Obama: Actually, the economy’s not as bad as you think
posted at 8:02 pm on March 12, 2009 by Allahpundit
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?
Blowback
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Are we allowed to look outside the daycare?
neuquenguy on March 12, 2009 at 8:32 PM
Day care workers are more cabinet material, when you’re looking for presidents you should tend more to a “community organizer”.
Jeff on March 12, 2009 at 8:41 PM
I thought his wording in this was kind of clumsy, nonsensical and repetitive, not to mention patronizing and snarky with his A little bit of bad news and ooohh , we’re down on the dumps.
INC on March 12, 2009 at 8:41 PM
How’s his guarantee to catch bin Laden in “the hills between Afghanistan and Pakistan” coming along? Some of those “hills” are 20,000 feet tall.
Of course, he also told us there are 47 states in the US. My bad.
Del Dolemonte on March 12, 2009 at 8:41 PM
Good heavens, what a clown you are. This is a joke, right? You can’t really believe the idiocy you spew.
Obama is in over his head like a sea-snail facing a 10-foot North Oahu wave. It’s disastrous that this guy has any level of policy control over this nation’s economy, which he has no prayer of understanding.
Edouard on March 12, 2009 at 8:43 PM
They are profitable if you ignore all the money they’ve lost–so it is “ex of this”, “ex of that”. Somewhat like a gambler saying he is “up” by looking at a subset of his bets.
The good news, though is that the common stocks of the banks are taking off on the news demonstrates how much has been squeezed out of their prices. Citi is up about 70% this week–all the way to $1.67. Now if they can go up 10x some investors can get their money back.
Citi is like a coma patient moving a finger. It isn’t much but it’s better than dead.
dedalus on March 12, 2009 at 8:43 PM
I think his projections are highly optimistic, too. That’s another term for “dishonest”, right?
obladioblada on March 12, 2009 at 8:43 PM
Just another lie coming from the hypocrite-in-chief…
You wanna know how you can tell when the one! is lying? Its whenever his lips are moving…
Remember when MAObama ridiculed McCain for essentially saying the very same thing during the campaign..? And the MSM laughed right along with himw yukking it up, or acting like McCain was out of touch, over his statement that the fundamentals of the economy were sound…
I have no love lost for McCain, but far less for Glibama…
He makes me sick , and…
I HOPE OBAMA FAILS!
RocketmanBob on March 12, 2009 at 8:43 PM
That’s 57 states. Get your Omamanisms right will ya!
Guardian on March 12, 2009 at 8:43 PM
Unlike Obama, I could find some people who WOULD know how to run the country. Heck, they could also pass the tax-evasion test.
ddrintn on March 12, 2009 at 8:43 PM
I’m sure it’s just coincidence George Soros’ wealth has increased by $2 billion the past year.
JammieWearingFool on March 12, 2009 at 8:45 PM
George Soros has given Barry the OK to pump things up again.
George is ready to reverse his black magic on the markets.
Presto! Obama is a true genius!
katy on March 12, 2009 at 8:45 PM
Do you get headaches with these delusions?
AubieJon on March 12, 2009 at 8:46 PM
You jest, of course..
eaglesdontflock on March 12, 2009 at 8:46 PM
You know, an election lottery out of a phone book would have been better than the clown we have now. I don’t think even dumb luck could be this bad.
Guardian on March 12, 2009 at 8:46 PM
Barko
Hypocrasy – Yup. It’s the new world. Change has come to Washington! The rising oceans will…yada yada yada.
I’m weary of you folks defending the same ol, when this is supposed to be CHANGE WE CAN BELIEVE IN. Most ethical congress evah…whatevah
swede7 on March 12, 2009 at 8:46 PM
Wow, the last 50 days really sucked, but now that everything is going to be okay, well golly, he’s a fine president.
Who knew a depression could be avoided by 3 days of a rising market?
myrenovations on March 12, 2009 at 8:48 PM
I find your comments kind of strange. Obama’s not injecting optimism here. His statement is oddly worded and repetitious and he snarks at people. The contradiction between this and things he’s said the past few weeks are laughable.
I don’t know who’s pretending the last eight years have been an unalloyed example of principles in practice. The web on the right has certainly criticized Bush in their disagreements with him. I also think much of the R party is well aware that they’ve been punished.
INC on March 12, 2009 at 8:48 PM
Drudge has a such a red lettered mini headline about this I had to grab a screen shot:
Buy Danish on March 12, 2009 at 8:48 PM
Don’t know much about history
Don’t know much about producing energy
Don’t know much about an economics book
Don’t know much about the constitutional law I took
But I do know that I would love imposing Marxism on you
And I know that if you would just love Lenin too
What a wonderful socialist country this would be
La ta ta ta ta ta ta
(History)
Ooh ooh ooh ooh ooh ooh
(Producing energy)
La ta ta ta ta ta ta
(Economics book)
Ooh ooh ooh ooh ooh ooh
(Constitutional law I took)
But I do know that I would love imposing Marxism on you
And I know that if you would just love Lenin too
What a wonderful socialist country this would be
- The Boy Emperor
MB4 on March 12, 2009 at 8:49 PM
Unlike the Prez, mine is not to be found in a P/E ratio….bahahaha
Instilling confidence in the marketplace one reading at a time!
moxie_neanderthal on March 12, 2009 at 8:50 PM
Barry, David and Rahm realized that the US was just a little too steeped in… oh…. say…. freedom… to push too hard and fast.
Don’t worry folks. The agenda is coming, just not quite so fast. But this is exactly what Rush was pushing for.
Enough backlash to slow it down.
Never take your eyes off this ball cause it’s still rollin’.
katy on March 12, 2009 at 8:53 PM
Obama’s just spouting what his handlers suggest. “Look, people are saying you’re being too negative about the economy. Your poll numbers might suffer, more than the economy. Now go out there and put a smiley face on things!”
ddrintn on March 12, 2009 at 8:53 PM
Doctor Obama to patient: Make out your will. You are going to die!!!
(Doctor Obama goes out for a toot and comes back)
Doctor Obama to patient: What are your vacation plans for next summer? Now is a good time to buy a new car. And, oh, buy some stocks too and hold them for the long term.
MB4 on March 12, 2009 at 8:54 PM
Brilliant. Proving the old adage that you have to spend a little money to make a little.
moxie_neanderthal on March 12, 2009 at 8:55 PM
Instead of punting problems to the next President, he is taking them all on and doing what he campaigned on.
Yes, that is change but more importantly he is setting a standard for future Presidents to do the same.
Of course, Congress will get in his way and the gop will try to block everything but it is encouraging for the future of our country.
Actually investing in our country and its future is something we should all agree on.
getalife on March 12, 2009 at 8:55 PM
You are such a funny lady…
myrenovations on March 12, 2009 at 8:56 PM
The must have internal polls showing his numbers tanking. There is no other reason the democrat party turns on a dime like that.
SouthernGent on March 12, 2009 at 8:57 PM
In a bill with over a thousand pages, which no body had a chance to read, nor were there any public hearings…….
Yeah……….
……….. things are just peachy.
Seven Percent Solution on March 12, 2009 at 8:57 PM
SouthernGent on March 12, 2009 at 8:57 PM
Or it could have hit bottom.
getalife on March 12, 2009 at 8:58 PM
Does anyone besides me notice a recurring theme in most, if not all, of Obambi’s comments? I, I, I, I…it’s always, and only, about HIM.
uncivilized on March 12, 2009 at 8:59 PM
Wait til hyperinflation kicks in.
ddrintn on March 12, 2009 at 8:59 PM
Mr. Jello says, “everything is coming up roses”.
d1carter on March 12, 2009 at 9:00 PM
I just had an epiphany. Getalife is a laid off used car salesman! His specialty was probably used Corvairs and Yugos.
MB4 on March 12, 2009 at 9:01 PM
Many have commented on his narcissism.
He also has to get his dig in at those he perceives as criticizing him.
INC on March 12, 2009 at 9:01 PM
“And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment.”
No Obumble, you are the amateur-hour ChickenLittle-in-Chief of this assessment.
drunyan8315 on March 12, 2009 at 9:02 PM
Can you imagine how much ground the economy would regain if Osama Obama resigned?
Now that’s my “hope” for “change!”
Go away, child-president. Now.
MrScribbler on March 12, 2009 at 9:03 PM
“I am the Object in Chief.” What does that even mean?
Johnson on March 12, 2009 at 9:03 PM
Judd Gregg handed leprechaun lapdog Tim Geithner his ass today. Gregg showed up prepared with facts and data that pretty much revealed the incompetence of Geithner and his idiot boss Barack “the Dim One” Obama.
jdflorida on March 12, 2009 at 9:06 PM
It means…”All eyes up here, people!! Here, here…look at meeeee…”
uncivilized on March 12, 2009 at 9:07 PM
Object-in-Chief?
Nuanced, I’m sure.
carbon_footprint on March 12, 2009 at 9:07 PM
Glad to see the market headed towards 7000 again, hope it continues to go up for the sake of all those out there(me included)who waited so long they had no choice but to tough it out. Doesn’t change the basic flaws in this recovery plan though. And.. I suspect, but hope not, that the market will still be subject to extremes. Starting to read here and there that those companies that can afford it are moving out. The list keeps slowly growing. Reading that in 2011 the death tax will settle in at 45%–that is about as discouraging as it gets for owners of small and medium businesses. These are trickles that will probably turn into floods in the next 3 years. This man is a kind of economic and social slow acting poison.
jeanie on March 12, 2009 at 9:08 PM
I heard someone this morning suggest that the gains of the past few days could turn out to be something of a “bear trap”.
uncivilized on March 12, 2009 at 9:09 PM
Janus-In-Chief.
Two faces for the price of one.
And both of them complete clucks.
profitsbeard on March 12, 2009 at 9:10 PM
I think this is his ham-handed way of talking positive about the economy. He heard that it might be a good idea, so he’s giving it a half-hearted try. It’s so obviously outside his character since it always sounds so strained.
InCali on March 12, 2009 at 9:12 PM
All that and you still haven’t brought my fries? Pimple-faced teenage doofus.
AubieJon on March 12, 2009 at 9:12 PM
Things are so bad my son can’t get his unemployment checks, he can’t anyone to answer the damn phone at the unemployment office, instead he got a recording saying they were busy helping other people and just try again later.
Is that bad enough?
jewells45 on March 12, 2009 at 9:13 PM
Hey troll, the GOP is the oppostion party. Their role is to “block” stuff that the filthy liar in the White House
proposes. It is not a two party system if everybody are mindless idiots who decided that the filthy liar’s way is the only way.
highhopes on March 12, 2009 at 9:14 PM
jeanie,
I saw your comment to me the other day about the Narcissist in Chief several hours after you made it. I think you were already gone from the thread by then.
INC on March 12, 2009 at 9:14 PM
Here’s links to Gregg:
Gregg: Budget forecast a lie
Judd Gregg To Geithner: Your Health Care Investment Will Explode The Budget
INC on March 12, 2009 at 9:17 PM
So how much have you invested Toots?
Guardian on March 12, 2009 at 9:19 PM
Irony can be pretty ironic sometimes.
OneGyT on March 12, 2009 at 9:20 PM
getabook&readit
Champ, my investments are at 40%. Your 3 day bull market is bull. Congress is your Dear Leader’s lap dog and he is trying to drive the market into oblivion.
Your lips move when you read, right?
swede7 on March 12, 2009 at 9:20 PM
Is it worth pointing out the hypocrisy of His criticism of McCain for saying the same thing last year?
JohnJ on March 12, 2009 at 9:21 PM
Great links, thanks. I liked the “no discipline” theme he was drilling on. I made the mistake of scrolling down and reading the comments on MSNBC. Unbelievable how ridiculous the attacks were on Gregg.
sherry on March 12, 2009 at 9:23 PM
“I” and “We”. “I” when things are doing well, “We” when I want something.
Bishop on March 12, 2009 at 9:24 PM
Wasn’t McCain pilloried for saying ‘the fundamentals of our economy are sound?’
How is this putz’s assessment any different?
TinMan13 on March 12, 2009 at 9:24 PM
Gee, ya think all those billions injected in the economy might have some effect?
Headline at Drudge:
President Obama saves the bush depression.
getalife on March 12, 2009 at 9:24 PM
Hey President Obama, it’s not “down on the dumps”. It’s actually “down in the dumps”. Any good socialist should know that.
MarkABinVA on March 12, 2009 at 9:26 PM
They don’t know what they’re talking about.
INC on March 12, 2009 at 9:27 PM
Ack. Drudge has such a great headline…
What exactly has he campaigned on that he hasn’t reneged on? All I can see is a very long string of broken campaign promises, with a few new surprises (like this which he did not campaign on).
GITMO doesn’t count unless (God forbid) he actually does shut it down in a year, no excuses. Pulling out of Iraq in 19 months doesn’t count because that’s a result of the Surge, not anything Barack has done. The “tax cut for 95% of Americans” doesn’t count either because it’s not a tax cut, it’s a change in the withholding tables which means one could owe taxes on it next year, and Barry failed to inform us during the campaign that this “tax cut” was to help pay for his insane global warming tax.
Buy Danish on March 12, 2009 at 9:29 PM
Seriously dude, can you get some new material? As far as the billions injected into the economy, yeah, it’ll help for now. The only way to keep that going will be to
dumpinject more later, and more, and more….How long have you been around, like on the Earth? It might help to understand you a little more for the rest of us around here.
MarkABinVA on March 12, 2009 at 9:31 PM
INC: Read all your stuff and then some of my own and he does fit the profile all too well. Have started interpreting everything he says in that light–for better or worse.
jeanie on March 12, 2009 at 9:31 PM
BD:
http://www.politifact.com/truth-o-meter/promises/
We are not dealing with w, the bar has been raised.
Try to keep up if you can.
getalife on March 12, 2009 at 9:33 PM
Ah, it takes me back to my childhood. Liar, liar, pants on fire.
Mason on March 12, 2009 at 9:33 PM
The current climate is determined by Obama’s next legislative effort. In talking up national health care, education and energy; you can sure it will be AN EMERGENCY! WE GOTTA ACT NOW! PEOPLE ARE DYING AS WE SPEAK! DON’T READ IT, DON’T DEBATE IT, PASS IT NOW! After all, these are the three pillars of the economy. Without them, we are DOOMED!
Other than that, everything’s, like cool, ya know.
GarandFan on March 12, 2009 at 9:34 PM
Obama:
As long as the “structural problems” he is talking about are the ones created by the government, he is correct.
Nelsa on March 12, 2009 at 9:34 PM
I viewed the job more as pre-owned camels and yaks.
Yoop on March 12, 2009 at 9:35 PM
This won’t get the citizens on the way to Galt’s Gulch to turn around.
Odrama is in shock at the groundswell developing against his socialist leaning policies.
He wants above all to be idolized so he is throwing the market a bone.
Way too much arrogance in Obama’s swagger still. He needs to dismount that high horse and take a look at things from ground level.
FireBlogger on March 12, 2009 at 9:38 PM
he does fit the profile all too well. Sad for him and for us.
What else did you read? Anything on the web with a link? Or elsewhere?
INC on March 12, 2009 at 9:39 PM
25 DVD gift box to the P.M. of Great Britain is raising the bar? Swell….
thomasaur on March 12, 2009 at 9:40 PM
thomasaur on March 12, 2009 at 9:40 PM
Compared to a used fighter jacket with fur donated to charity.
It’s silly.
getalife on March 12, 2009 at 9:42 PM
Greta’s about to come on, and just said, by way of introducing tonight’s show, “top economists have rated the president; I couldn’t go home with such grades”.
Entelechy on March 12, 2009 at 9:43 PM
INC: Just cruised the www and read this and that that took my fancy. None of these spoke directly about o, but did describe the characteristics in your links. and…do not know how to do links, have just recently figured out cut and paste and still do not know how to do this the proper Hot Air way. Remember that I am way out of my generational depth here but trying my best. LOL
jeanie on March 12, 2009 at 9:44 PM
Sucker’s rally.
eaglesdontflock on March 12, 2009 at 9:46 PM
It’s a CRISIS!!!!!
It’s OK.
IT’S a CRISIS, CATASTROPHE!!!!!
It’s OK.
THE SKY IS FALLING
No it’s OK and only because of my inaction.
This guy would go broke in a year if he were in a small business.
jukin on March 12, 2009 at 9:46 PM
You jest, of course..
eaglesdontflock on March 12, 2009 at 9:48 PM
A little editing, and you make sense.
swede7 on March 12, 2009 at 9:48 PM
I could’t agree more! Problem #1 is your leftist policies… lets take care of those by getting rid of them and then we can all have a group hug, enjoy dinner with the guys in the neighborhood, and dream of our great socialist utopia
gatorboy on March 12, 2009 at 9:49 PM
“Actually, the economy’s not as bad as
you thinkI’ve been telling you.“There, FIFY.
bilups on March 12, 2009 at 9:51 PM
I agree, build the roads and defend the coasts. Universities have plenty of dough, and their faculties are undermining our country as it is. Younger-age education is a local issue. Besides, more money isn’t the answer. I tutored in an inner-city middle school, and the problems lie with the parents and the kids. The most important Obama could do for education is hold an assembly at every inner-city school and tell the kids that learning as much as possible is essential to a better life and that doing well isn’t “a white thing”–it should be a black thing too.
Health care? Most of the expense is in HMO bureaucracy. Eliminate the income tax exclusion for employer-provided health insurance. An individual market will meet the demand. Competition will drive the prices down. McCain proposed a corresponding health care credit. It would improve portability. But government would not be controlling the agenda.
BuckeyeSam on March 12, 2009 at 9:51 PM
hahah… yeah right… Obama is a ONE TRICK PONY… ooh ooh, sorry, I can’t be bothered with acutally ‘being’ president, instead I must cower in the corner rocking back and forth sucking my thumb, screaming from the rooftops that the sky is falling, and only actually doing one thing at a time.
The rest is words… just words from our dear leader
gatorboy on March 12, 2009 at 9:52 PM
Specter forgot to get his marching orders. Last week he as quoted as saying we the little people had no idea how bad things were.
O’s people need to twitter.
nondhimmie on March 12, 2009 at 9:55 PM
You do fine!
INC on March 12, 2009 at 9:59 PM
Object in Chief? Is that above his pay grade too or did he just create yet another fanciful position for himself?
SassyDarlin on March 12, 2009 at 10:08 PM
Obama has squandered his honeymoon.
He’s not the Messiah he thought he was. I bet he’d do his first 50 days over, if he could.
Entelechy on March 12, 2009 at 10:09 PM
Saves it intact so future generations can enjoy it as well.
TinMan13 on March 12, 2009 at 10:10 PM
Hahaha! America is well on the way to the socialist state that Obama and Ayers would like to see.
Birdseye on March 12, 2009 at 10:10 PM
The DVDs get to the charity bin even more quickly, I’ll bet.
ddrintn on March 12, 2009 at 10:11 PM
jeanie,
If you decide you want to try a link, cut and paste the info here or write whatever you want to say. I typed in “URL” in the next paragraph.
Then copy the URL at the top of the page to which to you’re linking.
Come back here to the comment box and put your cursor in front of the phrase or word you want to highlight as the link. I clicked in front of “URL” and put my cursor next to the “U”.
Next click on “link” at the top of the comment box. A box pops up telling you to enter the URL. Paste it right over the http stub that’s already there and then click OK.
I found a Wiki page and used this URL to use: http://en.wikipedia.org/wiki/Uniform_Resource_Locator
The link box will now have a slash in front of the work link. That tells you that you’ll need to close the link. To do that, go to the end of the phrase you want to highlight and put your cursor there. I put it after the “L” in “URL”. Then click on the /link box and it will be finished. You can use preview to see if the link works, by right clicking the link and selecting open in new tab.
I hope that’s a little clearer than mud!
INC on March 12, 2009 at 10:13 PM
Idiot. Just jerks people around, and loves doing it.
Alana on March 12, 2009 at 10:14 PM
Great news! Obama and the economy will not dominate the headlines tomorrow because…there’s news about Anna Nicle Smith. Howard K. Stern is turning himself in tonight…
Gibbsy says, “Phew!”.
Buy Danish on March 12, 2009 at 10:14 PM
I thought things were so bad we had to act immediately. No time to read the
stimulusstealfromus bill just pass it and sign it.What happened?
Oh, never mind.
roux on March 12, 2009 at 10:16 PM
ddrintn on March 12, 2009 at 10:11 PM
Probably but the Queen gets the good stuff.
Look, I know you wanted him to fail but lets enjoy this better economic news and let all that doom and gloom go.
Chin up Americans.
getalife on March 12, 2009 at 10:18 PM
Yep, especially since rumor has it that Gordon Brown is going blind, and the DVD’s weren’t in a format that works on Brit equipment.
Thanks anyway, Barack. It’s a serious failure when you can’t even get an “A” for effort.
Buy Danish on March 12, 2009 at 10:19 PM
Is the Obama depression over yet?
Johan Klaus on March 12, 2009 at 10:20 PM
Better economic news would be to hear that the monstrosity stimulus bill is at least partially killed. It doesn’t consist of a couple of good days for the Dow.
ddrintn on March 12, 2009 at 10:21 PM
Or maybe this -
?a href=”Website address”>Name you give, or words you put in?/a>
But you must replace ? with < in both places where there is a ? in above syntax.
MB4 on March 12, 2009 at 10:24 PM
Obama, the boy king. A fairy tale.
Johan Klaus on March 12, 2009 at 10:25 PM
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