rssPreviewing the President’s Economic Speech
Tuesday, April 14, 2009 at 9:11 am
- 3 Comments
President Obama heads to Georgetown University today to address the nation regarding the economy. On MSNBC’s “Morning Joe,” Christina Romer, chair of the Council of Economic Advisers, offered a preview of the speech’s message. Politico has the write-up.
Romer said Obama will address “what’s been going wrong” in the economy and also what the administration is doing to help.
The economic adviser said the administration is expecting to see some growth in 2011 or 2012.
“It certainly will take some time,” she said, adding that Obama knows the American people are still in for a rough time.
“That is something that he’s aware of,” Romer said.
Talking about the economy, no matter how he chooses to frame it, is tricky for Obama. People are worried about their jobs and mortgages, and angry about government bailouts. They want to know more about what kind of economic strategy the government has in mind.
At The Fix, Chris Cillizza says Republicans are looking at the speech as a possible opening to pin the economy’s woes on Obama:
Chris Wilson, a Republican pollster, added that the content of Obama’s speech today and how he frames the crisis are critical in determining how the message is received by the public.
“If he gives another speech like those he has given so far, the actual message America perceives will quickly change from ‘it’s the other guy’s fault’ to ‘I don’t know how to fix this,’” predicted Wilson. “When that happens, not only does Obama ‘own’ the problem, he starts to drown in it.”
So far, however, the public hasn’t blamed Obama for the economy, and Republicans haven’t put forward any economic ideas that have been embraced as possible alternatives to the government’s approach. It’s not surprising Obama would choose to continue addressing the biggest problem facing most Americans. But despite Wilson’s assertions, it doesn’t necessarily follow that the political stakes will be that high. Sometimes a speech on the economy really is just about the economy, and not about the polls.
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3 Comments
Comment posted April 14, 2009 @ 6:40 am
Will it discuss the scam that is the toxic asset plan to pass trillions of debt to the People?
“Geithner does not want a fair bidding process, nor does he want to arrive at a fair market value of assets. Rather, Geithner does want to avoid a hit to bondholders, at seemingly any taxpayer cost.
The Real Plan
Here is the real plan that now seems odds on to succeed.
The Plan: Dump $500 billion of toxic assets on to unsuspecting taxpayers via a public-private partnership in which 93% of the losses are born by the taxpayer.
Blatant Lies From Geithner
Geithner's two statements below are blatant lies.
1) “The investors are taking risk, their money is at risk and at stake”
1R) The reality is the investors at “PIMROCK” who participate in this plan will be reducing risk. They are willing to take a 7% hit by overbidding on toxic assets in order to guarantee payout on $trillions of bonds.
2) Allowing investors to leverage their money with government contributions and guarantees “is a relatively conservative structure,” similar to when an individual obtains a mortgage to buy a house.
2R) The reality is that Geithner's plan is NOT a “relatively conservative structure”. Geithner's plan is a purposeful attempt to dump trillions of dollars worth of toxic assets right into taxpayers' laps, just to bail out the banks that got us into this mess.”
http://globaleconomicanalysis.blogspot.com/2009…
Comment posted April 24, 2009 @ 3:10 pm
This is campaign payback.this obama guy is in bed with big business.GE is in a pinch wiyh shareholders over this.I believe the dems are just as responsible for the crisis as Bush.We are in for a lower standard of living thanks to this insane,biased,SOCIALIST take-over of our country.I believe he is a one termer,but im not sure if the damage will be fixable in the next 5 years.
Comment posted April 24, 2009 @ 10:10 pm
This is campaign payback.this obama guy is in bed with big business.GE is in a pinch wiyh shareholders over this.I believe the dems are just as responsible for the crisis as Bush.We are in for a lower standard of living thanks to this insane,biased,SOCIALIST take-over of our country.I believe he is a one termer,but im not sure if the damage will be fixable in the next 5 years.
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