White House Official: “We Know He Needs to Be Out There to Talk About the Economy Next Week”

“We know he needs to be out there to talk about the economy next week,” a White House official told ABC News.
Talk isn’t going to get it done and either will the 30 Billion loan program.
NoBo needs to spend a good solid week listening to all new voices. What he’s doing isn’t working. That is painfully evident. He needs to send Timmy and Larry on vacation in Siberia. He needs to listen to different money and business people, folks with contrary perspectives.
In short, he needs to finally talk to people who actually understand business and the economy. Then we all have to Hope and Pray the man finally grasps and comprehends how the economic engine runs.
I know, there’s hardly a fly’s fart chance of that happening but you have to have Hope.

White House Official: “We Know He Needs to Be Out There to Talk About the Economy Next Week”……….But we can’t get him off the playground to do anything
Whats he going to talk about?, the failed stimulus? the job destroying healthcare?….The INCREASED cost of healthcare that the media is so carefully trying to hide…maybe he will talk about the need for a taxpayer funded union bailout
OBAMA VS AMERICA

Remember that the last guy who ‘needed to be out there’ for a breaking news financial crisis was John ‘fundamentals are strong’ McCain… watch out there MR POTUS.. history may repeat itself.

I have a solution he needs to RESIGN

…try to remember.. free speech is only for the left and for Obama supporters.. not for the rest of us…

How can Obama offer solutions to help our economy get back on track, when he is in obvious denial on the state of the economy?
Today’s GDP revision was largely expected by people who follow the economy who have been studying the facts. The belief was that the preliminary number of 2.4% was goosed, so it was not to be trusted. Today Krugman has put out a piece whose title could not be more clear in describing the “realists’” views: “This is not a recovery” That is the reality.
The situation is what it is, regardless of what picture the President may want to paint. We understand that economy is in bad shape- those of us outside of Martha’s Vineyard can feel it. But we all need to work to get out of this situation, and that involves acknowledging which policies have been successful and which have fallen short. Focus on developing measures that work, rather than trying to justify programs that are not working. We need honest talk, don’t read us a fairy tale.
The President should understand that we are adults and that we can deal with the reality. The question is: Can he?

Only if he stops with the lies, and tells the truth.

“If you like your health care plan, you can keep your health care plan.”
…unless you are one of the 3 million seniors who may be forced to change their prescription drug coverage this fall.
“If you like your health care plan, you can keep your health care plan.”
…unless you are on a university provided student plan.
“If you like your health care plan, you can keep your health care plan.”
…unless you work for one of the 90% of companies that expect to lose their grandfather status by 2014.
[If You Like Your Health Care Plan, You Can Start Beating Your Head Against the Wall Now - Peter Suderman]

The economy is not as bad (not yet anyway) as some say yet it is definitely not as good as the President says it is…yes, it sucks and yes it is getting worse. The press could their jobs and do a clip of Biden saying how wonderful everything is and then show help wanted ads that show that indeed there are jobs but the majority doesn’t pay above minimum wage or show the people in affluent areas waiting for mortgage help, or the 40,000 souls in East Point GA. waiting in line for Government housing. Or visit the areas where vacationing is the economy and ask them how it went this year. I was drove through a town last week known for tourism and it looked like a ghost town. Yes the President has done a great job of saving public sector jobs, propping up union pension plans and ensuring his people have work yet the people in the real world have and are taking it on the chin or up the you know what. But instead of these stories we get a press hell bent on showing how much butter the Obamas used when eating their lobster.

$30 billion loan program for small businesses? Why would we borrow money? How do we pay it back when our customers aren’t spending? We survived the 2008-09 lack of confidence, but we are worried we won’t survive this round. Loans to the dying won’t help.

Barry could add 23,000 good paying jobs today if he would abandon his junk science and lift his drilling ban.
Posted by: Foghorn Leghorn |
Really? According to the NYT, “Even the government’s estimate of the impact of the drilling pause — 23,000 lost jobs and $10.2 billion in economic damage — is proving to be too pessimistic. ”
(Job Losses Over Drilling Ban Fail to Materialize)

Flash,how would more infrastructure spending help the economy? We had a $800 billion stimulus that was supposed to have addressed that. Haven’t you seen the Recovery signs at all of those jobs painting lines on roads and resurfacing highways?How many “stimulus” projects do you have in your community?Is your community eligible for stimulus funding?Doesn’t your riding have access to the same infrastructure funding that you think would help?

Haven’t you seen the Recovery signs at all of those jobs painting lines on roads and resurfacing highways?
=====
O/T, but there is a really interesting Recovery sign placement in my area. The sign is at a prominent spot on really busy highway off ramp coming into my town. The actual project is a couple miles away, in a much less busy location.

Posted by: Noz |
We agree to a certain extent. President Obama needs to do more than get out there and talk. He needs to get out there with an ambitious agenda that goes beyond the small business lending initiative. Who cares whether Republicans will vote for additional recovery efforts this close to midterms or some Dems are feeling panicky? Liars, obstructionists and chickens will be liars, obstructionist and chickens, regardless of what you do, Mr. President.
Be bold, Mr. President. Be bold.

Be bold-are you kidding? Obama must be a Christian-if he isn’t an example of the meek inheriting the Earth I don’t know what is.

our own version of Nero- while Roma (the US) burned economically, our emperor feasted on lobster, DAILY. tuff being a dictator of a third world nation, huh?

Be bold-are you kidding?
No. America likes bold. the President needs to come out with a bold agenda.
Although any agenda at all trumps the Republicans.

Our city newspaper prior to Obama’s January 20, 2009 coronation had 10 full pages devoted to help wanted, now it consists of 1/2 page and sometimes 1 paragraph daily.

Destroy? Funny stuff. Unemployment claims related to the oil industry have been in the hundreds, not anything near the hundreds of thousands Republicans predicted, and the fact remains that had BP not screwed up, there wouldn’t be a moratorium.
Posted by: Kris |
Yes destroy. It is the antonym of create.
And what is this “republicans predicted” nonsense? Barry’s advisers predicted 23,000.
BP was the crisis that enabled the moratorium. The fact remains that if Barry had NOT declared a moratorium OR if Barry wasn’t fighting the courts that have ruled against his moratorium then there wouldn’t be a moratorium.
The fact remains that the moratorium has cost jobs.
The fact remains that the moratorium has reduced oil production.
Your celebration of the assertion that, so far, the moratorium hasn’t destroyed as many jobs as Barry thought it would is bizarre.

Posted by: Foghorn Leghorn |
I realize that confederate movement bloggers were talking about the 23,000 yesterday as in the estimated 23,000 workers in the deepwater drilling industry whom the White House allegedly wrote off in pursuit of its “junk science-based drilling moratorium”— and you’re quoting them word for word, but is that honestly all you know about the subject?
Look up the Republican predictions, and laugh along with me, when you then go to the New Orleans Times-Picayune and discover that overall employment data in coastal parishes shows very little change since the drilling ban.

“Yes destroy. It is the antonym of create.”
Okay, I have to comment on this because I love the polar oppositional black and white either/or thinking. So typical.
And where does the truth lie?
Dead center. Neither/nor
Hilarious.
Get your head out of the extreme right blogosphere talking points once in awhile. There’s a whole world out here.

Why does he need to be out there? Joe Biden was “out there” yesterday touting the trillion dollar stimulus in New Hampshire. There wasn’t a dry eye in the place, tears of laughter I mean.

Posted by: Yep I said that |
I was responding to someone using a hyperpartisan culturally conservative confederate movement blogger as a source. I’ll stick with the NYT on this one.
If you don’t like the NYT, btw, you can read the New Orleans Time New Orleans Times-Picayune, and get informed, rather than repeating talking points that are bent.

A GREAT way for the WH to introduce a discussion of the economy would be to change the Tuesday speech from an Oval Office Address to a press conference.
Reporters would ask him about the economy, certainly.

Calm down people. If only the dolts in flyover country would support more govt spending,everything will be fine.
I wish the administration would just tell us how much spending will be enough to make this all better. If every unemployed American had a job at factories that make stimulas signs we would solve the problem.
$2 trillion? $5 trillion? $1 gazillion?

Yep I said that | Aug 27, 2010 12:37:41 PM posted: “using the NYT’s as a source…. That left wing radical piece of paper should only be used in birdcages.”
Actually, I appreciate posts with source references. Whether or not we agree with a newspaper’s political stand, posting a source shows the information has been checked by an Editorial staff.
Kris also posted “go to the New Orleans Times-Picayune and discover that overall employment data in coastal parishes shows very little change since the drilling ban.”
Is the Times-Picayune an acceptable source? That paper’s editorial stance is moderate to conservative. During my years working around New Orleans it’s my recollection that the Picayune usually endorsed Republicans in state and federal elections.

What good will it do for HIM to be out there talking about the economy? HIS Obamacare and promise of higher taxes has businesses laying low. Less regulation and less taxes is the answer. Corporations and businesses cannot be taxed they just pass it on to us.
After the crash of 1929 unemployment actually rose after the government began to tinker with the economy. In fact the US Secretary said this, “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong…somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises…I say after eight years of this administration we have just as much unemployment as when we started…And an enormous debt to boot!”
So it seems history does repeat itself? It seems that the White House and the Congress intends to repeat many of the errors of the last Depression that came to be known as Franklin Delano Roosevelt’s New Deal.
Meanwhile the national debt marches on and the CBO projects the cost only to service the debt will be 900 billion dollars by 2020. Currently the cost is 164-184 billion dollars just to service the debt.
So anyone that believes in the Obama/Pelosi/Reid triad needs to check their math.
BTW the CBO all but uses the “rationing” word for Obamacare seems that we have been snookered on cost, just as Glenn Beck told us.

“the Commerce Department’s Bureau of Economic Analysts revised downward 2nd quarter economic growth of the real gross domestic product, indicating the output of goods and services produced by labor and property in the US grew by an anemic 1.6%, rather than the original estimate of 2.4%.”
There’s only one logical explanation. The GDP numbers are racist and want Obama to fail.

There is no one in a better position than Obama to know how bad the economy really is, and he is on vacation. It must mean that the economy is OK, right?
Maybe ‘crunch time’ only applies to September and October. After all, the real ‘job’ of the President is to get his compatriots elected and reelected in November?

The best thing Obama could do to help the economy would be to resign. I am not kidding.

Obama still has drilling shut down in the gulf costing hundreds of millions per week and thousands of jobs. But hey, his golf game is improving from what i have heard.

TALK? That’s his big plan for “Recovery Summer” (TM pending) where we’re supposed to see 250,000 to 500,000 jobs added to the workforce every month as the stimulus finally proves it wasn’t a waste of money but really is working?
And when it flops like this… he’s going to TALK?
What could he say that I’d possibly want to hear? He was wrong, his plan didn’t help, his fix made things worse and he has no plans that will actually fix this mess, and he wasted a lot of money for no real gain… do I need him to tell me this, or should I expect him to lie again instead?
Let me guess, he’s going to promise 500,000-750,000 jobs a month this winter to make up for the disaster our summer has been? Q1 growth 3.7 revised to 3.1 revised to 2.7… may go lower. Q2 2.4 revised to 1.6… may go lower.
Yep, 2.7 Q1 growth, 1.6 Q2 growth is the current numbers so Obama is right; we’re “Heading in the right direction”… if the goal is a double-dip recession.
Any guesses that he’ll admit his highly promised “Recovery Summer” was worse than Q1?

..I agree .. to some extent that Obama got stuck with a new era of economic restructuring..on top of the bank collapse.. now, why didn’t he get a team to address this in 2009? The money spent seemed extreme..

They want EVERYTHING for themselves, not just the hights profits in 10 years.
Posted by: Stephen |
You would prefer that companies act as stupidly as our politicians?

I wish the media would stop talking about the bad economy. The media is scaring people to death and is the main reason why the economy is not moving ahead. We are scared because we hear every day, 24 hours a day that the Economy is bad, so people do not spend even those who have money will not spend it for fear of things getting worse. The more the Media talks about the bad economy, the scarer people get and the less they will spend.

Rules issued in June by the Interior Department “provide an adequate margin of safety to responsibly allow the resumption of deep-water drilling,” according to the report today from the Bipartisan Policy Center, a Washington-based research group. The rules, if followed by BP, Apache Corp. and other drillers, and enforced by regulators, “will achieve a significant and beneficial reduction of risk.”
Posted by: Foghorn Leghorn | Aug 27, 2010 4:46:15 PM
Yes, I’m also impressed with how quickly the Obama administration acted to pull the industry back in line attempting to avoid another disaster.
And I appreciate their moratorium to ensure everything is covered.

Maybe he should talk about what he has against Israel;
Z STREET, a pro-Israel non-profit corporation, filed a lawsuit in federal court today charging that the IRS violated the organization’s First Amendment rights. The suit was filed after Z STREET was told by an IRS official that its application for tax-exempt status has been delayed because an IRS policy requires consideration of whether a group’s views on Israel differ from those of the current Administration.
Meanwhile we pay a muslim to travel for the administration.

For a while I was puzzled by Conservatives’ adoration for the state of Israel.
Then I discovered certain Christian Zionists believe the establishment of the state of was a precursor to the Second Coming of Christ. And war is prophesied.
Posted by: green.goddess |
Certain socialists and Islamists believe that Jews should be “eliminated”. Can we conclude that is why some are calling for the end of aid to Israel? Can we conclude that is why many refuse to take Iran’s threats seriously?

@kris
Didn’t like the Bloomberg source huh?
If you want to bother to re-read my original post you’ll see the “IF” was there though it beats me why you think it is some kind of brilliant insight that “IF” an operator doesn’t follow the new requirements then the new requirements won’t work.
Thanks for the quote from Jason Grumet saying the moratorium should be lifted as soon as possible. I’m certain you will join with me in demanding that Barry lift it immediately for any and all rigs which are currently in compliance so that Americans can go back to work and feed their families and stimulate the local economies that have suffered enough from circumstances beyond their control.

As I’m sure you’re aware, I didn’t question your source.
Posted by: Kris |
The hell you didn’t.
kris: I realize that confederate movement bloggers were talking about the 23,000 yesterday…”junk science-based drilling moratorium”— and you’re quoting them word for word
kris:So maybe you wanna quote Malkin again or something?
The snarkiest one was deleted.
And you didn’t go to the original source, you went to the AP.
Then there was the personal attack but that’s what people of your ilk do. Obviously.
The rest of your post was fine.

Posted by: Foghorn Leghorn
Correction: I didn’t question your Bloomberg source. I went on to note something from the same article, in fact. The junk science quote from Malkin was worth calling out, as it was uninformed.
The full quote cited from the AP was from the report, all in quotation marks. And I checked it. (You can too if you go to the Bipartisan Policy Center). Since its a pdf file, I copied and pasted from AP.

Posted by: Foghorn Leghorn |
And yet, the effect on employment Feldman (whose most recent financial disclosure form indicates that he is heavily invested in oil companies) predicted in July has failed to materialize, and another moratorium was issued, not focusing on water depth but rather drilling technology.

And yet, the effect on employment Feldman (whose most recent financial disclosure form indicates that he is heavily invested in oil companies) predicted in July has failed to materialize, and another moratorium was issued, not focusing on water depth but rather drilling technology.
Posted by: Kris |
And yet the moratorium is yet to be lifted so, like the stimulus, its effects continue.
I thought progressives liked judges with agendas.

I thought progressives liked judges with agendas.
Posted by: Foghorn Leghorn | Aug 28, 2010 8:11:32 AM
that’s more of a right winger thing.

President Obama, Mayor Bloomberg, Governor Quinn, his Republican challenger Bill or Tom Brady, his Georgist challenger, except for me, David M. MANN, Mark Kirk and Alexi Giannoulias, and other political non-Georgist candidates, especially Sarah Palin, all better bone up on Henry Georges theories, ideas, and principes, simply because you can only be totally ignorant, and totally un-educated if you arent and dont know the three (3) factors of Production–Land, Labor, AND then Capital, and the three laws that are much more important than The Law of Supply & Demand: Competition, Economic Rent, Wages and Interest! And what causes poverty? Progress actually creates and enhances poverty! The Land-Owner-Holder-Tenure-ers and the average, below and above average citizens of this and every nation must know the land belongs to the Native American and everyone, NOT Ted Turner, or anyone person or entity! This is exactly why,with 65 days left to go before the Illinois and other U.S. State elections, I MUST be the Independent Write-In candidate for Governor of Illinois and 19 other U.S. States, and be in time to stop both the Democrats and Republicans who want Sarah Palin in 2012! Thats the worst thing they can do! She knows nothing of Over-Seas policy or even the political leaders and Heads of State of all nations! I DO! AND I can persuade them all to DO the Economic Rent-of-Land-Value Tax System! I dont care how how they’ll do it, just that they know and understand Henry Georges theories, principles and ideas, and how to use the correctly, efficiently, and effect-ively! Thats all I ask of them!!! Thank You!

Do you know that the constitution of the United States of America states that we Can Not give one dime to another nation, nor can we loan money to any other nation? Track it all the way to today and there has been no amendment to allow it. So, this has been going on for a very long time ..Illegally. Do you know that when Obama bowed to the king of Saudi Arabia, that was against the the constitution? Do you know that the speech Obama made in Egypt last year was the most disgusting speech any American could make? He mentioned , repeatedly American Muslims but only once made mention of Americans. Did you notice in that speech that he says the American Muslims were better educated and made more money than Americans? What a direct slap in the face for all of us.