This is something many of us predicted. All of a sudden Obama declares the economy is not as dire as feared. I just thought he would wait long enough to believably give credit to the stimulus bill.
Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is "not as bad as we think" and his plans will speed recovery.So after declaring a catastrophe that we might never be able to recover from, and driving the market down to basement levels, and scaring the public into swallowing a record spendulus bill that will cost their children and grandchildren dearly and accepting government takeover of additional parts of the private sector he gets all Emily Litella on us. "Never mind."Challenged to provide encouragement as the nation's "confidence builder in chief," Obama said Americans shouldn't be whipsawed by bursts of either bad or good news and he was "highly optimistic" about the long term.
The president's proposals for major health care, energy and education changes in the midst of economic hard times faced skepticism from both Democrats and Republicans on Capitol Hill, as senators questioned his budget outlook and the deficits it envisions in the middle of the next decade.
But Obama, speaking to top executives of the Business Roundtable, expressed an optimistic vision and called for patience.
Richard Parsons, chairman of beleaguered Citigroup Inc., asked if Obama could offer some help in a national battle "between confidence and fear."
"A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we're down on the dumps," Obama said. "And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment."
"I don't think things are ever as good as they say, or ever as bad as they say," Obama added. "Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They're not as bad as we think they are now."
Most of us knew exactly what was going on. He talked down the economy and talked up the crisis for several reasons:
-- to create an atmosphere that would allow the spendulus bill to be passed
-- to build up the crisis to fever pitch so that it could fully be taken advantage of in an effort to pass more big government legislation like healthcare
-- to create the impression that the economy is absolutely as bad as it could possibly be so that when any progress was seen it would be viewed as a recovery in comparison and that any recovery would be hailed as nothing short of miraculous, no matter how anemic
This strategy was calculated. It was deceitful. It was manipulative. It was opportunistic. It was un-presidential. And unless tax paying American citizens speak up it will be effective. The media that downplayed, and sometimes just completely ignored, good economic news during the Bush years, will do the opposite for the Obamessiah. I don't know if Americans will fall for it or not. I don't think the American people are that stupid, but I worry that they may be that uninformed and uninterested.
The Republicans who stood in unity and opposition to the Generational Theft Act of 2009 (aka Spendulus) are to be applauded. The three senators who drank the Obama Kool Aid can now officially be recognized as the suckers they are. And just think, the Obama administration did all this in less than two months in office and still had time to insult our closest ally. I don't even want to contemplate what might happen over the next two to four years. I guess it all depends on whether or not people realize they've been duped in time.






Comments (20)
Who were three Rethuglican ... (Below threshold)1. Posted by 914 | March 12, 2009 8:17 PM | Score: 4 (4 votes cast)
Who were three Rethuglican benedict arnolds? Was it Snowejob,vodka Collins and Arlen Spincter? If they are responsible for all this they should be publicly humiliated right here....They are Democrats! There, thats a pretty debasing thing to be called.
1. Posted by 914 | March 12, 2009 8:17 PM |
Score: 4 (4 votes cast)
Posted on March 12, 2009 20:17
2. Posted by steve sturm | March 12, 2009 8:27 PM | Score: 4 (4 votes cast)
And I'm not holding my breath waiting for a GOP officeholder to blast Obama for this.
2. Posted by steve sturm | March 12, 2009 8:27 PM |
Score: 4 (4 votes cast)
Posted on March 12, 2009 20:27
3. Posted by GarandFan | March 12, 2009 8:35 PM | Score: 6 (6 votes cast)
Lorie, the best is yet to come. You can look forward to more 'gloom and doom' from Mr Optimist. He has yet to pass health care, education and energy 'reform' policies. After all, these are the "pillars" of the new society. WE MUST PASS THESE BILLS! It's an EMERGENCY! THE ECONOMY WILL FAIL LESS WENT IMPLEMENT THESE CHANGES!
Oh, and by the way, "Dissent is not patriotic" (anymore).
3. Posted by GarandFan | March 12, 2009 8:35 PM |
Score: 6 (6 votes cast)
Posted on March 12, 2009 20:35
4. Posted by joe | March 12, 2009 8:40 PM | Score: 5 (5 votes cast)
Obama cracks me up! I've never laughed out loud because of ridiculous statements made by a president. This guy is hilarious!! I was in stitches yesterday after the "I am signing an imperfect omnibus bill...and this piece of legislation must mark the end of the old way of doing business". Classic!! And today he killed again!!! I love this!! The "crisis" "not at bad as we think"!!! That's Gold !!
I hope he visits a comedy club near me soon !!!
4. Posted by joe | March 12, 2009 8:40 PM |
Score: 5 (5 votes cast)
Posted on March 12, 2009 20:40
5. Posted by retired military | March 12, 2009 8:50 PM | Score: 6 (6 votes cast)
914
"Was it Snowejob,vodka Collins and Arlen Spincter?"
Isnt that Clueless Collins, Spineless Spectre, and Stupid Snowe?
5. Posted by retired military | March 12, 2009 8:50 PM |
Score: 6 (6 votes cast)
Posted on March 12, 2009 20:50
6. Posted by Jason | March 12, 2009 9:02 PM | Score: 6 (6 votes cast)
Obama has already lost a lot of credibility. His disapproval ratinigs have risen and his approval ratings have dropped. He sends contradictory messages all the time. He can't get away with that forever.
http://www.rightklik.net/
6. Posted by Jason | March 12, 2009 9:02 PM |
Score: 6 (6 votes cast)
Posted on March 12, 2009 21:02
7. Posted by retired military | March 12, 2009 9:10 PM | Score: 8 (8 votes cast)
Any bets on whether he will have a full cabinet in place by say Jan?
7. Posted by retired military | March 12, 2009 9:10 PM |
Score: 8 (8 votes cast)
Posted on March 12, 2009 21:10
8. Posted by TOhio | March 12, 2009 9:15 PM | Score: 6 (6 votes cast)
Lori, I completely agree with your assessment. Obama's backtracking now is probably because big money Democrats like Buffet have gotten to him.
Obama, the three traitorous Republican Senators, Pelosi, Reid, and all the Democrats who passed the Porkulus bill should have to pay with their jobs!
8. Posted by TOhio | March 12, 2009 9:15 PM |
Score: 6 (6 votes cast)
Posted on March 12, 2009 21:15
9. Posted by epador | March 12, 2009 9:15 PM | Score: 4 (4 votes cast)
You mean there really was no Withering Media Deconstruction?
9. Posted by epador | March 12, 2009 9:15 PM |
Score: 4 (4 votes cast)
Posted on March 12, 2009 21:15
10. Posted by Mac Lorry | March 12, 2009 9:20 PM | Score: 8 (8 votes cast)
So Obama admits the economy he inherited was not as bad as he said it was. That means it should be recovered before the 2010 elections, right? After all, Obama's tax increases go into effect in 2011 and only a complete idiot would raise taxes in a recession.
10. Posted by Mac Lorry | March 12, 2009 9:20 PM |
Score: 8 (8 votes cast)
Posted on March 12, 2009 21:20
11. Posted by GarandFan | March 12, 2009 9:38 PM | Score: 4 (4 votes cast)
Not to rattle their cage, but where are Obama's defenders on this? I'd like to hear their defense, other than "It's all Bush's fault" or "Well, remember what Bush did in 2___", or the every popular "Well the Republicans ________".
...........crickets chirping.................
Guess it's hard to defend your leader when he talks out of all sides of his mouth.
11. Posted by GarandFan | March 12, 2009 9:38 PM |
Score: 4 (4 votes cast)
Posted on March 12, 2009 21:38
12. Posted by Aubrey | March 12, 2009 9:56 PM | Score: 2 (2 votes cast)
Never mind.
Emily Litella.
12. Posted by Aubrey | March 12, 2009 9:56 PM |
Score: 2 (2 votes cast)
Posted on March 12, 2009 21:56
13. Posted by 914 | March 12, 2009 10:11 PM | Score: 3 (3 votes cast)
Retired Military
Yeah them 3 stooges probably had something to do with it too.
13. Posted by 914 | March 12, 2009 10:11 PM |
Score: 3 (3 votes cast)
Posted on March 12, 2009 22:11
14. Posted by SCMtns66 | March 12, 2009 10:19 PM | Score: 4 (4 votes cast)
"Unprepared to be the First, RUSHING to be the Worst!"
14. Posted by SCMtns66 | March 12, 2009 10:19 PM |
Score: 4 (4 votes cast)
Posted on March 12, 2009 22:19
15. Posted by mike | March 12, 2009 10:21 PM | Score: 0 (0 votes cast)
"This strategy was calculated. It was deceitful. It was manipulative. It was opportunistic. It was un-presidential. And unless tax paying American citizens speak up it will be effective."
It's already worked. Unless we speak up? And say what? Accomplishing what?
Way way way way way late for all that.
Read your tea leaves baby. Bricks and bats is what it's coming down to. This will be fought out. Literally.
And whose fault is it? People like you more than any. You've got a voice and you've wasted it being nice while people of malicious character have been destroying the place for years now.
15. Posted by mike | March 12, 2009 10:21 PM |
Score: 0 (0 votes cast)
Posted on March 12, 2009 22:21
16. Posted by John | March 12, 2009 11:53 PM | Score: 1 (1 votes cast)
Just today Bernie Madoff got sent to jail for a ponzi scheme. I cannot help but think Obama is doing the EXACT same thing...
16. Posted by John | March 12, 2009 11:53 PM |
Score: 1 (1 votes cast)
Posted on March 12, 2009 23:53
17. Posted by OD
| March 13, 2009 7:26 AM | Score: -1 (5 votes cast)
Maybe you should all listened to Obama a week ago and bought some stocks.
On March 3rd he said the stocks look good to buy. Since then S&P 500 is up almost 8%. Instead, you spent a week whining, bitching, and moaning.
BTW, have you found those weapons of mass destruction in Iraq yet ?
17. Posted by OD
| March 13, 2009 7:26 AM |
Score: -1 (5 votes cast)
Posted on March 13, 2009 07:26
18. Posted by Falze | March 13, 2009 8:50 AM | Score: 0 (0 votes cast)
OD, I believe you typed that wrong...you should be OT for "off topic". Or even Overt Troll. Either is fine.
18. Posted by Falze | March 13, 2009 8:50 AM |
Score: 0 (0 votes cast)
Posted on March 13, 2009 08:50
19. Posted by 914 | March 13, 2009 8:53 AM | Score: 0 (0 votes cast)
No ODor the military already took care of that problem..But Im sure if You try really hard You can find Your tin hat and troll badge right next to Your Hamas training manual.
19. Posted by 914 | March 13, 2009 8:53 AM |
Score: 0 (0 votes cast)
Posted on March 13, 2009 08:53
20. Posted by Falze | March 13, 2009 8:59 AM | Score: 0 (0 votes cast)
"They're not as bad as we think they are now."
If he believes THAT, then why did he say THESE:
"Americans know that our economic recovery will take years -- not months." - Jan 31.
"I will tell you in terms of what is alarming right now is how fast the economy has been deteriorating...It keeps me up at night and it gets me up." - Feb 3.
"If we do not move swiftly to sign the American Recovery and Reinvestment Act into law, an economy that is already in crisis will be faced with catastrophe." - Feb 5. (what he meant was that he had to move extremely slowly to Denver to sign it)
"If we drag our feet and fail to act, this crisis will turn into a catastrophe. We'll continue to get devastating job reports like today's month after month, year after year." - Feb 6.
"And our nation will sink into a crisis that at some point we may be unable to reverse." - Feb 9.
"...this is not your ordinary, run-of-the-mill recession. We are going through the worst economic crisis since the Great Depression." - Feb 9.
"My administration inherited a deficit of over $1 trillion, but because we also inherited the most profound economic emergency since the Great Depression...Those are deficits that could turn a crisis into a catastrophe." - Feb 9. (of course he voted FOR the budgets that gave us the previous deficit and then doubled down on that deficit)
"And the fact of the matter is, is that we are in not just an ordinary recession." - Feb 10
"...the greatest economic crisis we've seen in decades." - Feb 20.
"We are in the worst financial crisis since the Great Depression..." - Oct 7.
I think he's run out of sides of his mouth to talk out of, personally.
20. Posted by Falze | March 13, 2009 8:59 AM |
Score: 0 (0 votes cast)
Posted on March 13, 2009 08:59