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Shaky Economy May Dislodge Obama's Footing

hypocritexposer

Well-known member
Remember when some on PB asked if rushing the Stimulus was a good idea, without having all the information?

Shaky Economy May Dislodge Obama's Footing
Washpost ^ | 07/07/09 | Dan Balz

Nothing may be more important to public assessments of President Obama's leadership than the state of the economy and at this point there are political warning lights flashing....

The administration is trying to dampen down talk that they didn't get it quite right. Vice President Biden opened the door to questions on Sunday, telling ABC's George Stephanopoulos, "We and everyone else misread the economy." But he insisted that the stimulus applied "is the right package given the circumstances we're in"

Obama, in Moscow, tried to modulate the impact of the vice president's words that the administration had somehow miscalculated. "No, no, no, no, no," he told NBC's Chuck Todd. "Rather than say misread, we had incomplete information."

What both Obama and Biden were trying to explain away was the dissonance between their early assurances that the big stimulus package would hold the unemployment rate to around 8 percent with Thursday's report showing it at 9.5 percent. The jobless rate is expected to rise further in the months to come...
 

Sandhusker

Well-known member
So he had "incomplete information" (undoubtably Bush's fault again), but yet he still went as damn fast as he could spending more money than the previous 43 guys - without even bothering to read the flipping thing. (On the heels of a campaign where he chided the previous administration for deficit spending)

Can we please end amateur hour now? Please?
 
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