Obama's Budget Director Urges Patience With Recovery

WASHINGTON (AP) - President Barack Obama's budget director says
the administration inherited "a big mess" economically and the
public is going to have to be patient as a rescue plan goes
Peter Orszag, director of the Office of Management and Budget,
also echoed Obama's statement about Wall Street, saying
policymakers get caught up in day-to-day swings in the stock
Interviewed on CBS's "The Early Show" Wednesday, Orszag said
the administration's goal is "jump-starting job growth and then
tackling long-term problems" like education, infrastructure and
Orszag said, "It's way too soon to be start judging success or
failure here. We inherited a big mess. We inherited a trillion
dollar gap between how much the economy can produce and how much it
is producing."

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  • by Diane Location: Mt.Sterling on Mar 4, 2009 at 11:12 AM
    The only way we will continue to be in debt is if the politicians refuse to cut spending. If this country doesn't curb spending no amount of money will fix us. Our debt is now more than the total world GNP. Obviously, the American taxpayer gets it because spending is down,savings are up. But the government would rather do the same old,same old and tax, tax, tax, spend, spend, spend. And the change you voted for is for the worse.
  • by Chuck Location: Pike on Mar 4, 2009 at 10:19 AM
    Has anyone read about the tobacco and energy tax that he wants. Everyone will be have to pay increased energy bills.
  • by Zatoichi Location: Richmond on Mar 4, 2009 at 07:53 AM
    Once again these Obamabots try to lay blame with their crying "we inherited this mess". You have reaped what has been sown over the past 20 years by DEMOCRATS as well as Republicans. Quit whining like your Lard Obama does every chance he gets. Bush inherited a recession and the lead up to (-11. he never pointed the finger back at Clinton for his lack of competence. Bush participated in big spending but, this "mess" has been a team effort. Quit crying and start doing the RIGHT thing, Obama. Rewarding your base with REPARATIONS and pork projects targeting them is going to keep this "mess" burning longer. Of course the Obama goal is to create a chaotic system that will make more and more folks dependent on his largresse. This makes it easier for Obama to reinvent the USA into a model he thinks more worthy than the founding fathers and mothers of this nation. Your 1st and 2nd amendment rights are quietly being attacked by Obama while you grovel for a STIMU-LESS crumb.


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