Monday, March 09, 2009

Obama Too Busy For "Economy Stuff?"

Transcript excerpt from RushLimbaugh.com:

OBAMA: By the time we got here, there already had been an enormous infusion of taxpayer money into the financial system, and the thing I constantly try to emphasize to people is that if coming in the market was doing fine, nobody would be happier than me to stay out of it.

REPORTER: Right.

OBAMA: You know, I have more than enough to do without having to worry about the financial system.
RUSH: Now, that's an inspiring thing to say. I have more than enough to do without having to worry about the financial system. This does not inspire confidence among people who listen to what this man says. This frightens them. This whole answer that he gave, "I constantly try to emphasize to people that if coming in the market was doing fine, nobody would be happier than me to stay out of it." The dirty little secret is, Mr. President, we had stimulated the banks. We stimulated Wall Street, and it didn't work. This is a question that I asked last Friday. Aren't we about out of time now? Don't we have enough evidence that these political solutions don't work? We bailed out General Motors. Their auditors are talking about bankruptcy. We bailed out Chrysler, ditto. We bailed out banks, they continue to go south, they continue to lose their share price. The New York Times has had to sell and buy back or done some maneuver with its own building today. Anything that we have touched, anything the US government's bailed out is not working: AIG, Citibank, Citigroup, whatever, any of these banks, the vast majority of them, not all, continue to have trouble.

Entire transcript here.

1 comment:

Bawb said...

Just the kind of "leadership" I would expect from him and his ilk.