« | »

Obama: We Can’t Rest On Our Laurels

From his unquestioning acolytes at Reuters:

U.S. President Barack Obama arrives at a Democratic party fundraiser at the Beverly Hilton Hotel in Los Angeles, May 27, 2009.

U.S. economy has stepped back from brink: Obama

By Doug Palmer Doug Palmer – Thu May 28

BEVERLY HILLS, California (Reuters) – The U.S. economy is showing signs of stabilizing after suffering the worst economic crisis in decades, President Barack Obama said on Wednesday.

"When you look at the economy right now, I think it’s safe to say we have stepped back from the brink, that there is some calm that didn’t exist before," Obama said at a fund-raiser for the Democratic National Committee.

Obama took credit for a large share of the turnaround, saying his young administration had accomplished as much or more in its first four months as any administration since Franklin Delano Roosevelt’s in the 1930s.

The relatively upbeat comments were in sync with a rise in U.S. consumer confidence in May to its highest level in eight months, as more believe the worst of the downturn is over.

But though the economy is showing signs of being on firmer ground, Obama said there was still much work to be done to get the United States’ fiscal house in order.

"We can’t rest on our laurels because we’ve got a lot of work to do" in areas ranging from healthcare to education to curbing dependence on foreign oil, he said.

Major reforms in areas such as financial regulation are also needed to move the U.S. economy beyond a "cycle of bubble and bust," Obama said.

"It’s a not a matter of us maxing out our credit cards, overleveraging our banks and creating new bubbles that replace the housing bubble," he told Hollywood celebrities such as Steven Spielberg and other donors who paid $30,400 a couple to attend a dinner where Obama spoke.

"It’s rather creating an environment in which we can have slow, steady progress and a foundation for economic growth that is sustainable," Obama said.

Obama spoke a short while later to a more raucous crowd which paid $1,000 to $2,500 to hear him and watch singer Jennifer Hudson and music group Earth, Wind and Fire perform.

The two speeches were expected to bring in about $3 million $4 million for the DNC. Pennsylvania Senator Arlen Specter, who recently joined the Democratic party after years as a Republican, also attended the dinner.

Recent data has suggested the economy is stabilizing after a number of turbulent months in which the U.S. unemployment rate has risen to 8.9 percent, 4 percentage points higher than at the start of the recession in December 2007.

But the economy is still losing hundreds of thousands of jobs per month and some analysts think the United States could be in for several years of high unemployment and weak growth, even after big job losses subside.

Would our watchdog media have reported Mr. Bush attending a Republican Party  a $30,400 a couple fundraiser in Beverly Hills in such recessionary times in such a forgiving manner?

Of course not.

"We can’t rest on our laurels because we’ve got a lot of work to do" in areas ranging from healthcare to education to curbing dependence on foreign oil, he said.

Major reforms in areas such as financial regulation are also needed to move the U.S. economy beyond a "cycle of bubble and bust," Obama said.

Mr. Obama is so modest. Any other politician would be more than ready to rest on his laurels after all he has accomplished.

But apparently Mr. Obama is not yet satisfied.

There is still a little bit of the private sector that has not been taken over by the government or unions. (But we repeat ourselves.)

And there is still some wealth somewhere that has not been redistributed in the name of ‘social justice.’

There is still a chance, however slight, that capitalism might yet survive.

And we cannot have that.

This article was posted by Steve on Thursday, May 28th, 2009. Comments are currently closed.

23 Responses to “Obama: We Can’t Rest On Our Laurels”

  1. proreason says:

    “saying his young administration had accomplished as much or more in its first four months as any administration since Franklin Delano Roosevelt’s in the 1930s Vladamir Lenin in the 1920s”

    the press stenographer must have got carried away and made a transcription error

    • Liberals Demise says:

      He can’t afford to rest on HIS laurels…………
      There is a country that hasn’t quite failed yet and he’s on a run!!
      DING DING DING!! (ringing his own bell)

  2. BannedbytheTaliban says:

    What happened to the crisis of biblical proportions that was due to hit unless we passed the stimulus bill immediately, without reading it? Not to mention that 99.5% of the money hasn’t been spent.

    Will he be signing the same tune when the commercial real-estate market crashes, massive inflation hits, unemployment hits 10%, America looses its AAA credit rating, and consumer spending drops to near zero so families can pay for energy under cap-and-trade?

    • JohnMG says:

      All that’ll be Bush’s fault!

      Your point is well taken. Less than 6% of the stimulus money has been injected into the economy, and that percentage has gone primarily to social programs. The rest is tied up in a mind-boggling fog of bureaucratic red tape. Odds are this bottom would have been realized sooner had the Moron done nothing. Instead he has already mortgaged at least 3 generations’ futures, even if he stopped spending right now–which he has no intention of doing.

      He should be standing trial for treason and dereliction of duty instead of raking in the millions at some fundraiser. What a yutz!

    • proreason says:

      “Odds are this bottom would have been realized sooner”

      Why do you think we have hit the bottom?

      It’s possible, I suppose, but unemployment is rising, mortgage delinquencies are rising, tax receipts are falling. And if it is a “bottom”, it won’t be the bottomest bottom we will see.

      The only thing I’m aware of that has improved is “consumer confidence”. But that’s a poll, and we know the value of polls, particularly when The Moron gets to write the questions.

      In my view, we are a long long ways away from the bottom with these fascists in charge. There may be some temporary up-swings, but I simply don’t see how the economy can improve permanently when more and more of the economy is falling into the hands of incompetant beaurocrats and we have gigantic inflation and/or new taxes and huge interest payments and the tsunami of “health reform” and “cap and trade” poised to annihilate whatever progress hard-working Americans are able to make.

      We are a long long ways away from the bottom.

    • JohnMG says:

      I didn’t say we had hit the bottom, pro. I said this bottom would have been reached sooner had he done nothing. I neglected to put quotation marks around “this bottom”, for I, too, believe it to be a momentary blip on the downward spiral. And I tend to agree–we have miles of rocky road ahead. I, for one, would appreciate seeing some of this “consumer confidence” of which I’ve been hearing, for it sure isn’t apparent in my business. From my viewpoint, it is non-existent. My clients are holding tight to their shrinking dollars in anticipation of seeing them evaporate in a surge of inevitable inflation.

  3. proreason says:

    Mortgage delinquencies are at a record high.
    Unemployment (if accurately measured) is about 20%.
    The GDP is down over 6%.
    The value of private homes on average nationally are down 30% or more.
    The national debt has doubled in 4 months.
    Private Banking no longer exists.
    Private Auto business no longer exists.
    700 small business were just shut down for political reasons.
    The Stock Market has possibly been destroyed forever. At the very least, the risk is extreme.
    Business funding through Bond sales has been destroyed.
    Inflation is poised to go through the roof.
    Seniors have had their lifetime savings reduced by 40 to 50%.
    Contract law is being flagrantly violated by the federal government.
    Tax cheats control the government.
    No administration has ever had as many failed cabinet nominees.
    Thousands of high-level government positions remain unfilled.
    Tax receipts are down 36%
    Credit companies are closing accounts right and left and jacking rates through the roof.
    The president and first lady urge college graduates to avoid private business.
    Gay Rights lunatics destroy a 20-year old woman because she believes marriage is sacred.
    A supreme court nominee has already acted in defiance of a judge’s oath of office.
    North Korea has tested nukes and missles.
    Iran is laughing at the US.
    We have dismantled the methods that kept us free from Terrorism for 7 years.
    CIA operatives have been humiliated for defending the country.
    Congress is filled with criminals.
    Europe laughs at US requests.
    China could break the US in a minute by refusing to buy our debt.
    The Moron sent Airforce One on a joy ride over NYC.
    The administration will not defend a single policy of its predecessor.
    Military funding is being cut.
    An attempt was made to make veterans pay for their own war-realated medical care.
    The president abuses his power by attacting talk-show hosts.
    The president’s chief of staff conspires with the media to destroy political opponents.

    But he doesn’t want to “rest on his laurels”

    • jobeth says:

      Pro…Your comment reads like a recipe the for disaster that it is. Like I said elsewhere, the shock and awe and speed of his actions leave us with our jaws on the floor.

      You just know he and his puppet masters are high fiveing behind closed doors.

      What a nightmare!

      This is a tad dated (April 14) but even CNNMoney can’t hide the story.

      From CNNMoney.com of all places

      Uncle Sam won’t make ends meet
      The IRS will bring in a lot of cash this week, but not nearly enough to foot the government’s bill this year.

      … All told, individual income tax receipts dropped 15% while those for businesses fell a whopping 57%….

      …But for the keepers of federal tax revenue, it’s a safe bet that next year is likely to be déjà vu all over again. The budget proposals on the table all exceed $3.5 trillion. And given the state of the economy, no one is proposing to raise taxes in 2010.

      “no one is proposing to raise taxes in 2010.”
      Who are they trying to kid…that’s the next step.

    • Petronius says:

      Pro, this is a remarkable list. I’m glad somebody is keeping score. At the risk of some redundancy, I’d like to tack onto your list. Nerobama has:

      Repeatedly disrespected / refused to support America’s three most important strategic allies, Britain, Canada, and Israel.
      Refused to support Netanyahu against Iran, which may prove to be the single biggest blunder in recent history.
      Suspended the USA’s missile defense system.
      In space of 100 days spent the USA into bankruptcy, with no ammo left for emergencies.
      The blame-Bush-apology-for-America tours.
      Release of top secret CIA memos and techniques.
      The ongoing threat against Bush-Cheney attorneys and staff with investigations, Truth Commissions, and criminal prosecutions.
      No response to Daniel Ortega’s 55-minute anti-American harangue.
      Open hostility to business leaders (sacking GM’s CEO, and threats against AIG execs, bank execs, credit card company execs, bondholders, hedge fund mgrs, et al.).
      Politicizing the census.
      Going after Americans with foreign bank accounts.
      DHS targeting veterans, pro-lifers, Ron Paul supporters, et al. as suspected / potential terrorists.
      Covering up the name of Jesus and Christian symbols at Georgetown University speech.

      But at the risk of repeating myself: It’s not just these programs and policies––although those things are bad enough. It is the way it’s happening. The shock and awe approach, as jobeth calls it. The blatant lies and propaganda, the arrogance, the threats, the thuggery, the no-opposition-will-be-tolerated and in-your-face conqueror aspect has to be seen as something novel, as something which has never happened before, but which will happen again. And again. And again. A line has been crossed.

  4. Right of the People says:


    I can’t stand to even look at his smiling, smarmy face anymore. The cretins in the MSM need to wake up and see what’s happening. Maybe when they close down the Boston Globe and the NY Slimes they’ll get the message. Pro you are so right, if Bush had done this they’d be calling for him to be impeached. It’s so sad to see that people are already forgetting what this douche bag said only four short months ago.

    I think I’ll go take my meds now and wash them down with some Wild Turkey. Is 1:30 too early to begin cocktail hour?


    • Liberals Demise says:

      I am here to tell ya …..if Bush had done this I’d be calling for his impeachment!!

      Now …… I am calling for Silverback Obama to be impeached for the same reasons!!

      As for cocktail hour ……make mine “TALL” and give me the adult dose x2 !!

  5. GL0120 says:

    No, we certainly can’t rest on our laurels, we have none!
    As has been so eloquently stated, the country has been put in a most precarious position thanks to an egotistical idiot and his willing accomplices in the media and congress.
    Soon we’ll have more people than ever dependent on the government for their every need. The Republican party needs to grow a set and grow it now before it’s too late!

  6. catie says:

    They talked about all the “major stars” at this event last night and they showed half of these people and I had no idea who they were. A room full of narcissists and the grand poohpah is chief amongst them.

  7. 12 Gauge Rage says:

    So we can’t rest on our laurels eh? First of all, you’ve got to do something incredibly significant that places you above everyone else to earn your laurels. And spending money that we don’t have, like a drunken sailor is hardly what I’d call significant.It amazes me how much of a pass this guy continues to get. His smug arrogance is only surpassed by that of the MSM. Of course for Obama it’ll always be that way with the press and their love fest for their boy. Or should I say a wad fest? Because after every speech he gives the press just blows their wad over his masterful oratory skills. PR, as always, you nailed it. Don’t ever stop posting your observations of the obvious that the media seem to turn a blind eye over.

  8. canary says:

    Well, after a long rest Obama is on a long vacation.

  9. proreason says:

    Rush doesn’t see the laurels:

    “I will admit here to just being frustrated as I can be. We’re watching the greatest economy in the world crumble right before our eyes. Every promised fix is failing right before our eyes. We have thrown trillions of dollars that no doubt cannot be tracked at all of these failing industries and the industries continue to fail and get worse. We have authorized a Porkulus bill of near $1 trillion to get shovel-ready projects going, to get the economy going, it’s not working. There’s no new employment to report out there, unemployment at 25-year high last month. None of it is working. And what angers me is I think this is by design.

    Nobody in their right mind, I don’t care, liberal, socialist, communist, everybody with half a brain knows that what is being done right now to fix the economy doesn’t fix an economy. But it does a lot of other things. It empowers the people who are spending the money. It keeps the people who are the supposed recipients of the money impoverished. It keeps them nervous, it keeps them on edge. Those people are happy and very, very comforted that the government is trying to do something. And so far it hasn’t worked and so Obama said, “We’re working on this, you ain’t seen nothing yet,” so they’re going to be content to sit there and wait for more assistance to come and it won’t come because it cannot come. ”


    • JohnMG says:

      Back to your point above concerning bottoming out. Obama is all about illusion. People are mesmerized by this con artist. Any slight indicator of an upward tick is jawboned into a miraclous turn-around due to his efforts. Such ARE his laurels. And the Obamabots, with nothing but mush in their heads, take another swig of the Kool-Aid. They’re convinced he’s magic.

    • Liberals Demise says:

      I just checked the going rate on the Obama coins sold at the “Decline of the American Dream”……………. they aren’t worth the paper they’re printed on!

    • proreason says:

      “Obama is all about illusion”

      It’s a hall of mirrors.

      They realized years ago that they can paint any picture with any set of data….and that they can manufacture any set of data that they want. With a zombie press sucking ferociously, there isn’t anything they can’t get away with.

      That’s why playing patty-cake with them won’t work.

  10. 12 Gauge Rage says:

    Then it’s time to open up some doors and start throwing some stones. Open the doors to blow out all the smoke, and throw stones to shatter the mirrors of his magic act. He who has the gold definitely makes the rules. And the rules are never made to suit a good purpose.

  11. wardmama4 says:

    Not the time to rest on Our Laurels – I guess the translation to that is – I’m not el Presidente for Life or el Presidente of the World (yet) so I must keep on keeping on.

    I think (see related article on Census) that the key to breaking down this house of cards that is The One ™ is ACORN – seems that all things bad lead back to this vile ‘community organization’ and back to it’s vile head ‘community organizer’. More than Glenn Beck and Bill O’Reilly need more everyones. Indys, Repubs, Conservs, Libertars, anti-Taxers, Fair Taxers, Flat Taxers, Anti-IRSers – you know, the average American to stand up and scream – Investigate, Press Charges and Find out who is at fault for this disgrace upon American non-profits, charities, voter/election fraud and citizens rights. ‘Cuz if we don’t felons and the dead aren’t going to be the only ones Voting Early and Often in 2010 and we will not rid this land of the fake known as The One ™ – who can’t be eloquent without a teleprompter.

    Must be done Now to insure that anyone other than a D wins in 2010 – so that the fixing and real solutions can begin.

  12. Rusty Shackleford says:

    “When you look at the economy right now, I think it’s safe to say we have stepped back from the brink, that there is some calm that didn’t exist before,” Obama said at a fund-raiser for the Democratic National Committee.

    Obama took credit for a large share of the turnaround, saying his young administration had accomplished as much or more in its first four months as any administration since Franklin Delano Roosevelt’s in the 1930s.

    (and pigs’ll fly outta my ass)

  13. MinnesotaRush says:

    “Obama took credit for a large share of the turnaround, saying his young administration had accomplished as much or more in its first four months as any administration ..”

    They need to add “.. in destroying the single most and greatest beacon of liberty and freedom in the worlds’ history!!!”

    Yes, mr o-blah-blah, .. please do take the credit. You deserve it!!!

« Front Page | To Top
« | »