tell me it isn’t.
Man, I wish he’d just stay on vacation. It was nice not hearing his bull manure for two weeks.
That’s just funny. Wonder if he know what to do? Reminds me of the Democrats on the Elevator when it stops,you tube video..
Barry, socialist economic policies generally don’t grow economies. Nor do socialist policies generate confidence in business to expand anything.
No magic bullets? That wasn’t what the bailouts were supposed to be?
Good grief - this man doesn’t know how to do shit!
NO! There are too many crazy Federal laws, programs and bureaucracies already.
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