They’re worried that the nation expects him to heal the economy right away but they don’t see an economic upturn in the near future. What about his economic plan? Wasn’t that supposed to fix the economy? He made the promises and now he’ll have to deliver. Too bad he packaged himself as a new kind of politician because people actually believed that he would do what he promised he’d do. Suckers!
President-elect Barack Obama and his inner circle fear that some voters expect him to turn around the economy, wind down the war in Iraq and, perhaps, cure cancer — all by the Fourth of July.
They know they must manage and lower those expectations, CBS 2 Political Editor Mike Flannery reports.
A top economic advisor to Obama had a glum warning for the rest of us Thursday morning: Neither the job market nor the stock market will be turning around any time soon.
“This might be a long haul,” said Robert Reich, who was President Bill Clinton’s secretary of labor. “2009 is going to be a very hard year. Some economists say we won’t be out of this for two years, others are saying it may be three, or four, maybe five years.”
BTW, the Obama team sees the economic downturn as an “opportunity” to try things that they normally couldn’t do. So for them this is the time to experiment. Maybe it’s a good thing for them to lower expectation if they plan to tank the economy with their experiments.
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posted November 21, 2008 at 8:33 am
That might be a good idea to lower expectations. Let’s start with the corporations, States and others lining up to get a piece of that $700 Billion of OUR money to solve all their problems. Then let’s get ready for a total domination of the House and Senate to pass whatever their little liberal minds can come up with- silence talk radio so we don’t have a voice (since liberal talk radio couldn’t make it on it’s own), then put people like Eric Holder who pardoned terrorists in charge as AG. Add Hillary to the mix and do you see where we are going people? Unfortunately, it’s a bit late to cast stones………..get strapped in people- we are in for disasters the likes of which we have never seen.
posted November 21, 2008 at 8:41 am
So the Obamanation makes promises to get elected and now says, “Promises, what promises?”. We call that LYING where I come from.
Meanwhile Leader of The Cult of Global Warming, Pope Al Gore is predicting more natural disasters…here’s one for ya Pope Gore, it’s called The Obamanation, that is my prediction of a disaster.
Next Please!
posted November 21, 2008 at 8:51 am
Cry more, Michele. Your tears are delicious.
posted November 21, 2008 at 10:56 am
“We are inheriting an array problems unlike any president has faced, maybe since Franklin Roosevelt in 1932,” David Axelrod said. “It’s not going to be easy, not going to be quick.”
Whoa, they’re being honest with us about how long it’s going to take to fix the effects of Bush’s presidency.
By the way, when was the last time we heard a President and his cabinet tell us something was going to be quick and easy and will pay for itself with all of the oil revenues?
posted November 21, 2008 at 12:50 pm
Hysteria time! Our President-elect won’t be president until January 2009. He said it won’t be easy, but with the right people in place, and everyone doing his and her part we’ll do it. He’s not a magician, he’s a man with a reputation of getting the job done, and done well; this will be a different thing for our country, some children eight yrs. old have never experienced this.
posted November 21, 2008 at 1:28 pm
“Suckers”? Sounds like you WANT the Obama cabinet to fail this country. Biting the nose to spite the face, much? It’s your country too, no?
And, most people dont understand that economic up/downturns are not the direct responsibility of any one presidency. Bush’s policies helped bring our economy to the brink of collapse, but the seeds were planted under Reagan. And Clinton presiding over the boom in the 90′s was largely coincidental — it’s his creating the surplus that he can take credit for.
posted November 21, 2008 at 3:12 pm
what the conservative lunatic fringe doesn’t see in all of this is the great desire of the american people to move away from bush and his failed conservative policies.
it took 8 years for bush to get us here. it will take more than a few months to fix it. funny thing is that i don’t recall obama ever promising to “fix” the economy immediately.
posted November 22, 2008 at 4:56 pm
funny thing is that i don’t recall obama ever promising to “fix” the economy immediately.
That’s because he didn’t make any promises like that at all. Of course, you can’t tell the conservative whiners around here that. They’re too busy complaining about everything that Obama is doing before he’s even taken office to care about trivial details like facts.