White House dampens stimulus expectations
WASHINGTON (Reuters)- President Barack Obama's aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually."I don't think there's any doubt that we've seen this economy has gotten worse just in the last few months. The acceleration in job loss probably means that this economy is going to get worse before it gets better," he said.
Obama himself said last week that if he failed to heal the economy, he would be out of a job by 2012, when he faces re-election.I find it funny that we "must" pass the stimulus bill immediately even though it won't supposedly have an effect for months.Obama faces a new potential flashpoint next week when two Detroit automakers, General Motors Corp and Chrysler LLC, must reach agreements with the United Auto Workers labor union to restructure themselves.
Talks between GM and the union broke down on Saturday. Chrysler's negotiations with the UAW are also deadlocked.
Axelrod made it clear the White House would not intervene in the situation until after Tuesday.
So much for catastrophe.
I think Obama is going to capitalize on the economy turning itself around.
I think he knows that is how it works as well.
Republicans better watch out because chances are good it will, whether are not the stimulus was passed.
My predictions for our next election at the moment is Obama wins.