Obama: We're Not In Danger of Another Recession

National Journal ^ | 8/17/11 | National Journal staff

[Nachum]

President Obama countered many Wall Street analysts, saying on Wednesday that the U.S. is not going to have another recession.

"I don't think we're in danger of another recession," Obama told CBS News. Obama did note that the recovery has not been fast enough, blaming the Arab spring, high gas prices, and March's earthquake and tsunami in Japan.

Obama said the volatility in the markets recently has been due to a lack of economic growth.

"The markets were reacting to the economy not growing as quick as it used to," he said.

[Brilliant]

Looks like he’s determined to lose those jobs he “saved” afterall.

[chris_bdba]

I guess not since we are knee deep in the first one that has never ended....

[mylife]

Some fudged .4% and .1% growth numbers for two quarters doesn’t mean the first recession ever ended!

[Jack Hammer]

Of course not, you effing idiot - we haven’t gotten out of THIS one yet!!!

[TChad]

"There are no American infidels in Baghdad. Never!"

"Our initial assessment is that they will all die"

"I blame Al-Jazeera - they are marketing for the Americans!"

"They're coming to surrender or be burned in their tanks."

"No I am not scared, and neither should you be!"

"Be assured. Baghdad is safe, protected"

"We are not afraid of the Americans. Allah has condemned them. They are stupid. They are stupid" (dramatic pause) "and they are condemned."

Quotes and photo from http://www.welovetheiraqiinformationminister.com

[NonValueAdded]

ya mean beyond the one we’re in???

[Henry Hnyellar]

He has a good track record on predictions. Remember his one on unemployment not going over 8%?

[tet68]

Obama did note that the recovery has not been fast enough, blaming the Arab spring, high gas prices, and March’s earthquake and tsunami in Japan, falling bee populations,
lunar eclipses, low CAFE standards, ATMs, rising hem lines, Republicans, tea party terrorists, flat feet, dog breath,
not enough taxes, taxpayers not paying “their fair share”
micro wave popcorn, etc.

[Freddd]

The economy contracted in both May and June and has shrunk now in four of the past six months. That’s pretty recessionary. Oh nevermind, Obama ate Ice cream yesterday!

[BobP]

A nanny state is not sustainable.

Obama's stimulus put unions ahead of a healthy economy. He placated the unions and torpedoed the private sector.

The government is growing at 8 percent per year, with numerious unelected czars and departments working to do Zer0's bidding -- writing regulation after regulation.

The Phony Express

  Barack's working hard for the nation
  And he needs another vacation
  Some golf would be nice
  And the pie he'll have twice
  As we endure
  This reeking Obamanation

Countdown until Obama leaves Office: 521 days as of August 17, 2011.