Two days after the election, MSNBC decides "Obama's plan can't help economy in short term"

[Amerigo Vespucci]

Obama's plan can't help economy in short term
Downturn accelerating, spreading globally; more job losses expected

http://www.msnbc.msn.com/id/27576844/

By John W. Schoen
Senior producer
msnbc.com
updated 1:36 p.m. PT, Thurs., Nov. 6, 2008



Election Day exit polls this week made clear that President-elect Barack Obama has a broad mandate to get the faltering U.S. economy back on track. There is no shortage of proposals already circulating in Washington. But as more reports pour in showing the downturn accelerating — and spreading around the world — the short-term impact of the new administration’s policies may be limited.

Voters made clear they want the new Congress and Obama administration to make the economy a top priority. More than six in 10 voters surveyed chose the economy as the most pressing issue facing the nation, and nine of 10 said the economy is in bad shape. The other four major issues cited as most pressing — Iraq, energy, terrorism and health care — were picked by one in 10 or fewer.

More evidence of the downturn's severity is likely to come Friday, when the government releases jobs data for October. Analysts expect the report to show a loss of at least 200,000 jobs in October, which would be the worst result since December 2001, in the aftermath of the 9/11 terrorist attacks. If those projections are accurate, it would mean the economy has shed about 1 million jobs this year, sending the unemployment rate to 6.1 percent in September from 4.7 percent a year ago.

Obama’s economic agenda likely will include tougher government regulation for a variety of industries, including financial services, energy and health care. But those measures, if enacted, would do little to revive the economy in the coming months.

[Sarah Ibarruri]

1. The man isn't even president and they're talking shit?

What the F is wrong with the mass media. I swear, if they start again hurting Dems, we've got to start boycotts and really trash their asses.

[Amerigo Vespucci]

3. Two terms of Bush-Cheney "brick by brick" destruction of the economy...

...and MSNBC is already attacking a man who is two months away from his first official day on the job.

It's that LIBERAL MEDIA, at it again!

:eyes:

[Sarah Ibarruri]

4. Well? Are we going to let them get away with this shit this time?

Or are we going to be defense for this president and stop the bullshit? You know?

[Amerigo Vespucci]

5. The author's email address:

[e-mail]

No idea if he reads what is sent to him, but that's the first line of defense.

:patriot:

[Sarah Ibarruri]

6. Thanks! nt

[The Wielding Truth]

2. The economy is so screwed up that it will take a while, but he

will get us there. He's not even in office. msnbc doesn't really know, if they do they should contact * and solve it now.

So tell everyone not to panic. we will have to ride out *'s disasters.

[Rosco T.]

7. short term usually means 60-90 days...

75 days till he takes office, and can't make any policy till then.. you think Fer'Brains would for him??? Right......

[grantcart]

8. there is no short term solution

any stimulus package from now on has to be job oriented and not purchase oriented and will take 9 months to have an impact.


The best short term stimulus; the good fortune of low gas prices.