NYT Interviews Obama; No Economic Recovery This Year

Michelle Malkin is reporting that eyebrows are being raised at the lavish spending at the White House and by Team Obama since our new presidency commenced.

But if there is a party at the top of the U.S. government, that would be about the only festival going on.

In my neighborhood we are seeing foreclosures, stores closing, more people standing around without work, and the prospect of higher taxes and higher prices on everything as inflation could set in due to all our government debt.

And our mortgage interest write off will be reduced along any savings from the IRS we used to get for charitable deductions.

In an interview with the New York Times, President Obama offered little hope of an economic recovery this year.

And we know from several news sources that despite the president’s grim use of language about the economy, including the use of the word “catastrophe,” many have urged Mr. Obama to paint a brighter picture.

Here’s how the New York Times covered the president’s remarks on the economy today:

The president said he could not assure Americans the economy would begin growing again this year. But he pledged that he would “get all the pillars in place for recovery this year” and urged Americans not to “stuff money in their mattresses.”

“I don’t think that people should be fearful about our future,” he said. “I don’t think that people should suddenly mistrust all of our financial institutions.”

As he pressed forward with ambitious plans at home to rewrite the tax code, expand health care coverage and curb climate change, Mr. Obama dismissed criticism from conservatives that he was driving the country toward socialism. After the interview, which took place as the president was flying home from Ohio, he called reporters from the Oval Office to assert that his actions have been “entirely consistent with free-market principles” and to point out that large-scale government intervention in the markets and expansion of social welfare programs began under President George W. Bush.

Read the entire NYT article:

It seems almost as if the New York Times is being used to slowly get the word out that the economy will remain dead until at least next year….

NYT: After March 6 Economic News, “2009 is Probably a Lost Cause”

Obama: Crisis is time of ‘great opportunity’

 President Pelosi?

 Obama, Socialism, Fear, Lack of Confidence: Tanking Stocks, Skyrocketing Debt, Recovery Doomed This Year


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