Monday, March 16, 2009
Fundamentally strong inherited problems
Glenn Reynolds makes a nifty, if somewhat lawyerly, point: If the economy is still fundamentally strong, what are the actual problems inherited by the Obama administration? That said, I much prefer the president talking it up than talking it down, and if it takes a little hypocrisy to make that happen I'm all for giving him a pass. The outrage, of course, is that so many in the media credulously parroted the Obama campaign's talking points last fall. But even that is only the "usual" outrage.
7 Comments:
By 
, at
Mon Mar 16, 12:03:00 PM:
It's evident that Obama & Co created today's AIG bonus story as a distraction and to fuel populist outrage that they hope to channel into support for their budget. Barney Frank has a subcommittee holding an AIG hearing this Wednesday ... the mantra will be "The Repubs gave all this money to Wall Street, why not some for you." They want to use outrage to get their agenda-laden budget passed. They used fear to get the stimulius bill passed, but have realized they can't scare the market down much more without it backfiring ... that's why some of Obama's minions are saying nice things about economic fundamentals and how we should expect a 2010 recovery.
Link
By , at
Mon Mar 16, 01:19:00 PM:
Obama's minions are saying nice things about economic fundamentals and how we should expect a 2010 recovery.
And by 2010 expectations will be conveniently pushed back again to 2012. Am I just being cynical or sensing a pattern? And if it's not me being cynical then who is it?
By , at
Mon Mar 16, 02:37:00 PM:
You are sensing a pattern, and there's nothing wrong with being cynical with what we have in the present Administration. That's the result of lies and broken promises.
By 
Escort81, at
Mon Mar 16, 04:12:00 PM:
Wait a minute, are we sure that W isn't still calling the shots?
O/T, but...
"U.S. jets shot down an Iranian unmanned surveillance aircraft last month over Iraqi territory about 60 miles northeast of Baghdad, the U.S. military said Monday."
That doesn't sound like change, although I'm hopeful it discourages Iranian adventurism.
By Viking Kaj, at
Mon Mar 16, 04:44:00 PM:
Anybody else find it fishy that the Citibank results were for 2 months only and apparently unaudited? Since only the week before they were calling Citi the biggest zombie on earth, that release had to be thoroughly checked with the SEC before it went out. I smell a certain amount of government PR trying to cover over underlying fundamental difficulties, and I'm not buying it. Let's see where Citi comes out for the quarter with all the bad stuff included.
Do they think that they can just tell us that things are better so that people will start borrowing and spending again? Oh, wait a minute, isn't that how we got in this mess in the first place?
By davod, at
Mon Mar 16, 05:25:00 PM:
Just like any politician Obama has his price. It took bribes of a 789billion stimulus package and a 412 billion budget for Obama to come around with a positive statment.
I have not done any research on this but I do feel confident in saying that Obama is the most expensive politician to date.
Can the country afford any more positive statements.
By commoncents, at
Mon Mar 16, 07:19:00 PM:
Nice post and interesting blog!
Would you like a Link Exchange with our new blog COMMON CENTS where we blog about the issues of the day?
http://www.commoncts.blogspot.com
