Diary

Crisis, What Crisis?

Why there is nothing to worry about at all. In fact, according to the Daily News Washington Bureau we have the following:

– President Obama said Thursday the nation’s economic woes are not as dire as they seem and said his economic policies will get the country back on track.

I don’t think things are ever as good as they say, or ever as bad as they say,” Obama told CEOs at a meeting of the Business Roundtable in Washington.

Imagine the shock and surprise to those of us who thought the country was in an historic deepening economic crisis unlike we have ever seen and we better not use rose colored glasses because our American dream is being denied. Well now, where just would we get such and idea and who is the “they” he is referring to? Hmmm…. Here is the same Barack Obama:

It has become increasingly clear in recent months that we are facing an economic crisis of historic proportions. 11/26/08

“I know these are difficult times. I don’t think anybody here is viewing the situation through rose-colored glasses.” – Dec. 2, 2008, to the National Governors Association in Philadelphia.

“We start 2009 in the midst of a crisis unlike any we have seen in our lifetime, a crisis that has only deepened over the last few weeks.” – Jan. 8, in a speech at George Mason University in Fairfax, Va.

“There are American dreams that are being deferred and that are being denied because of the current economic climate. There is a devastating economic crisis that will become more and more difficult to contain with time.” – Jan. 9, at a news conference.

Now what in the world could have made him go from historic crisis to things aren’t so bad. Maybe this quote is a hint:

We have a once in a generation chance to act boldly, to turn adversity into opportunity, and use this crisis as a chance to transform our economy for the 21st century.”
2/12/2009

Give yourself a star if you guessed correctly, it just so happens there was a stimulus bill in Congress of, yes, HISTORIC proportions, and it was the Democrats’ chance to fund this monstrosity of a slush fund.

But now, with very little of the stimulus bill being funded, things just aren’t that bad. After giving CitiBank a $45 Billion bailout, they are suddenly sitting cash flush. And what about GM, which we were recently told by their accountants couldn’t be a viable business and wouldn’t survive past March without many more billions? Curiously, they all of a sudden don’t need more money. What? Did the government fund the union pension fund and take that off of GM’s books? Bank of America and AIG are all of sudden getting better also. Like I said, curious. But no matter, all is well, and since it isn’t as bad as they say, there is no need for further funding of that pesky little stimulus bill, right, Mr. President? Er…Hello?