Obama, tonight: “A full and vibrant recovery is still many months away.”
That’s interesting; that’s not what he was saying in July: “President Barack Obama said on Saturday more time was needed for his $787 billion stimulus package to work, predicting the spending would have a bigger impact on the economy later this year.”
I’m also remembering Obama’s sales pitch for the stimulus in January: “I don’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon as possible. If nothing is done, this recession could linger for years. The unemployment rate could reach double digits. “
The unemployment rate, as you probably know, now 9.7 percent.