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Democrats move to shore up faltering recovery (RATS have time to do even more damage?)
Washington Post ^ | 8/24/10 | Lori Montgomery and Neil Irwin

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.

**SNIP**

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 ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: democrats; rats; recovery; summer
Obama's assertion that he has set the nation on a path to prosperity

Back from the brink - right? The rookie doesn't have a clue.

1 posted on 08/24/2010 10:24:17 PM PDT by Libloather
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To: Libloather

Watching Wasserman Schultz on Greta. It’s tough watching someone with a single digit I.Q. discussing the U.S. economy.


2 posted on 08/24/2010 10:27:12 PM PDT by FlingWingFlyer (DemocRATS! America's Taliban!)
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To: Libloather

...few options for reviving the faltering recovery”

How about getting out of the way?


3 posted on 08/24/2010 10:29:26 PM PDT by Huskrrrr
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To: Libloather

Biden and 0bama are worthless and incompetent in economics as in almost everything else they are allowed to wreck.


4 posted on 08/24/2010 10:34:53 PM PDT by Post Toasties (Leftists act as though the world is as they wish it to be; conservatives try to improve what exists.)
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To: Libloather
Photobucket
5 posted on 08/24/2010 10:42:14 PM PDT by Huskrrrr
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To: Post Toasties

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.


6 posted on 08/24/2010 10:57:04 PM PDT by pennyfarmer (Even a RINO will chew its foot off when caught in a trap.)
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To: Libloather

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?


7 posted on 08/24/2010 11:24:53 PM PDT by The Magical Mischief Tour
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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.”


8 posted on 08/24/2010 11:33:13 PM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: Huskrrrr

I’d recommend a national liberal suicide pact.. that would eliminate 99% of the countries problems.


9 posted on 08/25/2010 2:28:02 AM PDT by maddog55 (OBAMA, Why stupid people shouldn't vote.)
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