Economic Crisis Not That Bad - Translation: Thanks, I Got What I Wanted

I was just kidding:
Obama Declares: Economic crisis 'not as bad as we think'...
Summers: 'Excess of fear' must be broken...
Retail sales not as bad as feared...

Obama: Stimulus needed to avoid 'catastrophe':
President Barack Obama pressed Congress Monday night to urgently approve a massive economic recovery bill, using the first prime-time news conference of his presidency to warn that a failure to act "could turn a crisis into a catastrophe."

Clinton: 'Never waste a good crisis'
US Secretary of State Hillary Clinton today told an audience "never waste a good crisis", as she highlighted the opportunity of rebuilding economies in a greener, less energy intensive

Crisis leads Obama to pick staff quickly -

Less than three weeks since a historic election night, Obama has filled most of the top jobs on his White House staff and floated the names of potential picks for much of his Cabinet. He is poised to announce his national security team after Thanksgiving. Discussions with New York Sen. Hillary Rodham Clinton remain "very much on track" about the job of secretary of State, her spokesman Philippe Reines says.

It is an unprecedented pace and a sign of how the economy's dive is accelerating the traditional transfer of power in Washington. Since World War II, only presidents Dwight Eisenhower and the elder George Bush made any Cabinet announcements before December.

Obama urges quick passage of stimulus plan
U.S. President Barack Obama urged Congress on Monday evening to quickly pass his economic stimulus plan of more than $800 billion US, saying "the federal government is the only entity left with the resources to jolt our economy back to life."

Only government "can break the vicious cycle where lost jobs lead to people spending less money, which leads to even more layoffs," Obama said during his first televised news conference in the White House since he took office Jan. 20.

Thanks for passing all our leftist pet projects; got what I wanted. Turns out it was a false alarm, everything is fine. It was bad enough that we needed to spend almost $800 billion, but not so bad that you guys should stop spending money, cause your making me look bad. Thanks folks it was nice screwing you over. Now bend over and take your stimulus.


Logistics Monster said...

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Love the posts, and the photos!

Diamond Tiger
Logistics Monster

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