Obama says the worst is behind us?

I've never known Obama to be truthful about anything.

It's somewhere in the middle and someone should tell Paul there has only been one Depression so far, the Great Depression of 1929. The worst is still here with high unemployment, a stagnant housing market, Obama's program to help stop foreclosures just crashed and burned, consumer confidence is in the toilet. People aren't spending money and the banks aren't freeing up credit to help them spend money. Anyone who thinks we're out of the Recession works for Washington or Wall St.

1 million new jobs created so far this year, 3 consecutive quarters of positive growth, of course we are in recovery mode but there is still a way to go.

What is interesting is the way you omit that Krugman's "3rd depression" warning was based upon the assumption that right wingers win the current global argument and shut down stimulus spending globally through a fantasy based fear of inflation rather than of the very real threat of continuing deflation.

Krugman's argument is that deficit spending is a normal and essential reaction to a recession. That we are lining up to abandon such a policy (mainly because of the fiscal irresponsibility of the Bush and Reagan tax cuts which left us in deficit during the supposedly good times) is what he warns against.

http://www.nytimes.com/2010/06/28/opinion/28krugma...

Thats because Krugman is a loony Keynesian economist who thinks mega deficit spending is the only way out of a recession.

According to the financial analysts I hear on the radio we are headed for a double dip of recession and possibly a depression. The Obama has made things worse. You cannot spend your way out of debt and government interference just makes things worse. FDR extended the last depression by at least 7 years and the only way we got out was WWII.

If he's a loony, I guess I'll go with The President.

Thanks for the 2 points.

I don't believe either of them.

Obama's failed policy of excessive spending, supported by Krugman, will cause the Depression.

Krugman's insane suggestion to increase spending will only make matters worse.

Obama ALSO said the worst depression ever seen by any civilization in all of known time is the EXPECTED result of his own policy demands.

Was he lying then or is he lying now?

Obama does his best to paint a positive picture. He's not telling any fibs, he's just trying to be politically correct. Although it does not matter, many will find fault with anything he says or does.

It is possible the economy will get worse. America is experiencing a systems wide failure, not just economics. It'll be a long time before there is any significant change. Anyone blaming the president the ALL of America's problems is a fool.

Not till January, 2013.

i'm sure he said that, he also said alot of other things that were not true. i know the worst is behind us once he is out of office and a bit of time has passed.