Obama: Economic crisis ‘not as bad as we think’
Mar 12 05:49 PM US/Eastern
By JIM KUHNHENN
Associated Press Writer
Hold the ‘Catastrophe’: Obama Says He’s ‘Highly Optimistic’ About Economy
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WASHINGTON (AP) – Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is “not as bad as we think” and his plans will speed recovery.
Challenged to provide encouragement as the nation’s “confidence builder in chief,” Obama said Americans shouldn’t be whipsawed by bursts of either bad or good news and he was “highly optimistic” about the long term.
The president’s proposals for major health care, energy and education changes in the midst of economic hard times faced skepticism from both Democrats and Republicans on Capitol Hill, as senators questioned his budget outlook and the deficits it envisions in the middle of the next decade.
But Obama, speaking to top executives of the Business Roundtable, expressed an optimistic vision and called for patience.
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Well, “they” have passed the PORKULOUS bill and the various versions of TARP.
Guess they have always stampeded us into giving up more of our money and our liberty.
So much for “change”. Guess I’ll just have to “hope”.
So what are they going to repeal and cut.
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