Obama Cancels the Catastrophe

Originally posted on 2BucksWorth.com

I suppose I should be breathing a sigh of relief, now that President Obama yesterday struck an uncharacteristically optimistic tone regarding the economy.

"I don't think things are ever as good as they say, or ever as bad as they say," Obama stated. "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."

So things were worse that we thought they were, but are better than we think they are...and we think our thinking was worse than we think it is now. At least we think so...

Not only did he begin a strategic withdrawal from his earlier talk of impending financial doom, but he gave us the entire Obama shimmy-sham in the one paragraph quoted above: qualify, blame Bush, then top it off with little bit of Hope tm. The only thing more breathtaking than his brevity and vacillation is his blatant hypocrisy.

Just a few scant weeks ago, our President warned Republicans that the current financial crisis would become a catastrophe (his word, not mine) if Congress paused to actually read, let alone debate, the Obama-Pelosi stimulus bill. So all the Democrats (save a stouthearted few in the House), and 3 turncoat Republicans, pushed the massive emergency stimulus bill through in record time. In case you're wondering, my own "conservative" Democrat congressman, Travis Childers, voted for the massive spending bill, because he answers only to Nancy Pelosi and not to the people who elected him. But I digress.

Then the President let it sit for four days before he signed it into law. Apparently, the mere threat of stimulus is enough to put catastrophes to flight, so there was no rush to spend the hundreds of billions, just waving it at the problem will suffice for a few days.

Now that we can stop wondering when the recession will end, we can move on to guessing how much longer we're going to buy the BHO bullcrap.

Nolanbuck