Thursday, March 12, 2009

Obama tries to change his tune on the economy

After weeks of talking down expectations for a speedy economic recovery, President Obama tried to change his tune on the future of the economy today. According to, speaking to top executives of the Business Roundtable Obama said,
"A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we're down on the dumps," Obama said. "And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment."

"I don't think things are ever as good as they say, or ever as bad as they say," Obama added. "Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They're not as bad as we think they are now."

"And my long-term projections are highly optimistic, if we take care of some of these long-term structural problems."

President Obama's exuberance is underwhelming. Is that all he has got?

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