Skip to comments.Obama Blames Europe, Japan for US Economic Woes
Posted on 06/05/2011 7:17:15 PM PDT by GVnana
President Obama is pointing to problems in Japan and Europe as challenges for the U.S. economy, placing some blame on events abroad for a domestic recovery that is showing signs of slowing down.
Photo by: Pete Souza
Government data released Friday showed employers in May hired the fewest number of workers in eight months and U.S. unemployment rose to 9.1 percent, up from 9.0 percent in April.
That bump is a political challenge for the president, whose re-election in 2012 may depend on his ability to convince voters that his economic policies have been successful.
Part of his pitch will include steering attention to outside forces as causes for economic woes at home.
The president did just that in his weekly radio and Internet address, broadcast Saturday, by highlighting "head winds" that are affecting the United States.
"Even though our economy has created more than two million private sector jobs over the past 15 months and continues to grow, we're facing some tough head winds," he said.
"Lately, it's high gas prices, the earthquake in Japan, and unease about the European fiscal situation. That will happen from time to time. There will be bumps on the road to recovery."
(Excerpt) Read more at cnbc.com ...
I heard a brief radio spot with some female economist spouting the "Japan theory" -- "strong economic headwinds" -- and knew in my bones the minute I heard it that this was a new meme from the administration.
Posted under foreign affairs because this administration IS a foreign affair.
Just surprised he’s not blaming Israel.
In that photo he looks a bit like Michael Jackson singing “Man in the Mirror”.
For as much as the man uses “I” and “me” he never seems to find those words when it comes time to place blame.
Low down paymwnt loans to people that should have never been allowed to buy a home is the root cause!
Until people living on credit are wiped out recovery won’t happen!
What happened to blaming Bush for everything?
Our president needs to seriously, for at least a short time, shut up. His own words don’t make him sound like he has a clue as to what is going on. Strawmans, Red Herrings, Gaffes, used about every one of them. In fact, I have to say thanks to him for actually making a good example of “fallacies in action”
What an evil bastard from Hell.
>> facing some tough head winds,” he said.
The wind between his ears.
So now the trillion $ deficit is all europe and japans fault.
Well good to know. I´m pretty shure the european politicians say the same for the US.
Because heaven forbit that our own politicians did screw it up.
Sociopaths (and Socialists) by definition always blame others and never take responsibility for their actions.
Everyone needs to carry a mirror (esp a camping metal one) to hold up so Zer0 can see who’s to blame.
Dudes, am I high or did the President of the United States actually say this:
“Lately, it’s high gas prices, the earthquake in Japan, and unease about the European fiscal situation. That will happen from time to time.” ???
THAT WILL HAPPEN FRON TIME TO TIME?? And people are worried about Palin?
Keep this fact in mind, the MAJORITY of your fellow citizen voted for this man. Is that going to help you sleep tonight?
Obama should blame himself! Effing idiot.
everyone is to blame but him... shocking!
If fact he is no better and no different from Deval Patrick - an affirmative action politician who has risen to a level waaaaaay beyond his competancy.
Zer0 has placed Economic IEDs in the road ahead.
That was my first reaction: Whaa? When did Bush go away? Because I thought as of a week ago, he was still ruining the economy and gas prices.
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