More About Obama and the Economy

My friend Kim Priestap tackles Obama’s inconsistent attitude on the economy in the D.C. Examiner this morning:

President Obama’s sudden shift from “dark days are ahead” to “things aren’t that bad” is more jarring than comforting. It creates more questions than answers. What does “not as bad as we think” mean?

Is there no longer a looming catastrophe? If not, since the vast majority of the $790 billion stimulus bill has not been implemented yet, can some of it be rolled back to reduce unnecessary debt on future generations? Will the Democrats’ second stimulus bill be abandoned?

Coincidentally, the president’s optimism comes just as complaints about his handling of the economy reached a crescendo. Warren Buffet, a high profile and much needed supporter, said the economy had “fallen off a cliff” and criticized the president for using the crisis to promote his pet projects.

Howard Fineman wrote in a recent Newsweek article that the Washington establishment is beginning to have concerns that perhaps the president does not have what it takes to tame this economic beast. Treasury Secretary Timothy Geithner and Obama received failing grades from economists for their mishandling of the economy.

What approach do you think the President should be taking at this time? Post a comment below or let me know via Twitter what you think.

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This entry was posted on Monday, March 16th, 2009 at 8:06 am and is filed under Politics and Capitol Hill. The entry is tagged under economy, obama. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.