Posted on 06/07/2009 1:23:10 PM PDT by Lorianne
WHETHER at a fund-raising dinner for wealthy supporters in Beverly Hills, or at an Air Force base in Nevada, or at Charlie Rose’s table in New York City, President Obama is conducting an all-out campaign to try to make us feel a whole lot better about the economy as quickly as possible. “It’s safe to say we have stepped back from the brink, that there is some calm that didn’t exist before,” he told donors at the Beverly Hilton Hotel late last month.
Mr. Obama thinks that the way to revive the economy is to restore confidence in it. If the mood is right, the capital will flow. But this belief is dangerously misguided. We are sympathetic to the extraordinary challenge the president faces, but if we’ve learned anything at all two years into the worst financial crisis of our lifetimes, it is that a capital-markets system this dependent on public confidence is a shockingly inadequate foundation upon which to rest our economy.
The storm is not over, not by a long shot. Huge structural flaws remain in the architecture of our financial system, and many of the fixes that the Obama administration has proposed will do little to address them and may make them worse. At another fund-raising event, for Senator Harry Reid, President Obama said: “We didn’t ask for the challenges that we face. But we are determined to answer the call to meet those challenges, to cast aside the old arguments and overcome the stubborn divisions and move forward as one people and one nation .... It will take time but I promise you, I promise you, I’ll always tell you the truth about the challenges we face.”
(Excerpt) Read more at nytimes.com ...
THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA
BARACK HUSSEIN OBAMA IN HIS OWN WORDS
NOW WE KNOW WHAT A COMMUNITY ORGANIZER DOES
OBAMA, THE STOCK MARKET, AND ENERGY
THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA'S UPBRINGING
Just wait until new taxes kick in... when the Bush tax cuts expire next year, when they enact the carbon tax stuff, socialized healthcare, etc. We ain’t seen nothing yet.
“We didn’t ask for the challenges that we face.”
uhh - yes you did, moron. When you chose to run for office.
Command economies are always corrupt - - favoritism is "earned" - with bribes.
Thats a lie. He said this last month and the unemployment rate is still rising. And what evidence does Obama and his lying administration have of any their ridiculous claims?
I am shocked that this appeared in the Slimes.
LOLOL!!!
Hi newbie! Is that all you discerned from the article?
Also be prepared when the Chi-Coms turn in all of their T Bonds for cash.
Buy lotsa ammo and gold!
Be Ever Vigilant!
Right on many counts. The solvency of the big banks is still a mystery. The value of their assets is still under a cloud because of the lack of public trading of those assets. The reason they don’t want to publicily trade them is that they don’t want the value known.
The same goes for GM coming out of bankruptcy. The stock should be traded immediately. The bondholders should be able to sell their shares..and then we would know how much money the taxpayers have lost on the bailout.
Hey! Me too dumb to figger anyting out... me leave smarts to u and stock manipulator that Bill Clinton loved...
Here come the Oligarchs, courtesy of all 18 of Obama’s new Czars!!
Thats a lie. He said this last month and the unemployment rate is still rising. And what evidence does Obama and his lying administration have of any their ridiculous claims?
You don't understand, do you? The Obamassiah (Praise Be his Name!) and the Most Merciful Michelle (the Ideal of Motherhood) have had two wonderful date nights in the last month. They are clearly more calm than before!
Your comfort or security is immaterial, in the face of the all giving, all controlling Obamassiah from whom all our economy shall flow!
/sarc
And if he tells us the economy is going to be fine (since he fixed it) then when it does go bad, he can’t blame it on Bush.
For the most part, it appears the MSM is buying the lie - and spreading it. That's the "claim". (Like you, I'm surprised this was in the NYT's.)
I feel that people are starting to catch on. Isn't this grounds for impeachment? The deliberate destruction of our economic security?
Somehow Obama and family out living it up like there’s no problems remind me of the British minister and his daughter who publicly chowed down on a hamburger during the height of the mad cow panic in the UK. FWIW, mad cow in Britain didn’t go way. People are still dying from it.
Maybe we should send Obama Cesar paper fiddles to play when the economy burns.
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