Posted on 01/31/2013 5:15:15 AM PST by John W
WASHINGTON (AP) — Just as President Barack Obama is pushing new initiatives on gun control and immigration, the gloomy old problem of a sluggish economy is elbowing its way back into prominence. Consumer confidence is falling, the economy is contracting and large automatic spending cuts are threatening to hit the Pentagon and other programs, with uncertain consequences.
These troubles arise as Obama's public approval is improving and as he begins to use his sway to promote the key features of his second-term agenda. The White House, the Federal Reserve and independent economists attributed the shrinkage in gross domestic product and the drop in consumer confidence to one-time events and said underlying economic factors were still showing encouraging signs.
But in politics, power resides in the moment. Any immediate economic setback — or the perception of one — could weaken Obama's clout or at least distract him as he carefully tries to put his imprint on initiatives dealing with immigration and gun violence.
(Excerpt) Read more at news.yahoo.com ...
Trying to recall, were these supposed “key features of his second-term agenda” even campaign issues of any consequence?
It’s sickening.
The assumption has been that we’ve been in a “recovery” since summer of 2009.
JUST BECAUSE OBAMA SAID WE WERE.
And the sycophantic media, ever since, has just operated based on that ASSumption.
So, they’re “surprised” when the reality becomes unhideable - the economy has NEVER RECOVERED, and WILL NOT EVER RECOVER while this guy and the dems have power.
We deserve every miserable thing we get.
The “jitters” can get only worse. $16 trillion in Federal debt, trillions more of state debts, continued deficit spending of $3 billion a day, a debased currency, $100 trillion in unfunded entitlements and an anti capitalist, economy contracting EPA/Federal bureaucracy spewing forth endless regulations. The Obama clown parade ,like all left wing bizarre governments will eventually collapse. Republicans need to play good defense, attack occasionally and be ready to romp in the fourth quarter.
another MSM shill too dense to realize that the gun control and immigration flaps were timed PRECISELY to DISTRACT us from the cratering economy.
That, and they can blame the economy (and Bush) when gun control goes down in flames.
+1, FRiend.
He's focused like a laser on ramming his agenda through in the next 6 months. After that, he'll be at the golf course for the last 3 1/2 years of his presidency. He doesn't care about the economy...who can ever forget these immortal words from June 8, 2012?
"The private sector is doing fine."
Rush referred to the “whipsaw” that’s going on to keep us off balance and unfocussed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.