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Obama stands by 'Recovery Summer'-will be offering a new package of ideas on the economy next week
The Hill ^ | 9/3/2010 | Jordan Fabian

Posted on 09/04/2010 10:32:34 AM PDT by Qbert

President Obama on Friday said he has no regrets about describing the last three months as the "Recovery Summer."

"I don't regret the notion that we are moving forward because of the steps that we have taken," Obama said in response to a question after he offered comments on the latest unemployment figures. 

The administration described the summer of 2010 as "recovery summer" because a large amount of the 2009 stimulus package was being spent over the summer. But job growth slowed dramatically over the summer amid concerns the economy was moving into a double-dip recession, and Republicans have made fun of the moniker.

 The president's remarks came after the Labor Department released jobs data showing unemployment rising from 9.5 to 9.6 percent. The private sector created 67,000 jobs, but overall the economy lost 54,000 jobs. 

Those numbers were better than expected, and are easing concerns about a double-dip recession. Still, Republicans argued Friday they fall short of a real recovery.

The administration has held firm that its policies are slowly but surely nursing the economy back to health. 

"We are confident we are moving in the right direction but we want to make sure this economy" is getting even stronger, Obama said on Friday.

Obama said he would be offering a new package of ideas on the economy next week.


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: duckandrecover; obama; obamanomics; recession; rectovery; reekovery; unemployment; wreckovery
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To: KansasGirl

they should also be shouting about how this justice dept is screwing over AZ and hwo it has become a political witch hunt against them but no yet again the GOP keep quiet.

To be honest I don’t think even if we get power in both houses and the white house they will repeal Govt health care .
I say that after seeing Laura Ingraham interview Cantor.


61 posted on 09/04/2010 5:49:34 PM PDT by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/LEFT BE FOOLED FOR EVER)
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To: hsmomx3
and wondering when we do get the boot, where do we go?

How about setting up tent on our Reps and Senators lawns that gave us this "American Recovery and Reinvestment Act", the 111th United States Congress, I'm sure their a compassionate bunch that wouldn't mind helping out
62 posted on 09/04/2010 5:54:38 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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To: KansasGirl

{I knew who you meant! ;)}

I think we’ll ALL be telling him in November!


63 posted on 09/04/2010 6:02:22 PM PDT by luvie (DIMs?......start packin'--you're fired!....I can see November from my house!)
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To: KansasGirl
What was it Obama said, we don’t want to hear from the people who got us in to this mess.

I smell poetic justice for Mr Know-it-all, also, remember the Jesse Jackson warning; "stay out of the Bush's", haha!
64 posted on 09/04/2010 6:02:48 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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To: freedumb2003
If Barky has a 9 and a 6, does that give him a Fizzbin?
65 posted on 09/04/2010 6:04:19 PM PDT by JPG (How much taxpayer $ did Mookie blow today?)
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To: Qbert

Let’s stick to the facts...Summers Over...


66 posted on 09/04/2010 6:25:15 PM PDT by Hotdog
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...

Thanks Qbert.


67 posted on 09/04/2010 6:50:46 PM PDT by SunkenCiv (Democratic Underground... matters are worse, as their latest fund drive has come up short...)
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To: italianquaker

No, it was always their plan to spend a large amount of the stim money this summer, to try to stim the election of Dims. Always.


68 posted on 09/04/2010 6:54:17 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
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To: Qbert

Obama simply reeks of deperation now. Roemer quitting the Central Soviet Planning Bureau left a convulsively nonsensical image of an economic team wholely incapable of lifting the country out of ruin. It’s slipping through those fingers now, baby. No one is feeling that appetite for hope anymore.


69 posted on 09/04/2010 6:55:42 PM PDT by februus
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To: Qbert

“Obama said he would be offering a new package of ideas on the economy next week.”

Sure with the election coming up in about 8 weeks. Otherwise he could care less.


70 posted on 09/04/2010 7:07:36 PM PDT by Parley Baer
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To: Hoodat

“So the question is - To whom has he given the task to come up with these ideas since he has no intention of doing actual work himself.”

Good question- especially since his economic team is bailing on him...


71 posted on 09/04/2010 7:11:30 PM PDT by Qbert
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To: Qbert

Narcissists never ever admit they are wrong. They believe they are God.


72 posted on 09/04/2010 7:16:50 PM PDT by proudofthesouth (It is impossible to rightly govern a nation without God and the Bible - President George Washington)
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To: Qbert

In 17 days, summer will be over.

Then it will be fall of the recovery. (coined by another intelligent freeper).


73 posted on 09/04/2010 7:17:24 PM PDT by meyer (Our own government has become our enemy,...)
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To: nathanbedford

Hello Nathan.....

There are several speaking out now about this “lame duck session” coming up.... where the Democrates will push thru just about anything they want to since they know they are going to go down anyway...I think there is good reasons to be concerned as well. The American people can and have protested and as we have seen ignored or at best appeased the uninformed. So what’s your take..am interested in your opinion.

You know they could leave such a mess by 2012 that even if we take the leadership it will take years to just get our heads above water...then the Democrates can come in for the “kill” in the next elecction... and take the credit for pulling us on out of all this muck and mire...yet continue with their agenda anew.


74 posted on 09/04/2010 7:17:59 PM PDT by caww
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To: italianquaker

Hey zero, why not have another Jobs Summit? That first one was oh so successful.


75 posted on 09/04/2010 7:19:32 PM PDT by Mr. Wright
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To: nathanbedford
The market, like the Holy Spirit, is no respecter of persons or politics. It is a giant mistake to conflate politics with finance.

The would be true, except it is difficult to make the case that we still have a free market with all the bail outs and TBTF efforts put forth by our government and the Fed. We really have a version of crony - capitalism that is much more like Europe.

What these means is that politics and economics are now effectively and completely intertwined, the relationship between business and government is an uneasy partnership.

Both sides, the Fed/money center banks and the Federal government want more spending, they buy into these Keynesian ideas that we can borrow and stimulate our way out of this economic mess. This is a fool's errand, the marginal utility of debt and government spending are now very low or negative, it just will not work.

Congress is scared stupid to spend more money of any significance, the Fed will not do it for them right now. We are stuck in this stagnation, they will not let the market work and can't spend the amount that would make a difference. Government has completely perverted the market, this effectively leads us no where.

schu

76 posted on 09/04/2010 7:19:49 PM PDT by schu
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To: Smokeyblue

“You can always count on Obama to double down.”

And he’s really doubling down on stupid this time.


77 posted on 09/04/2010 7:47:39 PM PDT by Qbert
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To: Qbert

New economic ideas from 0bama?
Oh, this will be good.


78 posted on 09/04/2010 7:50:31 PM PDT by counterpunch (Imam B'araq Hussein Mohammad 0bama, President of the 57 States of Islam.)
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To: Qbert

Resign. All liberal congress members resign.

We will see an immediate rebound.


79 posted on 09/04/2010 7:50:39 PM PDT by Danae (Anal nathrach, orth' bhais's bethad, do che'l de'nmha.)
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To: BenLurkin

LMAO thats priceless!


80 posted on 09/04/2010 7:51:06 PM PDT by Danae (Anal nathrach, orth' bhais's bethad, do che'l de'nmha.)
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