Obama: Full Economic Recovery 'A Ways Off' (I thought the Stimulus was working)

CNBC ^ | 7/10/2009 | Staff

[Red in Blue PA]

President Barack Obama said Friday the world apparently has averted economic collapse but "full recovery is still a ways off."

Obama, speaking at the end of the Group of Eight summit of major economic powers, said world leaders had taken significant measures to address economic, environmental and global security issues.

He cited a "widespread consensus we must continue our work to restore economic growth and restore our financial regulatory systems."

Obama noted, however, that the leaders failed to agree on all issues, including global warming. "We have not solved all our problems," he said.

Those problems include international security.

[Mouton]

This buffoon is so far out of the mainstream to be mortally dangerous to the US.

[Ghost of Philip Marlowe]

Whenever the totalitarian dolt John Keynes is proved wrong, the defense is always the same:

“That's because you didn't spend enough!! Spend MORE and it WILL WORK!!”

Stop robbing from the producers. Cut the debt and end deficit spending. Then we will see true recovery.

[Diana in Wisconsin]

Solved our problems? You and Big Government CREATED most of them!

What a clueless poser.

[ohhhh]

(President Barack Obama said Friday the world apparently has averted economic collapse but “full recovery is still a ways off.”)

The left and rinos of America are such shameless liars and thieves though that does not excuse the foolishness of those who voted for them.

[Neverforget01]

Obama noted, however, that the leaders failed to agree on all issues, including global warming. "We have not solved all our problems," he said

In other words, despite throwing the United States under the bus, no other country was giving an inch.

[maggief]

What happened to that “robust” economic growth?

[Red in Blue PA]

Or the “green shoots”?

[SoFloFreeper]

About 3.5 years, doofus.

[Red in Blue PA]

[maggief]

And “glimmers of hope?”

[madameguinot]

How many of you out there have large green (blue?) road side signs that say something to the effect: This Project is part of the American Recovery and Reinvestment Act.

I have been watching our stretch of road in Springfield, IL with that signage. It has been there since at least May, and I have seen no workers, no construction ,no nothin.

[silverleaf]

Ironic that he/we by proxy are now to the “left” of the rest of the world. It may be Asia and Europe that save our economy.

[Le Chien Rouge]

Obama: Full Economic Recovery ‘A Ways Off’:

Could be translated into many messages:

1) GW Bush’s fault
2) I(Obama) inherited a mess
3) One has to break many eggs before creating a successful omelet.
4) Socialism cannot work until capitalism is destroyed.
5) Spreading the wealth will lift all boats
6) Help me Bill Ayers, your my only hope
7) Biden keeps hamstringing me
8) Economics was not a required course at Columbia
9) FOX news is distracting me(Obama)
10) Cloward Piven takes time to work

[chiefqc]

Why anyone believes ANYTHING he says is beyond me, he has not spoken a word of truth since who knows when.

[Oldeconomybuyer]

Obama noted, however, that the leaders failed ...

And you, Mr. President, are the biggest FAILURE of all.

[blam]

"I have been watching our stretch of road in Springfield, IL with that signage. It has been there since at least May, and I have seen no workers, no construction ,no nothin."

Watch it when it gets closer to the 2010 election...that's Democrat campaign funds donated by the taxpayers.

[madameguinot]

Good point! Thanks.

[Beagle8U]

We need to hammer the RATS with the fact that they have controlled congress, and the economy, since 2006!

We can't let them get away with saying they have only been in charge for 5 months!

[ClearCase_guy]

So far, one of the principal beneficiaries of the Stimulus has been the road sign industry. Most of the jobs which Obama has created or preserved are right there.