Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama: No Single Action Can Cure the Economy (Hey America, YOU'VE BEEN PUNKED!)
fox news ^ | 1/31/2009 | ap

Posted on 01/31/2009 6:57:15 AM PST by tobyhill

President Obama said Saturday his administration will outline a new strategy in the coming days for spending billions of federal dollars to pull the nation out of an economic crisis he described as "devastating."

Obama and his top advisers are weighing how to structure the remaining $350 billion that Congress approved last year to save financial institutions and lenders from collapse. The new president also warned there is no single action that would allow his administration to fix the struggling U.S. economy, a stark statement at the end of a week that saw hundreds of thousands of Americans lose their jobs.

"No one bill, no matter how comprehensive, can cure what ails our economy," Obama said in his weekly radio and Internet address. "So just as we jump-start job creation, we must also ensure that markets are stable, credit is flowing and families can stay in their homes."

Obama and his aides spent his first two weeks in power working on the nation's economic troubles. The final three months of last year sent the economy into its worst downhill slide in a quarter-century. The economy stumbled backward at a 3.8 percent pace, government economists said Friday; that rate could accelerate to 5 percent or more this quarter.

(Excerpt) Read more at foxnews.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: bho2009; bho44; bhoeconomy; bhoradioaddress; economy; obama; radioaddress
Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last

1 posted on 01/31/2009 6:57:15 AM PST by tobyhill
[ Post Reply | Private Reply | View Replies]

To: tobyhill

0bama lied, the economy died.


2 posted on 01/31/2009 6:57:51 AM PST by Perdogg (Only the hypnotized never lie)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

What a pantload. Lower tax rates on income and capital gains then step back ...


3 posted on 01/31/2009 6:59:34 AM PST by mgc1122
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

I thought he was going to fix it all ON DAY ONE??!!?


4 posted on 01/31/2009 6:59:37 AM PST by FES0844
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Why do I imagine that his yes men are sitting around saying “So how about we make another speech in Germany?”


5 posted on 01/31/2009 7:00:15 AM PST by Darkwolf377 (Pro-Life American Atheist)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FES0844

Can this guy just SHUT UP! The President is suppose to LIFT the American people...not rip out its HOPE!


6 posted on 01/31/2009 7:00:26 AM PST by Blue Turtle (I)
[ Post Reply | Private Reply | To 4 | View Replies]

To: tobyhill

His picture on Drudge has proven that he is not a “happy Negro”.


7 posted on 01/31/2009 7:00:28 AM PST by primatreat (sickem rush.......bite their butt. But not Zero's... Stinky, as per his children.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg
I'm sure the MSM is getting ready to call Obama out.

(Just thought you would like a morning laugh.)

8 posted on 01/31/2009 7:00:29 AM PST by tobyhill (Obama gets no free pass from Free Republic!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

So the “messiah” can’t fix a little thing like the economy? Where is our salvation? /sarc


9 posted on 01/31/2009 7:01:11 AM PST by Need4Truth (...the borrower is servant to the lender. Prov. 22:7)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
So far the Obama/Pelosi/Reid stimulus bill is one giant appropriations bill stuffed with every socialist agenda they've had wet dreams over for decades.

Nationalize the banking, nationalize health care, cut the military by 20%, global warming BS, finance acorn so all future elections will buy a democrat,... Feel free to add to the list.

10 posted on 01/31/2009 7:11:07 AM PST by poobear (a 2-iron is best for killing Cottonmouths, Copperheads, and Water Moccasins...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

11 posted on 01/31/2009 7:11:50 AM PST by libs_kma (F.U.B.O.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Umm, err, ahh, ummm, ahh, Odummer is wrong. Lower taxes, kill the Porkulus.


12 posted on 01/31/2009 7:13:00 AM PST by Tarpon (America's first principles, freedom, liberty, market economy and self-reliance will never fail.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
"No one bill, no matter how comprehensive, can cure what ails our economy," Obama said"

Translation: The "stimulus" is going to fail miserably, so don't have any real expectations.

13 posted on 01/31/2009 7:13:49 AM PST by libs_kma (F.U.B.O.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: poobear
... all future elections will buy a democrat ...

Now you've hit on the true purpose of the "stimulus" bill. It isn't to stimulate the economy, it is to stimulate the electability of 'Rats. Think anyone in the media will pick up on it? Me neither.

14 posted on 01/31/2009 7:14:22 AM PST by chimera
[ Post Reply | Private Reply | To 10 | View Replies]

To: primatreat
His picture on Drudge has proven that he is not a “happy Negro”."


15 posted on 01/31/2009 7:16:41 AM PST by blam
[ Post Reply | Private Reply | To 7 | View Replies]

To: libs_kma
Here's another part of the translation: Obama, “I have no idea what I'm doing but I need Republican cover when it fails to do what I promised”.
16 posted on 01/31/2009 7:16:48 AM PST by tobyhill (Obama gets no free pass from Free Republic!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: tobyhill

More failed policies of the Obama administration!


17 posted on 01/31/2009 7:17:42 AM PST by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: libs_kma
Gee never so this one comming...The Messiah, with no experience running anything gets elected on hope and change and once in office does nothing but tell us each day that things are so bad there is no hope that he can change anything anytime soon!

Wow, what an uplifting, inspiring leader.

18 posted on 01/31/2009 7:20:00 AM PST by marlon
[ Post Reply | Private Reply | To 13 | View Replies]

To: blam

He needs to move that bust of Lincoln. It looks either critical of Obama, or very sad.


19 posted on 01/31/2009 7:20:55 AM PST by popdonnelly (The problem with Obama is that he believes his own hype.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: FES0844

The only reason he won is because he was going to fix the economy. Looks like the hope and change voters have been snookered.


20 posted on 01/31/2009 7:22:16 AM PST by jersey117
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson