President Obama: Economy on bumpy 'road to recovery'

[WestVirginiaRebel]

Politico:

President Barack Obama on Friday told workers at a Chrysler plant in Toledo, Ohio, that the economy is on a bumpy “road to recovery,” hours after the release of a lackluster jobs report.

“This economy took a big hit,” Obama said. “Just like if you have a bad illness … it’s going to take a while for you to mend, and that’s what’s happening to our economy.”

Without mentioning the Labor Department’s May jobs report that showed the unemployment rate increasing from 9 percent to 9.1 percent, Obama said the economy has faced “headwinds” in recent months, including rising gas prices, the earthquake in Japan and instability in the Middle East.

“We’re going to pass through some rough terrain that even a Wrangler would have a tough time with,” Obama said, in reference to the Jeep truck produced at the Toledo plant. The quip was met with boos from the otherwise supportive employees in the audience.

Obama’s visit to the Chrysler plant was supposed to hammer home the point that his administration’s bold rescue of the auto industry prevented the loss of millions of jobs.

Amid a rising unemployment rate and a tepid 54,000 jobs created in May, though, Obama also sought to ease fears that the country could be slipping back into recession.

“We’ve got to rebuild this whole economy for a new age so that the middle class doesn’t just survive, but it thrives,” Obama said.
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A lot more people may be booeing the One if the terrain continues to be "Rough..."

[pollyannaish]

Poor guy. He feels the "malaise" speech coming and is desperately trying to stop it. He just hasn't a clue on how to get it going.

 

I read a Krugman article today that said the problem is that Obama did not spend NEARLY enough for NEARLY long enough and he predicted this would happen. The right can be goofy and lose their bearings, but at least they understand you can not spend your way out of debt. Even if you are a government.