DOW breaks 8,000
- Thread starter The_Lillard_King
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The_Lillard_King
Westside
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Probably just politics, but here is to hoping it's true:
"We're starting to see glimmers of hope across the economy," the president said after a White House meeting with his economic team, including Treasury Secretary Timothy Geithner and top economic adviser Larry Summers. Federal Reserve Chairman Ben Bernanke also participated in the session.
Obama echoed Summers' prediction a day earlier that the "sense of a ball falling off a table" would end in a few months.
The president highlighted signs of thawing in the credit markets, particularly for small businesses seeking loans, along with tax cuts he said workers will soon see in their paychecks and a jump in mortgage refinancings due to historically low interest rates.
Obama said those positive moves as well as infrastructure work and other spending underwritten by his $787 billion stimulus program all point to welcome signs of long-anticipated economic improvement.
"We're starting to see progress," Obama said. "And if we stick with it, if we don't flinch in the face of some difficulties, then I feel absolutely convinced that we are going to get this economy back on track."
http://news.yahoo.com/s/ap/20090410/ap_on_go_pr_wh/obama_economy
"We're starting to see glimmers of hope across the economy," the president said after a White House meeting with his economic team, including Treasury Secretary Timothy Geithner and top economic adviser Larry Summers. Federal Reserve Chairman Ben Bernanke also participated in the session.
Obama echoed Summers' prediction a day earlier that the "sense of a ball falling off a table" would end in a few months.
The president highlighted signs of thawing in the credit markets, particularly for small businesses seeking loans, along with tax cuts he said workers will soon see in their paychecks and a jump in mortgage refinancings due to historically low interest rates.
Obama said those positive moves as well as infrastructure work and other spending underwritten by his $787 billion stimulus program all point to welcome signs of long-anticipated economic improvement.
"We're starting to see progress," Obama said. "And if we stick with it, if we don't flinch in the face of some difficulties, then I feel absolutely convinced that we are going to get this economy back on track."
http://news.yahoo.com/s/ap/20090410/ap_on_go_pr_wh/obama_economy
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Yes, but what he didn't say is that it will be replaced by the sense of a table falling on your balls.
barfo