Obama: Actually, the economy’s not as bad as you think
posted at 8:02 pm on March 12, 2009 by Allahpundit
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I assume this is his way of saying that it won’t be quite as bad as the Great Depression, just almost as bad. Hope, for a Change:
Richard Parsons, chairman of beleaguered Citigroup Inc., asked if Obama could offer some help in a national battle “between confidence and fear.”
“A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we’re down on the dumps,” Obama said. “And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment.”
“I don’t think things are ever as good as they say, or ever as bad as they say,” Obama added. “Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They’re not as bad as we think they are now.”
“And my long-term projections are highly optimistic, if we take care of some of these long-term structural problems.”
Do we get to remind him that he said this the next time he asks for a trillion dollars in spending or is this, like his campaign promise about rejecting signing statements, just more crap that we’re not supposed to take seriously? Exit question: The One says things aren’t as bad as they seem, Specter says they’re even worse than they seem. I don’t trust either of them. Who’s right?
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“And my long-term projections are highly optimistic, if we take care of some of these long-term structural problems.”
Read: nationalize healthcare and impose massive taxation.
moxie_neanderthal on March 12, 2009 at 10:26 PM
Bet your severance pay from your job selling used Corvairs, Yugos, Camels and Yaks on Black.
MB4 on March 12, 2009 at 10:26 PM
Now, if the guy could only keep quiet for just a few more days….
unclesmrgol on March 12, 2009 at 10:27 PM
\ Like with Clinton and Carter, an impossibility.
Johan Klaus on March 12, 2009 at 10:30 PM
I’m sorry, but he’s just a dip$hit.
Oink on March 12, 2009 at 10:32 PM
I thought the buck stopped at Bush, not Obama, Waters, Franks.
unclesmrgol on March 12, 2009 at 10:33 PM
Put your money where your mouth is moron. Go ahead, buy at this level then get back to us in three months.
13blackcats on March 12, 2009 at 10:36 PM
Translation: “I don’t know what the f*ck I’m doing, but I’m doing a lot of it, so SHUT UP! Now where the hell are my smokes?”
hillbillyjim on March 12, 2009 at 10:36 PM
They are all liars. They can’t EVER be trusted. Let’s stop giving them money.
Weight of Glory on March 12, 2009 at 8:08 PM
Already taken care of.
heshtesh on March 12, 2009 at 10:37 PM
Obama: “This evening the sun has set, and tomorrow the sun will rise. I am the object-in chief of all heavenly movement of the spheres.”
onlineanalyst on March 12, 2009 at 10:43 PM
This Ogabe dude needs to take lying lessons from Clintoon–he’s just no good at it!
Jenfidel on March 12, 2009 at 10:56 PM
Two years ago the dems were complaining that it was the worst economy since Herbert Hoover (but they always say that about repub administrations, i wonder why) now things aren’t that bad. mmkay.
eaglewingz08 on March 12, 2009 at 10:57 PM
After three freakin’ days???? You are a putz.
ladyingray on March 12, 2009 at 11:03 PM
A troll is a eunuch with imaginary balls.
But what is a Moby?
Dhuka on March 12, 2009 at 11:08 PM
When is this big dummy going to stop talking about two years ago and start dealing with the here and now? BUSH IS GONE YOU STUPID JERK. Time to start taking responsibility for your actions. I am sooooooo sick of seeing and hearing this moron.
This is going to be one heck of a long four years between him with his pursed lips and her with her oversized masculine arms. She’s the size of a male why not have arms to match? Our country is failing and we’re complimenting her tranny arms. Makes you want to hurl.
UnEasyRider on March 12, 2009 at 11:09 PM
If Obama’s right, can we get our money back? Can we tear up the loan notes? Should we expect to see more governors and banks say No Thanks! to bailout money?
Methinks not. Maybe this whole thing has been orchestrated? The MSMs did the set with their sudden sensationalist journalism (where the heck were those stories on a risky economy in Jun 08?) and Obama with gladhanding us to bear the price and then congress did the spike with the laws to spend the money. Maybe it was all just a ruse to get the money so they can say ‘Well now that we have the money, let’s redistribute!’
jusgottabeme on March 12, 2009 at 11:14 PM
Blue Horse Shoe Loves Anacot Steel.
As soon as the next stimulus passes, the market is going back down again… and really fast.
chunderroad on March 12, 2009 at 11:22 PM
HA! Ok I’m new here but I was JUST thinking something similar. I was wondering if this is some Hot Air plant meant to keep the fires stoked. I never thought about a bot! I’ve seen several call her (her?) a troll, but I thought that everyone meant a left-wing koolaid-drinking troll. She does seem over the top and rather immune to, and glutton for, the abuse rained on her when she spouts this Obamalove.
Has AP ever done a poll on who thinks getalife is a lefty troll, a Hot Air plant or a bot? I’m thinkin…. plant. Yes?
jusgottabeme on March 12, 2009 at 11:26 PM
Specter’s trying to justify his ludicrous vote for spending insanity, 0bama’s trying to avoid losing his “Lightworker” cred so he’s never going to cop to how bad ANYTHING gets under his watch.
So, I’m gonna say Glenn Beck.
SuperCool on March 12, 2009 at 11:26 PM
Obama’s grasp of monetary & fiscal policy is that of a community organizer.
BHO Jonestown on March 12, 2009 at 11:27 PM
Just more crap.
They both are, of course. It’s Washington! They just have different metrics. The President is pleased that it isn’t any worse (yet), and Senator Palpatine just sees his career fading away.
juanito on March 12, 2009 at 11:46 PM
They are both liars, so it doesn’t matter.
Johan Klaus on March 13, 2009 at 12:06 AM
A left-wing troll who hits conservative sites while pretending to be a conservative.
ddrintn on March 13, 2009 at 12:13 AM
Compared to a used fighter jacket with fur donated to charity.
It’s silly.
getalife on March 12, 2009 at 9:42 PMIt’s silly.
http://voices.washingtonpost.com/sleuth/2007/08/bush_bombs_with_bomber_jacket.html
It Doesn’t look used and since Bush had given one to Blair and had a great working relationship with him he was trying to say that even though we only have a year to work together I don’t consider you any less important.
Oh, and the comments has someone refering to the Bush as a chimp and I don’t remember Sharpton complaining about it.
journeyintothewhirlwind on March 13, 2009 at 1:24 AM
I hate to say this but Spector is right. If anthing spector was not telling the whole truth on how bad things are.
If just one major bank or insurance company fails here, in europe or in asia it will start a cascading default that could see a quadtrillion of assets become worthless over night. Let’s just say a quadtrillion is more than the entire world produces in a decade.
On top of that much damage has already been done. 47% of the worlds’ wealth has been wiped out. That has happened in a relative short period of time and Main street has not felt the impaxt of that loss yet. That will hit in the next 2-3 months and twill linger for the next year or two.
Obama choose his words at the proper time. It is a coordinated push to stableize the DOw Jones. Citi came out with somke and mirror numbers Tues, the rating agencies joined the parade today by not downgrading GE as much as feared, now Obama steps up and says some good stuff. the DOw should rally here for awhile as long as their is no defaults. Possible stablize. I would suggest people use this rally to get out of the market. It will take another leg down after Obama gets his budget and healthcare passed.
unseen on March 13, 2009 at 1:26 AM
I assume his buddies need the markets up for a while so they could unload and take a bit of profit
entagor on March 13, 2009 at 4:11 AM
Man people like geaclue have the memory of a gnat. The same thing was being said 3 months ago. Oh look there is a (sucker) rally on Wall St. Everything must be OK. That was when the Dow was at 8500.
We are in a bear market. Every bear market has bear market rallies. And so yeah you’ll have weeks like this week when things will shoot up. Thing is bottoms are not formed like this. You don’t go down 20%, then up 20% right away. You go down 20, up 7, down 10, up 4, down 3 etc. Think of a bungee chord. The bottom is formed when you have a sustained period of flat activity. We have yet to see anything close to that.
And just think what sparked this week’s rally….the CEO of citigroup wrote an email saying things are swell in the banking world after all. Do you really believe that? If you do, go ahead and pour your life savings into C. If you think that’s a load of crap, don’t.
angryed on March 13, 2009 at 4:48 AM
Just a Dick. (Sorry, it was too easy).
PappaMac on March 13, 2009 at 5:04 AM
Sure Barry, whatever you say. We have faith in creamed, chopped beef.
benrand on March 13, 2009 at 5:33 AM
Since the economy is so good now…thanks to its own efforts, not the stimulus, funds from which have not even been appropriated yet, can we cancel the stimulus?
After all, if the economy ain’t so bad off, as our president says, why do we need to spend that multi-trillion dollars?
coldwarrior on March 13, 2009 at 6:36 AM
Poor little Obama doesn’t like being judged and how things in the country are actually doing under his watch. He only wants to be graded on how well he makes speeches full of soaring vacuities with the aid of his teleprompter.
Can’t he just eat his waffle?
Logic on March 13, 2009 at 6:55 AM
From the Associated Press:
Obama Voters: Obama ‘not as good as we thought’
Confronting misgivings, even in their own party, Democrat voters mounted a stout defense of their vote for Barak Obama Thursday, declaring the President is “not as good as we thought” and plan on recovering in 2010 and 2012. “Ya know”, said one high profile Obama donor,” We thought we were getting a Messiah, and all we got was a T-shirt…with a picture of a Yugo on it.”
percysunshine on March 13, 2009 at 7:33 AM
Specter says they’re even worse than they seem. I don’t trust either of them. Who’s right?
AP
If one of them is right, AP, you can bet it’s by accident.
See: Broken clock.
SKYFOX on March 13, 2009 at 7:39 AM
Folks, I have a question:
If, and I said IF, if the economy actualy does turn around, will the Messiah get ALL the credit and thus have a “blank check” for his radical agenda?
I’d love to hear your thoughts…
Mark Garnett on March 13, 2009 at 7:43 AM
Of course, Obama will claim all the credit, and the Dems will join in behind him with huzza’s and hail’s to the Chief.
58 Days into this Administration…gonna be a long time before sanity creeps back into Washington.
IF, and to repeat, IF, the economy finds equilibrium and then begins to grow…can we get our money back? All those hundreds and hundreds of billion dollars approved (but not yet appropriated) we are still on the hook for?
coldwarrior on March 13, 2009 at 7:50 AM
Of course it’s not. He generated a “catastrophe” and a crisis atmosphere which caused the brain dead politicians to blindly grant his budget requests. After he had raped the treasury and achieved success he no longer needed his crises . . . ergo, the economy has improved. How long before those fools in Washington D.C. catch on to this con artist’s rope-a-dope sham?
rplat on March 13, 2009 at 7:53 AM
Economy – Problem fixed thanks to Obama, The One – Our Great and Glorious Leader (May He Live Forever)
Next…
sabbott on March 13, 2009 at 7:54 AM
It’ll be hard to call him a liar. Deceitful definitely. But that’s okay with the MSM. I hope this monkey fails.
Birdseye on March 13, 2009 at 8:31 AM
Of course it’s suddenly ‘not so bad.’ Democrats always talk down the economy until they get power, than it’s all optimism when they might get the blame. It’s what they do.
Remember ‘the worst economy in the last 50 years,’ the great lie of Clinton ‘92? ‘Worst economy since Hoover’ about Bush’s Clinton recession? Both certifiable, undeniable lies, but mantra’d into ‘truth’ by the Democrats (including the MSM) in order to build their political power.
snickelfritz on March 13, 2009 at 8:35 AM
Democrat definitions:
Depression: how you feel when a Republican is president.
Recession: what happens to your hair line as you’re continually depressed about a Republican president.
This is how depression and recession are “cured” or “fixed” after only 58 days of a Democrat president.
karl9000 on March 13, 2009 at 8:45 AM
Recession – Your neighbor loses his job.
Depression – You lose your job.
Recovery – Obama/Biden lose their jobs.
Obama says the economy must be good, why, his “Rezko Home and Gardens” stock is skyrocketing.
Impeach Obama/Biden.
NoDonkey on March 13, 2009 at 8:48 AM
People can better understand Economics if it is explained in terms they understand. Crudely stated, recessions are just normal events where the economic toilet is periodically flushed to get rid of the crappy companies.
That is, unless the Government starts poking around in it to “help us out”. In that case, they are likely to end up making it overflow and then we all have to spend a long time standing around in the mess.
Uniblogger on March 13, 2009 at 9:04 AM
getabrain, how does food taste with so much of obama’s sh!t on your tongue?
mossberg500 on March 13, 2009 at 9:09 AM
I’m hoping for a speedy recovery!
karl9000 on March 13, 2009 at 9:10 AM
“Cluck cluck, the sky is falling” said Obama little.
“Cluck cluck, the sky is falling” said Democrats
“Cluck cluck, the sky is falling” said Obamatons
“Just kidding” said Obama little.
drjohn on March 13, 2009 at 9:19 AM
Exactly right.
Old meme: The country’s failing, let’s spend trillions of dollars for unneeded things.
New meme: The country’s not failing, let’s spend trillions of dollars for unneeded things.
drjohn on March 13, 2009 at 9:22 AM
Hope and change!
NoDonkey on March 13, 2009 at 9:26 AM
I can’t believe I just now realized the ZZTop song Jesus just left Chicago fits The One so well. Have to change the lyric to “and he’s bound for DC” though. Sure can’t wait until 1/20/13 when he’ll be “one and done”.
kirkill on March 13, 2009 at 9:48 AM
DRUDGE Headlines tell the whole story…
China worried. Loaned lots of money to the US. Wants guarantees.
Now, suddenly, Juvenile in Chief says, “Oh, it’s not so bad.” Finally hoping to instill some confidence the the American people.
Maybe Boy Wonder realizes he’s just NOT the king of the world.
Oink on March 13, 2009 at 9:50 AM
One and done! LOVE IT!!!! Design your bumper stickers now!
Oink on March 13, 2009 at 9:51 AM
Right. One’s right by accident and the other one is lying.
Oink on March 13, 2009 at 9:53 AM
Speaking of smokes, we know that B. Hussein Obama still smokes, yet we NEVER see pictures of him smoking. We also know that he used drugs because he admits to it. What is the chance that he is STILL A DRUG USER? If we cannot get photos of him smoking, you know we’d never see the drug sessions. With all those Chicago connections, pinching a little smack from a police raid would be a piece of cake.
VoiceOfTruth on March 13, 2009 at 9:59 AM
Consistency, thy name is Obama.
ladyingray on March 13, 2009 at 10:00 AM
This guy is so stupid, he has no understanding on how free market and capitalism works. Oh right he is a socialist. All makes sense now. Big Government Sucks
Tremmy on March 13, 2009 at 10:01 AM
The words of a lawyer,not a leader.
Mr. 57 states credibility gap gets wider by the day.
Baxter Greene on March 13, 2009 at 10:06 AM
Dow up again today.
getalife on March 13, 2009 at 10:23 AM
Ah, the White House comforts where fries can be ordered whenever Michelle demands. The economy can’t be all that bad. Obama can’t see past his nose.
maverick muse on March 13, 2009 at 10:35 AM
9600? already? Wow!!!!!!
ladyingray on March 13, 2009 at 10:39 AM
Let me get this straight……….NOW we are supposed to believe things are OK – just a normal recession that would have cleared up anyway? OH MY GOD – does this bozo of a Prez do anything but LIE?
Cinday Blackburn on March 13, 2009 at 10:40 AM
Fire the incompetent.
Impeach the corrupt.
Either way,
it’s lose/lose for Obama
and win/win for America.
While gorging on executive orders impoverishing hard working citizens, Obama refuses to permit the bankruptcy of corruption in order to eliminate our resilient capacity to survive.
Let’s MAKE his campaign promised surgical removal of waste NOW!
maverick muse on March 13, 2009 at 10:43 AM
Watch his slick “pants on fire” dance moves.
maverick muse on March 13, 2009 at 10:45 AM
Dude! Friggin’ get over yourself,already. Do the job we mistakenly hired you to do
Fed45 on March 13, 2009 at 10:47 AM
This guy realy does not know what the H*LL he,s doing.He,s guessing at everthing.(GOD SAVE OUR COUNTRY)
thmcbb on March 13, 2009 at 10:47 AM
Obama in January: This economic crisis is the worst since the Great Depression, which is why we need to pass the stimulus bill.
Obama in March: The economy is getting better because we passed the stimulus bill. See what a good boy am I?
Steve Z on March 13, 2009 at 10:54 AM
According to your savior, tracking the stock market is a waste of time.
Baxter Greene on March 13, 2009 at 10:55 AM
So if the economy is getting better, does that mean we don’t need PelosiPork II ?
Steve Z on March 13, 2009 at 10:58 AM
So is the sun. What’s your point?
You do understand the concept of bargain hunting,right?
Oh, wait. According to wasteofalife apparently when the dow is up, everything is solved and Barry’s plan is working. If it’s down it’s Bush’s fault and we need to give Barry a break.
Call me when the market makes up its losses inflicted on it by Barry. which will take years
Fed45 on March 13, 2009 at 10:59 AM
I’m going to go with neither and take Warren Buffets advice
Economy fell off a cliff
kangjie on March 13, 2009 at 11:45 AM
Bet Soros, Lewis, Geffen and the boys have been working overtime trying to turn Obamessiah’s fortunes around.
Sucker’s rally, fake numbers, market manipulation. Don’t trust any of it.
getalife…you jest, of course.
eaglesdontflock on March 13, 2009 at 11:48 AM
Getalife:
You, um, might want to check that number again.
Down 45 right now.
todler on March 13, 2009 at 11:51 AM
easy to think that way when you live in a vacuum
workingforpigs on March 13, 2009 at 12:03 PM
What is scary here is that the events of today resemble the Long Depression (1873-1890) far more than they resemble the Great Depression (1929-WW-II).
If you want to take lessons for future actions from the past it often helps to define what you’re looking for before making assumptions.
{^_^}
herself on March 13, 2009 at 12:17 PM
That is, he’s rolling the big doobies for his Wednesday night Bongfests.
getalife is obviously partakin’. Must be on the gubmint dole. Lucky duck…
Sweet_Thang on March 13, 2009 at 12:21 PM
“Who’s right?”
They both are.
Obama’s right if he resigns.
Specter is right if the idiot manages to con his way to staying in office.
notagool on March 13, 2009 at 12:22 PM
Obviously, Warren Buffett’s ‘woodshed’ talk sunk in.
Get it together.
But…there’s really not going to be a change. Obama is all about image management.
He doesn’t really have a plan. Never did.
AnninCA on March 13, 2009 at 3:02 PM
Dow closed +53.92
Pardon me while I hyperventilate about Obama’s awesomeness.
LimeyGeek on March 13, 2009 at 4:47 PM
Dow up 4 days in a row!!!
WOO HOO Obama rocks.
Oh wait that’s after it was down 13/15 previous days.
Dow up over 7000!! WOO HOO!!
Oh wait it was at 9625 the day THE ONE was elected.
For those of you who can’t do math, like getabrain, that’s still down 25% since Nov. 4th. To put that in terms he can understand…you make $7.25 an hour. It would be as if Obama cut your pay to $5.43 an hour.
Plus this is nothing more than a bear market rally. Dow will be slogging it out between 6K and 7K for the rest of the year. It’s a classic sucker rally.
angryed on March 13, 2009 at 5:01 PM
If he is correct, then I wonder what new crisis his buddy Rahm will not want to waste?
*shudders*
Dr. ZhivBlago on March 13, 2009 at 5:59 PM
I am 0.75% happier today than I was yesterday!
/sarc
Y-not on March 13, 2009 at 8:14 PM
Wow,, does anybody ever really listen to what this guy says?? I mean,, does he listen to himself???
JellyToast on March 13, 2009 at 9:03 PM
Hmmmmm! Two weeks ago…….Now…..NOT SO BAD, GUYS. I was just FOOLIN’ YA…….SHIIIIIIIIIIIT.
I’m confused!
74SeventeenSeventySix on March 14, 2009 at 8:37 AM
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