Skip to comments.Democrats move to shore up faltering recovery (RATS have time to do even more damage?)
Posted on 08/24/2010 10:24:14 PM PDT by Libloather
Democrats move to shore up faltering recovery
By Lori Montgomery and Neil Irwin
Tuesday, August 24, 2010; 11:17 PM
A rapidly weakening economy threatens to undermine President Obama's assertion that he has set the nation on a path to prosperity and, with barely two months until congressional midterm elections, Democrats find themselves with few options for reviving the faltering recovery.
The latest sign that the economy is losing steam: Home sales fell 27 percent in July, the steepest one-month drop since figures were first compiled in 1968, according to a report released Tuesday. Analysts had expected sales to decline following the expiration of a federal tax credit for homebuyers this spring, but the drop was nearly twice as large as forecast.
Vice President Biden, who stood in for a vacationing Obama, derided Boehner's economic plan as a rehash of the laissez-faire policies the led the country to the brink of a financial meltdown in the final days of the Bush administration. "Mr. Boehner is nostalgic for those good old days, but Americans are not," Biden said during an event called to showcase the success of last year's $814 billion stimulus package.
His voice dripping with sarcasm, Biden also thanked Boehner for suggesting that the president fire his top economic advisers. "Very constructive advice," he said, "and we thank the leader for that."
(Excerpt) Read more at washingtonpost.com ...
Back from the brink - right? The rookie doesn't have a clue.
Watching Wasserman Schultz on Greta. It’s tough watching someone with a single digit I.Q. discussing the U.S. economy.
...few options for reviving the faltering recovery”
How about getting out of the way?
Biden and 0bama are worthless and incompetent in economics as in almost everything else they are allowed to wreck.
Obama is driving us on a crash course, we have run out of coal and they are shoveling dollars into the furnace. The wheels are coming off and the track is faltering.
These idiots do realize all the indicators are rearward looking and even if they could fix the economy it would take 3 to 6 months before that data began to show?
Parphrasing Ronald Regan:
“A recession is when your neighbor loses his job. A depression is when you lose your job. And a recovery is when Imam Obama loses his.”
I’d recommend a national liberal suicide pact.. that would eliminate 99% of the countries problems.