Obama: Economic Crisis 'Not As Bad Ae We Think'

Discussion in 'Economy' started by Freemason, Mar 12, 2009.

  1. Freemason
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    Freemason What the Dormouse Said

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    WASHINGTON (AP) - 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.

    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.

    Obama: Economic crisis 'not as bad as we think'


    Why would the president cause all this confusion. One day it's the sky is falling and now this. He needs to be a leader.
     
  2. Burp
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    Burp Always carry, never tell

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    He's the same guy that said not to worry about the ups and downs in the stock market right?
     
  3. Freemason
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    Freemason What the Dormouse Said

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  4. Burp
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    Burp Always carry, never tell

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    Right.

    He's has another party to plan at the White House.
     
  5. WillowTree
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    WillowTree Diamond Member

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    :wtf:


    now really, is there anybody here who thinks we ought to believe this guy?
     
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  6. txlonghorn
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    txlonghorn Senior Member

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    Well, you can bet there's a bunch out there that will believe ANYTHING he says. And you have to admit, he's pretty smart. Because now he can negate any panic speak he may have been accused of. Of course, what I haven't heard him say lately is in connection with oil prices as we head into warmer months. I wonder how long it will be before we're back at $4 a gallon?
     
  7. Old Rocks
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    Old Rocks Diamond Member

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    Well, I haven't seen any meeting on Energy where the list of the people attending the meetings are a state secret.
     
  8. wimpy77
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    wimpy77 Member

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    boone picken believes and also other analyst think we will $80 a barrel before labor day.
     
  9. mash107
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    mash107 Active Member

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    Sounds like, "The foundation of this economy is strong....."

    Who are these people kidding?
     
  10. Old Rocks
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    Old Rocks Diamond Member

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    No, I think it is more along the lines of "The only thing that we have to fear, is fear itself".
    Bush and the rest knew that we were in trouble. They were hoping to put off the day of reckoning untill after the election.
     

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