Page 1 of 8 123 ... LastLast
Results 1 to 10 of 73

Thread: White House says economy is sound despite 'mess'

  1. #1
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    White House says economy is sound despite 'mess'

    My Way News - White House says economy is sound despite 'mess'

    WASHINGTON (AP) - The economy is fundamentally sound despite the temporary "mess" it's in, the White House said Sunday in the kind of upbeat assessment that Barack Obama had mocked as a presidential candidate.

    Obama's Democratic allies pleaded for patience with an administration hitting the two-month mark this week, while Republicans said the White House's plans ignore small business and the immediate need to fix what ails the economy. After weeks projecting a dismal outlook on the economy, administration officials - led by the president himself in recent days - swung their rhetoric toward optimism in what became Wall Street's best stretch since November.

    During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, "The fundamentals of our economy are strong." Obama's team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.

    But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC's "Meet the Press" if the fundamentals of the economy were sound, she replied: "Of course they are sound."

    "The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology," she said. "We know that - that temporarily we're in a mess, right? We've seen huge job loss, we've seen very large falls in GDP. So certainly in the short run we're in a - in a bad situation."

    Just a week ago, White House Office of Management and Budget director Peter Orszag declared that "fundamentally, the economy is weak." Days later, Obama told reporters he was confident in the economy.
    I don't even know where to begin here. Outstanding.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  2. #2
    Norville Rogers
    Kernel Sanders's Avatar
    Join Date
    Jul 2008
    Location
    Pittsburgh, PA
    Last Seen
    07-23-12 @ 10:20 PM
    Gender
    Lean
    Undisclosed
    Posts
    3,730

    Re: White House says economy is sound despite 'mess'

    So the fundamentals of the economy are still strong?

  3. #3
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: White House says economy is sound despite 'mess'

    Quote Originally Posted by Kernel Sanders View Post
    So the fundamentals of the economy are still strong?
    All I know is that no matter what, Republicans are always wrong, even if I agree with them.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  4. #4
    Guru

    Join Date
    Jun 2006
    Last Seen
    05-13-11 @ 09:01 PM
    Gender
    Lean
    Independent
    Posts
    4,075
    Blog Entries
    3

    Re: White House says economy is sound despite 'mess'

    I believe his (obama) change of rhetoric has more to do with China's worry about the value of the Treasuries that China holds.

  5. #5
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: White House says economy is sound despite 'mess'

    Quote Originally Posted by Kernel Sanders View Post
    So the fundamentals of the economy are still strong?
    I do recall John McCain being soundly mocked for such a statement... and so did I. Perhaps I should pull it up, then see if the Obamanaughts that mocked myself and the Senator's pronouncement will do the same of their savior. Something tells me that would be a wasted effort, for their love of his eminence has robbed them of the ability to think for themselves nor see their own hypocrisy.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  6. #6
    Conservative Independent
    DarkWizard12's Avatar
    Join Date
    Sep 2007
    Location
    Tyler TX
    Last Seen
    Today @ 01:20 AM
    Gender
    Lean
    Independent
    Posts
    7,562

    Re: White House says economy is sound despite 'mess'

    Quote Originally Posted by MrVicchio View Post
    I do recall John McCain being soundly mocked for such a statement... and so did I. Perhaps I should pull it up, then see if the Obamanaughts that mocked myself and the Senator's pronouncement will do the same of their savior. Something tells me that would be a wasted effort, for their love of his eminence has robbed them of the ability to think for themselves nor see their own hypocrisy.
    This statement should separate the democrat partisan hacks from the real ideologues.

  7. #7
    Why so serious?

    Moon's Avatar
    Join Date
    Jan 2009
    Location
    Washington State
    Last Seen
    Today @ 02:49 AM
    Gender
    Lean
    Conservative
    Posts
    4,291

    Re: White House says economy is sound despite 'mess'

    It's good to know the crisis is over.
    "I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."

    --Albert Einstein, 1929

  8. #8
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: White House says economy is sound despite 'mess'

    Quote Originally Posted by Moon View Post
    It's good to know the crisis is over.
    It's only over until they give health care by force, then the crisis will be begin again.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  9. #9
    Sexual Deviant
    GottaHurt's Avatar
    Join Date
    Jun 2005
    Location
    Florida
    Last Seen
    05-07-09 @ 04:58 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,899

    Re: White House says economy is sound despite 'mess'

    Quote Originally Posted by Harry Guerrilla View Post
    It's only over until they give health care by force, then the crisis will be begin again.
    Not really, because they're going to tax healthcare payments, so that'll smooth everything out.
    Pain can be such a beautiful thing

  10. #10
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: White House says economy is sound despite 'mess'

    Quote Originally Posted by GottaHurt View Post
    Not really, because they're going to tax healthcare payments, so that'll smooth everything out.
    Something a lot of people missed is that if you are laid off, your business has to pay 60% or 65% of your cobra health benefits for a specific period of time.

    Employers are going to look to drop health benefits all together.
    Talk about making a problem just to make a solution.

    (Edit: I can't remember if that was in the stimulus or if it was the budget that just passed.)
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

Page 1 of 8 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •