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Obama Changes Tone on Economy, Says Fundamentals 'Sound'
In a dramatic, and some might say cynical, change in message, President Barack Obama said yesterday that the fundamentals of the nation's economy are, "sound." The comments come just weeks after the president was consistently warning that the economy faced a "catastrophe" if Congress did not act to pass his $787 billion economic stimulus bill quickly.During the presidential campaign, then candidate Obama pilloried Republican nominee Sen. John McCain when he made similar remarks on the state of the economy. Back in September, John McCain expressed confidence in the nation's economy, saying that the fundamentals of the economy were, "strong." Obama attacked McCain for the remark, saying that it showed just how out of touch the Arizona Senator was with the struggles of average Americans.
But by almost any measure, the economy was in better shape in September than it is today. The Dow Jones Industrial Average is off more than 3,000 points since McCain made his remarks on September 15. Unemployment is up two percent from 6.1% in September to 8.1 percent today, including more than 650,000 jobs lost just last month. Consumer confidence stands at a near record-low of 25.0, down from 64 in September.
President Obama has been criticized for talking down the economy. Given all the bad economic news of late, his sudden shift from being the harbinger of economic bad news to the economy's cheerleader-in-chief can be nothing but pure political posturing. Still, it is better to have the president talking up the economy than talking it down. With more experience as president, Obama may learn to moderate his tone both in good times and bad.
Hat tip: RedState
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Mark Impomeni
Mark Impomeni is not a journalist, or a pundit, but a citizen with a keen interest in national issues. Skeptical and argumentative...moreRelated Articles
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Comments (108)
bonbon
12:44PM Mar 14th 2009
political posturing no it couldn't be that.
just another example of his flip flopping.
his montra doom and gloom wasn't any different than Bush'e montra of fear and terror.
and it got him what he wanted.
sure he os going to change his stance, hell it is the only thing he is good at.
he is wasting his time being president, he simply should be a professional campaigner.
because that is all this is, more campaign rhetoric.
just another example of his flip flopping.
his montra doom and gloom wasn't any different than Bush'e montra of fear and terror.
and it got him what he wanted.
sure he os going to change his stance, hell it is the only thing he is good at.
he is wasting his time being president, he simply should be a professional campaigner.
because that is all this is, more campaign rhetoric.
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PCL
12:44PM Mar 14th 2009
Just goes to show you, Mark, timing is everything.
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(0) PCL
12:49PM Mar 14th 2009
bonbon12:44PMMar 14th 2009
he is wasting his time being president, he simply should be a professional campaigner.
because that is all this is, more campaign rhetoric.
---------------------------------------------------------
Well, considering his success rate in the campaign--this could be a good thing, no?
he is wasting his time being president, he simply should be a professional campaigner.
because that is all this is, more campaign rhetoric.
---------------------------------------------------------
Well, considering his success rate in the campaign--this could be a good thing, no?
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(0) WOW
1:02PM Mar 14th 2009
Looks like Bush ...... with a deep tan.
Would you buy a used car from this man?
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(0) WOW
1:04PM Mar 14th 2009
Still looking for that change.
More spending, more borrowing, more inflating, and more bullshitting.
Where's The Change
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(0) brntrewesl
1:08PM Mar 14th 2009
Before the election, McCain said the economy was fundamentally sound. Obama and the press got all over him. Now, five months later, after the DJIA has declined by 25%, home foreclosures have reached historic levels and nearly 2,000,000 more people have lost their jobs, the Messiah makes essentially the same statement and his disciples marvel at his wisdom! Hypocrites!
BTW, B.O.*s job approval rating dropped again last week. It’s now 57%, down from 65% six weeks ago, and lower than GWB after two months on the job. Now that’s CHANGE!
BTW, B.O.*s job approval rating dropped again last week. It’s now 57%, down from 65% six weeks ago, and lower than GWB after two months on the job. Now that’s CHANGE!
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(0) bob
1:10PM Mar 14th 2009
Don't have time to listen to it right now. Did he start the statement off with "My friends..."?
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(0) WOW
1:12PM Mar 14th 2009
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(0) PCL
1:16PM Mar 14th 2009
JV,
Like I said to Mark above--timing is everything. (lol)
McCain said it during a campaign--it was political suicide then. Obama can get away with saying it now--and if things turn around, he can keep saying it. If they don't turn around and he keeps saying it, well then in 2012 he will more than likely suffer the same fate as McCain did in this past election.
Like I said to Mark above--timing is everything. (lol)
McCain said it during a campaign--it was political suicide then. Obama can get away with saying it now--and if things turn around, he can keep saying it. If they don't turn around and he keeps saying it, well then in 2012 he will more than likely suffer the same fate as McCain did in this past election.
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(0) JB
10:27AM Mar 16th 2009
We the people need to be heard!...........
There are TEA PARTY'S being held all over the U.S. on April 15th (TAX DAY).........
Find out where and attend!.........
Protest.........
If enough show up, we'll be heard...........
Go to the website and see where it's being held in your area...........
Speak-up before it's too late!.............
http://www.taxdayteaparty.com/
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(0) truth be told
1:22PM Mar 14th 2009
I think there's been plenty of change since Obama took over the Presidency a short two months ago. He's probably done more than ANY President in such a short amount of time. Turning around the family planning gag rules, getting stem-cell research going in the right direction again, getting a big stimulus package passed, putting together a budget that will raise the tax rate on the wealthy (which needs to be done). Oh yeah, starting the closure process of Guantenamo Bay, starting the END of the Iraq war. There's probably alot more than I just don't have at my fingertips. I'm sure he's probably undone some of the environmentally damaging crap that Bush was doing. Yeah, I'd say that there has been plenty of change since Obama took over, and it's been GOOD change.
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(0) bob
1:20PM Mar 14th 2009
WOW1:04PMMar 14th 2009
Still looking for that change.
More spending, more borrowing, more inflating, and more bullshitting.
Where's The Change
**************
Check under your couch cushions. That's what I did when "THE END IS NEAR!" fear-mongering began. Came up with a couple extra bucks to put toward a six-pack of Old Milwaukee to use to overcome the effects of non-stop doomsaying.
Had I known at the time the fundamentals were sound, I'd have poured that found fortune into a handful of shares of Citigroup.
Who knew Odrama would be holding out on us like that?
Still looking for that change.
More spending, more borrowing, more inflating, and more bullshitting.
Where's The Change
**************
Check under your couch cushions. That's what I did when "THE END IS NEAR!" fear-mongering began. Came up with a couple extra bucks to put toward a six-pack of Old Milwaukee to use to overcome the effects of non-stop doomsaying.
Had I known at the time the fundamentals were sound, I'd have poured that found fortune into a handful of shares of Citigroup.
Who knew Odrama would be holding out on us like that?
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(0) RustyShackleford
1:21PM Mar 14th 2009
Another thing McCain said during his campaign- actually it was one of his slogans- "No on-the-job training necessary."
Mark said "With more experience as President, Obama may learn to moderate his tone both in good times and bad." The key phrase is "With more experience..."
Mark said "With more experience as President, Obama may learn to moderate his tone both in good times and bad." The key phrase is "With more experience..."
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(0) Ruby
1:22PM Mar 14th 2009
Obama's change in message yesterday that "the fundamentals of the nation's economy are sound" may be an indication that Obama has benefited from his brief time in office as POTUS. Perhaps now there is more reason to have hope that Obama will continue to learn as all other Presidents have. We can hope so.
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(0) Marsha Bailey
1:23PM Mar 14th 2009
He only changed his tune after Clinton told him to stop being so negative. It's a shame that Clinton hasn't told him to ease up on trying to force his liberal agenda down our throats!
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(0) PCL
1:27PM Mar 14th 2009
Rusty,
McCain didn't have any 'presidential experience' either--so his slogan was, as the outcome of the election demonstrated, meaningless.
McCain didn't have any 'presidential experience' either--so his slogan was, as the outcome of the election demonstrated, meaningless.
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(0) RustyShackleford
1:36PM Mar 14th 2009
No, but McCain has more executive experience, and more experience in national politics and world affairs. Not to mention a war hero and a true patriot. Obama! is a fake. He's Pelosi's puppet.
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(0) Ruby
1:41PM Mar 14th 2009
JB1:22PMMar 14th 2009 We the people need to be heard!...........There are TEA PARTY'S being held all over the U.S. on April 15th (TAX DAY).........
But don't wait until April 15, send a teabag Washington DC on April 1: http://www.campaignforliberty.com/blog.php?view=12837
But don't wait until April 15, send a teabag Washington DC on April 1: http://www.campaignforliberty.com/blog.php?view=12837
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(0) Chris
1:47PM Mar 14th 2009
Not only was I never mayor of a city -- I was never even President of the P.T.A..............
I was never governor of anything -- much less one of the 57 States in the U.S....
I never had a real job..............
I've never been responsible for balancing a budget or turning a profit..............
I never owned a business.....but.....I was once a community organizer...............
I was a do-nothing senator in one of the 57 states for awhile -- (elected after getting all my opponets disqualified)...............
SO,......... I was wondering if you folks are amazed that enough ignorant Americans would actually vote me into office as President of The 57 Divided Socialist States of Nobama Nation?..............
I was never governor of anything -- much less one of the 57 States in the U.S....
I never had a real job..............
I've never been responsible for balancing a budget or turning a profit..............
I never owned a business.....but.....I was once a community organizer...............
I was a do-nothing senator in one of the 57 states for awhile -- (elected after getting all my opponets disqualified)...............
SO,......... I was wondering if you folks are amazed that enough ignorant Americans would actually vote me into office as President of The 57 Divided Socialist States of Nobama Nation?..............
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(0) moderate
1:46PM Mar 14th 2009
Just because McCain was a POW, does not make him more patriotic. Just makes him justifiable a bit angry.
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