Kathianne
03-08-2009, 05:57 AM
Even an AP writer is acknowledging it's time:
http://www.google.com/hostednews/ap/article/ALeqM5hzxMIm4EJQJddvV_ZHPkN1pw8nJwD96P7RC80
EDITOR'S NOTE _ Tom Raum has covered Washington for The Associated Press since 1973, frequently reporting on the economy. Not a new hack.
Analysis: Obama recovery plans sowing some unease
By TOM RAUM – 20 hours ago
WASHINGTON (AP) — President Barack Obama offered his domestic-policy proposals as a "break from a troubled past." But the economic outlook now is more troubled than it was even in January, despite Obama's bold rhetoric and commitment of more trillions of dollars.
And while his personal popularity remains high, some economists and lawmakers are beginning to question whether Obama's agenda of increased government activism is helping, or hurting, by sowing uncertainty among businesses, investors and consumers that could prolong the recession.
Although the administration likes to say it "inherited" the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama's still-young watch.
Every day, the economy is becoming more and more an Obama economy.
More than 4 million jobs have been lost since the recession began in December 2007 — roughly half in the past three months.
Stocks have tumbled to levels not seen since 1997. They are down more than 50 percent from their 2007 highs and 20 percent since Obama's inauguration.
The president's suggestion that it was a good time for investors with "a long-term perspective" to buy stocks may have been intended to help lift battered markets. But a big sell-off followed....
http://www.google.com/hostednews/ap/article/ALeqM5hzxMIm4EJQJddvV_ZHPkN1pw8nJwD96P7RC80
EDITOR'S NOTE _ Tom Raum has covered Washington for The Associated Press since 1973, frequently reporting on the economy. Not a new hack.
Analysis: Obama recovery plans sowing some unease
By TOM RAUM – 20 hours ago
WASHINGTON (AP) — President Barack Obama offered his domestic-policy proposals as a "break from a troubled past." But the economic outlook now is more troubled than it was even in January, despite Obama's bold rhetoric and commitment of more trillions of dollars.
And while his personal popularity remains high, some economists and lawmakers are beginning to question whether Obama's agenda of increased government activism is helping, or hurting, by sowing uncertainty among businesses, investors and consumers that could prolong the recession.
Although the administration likes to say it "inherited" the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama's still-young watch.
Every day, the economy is becoming more and more an Obama economy.
More than 4 million jobs have been lost since the recession began in December 2007 — roughly half in the past three months.
Stocks have tumbled to levels not seen since 1997. They are down more than 50 percent from their 2007 highs and 20 percent since Obama's inauguration.
The president's suggestion that it was a good time for investors with "a long-term perspective" to buy stocks may have been intended to help lift battered markets. But a big sell-off followed....