Obama: I reversed recession until 'bad luck' hit

[I AM NOT THAT GUY 5,715]

At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program "reversed the recession" until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a "debacle."

"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we've had a run of bad luck." Obama listed three events overseas -- the Arab Spring uprisings, the tsunami in Japan, and the European debt crises -- which set the economy back.

"All those things have been headwinds for our economy," Obama said. "Now, those are things that we can't completely control. The question is, how do we manage these challenging times and do the right things when it comes to those things that we can control?"

"The problem," Obama continued, "is that we've got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."

Except for its updated details, much of the president's speech resembled the stump speeches he gave when campaigning for Democrats before the 2010 midterm elections. But the White House claims this trip is non-political, part of the president's officials duties to discuss economic issues with the public. For the three-day tour through Minnesota, Iowa, and Missouri, the Secret Service has rolled out two new buses, costing more than $1 million apiece, to take the president and his aides around the countryside.

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/obama-i-reversed-recession-until-bad-luck-hit

So, Obama finally admits he is the wrong man to do the job. Finally he gets it.

Edited August 16, 2011 by Crusty Old Perv

[luckytxn 2,264]

So, Obama finally admits he is the wrong man to do the job. Finally he gets it.

Well blaming others got him elected last time so why change a winning strategy?

[Trumplestiltskin 5,791]

Economies are interlinked, who knew.

When your biggest trading partners are in recession, you can expect the same.

[Mr. Big Dog 10,747]

Economies are interlinked, who knew.

When your biggest trading partners are in recession, you can expect the same.

You know better than to inject facts or common sense in P&R. Shame on you!

[Gary and Alla 3,694]

Bad luck.

If this were not so serious it would be funny.

Economies are interlinked, who knew.

When your biggest trading partners are in recession, you can expect the same.

So it was not GWBs fault?

You know better than to inject facts or common sense in P&R. Shame on you!

Was it GWBs fault?

[Mr. Big Dog 10,747]

Was it GWBs fault?

The ME/NA crisis? The earthquake and tsunami in Japan? The EUR crisis? No, none of that was Bush's fault. Nor was it Obama's fault. There are plenty of things impacting the world- and thus US economy that are out of the control of the US government regardless of who runs it. Why is that so hard to comprehend?

Edited August 16, 2011 by Mr. Big Dog

[Obama 2012 1,714]

The ME/NA crisis? The earthquake and tsunami in Japan? The EUR crisis? No, none of that was Bush's fault. Nor was it Obama's fault. There are plenty of things impacting the world- and thus US economy that are out of the control of the US government regardless of who runs it. Why is that so hard to comprehend?

Actually, we are in full control with proper regulation.

Unfortunately, over-regulation (or the wrongs types of)/taxation has made us DEPENDENT on others.

In reality, we have everything we "need" right here at home.

[I AM NOT THAT GUY 5,715]

The ME/NA crisis? The earthquake and tsunami in Japan? The EUR crisis? No, none of that was Bush's fault. Nor was it Obama's fault. There are plenty of things impacting the world- and thus US economy that are out of the control of the US government regardless of who runs it. Why is that so hard to comprehend?

So, it is probably best that governments do nothing at all. Gotcha.

[Mr. Big Dog 10,747]

Actually, we are in full control with proper regulation.

Now, we should have regulated against that earthquake and tsunami, don't you think?

[I AM NOT THAT GUY 5,715]

Now, we should have regulated against that earthquake and tsunami, don't you think?

That stuff happens all the time. Prior Planning Prevents Piss Poor Performance.

[Mr. Big Dog 10,747]

So, it is probably best that governments do nothing at all. Gotcha.

Did I say that? Of course not.

That stuff happens all the time. Prior Planning Prevents Piss Poor Performance.

Okay, so we should regulate Japan's planning? Really?

[Obama 2012 1,714]

Did I say that? Of course not.

Okay, so we should regulate Japan's planning? Really?

No, we shouldn't rely on Japan in the first place.

The term "American Made" is something that we need to learn once again.

[I AM NOT THAT GUY 5,715]

Did I say that? Of course not.

No, you said government can always make excuses.

Okay, so we should regulate Japan's planning? Really?

Japan's problem. Not ours.

[Mr. Big Dog 10,747]

No, we shouldn't rely on Japan in the first place.

The term "American Made" is something that we need to learn once again.

I see. We need to withdraw from the global economy.

No, you said government can always make excuses.

I most certainly did not.

Japan's problem. Not ours.

You might wish that that was the case but as it stands, it most certainly is not.

Edited August 16, 2011 by Mr. Big Dog

[I AM NOT THAT GUY 5,715]

I see. We need to withdraw from the global economy.

Ding! Ding! Ding!