President Obama's Wrong Message to Wall Street Reflects Inexperience
By Bonnie Erbe, Thomas Jefferson Street blog.
President Obama continues to show his inexperience when discussing the economy in public. Americans need reassurance, not more depressing news from our president. Yet he did it again today:
Obama joined leaders from the OECD group of developed countries and the International Monetary Fund in predicting a difficult way out of the crisis, which Federal Reserve Chairman Ben Bernanke said required still more bold steps to prevent a costly, long-term catastrophe.
"The economy's performance in the last quarter of 2008 was the worst in over 25 years. And frankly the first quarter of this year holds out little promise for better returns," Obama said in a speech.
Brown's visit to Obama is the first by a European head of state since the president took office on January 20. The leader is expected to press Obama for details on Washington's plans for fixing the U.S. financial sector.
I understand he needs to manage expectations, but not to the point where he drives the market down further. This is supposed to be the president who "gets it." But he sure as heck doesn't "get" how to make public pronouncements that don't add to the doom and gloom environment on Wall Street. He needs a better message management staff.
On Facebook? You can keep up with Thomas Jefferson Street blog postings through Facebook's Networked Blogs.
- Read more by Bonnie Erbe.
- Read more from the Thomas Jefferson Street blog.
- Read more about the economy.
Tags: economy | Barack Obama | Wall Street
Tools: 
Share
|
| Comments (22) | Print
Reader Comments
Shake it up!
The economy's performance in the last quarter of 2008 was the worst in over 25 years?
And you're blaming whom?
I have no political affiliation and the more I listen to the Republicans bad mouth our President, the more I think this country needs reform. This is the most in your face action I’ve seen out of Washington in years. Haven’t you ever heard that something good will always come from change?
Maybe shaking things up will do us all some good. I think the bad economy has taught many of us to live within our means again and not abuse the credit system.
Yeah real TRUTY!
Obama promised the moon to get elected. The truth was he didn’t have a clue how to fix anything. The voters who were not concerned about his inexperience now have to live with their decision. If you are without a job or soon to be without an income, you are in tough reality and likely will be there for some considerable time. But these same voters didn't want to hear any bad news during the election and preferring to trade common sense for hype. Eventually in the greatest denial has to be met with reality, it will not be a dream for the multitudes but the nightmare they so vigorously refused to believe was on its way. But those who voted for virtually untested and tried politician like Obama thinking it would be in their best interest can take their comfort in the fact that Obama and his family will be set for life. That’s about the only future you can truth count on coming true.
He is just a good speaker and thats all
That's all he is!
advertisement
