Obama Blames Europe, Japan for US Economic Woes

  • Posted by a hidden member.
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    Jun 05, 2011 6:02 AM GMT
    I'm not sure that this is a line of defense that will work (or is even remotely believable).

    http://www.cnbc.com/id/43279028

    President Obama is pointing to problems in Japan and Europe as challenges for the U.S. economy, placing some blame on events abroad for a domestic recovery that is showing signs of slowing down.

    Government data released Friday showed employers in May hired the fewest number of workers in eight months and U.S. unemployment rose to 9.1 percent, up from 9.0 percent in April.

    That bump is a political challenge for the president, whose re-election in 2012 may depend on his ability to convince voters that his economic policies have been successful.

    Part of his pitch will include steering attention to outside forces as causes for economic woes at home.

    The president did just that in his weekly radio and Internet address, broadcast Saturday, by highlighting "head winds" that are affecting the United States.

    "Even though our economy has created more than two million private sector jobs over the past 15 months and continues to grow, we're facing some tough head winds," he said.

    "Lately, it's high gas prices, the earthquake in Japan, and unease about the European fiscal situation. That will happen from time to time. There will be bumps on the road to recovery."
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    Jun 05, 2011 6:06 AM GMT
    Was reading in the WSJ today that media advisors told him and Axlerod that blaming Bush had run its course and that analogy driving the car into the ditch was a mistake. Problem is people felt the car was still in the ditch and that he had done nothing to pull it out.

    So now they need a new boogyman. Blame it on Japan and Europe for our insane deficits and job numbers. We'll see how that flies in 2012.
  • Webster666

    Posts: 9217

    Jun 05, 2011 9:58 AM GMT
    socalfitness saidWas reading in the WSJ today that media advisors told him and Axlerod that blaming Bush had run its course and that analogy driving the car into the ditch was a mistake. Problem is people felt the car was still in the ditch and that he had done nothing to pull it out.

    So now they need a new boogyman. Blame it on Japan and Europe for our insane deficits and job numbers. We'll see how that flies in 2012.




    The car IS still in the ditch, and almost NOTHING he's done to pull it out has been successful. You'll find it hard to believe that I'm more disgusted than you are.
    I can't, for the life of me, understand why he didn't follow the FDR plan that was successful in getting us through the first Great Depression.

    For the record, he didn't "blame" Japan. It is a fact that the United States is dependent upon Japan for all kinds of high tech electronic parts that we use in a wide variety of industries. Since the tsunami, we can't get those parts, thereby forcing our companies that rely on those parts, to lay off employees, hurting our economy.