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"It was a house of cards and it collapsed in the most destructive, worst crisis that we’ve seen since the Great Depression," Obama said. "And sometimes people forget the magnitude of it. You know, you saw some of that in the video that was shown. Sometimes I forget."
Mitt Romney's press secretary, Andrea Saul, responds: "It’s not surprising that a president who forgot to create jobs, forgot to cut the debt, and forgot to change Washington has now admitted that he’s forgotten about the recession. In fact, it seems that the President has forgotten that he’s been in office for the last three-and-a-half years. In November, the American people won’t forget."
"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we've had a run of bad luck." Obama listed three events overseas -- the Arab Spring uprisings, the tsunami in Japan, and the European debt crises -- which set the economy back.
When speaking to the nation in a primetime television address on Monday, President Barack Obama said that because less money was “coming in” during the recession, the federal government had to “spend even more.”
Originally posted by guohua
I guess that makes sense to somebody!!!!
I mean that money he's spending his Our Tax Dollars and if there's not enough coming in,,, you save and go with less,,,,,, You don't pay you electric bill our your mortgage because you want to spend that money on a trip to Spain with Mom and The Girls and 50 close friends.
Originally posted by Irish614
reply to post by Lasr1oftheJedi
That's why it would be nice to go back to the days of Lincoln and the people before him. Back then you were able to go to the White House and speak your mind to the president and representatives. Obviously after Lincolns assassination that all changed but imagine if we were able to do that today? He wouldn't be forgetting anything. It's almost as if when we get a president they become just a figure head, someone else is running the show behind the curtain and the American people fall for it. If you want real change vote Ron Paul. It's as if watching one of the founding fathers every time that man speaks.
Originally posted by Leftist
What a complete idiot.
This corrupt flunkie has got to go. Not that a republican would be any better, of course. The only solution is a hardcore Maoist government that adheres closely to the Mass Line and puts the needs of the people first.
I hope I live to see the Constitution torched with a bic lighter. Beacuse as long as we keep relying on an 18th century document to tackle 21st century problems, these are the kinds of leaders we are going to get.
Power to the people, right on!
edit on 5/11/2012 by Leftist because: (no reason given)