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Old 07-22-2009, 05:50 PM
 
1,902 posts, read 2,467,924 times
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Quote:
White House Chief of Staff Rahm Emanuel told The New York Times Obama intends to use the news conference as a "six-month report card," to talk about "how we rescued the economy from the worst recession" and the legislative agenda moving forward, including health care and energy legislation.
Well I'm glad that's over with. I guess that means that since they rescued Bush's economy, it's all Barry from now on

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Old 07-22-2009, 06:07 PM
 
3,327 posts, read 1,961,326 times
Reputation: 3350
Default this man has a past

Blue jean baby, l.a. lady, seamstress for the band
Pretty eyed, pirate smile, youll marry a music man
Ballerina, you must have seen her dancing in the sand
And now shes in me, always with me, tiny dancer in my hand
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Old 07-22-2009, 09:28 PM
 
Location: Southcentral Kansas
44,882 posts, read 33,261,277 times
Reputation: 4269
Quote:
Originally Posted by coastalrap View Post
Well I'm glad that's over with. I guess that means that since they rescued Bush's economy, it's all Barry from now on
I believe that The Man did say that we had stepped back from that brink he was trying to rescue us from. It appears to me that it is all Obama's from now on. That is until the bottom drops out.
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Old 07-22-2009, 10:11 PM
 
Location: Chicagoland
41,325 posts, read 44,937,590 times
Reputation: 7118
Quote:
I believe that The Man did say that we had stepped back from that brink he was trying to rescue us from.
Except...none of the economic indicators say that. Can you blame him though, he is used to saying the most outrageous things and getting a pass from the media.
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Old 07-22-2009, 10:12 PM
 
Location: deafened by howls of 'racism!!!'
52,698 posts, read 34,542,421 times
Reputation: 29285
yay. what a relief.
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Old 07-22-2009, 10:16 PM
 
Location: mancos
7,787 posts, read 8,027,560 times
Reputation: 6676
great news where do i apply for my job. i'm willing and able to work but not in china
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Old 07-22-2009, 10:25 PM
 
Location: the very edge of the continent
88,990 posts, read 44,804,275 times
Reputation: 13693
The economy has been rescued??? Bernanke didn't get the memo. ...Neither did commercial real estate.

"Commercial properties in the U.S. valued at more than $108 billion are now in default, foreclosure or bankruptcy, almost double than at the start of the year, Real Capital Analytics Inc. said earlier this month."

"...As the recession’s gotten worse in the last six months or so, we’re seeing increased vacancy, declining rents, falling prices -- and so, more pressure on commercial real estate," Bernanke said yesterday."
Bernanke Says Commercial Property May Pose Risk for Economy - Bloomberg.com

The economy certainly hasn't been "rescued."
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Old 07-23-2009, 07:01 AM
 
5,165 posts, read 6,051,846 times
Reputation: 1072
Quote:
Originally Posted by sanrene View Post
Except...none of the economic indicators say that. Can you blame him though, he is used to saying the most outrageous things and getting a pass from the media.
Well the most important indicator of a strong economy certainly does not say that:

New US jobless claims rise to 554,000 - Yahoo! Finance (http://finance.yahoo.com/news/New-jobless-claims-rise-to-apf-2832373432.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=

And this is due to benefits expiring: those falling off the rolls are not finding jobs.

The total jobless benefit rolls, meanwhile, fell by a more-than-expected 88,000 to 6.2 million, the lowest level since mid-April. And the four-week moving average of claims, which normally smooths out some volatility, fell by 19,000 to 566,000.
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Old 07-23-2009, 08:40 AM
 
6,570 posts, read 6,736,907 times
Reputation: 8783
Check out today's jobs report and tell me things are getting better, lol.
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Old 07-23-2009, 08:41 AM
 
Location: Raleigh, NC
9,059 posts, read 12,969,306 times
Reputation: 1401
Emmanuel = a**hat.
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