Obama: Unemployment to rise, need faster spending

breitbart ^ | 6/23/09

[Nachum]

WASHINGTON (AP) - Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster to initiate a recovery and conceded that unemployment would rise above 10 percent. "People are going through a very tough time right now," Obama said at a White House news conference. "And I don't expect them to be satisfied."

For the second time in a month, Obama voiced unease over the results of a $787 billion economic stimulus that he pressed Congress to pass as one of his first acts as president.

[upchuck]

Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster immediately enact massive payroll and capital gains tax cuts to initiate a recovery and conceded that unemployment would rise above 10 percent.

Sorry, just foolin' with ya :)

Most folks with common sense know you can't spend yourself out of debt.

Of course, our Imperial Ruler is not, "most folks" and he certainly has little common sense.

[1010RD]

Does it ever occur to these AP capons that everything government spends must first be taken out of the productive economy as taxes or debt (future taxes)?

[SumProVita]

Personally, I think he’s getting ready to push ANOTHER stimulus package.....due to this “emergency.”

[Just another Joe]

President Barack Obama on Tuesday said his administration needs to push money out faster to initiate a recovery

So just give that money to me. I'll push it out REAL fast.