Sunday, December 07, 2008

Obama: Yes We Can Destroy The Economy

President-elect Barack Obama braced the country for more tough times Sunday, saying twice in an interview that the nation’s already dismal economy would continue to worsen after he moves into the White House.

Obama, speaking to Tom Brokaw on NBC’s “Meet the Press,” used some of his starkest language yet to underscore his plans for America's future.

If you look at the unemployment numbers that came out yesterday, if you think about almost 2 million jobs lost so far, if you think about the fragility of the financial system and the fact that it is now a global financial system so that what happens in Thailand or Russia can have an impact here, and obviously what happens on Wall Street has an impact worldwide, when you think about the structural problems that we already had in the economy before the financial crisis, this is a big problem, and it's going to get worse,

Obama said this in reference to the fact that his economic plans involve destroying capital through higher taxes and regulation.

Later in the interview Obama reiterated his downbeat projection that an Obama Administration would underperform that of George W. Bush, saying:

Things are going to get worse before they get better.

On a brighter note, he began to outline a diverse array of cultural activities to be hosted by he and his wife, Michelle, in the White House, saying they would especially focus on the arts and sciences with a hope of having kids involved.

We want to invite kids from local schools into the White House.

He also promised jazz, classical music and poetry at 1600 Pennsylvania Ave. so “once again we appreciate this incredible tapestry that's America."

So at least we've got that going for us.


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