Obama: I reversed recession until 'bad luck' hit

[Why Syzygy]

At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program "reversed the recession" until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a "debacle."

"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we've had a run of bad luck." Obama listed three events overseas -- the Arab Spring uprisings, the tsunami in Japan, and the European debt crises -- which set the economy back.

"All those things have been headwinds for our economy," Obama said. "Now, those are things that we can't completely control. The question is, how do we manage these challenging times and do the right things when it comes to those things that we can control?"

"The problem," Obama continued, "is that we've got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."
...

Read more at the Washington Examiner: http://washingtonexaminer.com/politics/2011/08/obama-i-reversed-recession-until-bad-luck-hit?utm_source=feedburnerdcexaminer%2FPolitics&utm_medium=feedExaminerPolitics&utm_campaign=Feed%3A+dcexaminer%2FPolitics+%28ExaminerPolitics%29feed&utm_content=feed&utm_term=feed#ixzz1VDRYQdvm

[jefferson_dem]

1. Byron York?

Seriously? :eyes:

I'll withhold judgment until Hannity, Krauthammer, Rove, and Limbaugh chime in.

[Pirate Smile]

2. FYI Wash Examiner is a RW site.

[Why Syzygy]

7. thanks..

I didn't know. I've been away from DU for the past year or so. I've forgotten a lot about sources.
However, when someone is using quotations, I don't know why the reader can't determine what part is commentary,
and which is just reporting facts.

[LaurenG]

3. bad luck?. I think I'll start using that in place of the words republican

and Tea bagger and anyone associated with them. The party of no and bad luck is causing the destruction of the economy. :D

[frazzled]

4. The European situation is indeed having a really bad effect on world economies

Also, the high oil prices from Libya.

I don't find this statement at all dubious: every economist writing agrees.

And then, of course, there are the Republicans. Worst luck of all.

[BeyondGeography]

5. It's always something

[Overseas]

6. Partisan brinksmanship was evident from way way back.

Not a big surprise. Not something new. The debt ceiling example was particularly extreme, but one in the GOP series of attempts to destroy the Democratic party, even if it meant "Country Last."

[madinmaryland]

8. Un-recced for posting trash from the rag you linked to.