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Obama channels McCain

By: Dan Spencer (Diary)  |  March 13th, 2009 at 03:33 PM  | 

RESIZE: AAA

Now that President Obama has scared the Congress into authorizing the expenditure of more than a trillion dollars. A feat accomplished by  constantly talking the economy down and endlessly referring to the worse economic downturn since the Great Depression. Today, Obama put on his rose colored glasses and declared most aspects of the US economy “fundamentally sound”:

The last person I heard call the economy fundamentally sound was Senator John McCain, back in September. The mainstream media had nothing but derision for McCain’s fundamentally sound remark. The New York Times took special umbrage wondering if McCain had missed the downfall of Lehman Brothers, Merrill Lynch and AIG.

Things are different now than when John McCain said things were fundamentally sound:

  • On September 15, 2008, The Dow Closed At 10,917.51; Yesterday, It Closed At 7,170.06. (Google Finance Website, accessed 3/13/09)
  • On September 15, 2008, The National Debt Was $9,634,090,464,815.55; Yesterday It Was $10,983,549,928,728,.74. (U.S. Treasury Department’s Treasury Direct Website, accessed 3/13/09)

Ever since McCain’s fundamentally sound remark, week in and week out, we have been told how much worse the economy is than it was the week before. At least that was the story before Obama signed the latest pork-infested big government spending bill earlier this week. Suddenly we are back to McCain’s fundamentally sound,

So where is the derision and the umbrage now?

Obama’s his top economic advisers found a little. Larry Summers told the Brookings Institution that it’s “impossible to know when the
crisis will end,” and Paul Volcker said, “there are big economic problems behind
the financial system too that are going to take longer to work
out and you can’t neglect those problems while we’re working on
this immediate, continuing crisis in the financial system.”,

No, it’s not the same as it was when McCain said fundamentally sound, but the derision and the umbrage would have been the same if that was McCain saying what Obama said today.

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COMMENTS

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  • MAGUY

    The MSM continues to cover all of this type of stuff up, helping O to remain personally popular. The Economy will probably recover in 2010 DESPITE O’s and the Dem’s actions and they will take credit for everything. And BTW did you see the Rasmussen poll – while it showed O’s ratings dropping it also showed that 80% of those polled blame all the economic problems on the GOP. With MSM covering for O and poorly informed voters it is hard to see how the GOP every gets back into power.

  • Leopard1996

    I am really starting to have a wretching hatred for Obama, and the rest of his lefty friends. The Hypocrisy is astounding.

  • izoneguy

    Your just starting???

    I was an original bamabasher….

    • Mike gamecock DeVine

      http://www.redstate.com/gamecock/2009/03/13/polling-crisis/

  • http://franklinslocke.blogspot.com/ franklinslocke

    He is such a hypocrite. This is just undermining his ability to lead. His political inaptness is detrimental to our economy and foreign diplomacy. Every time he speaks he is the country.

    http://franklinslocke.blogspot.com/

  • Freedomlover

    I’m sorry, but if the Messiah says the economy is sound, then we must believe. If he says it’s so, then it must be. Who are we, mere mortals, to doubt him. Forget the numbers, they are only a tracking poll, such as a political poll.

    Although, maybe after meeting with several CEO’s he may be having second thoughts on cap and trade. Maybe they scared him a bit?

  • zeebeach

    He won’t be listening to the CEO’s for advice. His arrogance is boundless.

  • Tbone

    No way this bozo ever gotinto or through college on his merits.

    • Freedomlover

      Tbone,

      Absolutely right. If he was this GREAT “head of the Harvard Law
      Review” why aren’t any of his writings for it made public? We can’t even get any of his transcripts! There is so much unknown. When, at least in recent history, has so little known about someone been accepted? And, what little we do know, been so ignored by the MSM?

      • Tbone

        That is why no big law firm or federal clerk job after Harvard and why Ayers had to write his “autobiography”.

        • Freedomlover

          It’s pretty funny, isn’t it, how people have been lured into the Obama persona by reading his books or at least saying they’ve read them. All the admirations of what a great writer he is and his “grasp” of the language.

          First of all, what arrogant “fool” writes two (2) autobiographies before he’s forty. Second, if they believe he wrote them, they’re fools themselves.

        • http://hillbillypolitics.com Steph C

          being able to read a word and pronounce it correctly and knowing what it actually means.

          For all of Bush’s mispronunciations, at least he knew what the words meant. I’m not sure Obama does.

          • Freedomlover

            Plain language should be a requirement in government. Particularly for a president. You might not have liked how Bush said things, but at least you knew what he meant. Obama’s flowery language is a tool to discourage debate and place him above the rank and file. If anyone should question his words, you either don’t understand them or not “sophisticated” enough to know what they mean.

            Every time I hear Obama speak I think of Dusty Springfield’s, “Son of a
            Preacher Man”. His speech patterns, use of the language and uplifted chin are identical to some preachers, can you say Rev. Wright! For all Obama’s protests against Wright, he undoubtedly learned a lot from the man. Obama may have thrown the Rev. under the bus, but not his influence.

  • paint_it_red

    Nice to know Obama is ceasing with the “sky is falling” crap that has so undermined the public confidence in the economy that has triggered nearly a 50% drop in the market in 6 months.