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Obama says worst of recession is over amid economic turmoil on Wall Street
The hill ^ | 8/12/10 | Ian Swanson

Posted on 08/12/2010 12:18:14 PM PDT by Nachum

Wall Street gave a thumbs-down to the economy as the Dow Jones slipped into the red for the year.

The Dow Jones tumbled 265 points on Wednesday amid growing worries that the world economy is weakening. The pessimism from traders came one day after the Federal Reserve downgraded its outlook for the economic recovery amid fears of a double-dip recession.

Wednesday's tough day on the markets is the latest piece of difficult news for the White House, which is trying to promote last year's $787 billion stimulus through a series of events it has dubbed the "recovery summer."

President Obama, facing a difficult election environment where his party’s majorities in Congress could be lowered or lost, on Wednesday reiterated that his administration is doing everything it can to turn the economy around.

He also insisted the worst of the recession is over as he signed legislation suspending duties on hundreds of imports. Challenges faced by the nation have been confirmed not only by a steady stream of data since last spring, but through a series of crises in Europe that roiled markets and stoked fears of a double-dip recession earlier this summer.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bho44; bhoeconomy; bhofascism; democrats; djia; economy; elections; fail; golf; hopeychangey; obama; obamadepression; recession; worst; youlie
Prosperity is right around the corner
1 posted on 08/12/2010 12:18:17 PM PDT by Nachum
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To: Nachum

Now I know we’re screwed — hussein lies virtually every time he opens his mouth.


2 posted on 08/12/2010 12:20:39 PM PDT by ThunderSleeps (obama out now! I'll keep my money, my guns, and my freedom - you can keep the change.)
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To: Nachum

Obama’s schedule today was 3 meetings than an early bangout for a long weekend.


3 posted on 08/12/2010 12:20:41 PM PDT by AU72
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To: Nachum
A stand up comedian/bull shit artist.
4 posted on 08/12/2010 12:21:02 PM PDT by boomop1
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To: Nachum

‘O’ is delusional DOLT.


5 posted on 08/12/2010 12:22:02 PM PDT by SandRat (Duty, Honor, Country! What else needs said?)
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To: Nachum
Wall Street gave a thumbs-down to the economy as the Dow Jones slipped into the red for the year.

So much for the "Summer of Recovery".

0bamao may soon feel "The Winter of our Discontent"!

6 posted on 08/12/2010 12:22:43 PM PDT by The Sons of Liberty (REAL Americans Bow to No One But The Almighty! - Mene, Mene, Tekel, Upharsin)
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To: ThunderSleeps

in other news he says he is a Christian, but periodically has lapses and wishes all , glowingly, happy ramadan from him and the white hut.


7 posted on 08/12/2010 12:23:18 PM PDT by himno hero
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To: Nachum

After reading all the economic experts say we are either in for double dip it’s refreshing to here the boss says it’s over. I feel so much better!! /s


8 posted on 08/12/2010 12:23:21 PM PDT by CynicalBear
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To: CynicalBear

“All is well!” - Kevin Bacon in Animal House


9 posted on 08/12/2010 12:25:17 PM PDT by massgopguy (I owe everything to George Bailey)
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To: Nachum
Wow, turn the corner,
Run into a wall!!!
10 posted on 08/12/2010 12:25:35 PM PDT by gov_bean_ counter (Sarah Palin - For such a time as this...)
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To: Nachum

So its 3:18PM and the market is down 48 Dow points after loosing 250 yesterday. Where do you think it will finish? Up, Down, or Down some more?


11 posted on 08/12/2010 12:25:57 PM PDT by equalitybeforethelaw
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To: Nachum

Upcoming Recovery Fall.


12 posted on 08/12/2010 12:27:24 PM PDT by Paladin2
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To: ThunderSleeps
hussein lies virtually every time he opens his mouth.

Its true of course. But, I would add that The Kenyan doesn't really know he is lying. When President Axelrod orders his Stooge to read things from the ObamaPrompter, its not like The Kenyan actually comprehends the things he is reading. He just does what his boss Axelrod and Rahmbo order him to do. President Axelrod picked a perfect Stooge.

13 posted on 08/12/2010 12:28:09 PM PDT by dashing doofus (Those who are too smart to engage in politics are punished by being governed by those who are dumber)
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To: Nachum

This quote from Obama is such an absurd statement on its face that I’m starting to think that Obama speaks in code in public to send messages to his evil minions and overlords. What he’s really telling his evil cohorts is that it’s time to unleash the next hounds from hell event on the American economy again, as it painfully tries to pick itself up from the ground and stand on its two wobbly, unsure feet.


14 posted on 08/12/2010 12:28:20 PM PDT by OB1kNOb (My political conviction in a nutshell: If you're in, you're out.)
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To: Nachum

“We have smashed Stalin’s best troops at Stalingrad! Our panzers will head north! Moscow will be ours in a matter of weeks! Anyone who says differently, will be shot!”


15 posted on 08/12/2010 12:29:40 PM PDT by ClearCase_guy
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To: Nachum

“..He also insisted the worst of the recession is over.”

How many times has Obozo said this since he’s been in office?

And we’ve already spent how much of the stimulus? What is this new law supposed to do accomplish that all those other wasted dollars couldn’t?


16 posted on 08/12/2010 12:30:41 PM PDT by Qbert
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To: Nachum

Sure, the worst of the recession is over. Now we will be moving into the Depression phase of Obozo’s plans.


17 posted on 08/12/2010 12:31:57 PM PDT by SoldierDad (Proud Papa of two new Army Brats! Congrats to my Soldier son and his wife.)
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To: ThunderSleeps

When one travels to Martha’s Vineyard and other places such as this, is it any wonder he thinks the bad times are behind us? I think we ought to not pay Congress for six months and take away their privileges. Let them live on unemployment they would normally receive from their home state and let them see what it is like for many people who have lost their jobs.


18 posted on 08/12/2010 12:33:04 PM PDT by hsmomx3
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To: ThunderSleeps

The man is such a liar he even lies about stuff when he talks in his sleep.


19 posted on 08/12/2010 12:33:38 PM PDT by RickB444 (Beat your sword into plowshares, but wined up plowing the fields of someone who kept their sword.)
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To: Nachum

How can anyone with a conscience support this total retard?


20 posted on 08/12/2010 12:37:25 PM PDT by My Favorite Headache (Obama is Dangerclown The Manchild)
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To: ThunderSleeps

YEAH RIGHT HUH... IF I WASN’T REAL SURE I AM NOW 100% POSITIVE
Before were were headed to an Obama hell on a hand cart I am now.

OBAMA SAYS....

SIMON SAYS OBAMA LIES!


21 posted on 08/12/2010 12:40:58 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: My Favorite Headache

I just saw 5 people on facebook LIKEOobama’s page. Not the impeach Obama one (s) the.... he is great one.They must smoke crack pipes and watch Olbermann.


22 posted on 08/12/2010 12:42:55 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Nachum
D E L I S I O U N A L!!!

The undocumented Kenyan should be relieved of duty under the 25th Amendment to the United States Constitution.
23 posted on 08/12/2010 12:44:20 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Nachum

BS BO

oh and FU.

Going on five months without a job and can’t even get an interview.


24 posted on 08/12/2010 12:45:41 PM PDT by doodad
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To: Qbert

What he meant but couldn’t say was that the bush recession was Over but Uh Bummers douple dip ice cream show was just starting up, what a bozo..


25 posted on 08/12/2010 12:47:17 PM PDT by aeonspromise
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To: Nachum
He also insisted the worst of the recession is over as he signed legislation suspending duties on hundreds of imports.

Wise up, Sparky.

26 posted on 08/12/2010 12:47:29 PM PDT by Lazamataz ("We beat the Soviet Union, then we became them." Lazamataz, 2005)
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To: Qbert

http://www.youtube.com/watch?v=CXl1GkWWGmA


27 posted on 08/12/2010 12:49:04 PM PDT by dashing doofus (Those who are too smart to engage in politics are punished by being governed by those who are dumber)
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To: aeonspromise

double dip my behind SADLY... try ObamaDepressionCrashOfAllTime


28 posted on 08/12/2010 12:50:07 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: dashing doofus

http://www.youtube.com/watch?v=msNAMj3Bjwk


29 posted on 08/12/2010 12:51:20 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Nachum

Mission Accomplished! (We’re screwed!)


30 posted on 08/12/2010 12:56:31 PM PDT by The Brush
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To: Nachum

Obama is on drugs.


31 posted on 08/12/2010 12:56:40 PM PDT by xzins (Retired Army Chaplain and proud of it. Those who truly support our troops pray for their victory!)
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To: Nachum

32 posted on 08/12/2010 1:07:48 PM PDT by Mojave (Ignorant and stoned - Obama's natural constituency.)
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To: Nachum

AS he is on his way to ANOTHER vacation he lies through his teeth again.

Do people still believe this fool?


33 posted on 08/12/2010 1:10:01 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: ThunderSleeps

Obama needs to be impeached, tried for treason and brought to justice.


34 posted on 08/12/2010 1:15:02 PM PDT by thethirddegree
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To: Nachum; 444Flyer; mojitojoe; hoosiermama

Obama is a liar beyond words...

http://www.youtube.com/watch?v=9ssIhiD8kKM&feature=player_embedded


35 posted on 08/12/2010 1:17:26 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Nachum

Notice he’s still hiding from the Press Corpse.


36 posted on 08/12/2010 1:19:12 PM PDT by VeniVidiVici (It's easy being a communist when you're rich.)
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To: Nachum


"All is well!! ALL IS WELL!!!"


37 posted on 08/12/2010 1:19:26 PM PDT by reagan_fanatic (Never trust anyone who points their rear end at God while praying.)
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To: Paladin2

or as OrangeHoof wrote, “Fall of Prosperity”


38 posted on 08/12/2010 1:24:34 PM PDT by repentant_pundit (Strong leaders are overrated. We need strong followers...of the Constitution)
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To: Dubya-M-DeesWent2SyriaStupid!

yep you are right sadly, one which is likely to start a world war..


39 posted on 08/12/2010 2:03:23 PM PDT by aeonspromise
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To: My Favorite Headache
How can anyone with a conscience support this total retard?

Easy. Bozo's supporters aren't conscious enough to have a conscience.

40 posted on 08/12/2010 2:06:48 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Nachum

41 posted on 08/12/2010 2:09:12 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Dubya-M-DeesWent2SyriaStupid!
I just saw 5 people on facebook LIKE Oobama’s page. Not the impeach Obama one (s) the.... he is great one.


42 posted on 08/12/2010 2:12:11 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Nachum
He also insisted the worst of the recession is over as he signed legislation suspending duties on hundreds of imports.

This is satire right...right?

43 posted on 08/12/2010 2:17:44 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: Nachum

If this type of liar says “the worst of the recession is over” that means “the worst of the recession is just getting started”.

Yes, you can tell he’s lying if his lips are moving. If he could type, you would tell by his fingers tapping keys.


44 posted on 08/12/2010 2:53:41 PM PDT by RoadTest (Religion is a substitute for the relationship God wants with you.)
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To: Nachum

Nobody is believing anything this administrations says. It’s like telling us it’s daylight outside when it’s nightime.


45 posted on 08/12/2010 2:57:51 PM PDT by Vicki (Washington State where anyone can vote .... illegals, non-residents, dead people, dogs, felons)
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To: Nachum

zero is a damn liar!


46 posted on 08/12/2010 4:35:21 PM PDT by television is just wrong
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To: Nachum

Obama is actually doing everything he can to worsen the depression. He could not do more to worsen the depression if he tried. By piling on catastrophic debt, he is guaranteeing a long, painful depression unless it is countered with a short, very painful hyperinflation.


47 posted on 08/12/2010 5:36:19 PM PDT by Freedom_Is_Not_Free (California Bankruptcy in 4... 3... 2...)
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To: ThunderSleeps

“hussein lies virtually every time he opens his mouth.”
///////////////////////////////////////////////////////////

He should have replaced Jon Lovitz as Tommy Flanagan, yeah, that’s the ticket. I thought Bill Clinton was the worst liar I had ever seen in politics but he has been left in the dust. Obama reminds me of a Navy Chief who claimed back in 1962 that he drove someone to the airport in Los Angeles, watched their plane take off on a direct flight to San Francisco and jumped in his car and drove to Frisco to watch them land. No, he didn’t tell it as a joke, he expected someone to believe him.


48 posted on 08/13/2010 6:25:09 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: Paladin2

A fighter who rises from the canvas just long enough to be knocked flat again has “recovered” his horizontal position.


49 posted on 08/13/2010 6:27:33 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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