Obama: "Tea Party" Wrong on "Culprits" of Economic Woes

by: Dave Cook  |  Christian Science Monitor | Report

President Obama asked for patience with the pace of economic recovery at a town hall-style meeting in Washington Monday.

Washington - On a day when the nation’s official economic umpires said the recession ended over a year ago, President Obama spent an hour on TV Monday defending his handling of the economy and charging critics from the "tea party" with “misidentifying who the culprits” are behind economic tough times.

For slightly over an hour, Obama appeared at a town hall style gathering called “Investing in America,” hosted by the business cable channel CNBC at the Newseum journalism museum in Washington. He admitted that “times are tough for everybody right now” and noted that the recovery fostered by his policies “is slow and steady as opposed to a quick fix.”

The National Bureau of Economic Research, a panel of academic experts responsible for dating recessions, said the recession lasted 18 months and ended in July, 2009. It was the longest recession the country has endured since World War II, and cost the economy 7.3 million jobs, the panel said.

When asked about tea party critics of his policies, Obama first noted that the US has a “noble tradition of being helpfully skeptical about government.” But he said the problem he saw in the debate about the direction of the country now taking place was that the wrong “culprits” were being blamed. He then noted that under President George W. Bush there were two tax cuts and two wars that were not paid for.

The president told CNBC anchor John Harwood that the challenge for the tea party is “identifying specifically what you would do” to deal with economic problems since often solutions involve “very difficult choices.” The president added that the nation would “not be able to solve these problems just by yelling at each other.”

Obama disputed tea party activists who argue that the government is now engaged in activities which go beyond the scope of what is authorized in the US Constitution. He argued that “the federal government is probably less intrusive now than 30 years ago.”

In response to an audience member who charged the Obama administration with treating the business community like a piñata, the president responded, “there is a big chunk of the country that thinks I’ve been too soft” on Wall Street.

When asked if he would debate policy proposals with House Minority Leader John Boehner, he said it was “premature” to expect Boehner to be the next speaker of the House, something that would happen if the Democrats lose their majority in the House.

Sitting in front of a studio audience that included business executives and students, the president reiterated his oft-repeated call for patience with the pace of the economic recovery which has resulted in a 9.6 percent unemployment rate. “It has not happened fast enough. I know how frustrated people are,” he said. 

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....."there is a big chunk

....."there is a big chunk of the country that thinks I’ve been too soft on Wall Street".... Fukin A right big man, fukin A right. Enuff said. Good day.



The fastest way to challenge

The fastest way to challenge the tea party simplistic solution mantra of cut taxes and cut spending, is to ask them to be specific about which programs to cut.



Is the TEA Party correct

Is the TEA Party correct about anything?



Republican government led to

Republican government led to the current situation. Bringing Republicans back into power--esp. when so many of them are pure nutcases--is NOT the solution!



What we should cut is $100

What we should cut is $100 billion or more of our offense budget.



Exactly, these phony Town

Exactly, these phony Town Halls are all about politickin' and knowing your place. They are used by politicans, the structured conferences pretend to be free-for-alls. To show how money controls even these venues , consider how Media Inc, extensively covered so called average Joes jumping up and scream "No single Payer!" during the health care Town Halls.
(As if the people would need a town hall to decide if they need affordable health care)
The average Joe more then likely has no idea what single payer even means, yet they are taking time out of their days to go shout in FAUX histrionics that the Russians are coming?
No way. The elite struggle for credibilty, in a time where no one believes we have a Democracy they attempt to get "folksy". If someone were to ask Obama a real question, they'd be quickly handled "Helen-Thomas" style.

To have Obush even mention the Bag Movement gives them more credibility then they ever shuld have had in the first place.



Let's count the many times

Let's count the many times O'Vichy mentions and considers the Baggers before November. Can't blame the Politicos for chasing the money. It's just so vulgar, they don't mention the middle class, but they recite Murdoch and Koch Inc.



Obama was actually asked

Obama was actually asked about Geithner and Summers, and gave a lame enough answer that should have people running from US politics in disgust. Obama is just window dressing for the decline and fall of the country. During Y2K, the paranoid survivalist types recommended stocking up on canned goods and pouring concrete for a bunker, they were seen as reactionary and a bit crazy. Today, these "radicals" don't seem to be as out of touch as first thought.



Obama--despite all the

Obama--despite all the carping, inherited woes, and GOP obstructionism--has been doing an excellent job. He has amassed an outstanding record of legislative victories and administrative achievements.

If you want the facts, rather than the hype, study this page:

www.obamarecord.blogspot.com/



Not surprisingly Glenn Beck

Not surprisingly Glenn Beck is on the wrong side of this issue (an history for that matter):

http://www.sharethisurlaboutglennbeck.com/2010/09/beck-sides-with-wall-st-opposes.html



Why the f&*k would a sitting

Why the f&*k would a sitting President even discuss Dick Armey's a-holes? Why is their stupidity even in the conversation? Because this Republican administration capitulates to big money and *allows* News corp's top disk jockeys to frame their discussions. Obummer and Media Inc would never mention the Green Party even if they had a pending cure for cancer, for example. Any thing that deviates from scheduled programming is shut out, and silenced.

It's the same silliness in trashcan quality local nooze, where the reporters focus on a stabbing when there are literally dozens of more important issues that will much more greatly affect peoples lives. Resist the Plutocracy!



Why should Obama discuss the

Why should Obama discuss the Green Party when it has zero influence? You have to organize and create momentum to make a difference. Unfortunately, the right has been doing that well lately, not the left. The left just sat on its hands and hoped that Obama could work some miracles--then became jaded when he faced 100% GOP obstructionism. Not how it works, if you want change. It takes people power--people out in the streets--to give politicians the leverage they need to effect change.



If the corporate media

If the corporate media ignored the teabaggers like it ignored the Green Party, they would also have little relevance...duh.



It's not that simple. If the

It's not that simple. If the Green Party had as much support and got as many people into the streets as the tea fools, it would not be ignored. But the Green Party isn't being bankrolled by the Koch brothers.



"then became jaded when he

"then became jaded when he faced 100% GOP obstructionism" Comment sections are loaded with stupidity, this has to be near the top in total ignorance. Who holds the majority in the Senate again skippy? It's about da'money, not the collective delusion of two vastly different parties.
00:10 referred to the FAUX noise machine not the Greens. News corp has free reign to dictate the conversation because they have the money to do so. Access=cash. Cash buys off Congress. (Wash, rinse, repeat.)



"Comment sections are loaded

"Comment sections are loaded with stupidity"

Believe me, 15:25, you aren't one to talk. People who want to make a difference have no use for your mindless cynicism.



Well, duh. But you don't

Well, duh. But you don't say WHY, Mr. Obama, that corporate vested interests set us against each other to keep us distracted from their thieving, greedy, evil, world-domination megalomania. I understand the premise of fighting fire with fire. The extremist right is being fueled by these vested interests and if the center right wants to hold power it needs to demonstrate this. But I also believe in accountability and honesty. The Recession is not over (and a Depression is right around the corner), and saying it is doesn't make it so. We had enough magical thinking from the last guy. The economists in the administration helped create these problems in the first place, and bringing them back to fix them during an economic crisis was as stupid a thing I've ever seen a otherwise smart person do. Obama needs to own his failure to hire good people to do the work his administration needs to do, and needs to starting firing a lot of people immediately. He has hired Warren, which is one baby step in the right direction. Unfortunately we are now a corporate oligarchy and the administration is rotted through and through with corporate hacks, compounding the issues we already had with a corporate Congress and an prior administration who pulled the final strings to get us into this horrible state we're in. Obama also needs to own the fact that we hired him SPECIFICALLY to FIX the mess left by the guys who came before him, not to take half-measures on other stuff that only maintains the status quo. This first two years has been half-assed at best, and this administration is going down if it does not reverse course and start acting as radically progressive as it promised it would be during the Obama campaign.



Obummer should have come out

Obummer should have come out and said Larry Summers, Robert Rubin were hugely complicit in the economy's crash. But to expect any words of truth or honesty from an appointed US Speech maker is delusional. 17:17, AIPAC, Wall Street and the Pentagon voted first, you participated in a nearly pointless ritual in November. Nothing will change if you continue to believe in the big lie, that the US is a Democracy.



By the way - anyone have a

By the way - anyone have a clue about the Newseum journalism museum? How it was funded, who paid to pour the concrete on this gaudy glass temple, where we can worship so-called "freedom of the press"?
Someone has to be laughing, laughing loudly at the perverse contradications, and near propaganda success this relatively large building attempts to promote? Even the Smithsonian is blushing in shame.



Gotta love Krugman on Sunday

Gotta love Krugman on Sunday mornings from the Nasuem , there's a great window view, and when the camera hits him he's obviously deep in thought. Maybe he's ready to punch George Will in his mouth, maybe not. He's got this awesome caught like a deer in the headlights look.
Now that's entertainment.



The defeatist cynicism that

The defeatist cynicism that runs rampant on the "far left" is oddly indistinguishable from GOP propaganda. Believe me, the GOP wants you to sit this one out. However, if you care about any progressive cause under the sun--from progressive taxes to funding health care reform to gay rights to stem cell research to judicial appointments to not attacking Iran (and much more)--you will not just watch the right-wing tea party wackos return us to the neanderthal Bush years and worse.



wall street produces no

wall street produces no wealth they profit from market instability they profit when a bubble is inflating and when it collapses ,people are angry but they don't quite know where to fix the blame , try wall street , still holding derivatives as assets



Too soft on Wallstreet, by

Too soft on Wallstreet, by far! Of course this article ignores the main cause of the economic collapse--the Democrat-controlled Congress and their policy of encouraging (forcing!) loans to very risky borrowers (I used to work in the mortgage loan industry).

It was the simultaneous default on all those high-risk mortgages that is mostly responsible for the economic mess we are in (that and everyone buying cheap crap from China at Walmart!).

Sure, it was laudable goal--extend the dream of owning a house to those who never could. Thing is, there was a DAMN GOOD REASON certain borrowers should have been ineligible for loans, just like there's a reason for having credit ratings, etc.

So, don't blame the Tea Partys.....blame Acorn, Freddie and Fannie and the folks in DC making loan policies!