Obama advisors: Um, it might take five years to solve our economic problems

posted at 6:05 pm on November 21, 2008 by Allahpundit

Via Breitbart, let the halo removal begin. I wonder, who’s going to be the one to tell Peggy Joseph that she might have to worry about paying her mortgage after all?

Hey, Bob? If things still look grim three and a half years from now, rest assured, you won’t have to worry about solving those problems anymore.


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The left is already getting a little rattled with him and he hasn’t been sworn in yet. He doesn’t have 5 years no matter how much he wants to tamp down expectations. He’ll get his first wake up call in 2010. This is Clinton Redux complete with the midterm shakeup, I can feel it.

msmveritas on November 21, 2008 at 9:09 PM

“BUT WE WANT FIXES NOW!!!” – The HotAir readership

Hey, remember when you guys blamed Obama for the economic downturn when Bush is, in fact, still President? And remember how you guys didn’t mention it today when the stocks rallied after Obama’s announcement of Treasury Secretary? Good times.

Nonfactor on November 21, 2008 at 8:22 PM

Well, first of all, the daily flucuations are less of an indicator than the overall trend since Nov 5. I think even the densest, most cultlike follower of obama would have to realize that the markets lost a boatload of value since Nov 5. Where are we today?? Somewhere around 8000 for the dow. The dow was at 9600 on Nov 4. You can attribute a good part of the slide from Nov 4 through today to obama’s election.

The markets like stability. They don’t like a guy with marxist roots, who hangs with marxists, who said he would put flaming liberals on SCOTUS and Federal courts, Who wants to “spread the wealth” , who wants to raise taxes on those who provide the jobs, who will run up our debt with massive giveaways.

So nonfactor.. Yep, Bush is president but that is NOT what the markets are reacting to. They are reacting to Mr. “143 days of voting present”.

bullseye on November 21, 2008 at 9:18 PM

We have to be careful to not expect too much from the new president. The most we can expect is for the president and a few hundred Washington insiders to come away a whole lot richer.

snaggletoothie on November 21, 2008 at 9:42 PM

Obama advisors: Um, it might take five years to solve our economic problems

And that is five years AFTER we get rid of the 0bama -Reid & Pelosi cabal….

No, Change that. It will take fifteen years to fix four years of the Leftist Fools Cabal.

LegendHasIt on November 21, 2008 at 10:26 PM

The RNC needs to do what it can to do take the leadership on the mess, not just be the party of NO. Run the campaign that McCain should have run.

* Cap gains elimination (compromise to something if necessary)
* Reduced corporate taxes for companies that reasonably control golden parachutes, excessive exec pay, etc.
* No more bailouts!
* Any amnesty/immigration bill needs to include English as official language.
* Aggressive energy platform including drill baby drill, make lots of nuclear plants like those in aircraft carriers (provide to other countries if a good option) that can easily be installed around the nation, natural gas, clean coal, Shale, renewables, etc, etc.

AKA be strongly and identifiably for something — no excuses.

droofus on November 21, 2008 at 11:43 PM

Obama advisers: Um, it might take five years to solve our economic problems

Hmm, I seem to remember George W. Bush telling America that the War on Terror was going to take a very long time. But the Democrats started complaining after only two years. Then came the moaning because the Iraq War lasted longer than WWII.

So, by their own measurements, the economy cannot take more than four years to fix. Otherwise it will have “dragged on too long” and taken “longer than WWII.” That will mean that the Obama administration is a “miserable failure.”

Hey, they’re the ones that set the standards.

schmuck281 on November 22, 2008 at 1:06 AM

Sorry, that is not what he promised…it was going to be immediate change.
He had it all worked out, free health care, free mortgage, free child care, free abortions, free everything paid for by the wealthy…well not the wealthy, their taxes weren’t changing, but the ones that were becoming wealthy.

right2bright on November 22, 2008 at 1:10 AM

Hey, Bob? If things still look grim three and a half years from now, rest assured, you won’t have to worry about solving those problems anymore.

That’s right, baby. The American voter is not known for being patient. If there is not substantial improvement in our economic outlook in the next 3 years, Obama is a one-term wonder, just like his buddy Jimmy Carter. And since Obama is probably going to implement the same type of idiotic policies that Carter did, a substantial improvement in 3 years seems highly unlikely.

AZCoyote on November 22, 2008 at 7:59 AM

schmuck:

Spare me. I have been listening to Obama make promises for two years. This is the first time I have heard about 5 years.

And you know what? The Democrats have been running Congress for two years. Care to look at the economic news from late 2006 and compare it to today?

Terrye on November 22, 2008 at 9:36 AM

Robert Reich is to the economy what Chevy Chase is to film.

jaleach on November 21, 2008 at 6:21 PM

Comment of the day.

chunderroad on November 22, 2008 at 11:00 AM

We could recover in 5 years if the government provides minimal interference. With these guys, figure 15 years and then let the Real Antichirst arise and temporally pull the world out of the depression before the Great Tribulation begins(begining God’s final solution to liberalism and other sin)

CertainVictory on November 22, 2008 at 11:30 AM

Anyone else notice Obama’s camp only consistency now that they have won is to lessen expectations ?

Jamson64 on November 22, 2008 at 4:17 PM

Let us think about implementing a new plan that will work much better at correcting the economic slide.

Currently the U.S. government wants to give $700 Billion to companies facing bankruptcy (making a bad product or giving too much to politicians) is nothing more that a thank you for the money from politicians.

If the government has that kind of money to waste then let’s do it right. Let’s make real progress.

The population of the U.S. is approximately 265 million. Give each citizen a one time payment $1,000,000 with instructions to pay off all of their debt, to invest any that remains, and clearly state that there is no more.

To avoid another run up everyone’s credit score is zeroed and based on their new spending habits. Also, those that extend credit have the ability to control who and how much they provide and they must practice responsible lending and teaching their customers how to do it wisely. If they continue to be irresponsible the credit card companies must.

The bottom line – is giving money to companies that are having trouble due to mismanagement make great political sense. Just think $700 billion to a few or $2.650 billion to help every citizen get back on their feet and start fresh. This is practicing sound economics and fiscal responsibility of the public’s money.

MSGTAS on November 23, 2008 at 9:06 AM

Damn…he’s only gonna be around for 4 of those years!

kcluva on November 23, 2008 at 11:41 AM

The ideology of Reagan does not fall away easily.

That’s right, baby. The American voter is not known for being patient. If there is not substantial improvement in our economic outlook in the next 3 years, Obama is a one-term wonder, just like his buddy Jimmy Carter. And since Obama is probably going to implement the same type of idiotic policies that Carter did, a substantial improvement in 3 years seems highly unlikely.

One problem: Reaganism got us into this mess.

sethstorm on November 24, 2008 at 1:00 AM

It’s going to be a scarey 4 years (at least two anyway) with the Democrats running the federal government. Obama is already up against his own party in selecting his cabinet. Apparently he is choosing some people like Hillary who will do the right thing. I can’t wait to see what happens on Jan 21, 2009.

In two years the dems will start being defeated for reelection in the House and Senate. In 4 years the Dems will lose the White House as well. That’s if the Republicans stop screwing up. Since 1994…the Republicans have squandered their legacy and proven to be as flawed as the Democrats. It’s time to turn that around and find a real Republican to lead the party.

kanda on November 24, 2008 at 7:15 AM

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