Posted on 06/08/2011 12:41:42 AM PDT by Berlin_Freeper
WASHINGTON – With few options at hand and his poll numbers sagging, President Barack Obama expressed concern Tuesday about the sudden slowdown in the economy but said he is not worried about a second recession and the nation should "not panic."
The president spoke about the new economic trouble in detail for the first time since a report late last week showed job growth had slowed sharply in May. He tried to reassure Americans worried about high unemployment and expensive gas that the nation is on a slow, if not steady, path to recovery.
"I am concerned about the fact that the recovery that we're on is not producing jobs as quickly as I want it to happen," Obama said at an appearance with visiting German Chancellor Angela Merkel. "We don't yet know whether this is a one-month episode or a longer trend."
(Excerpt) Read more at news.yahoo.com ...
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And enough stimulus money to spend on his 2012 campaign.
| The anomaly of the current recession is the anomaly of Zer0's political philosophy and worldview. Obama never intended to 'deliver.' Obama intended to redistribute wealth and punish successful people. |
Obama: mission accomplished!
Obama dances a jig in the hallways of the Whitehouse.
The Secret Service has been sworn to never reveal the many times Obama laughs at Americas problems.
Think I am overly dramatizing this?
His only concern is that there is a troublemaker in a big bus trying to save America and making him look bad.
On what hole at the golf course did this happen????
Fox just reported that Obozo in no longer receiving his daily briefings about the economy.
That says it all. Now they KNOW he’s too stupid to understand what his idiots are trying to explain to him.
One of the Yahoo comments:
“The recession has hit everybody really hard...
My neighbor got a pre-declined credit card in the mail.
Wives are having sex with their husbands because they can’t afford batteries.
CEO’s are now playing miniature golf.
Exxon-Mobil laid off 25 Congressmen.
I saw a Mormon with only one wife.
If the bank returns your check marked “Insufficient Funds,” you call them and ask if they meant you or them.
McDonald’s is selling the 1/4 ouncer.
Angelina Jolie adopted a child from America.
Parents in Beverly Hills fired their nannies and learned their children’s names.
My cousin had an exorcism but couldn’t afford to pay for it, and they re-possessed her!
A truckload of Americans was caught sneaking into Mexico.
A picture is now only worth 200 words.
When Bill and Hillary travel together, they now have to share a room.
The Treasure Island casino in Las Vegas is now managed by Somali pirates.
Bordellos are now offering free continental breakfast on an overnight.
I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call center in Pakistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck.”
“...where the hell did the money go”
Dial 1-800-GOLDMANSACHS...
Please!
Which will it be, QE3 or 4?
1. Aggressively audit every Federal, state and local government agency and used the audit results to start cutting down the size of government--agency size and regulations--by 30% initially and over 50% in around four years. For example, we need to merge Social Security, Medicare and other social services into a singular Department and potentially save over US$400 billion per year off the Federal budget.
2. Massively overhaul our income tax system to reduce compliance cost and to encourage American residents and businesses to keep their savings and capital investments in the USA. The flat income tax plan proposed by Steve Forbes in a book he wrote in 2005 should be at minimum what tax reform should be, in my humble opinion.
3. Aggressively oversee the financial markets by requiring real liquidity backing for hedge funds, derivatives, and other "new"-style investments (or ban them outright as financially too risky), increasing the minimum margin requirements (MMR) for futures trading to 20% (and require the buyer take 40% physical delivery of goods bought on the futures market), and re-imposing the Glass-Steagall Act to "firewall" bank assets from the ups and downs of the stock market. Too much of the wealth generated nowadays is through the financial markets at the expense of almost everything else in the US economy, in my humble opinion.
He is concerned that we have not crashed completely... ayers promised.
LLS
Expanded entitlements, massive government spending, intrusive regulation, bailouts, redistribution of private sector wealth to public sector parasites, and constant attacks on the private sector didn’t improve economic activity?
Unexpected.
“That article has 123,706 comments on Yahoo. I wonder what the record is.”
The comments have been attached to several economic stories for the past couple of weeks, that is why the count is so high. However, if you look at the Newest First you will see that over 90% of these new comments really are negative against Obama and the democrats...rather uplifting really.
So that was why they were so high. I thought that maybe this was a reprint of an article elsewhere, and they had collected comments on other sites. 123k in a few hours seemed rather ridiculous.
All of the articles on “unexpected” economic conditions seem to have been following the same trend — people seem far less willing to blindly accept the official spin.
I have also noticed that on the feral “youths” articles that the comments have been far less “tolerant” of “diversity” than I would have expected. Maybe something is changing (other than the fact that writing in English now requires the generous use of air-quotes).
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