WHY IS OBAMA TRASH-TALKING THE ECONOMY BY WARNING THAT UNEMPLOYMENT MAY REACH 10%?

BLOOMBERG:

President-elect Barack Obama said that Democrats and Republicans need to act with urgency to address the “great and growing” economic crisis, warning of double-digit unemployment if swift action isn’t taken.

“These are America’s problems, and we must come together as Americans to meet them with the urgency this moment demands,” he said today in his weekly radio address. “If we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment.”

With the U.S. amid its worst economic slump since World War II, Obama said he is looking forward to meeting with leaders of both political parties in Washington in the new week.

The incoming 44th president, back on the U.S. mainland after a 12-day vacation in Hawaii, is working on a package of tax cuts and spending on infrastructure, such as roads, bridges and transit systems, to stimulate growth and create 3 million jobs. Eighty percent of these will be in the private sector, he said.

“We must make strategic investments that will serve as a down payment on our long-term economic future,” Obama said.

Citing a long-term goal of reducing the federal deficit, he said there would be “tough choices” ahead on spending, without being specific.

WITHOUT BEING SPECIFIC SEEMS TO BE A FAVORITE TACTIC OF OBAMA.
SERIOUSLY: WHY IS HE TRASH TALKING THE ECONOMY?

• PEOPLE NEED THEIR CONFIDENCE BUILT UP, NO DEMOLISHED.

• THAT'S WHAT REAGAN DID.REAGAN TOLD US IT WAS MORNING IN AMERICA - WHILE CARTER TOLD US WE SHOULD PUT ON SWEATERS AND CRANK DOWN OUR DREAMS.
• IOW: TRASHING THE USA IS NOT WHAT THE [PRESIDENT SHOULD BE DOING.
  

• THE STOCK MARKET JUST HIT 9000 AGAIN - FOR THE FIRST TIME SINCE THE ELECTION, AND NOW OBAMA IS TRASHING IT?

• WHY?

• IS HE LOWERING EXPECTATIONS, OR JUST TRYING TO MAKE THINGS SEEM WORSE THAN THEY ARE IN ORDER TO BE ABLE TO PASS SOCIALIST AGENDA?

BOTH.

ACTUALLY, THERE ARE SIGNS THE ECONOMY HAS BOTTOMED OUT.

• OBAMA OUGHT TO BE TALING UP THE ECONOMY AND INSTILLING CONFIDENCE, NOT TELLING US THINGS WILL GET WORSE.

• REAL LEADERSHIP BUILDS CONFIDENCE, NOT FEAR.
• MORE ON OBAMA'S TRASH-TALK HERE.