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Godluvr March 6th, 2009 1:41 pm ET

When the jobs dry up and the land becomes barren: "If my people, who are called by my name will humble themselves and pray, seek my face, and turn from their wicked ways; then I will hear from heaven and forgive their sins and heal their land." There is famine in the land. The salt of the earth (Christians) have lost their effectiveness and their affectiveness. When they turn back to God, pray and seek His face in earnest; the economy will begin to turn around. It started with Bush, and President Obama is saddled with it now. But this is not the time for finger pointing. This is a time for those who know how to pray to pray. Laugh if you will, God is speaking from His high heaven. TGBAG.

Shut up you bible thumping moron. Its hypocrites like yourself and other "god fearing" imbeciles that got us into the mess we're in to begin with.

Just keeping scaring people. They then don't spend. You then don't need workers to make anything, ship, sell, inspect, etc. DUH. Politicians and the Media are killing us all. I just want to know how far they want to tear our society apart so they can say we need the government to control everything we do. They are winning folks. The sky is indeed falling under the weight of the media and politicians. Try this exercise. Shut up for 1 month. Talk about Britney or Paris Hilton or some other BS for a month and see what happens.

This is now Obama's problem. It is about time he took responsibility for what is happening across America. We were led to believe that Obama was the solution to all our problems. But he hasn't made even a dent in the biggest economic and financial problems. More people lose their jobs every day Obama is in office. I just hope he can turn it around.

Can't wait til the Obama Kool-Aid wears off !! The Stock Market sure doesn't seem to be drinking any of it !!!
THAT"S GONNA BE SOME NASTY HANGOVER WHEN WE FINALLY REALIZE HE"S NOT THE ACTUAL MESSIAH !!!!... AND THAT OPRAH IS NOT HE QUEEN OF THE UNIVERSE !!!!!

Hey Dawn,

Wall Street is reacting every day to Obama, so while he doesn't pay attention to "gyrations" of the market, the market is following him very very closely.

He might want to "change" his position.

I am sooo sick and tired of you Republicans blaming Obama for this mess! Again....where were you and that fat crap Rush" when Bush was making this mess happen?! I bet if John McCain won...none of you woulld be complaining about the economy...you'd just sit quiet in ignorant bliss and comatose as you did for eight years.

I'm sure if we try we can blame Bush for these 25 new job's

@ thanks but no thanks

Forgot to mention one thing. Any monies that I have to invest, will be invested in a place where success is rewarded and where one is allowed to reap the benefits of his\hers risk taking and hard work. At this time this place is not the United States of America and the numbers on Wall Street lately certainly reflect my sentiments. Until we return to democracy and capitalism, there will be no investment or recovery in this country.

Oh, I feel so sorry for the rich – can't handle a little increase in taxes – would rather see thousands layed off. If they can't handle giving a little more in rough times what kind of patriots are they – they would rather outsource their money and jobs to another country!!

Goofy people did you not thing when the dow hit a record 14,000 that it was not going to hit rock bottom some day goof balls

To Howard,

Obie is not the AntiChrist. W and Obie BOTH will serve as platforms from which the AntiChrist will jump into a great leadership role.

@thanks, but no thanks.

Free market means you are allowed to "fail". Other will fill the void, when companies like Pan Am failed, they were not bailed out at tax payers cost. Also don't forget these bank failures are due to socialist policies of the Clinton administration who wanted everyone to own a home whether they could afford it or not. Now resposible people who managed their monies properly are stuck paying the bill for all the deadbeats. Again thanks to Obozo the Clown failure is rewarded.

I find it very amusing that once upon a time in our nation's history, there was another man who was labeled as a "Communist" while others chafed under his desire to change the system. That man was Martin Luther King and he will forever be remembered as a great man who strived for the greater good despite the oods. Obama is no different in that regard. So, to all those who use the term "socialist" to spread fear, keep hating, keep being angry, resentful and hostile; your hearts are filled with hatred and jealousy and it shows everyday with your dispicable comments. You and your ilk represent the "old America", those tired, racist and obsolete views that have brought nothing but trouble to the rest of us who want to take that big leap forward into the 21st century. Your attitudes would keep us in the Stone Age forever!

So doing nothing would be better eh? It's kind of hard for capitalism to succeed when NO ONE HAS A JOB!!

@mike... He's been in office for less than 2mo. Bush and the republicans destroyed the economy way long before he even took the oath.

How ard,

Wow, you really think God blesses or punishes a nation based on the one person who is their leader? You ever been to church or read the Bible?

Howard – LOL! You and I both know that President Bush was personally responsible for all those natural events.

I know you were kidding, but let's all hope that God is still the foundation we stand on. Everything else aside, we need mercy and grace in great abundance to get through this mess.

Mike I need to answer you, but one question you need to answer. "If you don't know your history you are doomed to repeat it"

The Great Depression the Wall Street crashed, Obama has only been in the office for 45 days. He is not Super President, by the way was already taken. He has to go one day at a time. Taking and doing going and promoting. Talking, doing and promoting.

By the way, there is more people that are back to work, one after the signing if the Stimulas in Missouri they broke ground to build a bridge. In Chicago, that place that made windows, a company in California bought it to make energy efficient window and to rehire the worker, and there is more.

Get a life, it will take some time.

Conservative jealousy at its finest. Honestly, I love how hateful they are. Their hate is like vitamins to me!

WE CAN ARGUE ABOUT WHO'S FAULT THIS WAS LATER–WITH 4.5 MILLION PEOPLE OUT OF WORK WE NEED TO ALL PULL TOGETHER AND GET THE COUNTRY BACK ON TRACK.

wait I thought Obama was goign to fix everything with a wave of his magic wand the day he took office?

Something else for all you hardcore Christian Conservatives to think about.
During Bush's Presidency our country was hit constantly with natural disasters. If you believe Obama is the antichrist shouldn't God punish us even more severely. I wonder how many natural disasters we will experience? Just throwing that out there.

And when the last of the jobs are gone as a result of Obama's business punishing agenda, how will they spin it?

Amazing how fast the nay saying right wing idiots get on these blogs with their lies and revisionist history. All I have to do is read a few words of their posts and I know exactly what they are going to say. In fact, just listen to Faux Noise (oops, Fox News) or Rush Limbaugh and you don't even have to read them.

Let's see, who to believe, right wing idiots who get on these blogs, Rush Limbaugh who dropped out of high school, Faux Noise or a woman with a PhD from MIT and several books and scholarly papers. Hmm, tough decision . . . NOT!

Amen.... Godluvr

Conservatives get mad when you blame Bush, the guy at the wheel for the last 8 years, but quick to blame a guy just in over a month and a half. I'm so sorry your faith has been shattered in Obama. Surely he should have fixed this on going mess that had been building for years in a matter of days. Yep, he was secretly behind it all starting when he was 10 years old. The US is longer a superpower, we lost everything. Everything was fine until he got in office. We were living in Utopia.

Crazy Conservatives!!!!!

still hoping-
Actually historically, Republicans have created debt and Democrats have fixed it. YOU need to read a history book instead of listening to Rush Limbaugh.

what? Even so bad that 25 jobs makes it "all better"?!?

go figure....

@ MIKE:

The economy tanked BEFORE President Obama took office, the result of eight years of greedy robber-baron tactics on the part of REPUBLICANS.

It's NOT "Obama's Recession," and it's not Obama's FAULT. You'd BETTER pray that he CAN fix the mess the BuschReich left him.

It's like having a great uncle who lives across the sea, who suddenly shows up in your life and you didn't even know he existed. Now we know the recession began in 2007, and of course, thanks to the Bush Administration having their priorities far above the needs of the American people, we are now in the worst recession in years, and have a chance of moving lower into a depression! And our "Uncle Bush" pretended he didn't exist either, leading us to believe we were not in a recession!

Some doofus said:
The last time a democrat messed with the market, (clinton and the banking via Fannie and Freddie and forcing bad loans on the banks), look what it did to us.

+++++++++++++
Yup.....for the GOP, it's like the last 8 years never existed. Clinton did bad things, now BO is doing bad things, and in between, the party of personal responsibility?....took none

Mike March 6th, 2009 2:15 pm ET

Highest unemployment in 25 years, the fastest drop in Wall Street in our history. CHANGE WE CAN BELIEVE IN.

++++++++++++++
Sure Mike....and it just sprang from total nothingness 6 weeks ago, right? Seems I recall Bill Clinton was responsible for 9/11, despite the fact that W had been in the WH for 8 months. Nope, no double standard here.....

Sorry, President Obama, this woman is way too "chirpy cheerful".

Kinda makes you wonder if she knows the gravity of what she is saying. Sorta like some wretched wench we had to endure back in November, what's her name

To AndyL

how is it that welfare for banks and rich is alright, yet for everyone else is socialism? How about we let the AIG and other financial institution fail? Are we rewarding failure in those cases, also? Let me know if you have something new...

still hoping and others....

Blaming Obama for the economy. If I remember correctly you guys were still blaming Clinton 4 years into Bushies term. Pathetic.

Oh yeah, keep believing that Fannie/Freddie crap Rushbo and Hannity keep feeding you.

@ Andy L....don't you mean COMMUNIST America????? Why don't you whiners tell it like you really think??? it is! Thats if you even KNOW what the difference is..........

to the comment above...it is not obamas fault that unemployment is where it is or the stock market these numbers were projected well before he was Even elected. And its not any one presidents fault it started with regan and was perpetuated by every pres since. We can't say yet if obamas made it worse anything that's happening now is a result of what's been going on previous to obama he just landed in it. Now if his plan fails, which can't be told until at least next year. So until he has failed if he does you can't place this on him and his not even 2 month presidency

Mike,
You're an idiot! This was going to happen regardless if Obama was president or not. The past administration tried to fix the problem by bailing out wall street. Unfortunately, they were given blank checks with no regulations. And we all saw how that went...golden parachutes, big bonuses, and lavish retreats for the executives while the common men were laid off. GREED, GREED, GREED!!! Now Obama is trying to bailout the common men. Fortunately, the checks will be heavily regulated and citizens can track the money on the web. He is giving us (common men) back our country. It's only been 45 days! This huge pile of horse feces that the last administration left CANNOT be cleaned up overnight. It takes time. Remember, it took Bill Clinton 6 years to clean up the 12yrs worth of mess from Bush 1 and Reagan...and he had to deal with a Republican House and Congress! Obama will get things done in a timely fashion. Not only he has the House and Congress on his side, and also has America behind him.

Where is the Chang we can believe in Mr. President, and where are the jobs; haven't seen a drop in the unemployment figures for months.

If there was trust in his fiscal stabilization plan, the financial stabilization plan, and the housing plan we would have started seeing some results, don't you think.

This economy is belonging now officially to President Obama.

Mike March 6th, 2009 2:15 pm ET

Highest unemployment in 25 years, the fastest drop in Wall Street in our history. CHANGE WE CAN BELIEVE IN.
______________________________________________________

Do you think there might be a correlation?

Mike March 6th, 2009 2:15 pm ET

Highest unemployment in 25 years, the fastest drop in Wall Street in our history. CHANGE WE CAN BELIEVE IN.

And the last eight years had nothing to do with that, right?

My question. I guess either from being very young or just green about politics all together. Why are they giving all this money to these large groups (Wall Street, Detriot) other large companies? Again maybe just from me being so uneducated on this until now. Why don't they give the money to the ones that really need it....US! If they would give us some of the money then maybe we could pay our bills, go shopping (which helps the business stay in business), people to get the money to buy a new car to pay their morgage. The little 300 dollars that Bush gave us did nothing. Give the people of the United States thousands of dollars and let us spend it the way we want to. Stop giving it to the companies that are still laying off hard working people every day... The top people of these major places are not hurting it is the little people that are. These companies are getting all this money to do what...lose it again a few years from now...IT IS ONLY GOING TO GET WORSE......

I love reading all of these mindless posts from know nothing Democrats and racist Republicans! Keep it up children! Soon all of you " lemmings " will have followed each other off the cliff then all of us intelligent Independents can step in and actually accomplish things that make sense!

It's God, It's Obama, It's the Democrats........................Really?
Couldn't be that unfettered and unregulated corporate greed overcame prudence, risk adversion, and a Fudiciary responsablility to their clients?

Obama is not helping Main Street – Everytime he opens his mouth stocks go down and we lose more jobs – until employers have confidence they will keep letting people go and who is going to have confidence under Obama's policies. The only thing this CHANGE Administration knows is to mention the words transparency and bipartisan – but that's all they – The are not doing either of the things they keep mentioning.
What is wrong with Americans – your approval of Obama is taking this country down. When you go so far left we lose our freedom – The reason the markets go down is they are afraid of government takeover. Venezuelan president Chavez appropriated an American Company (Cargill) this week. Have you heard anything on mainstream media? Castro went left – he destroyed Cuba. Wake Up and defend your country

Amen! Godluvr – you said it right, we need to return to the values that started this country and pray – pray – pray!

Honesty, for once, is very refreshing. Remember this line? "It doesn't matter if we officially call this a recession or not. The numbers don't say we're in a recession, but this is definitely an economic slowdown. What matters is the American people are hurting." B.S. Give me a break. I appreciate the honesty instead of the fingers-in-the-ears approach of the past several years.

As I write this Obama has indeed reached a milestone. The decline in the Dow since he took office has exactly matched the decline in the Dow during Bush's 8 years. Gotta give credit for effeciancy and streamling government. It only took 45 days!!

Note to Mike,

It took the Republicans eight years to get us into this mess. It will take Obama more than one month to get us out of it.

YEA Right!! do you neocons actually think you can hang 8 years of UTTER failure on Obama....yea...thats why you're in EXILE and that's the CHANGE we believe in!!!

Open and honest. Now that is cahnge I can believe in. Ironic he is the youngest President in quite some time but he is the first adult to hold the job since George Sr.

I love how everyone can say look what Obama has done when it comes to the economy but the man has been in office for just over a month!

What were all of you saying for the past 8 years as the downward spiral began!? You can't blame the Democrats who just barely controlled the House for the past 2 years!

If President Obama were to invade, say 20 countries, and send 150,000 to 200,000 newly recruited troops to each country, he could create the 3,000,000 jobs he is hoping for. He has historical precedent – after all, FDR got us out of the depression through World War II

@ AndyL who sid "The stock market and jobs will continue to spiral downward as long as President Hope & Change continues to tell investors and business man that it's not ok to make a profit in new socialist America.
--–
I call BS
We dont owe investors squat. De-regulation and greed by the folks you are trying to distract from is what got the market where it is.
This would have happened no matter who was in the White House.

Face it, we implcitly trusted the companies we own stock in. There greed cuased there own demise and our portfolios go down with them.
When we invest over time we win and lose. We all got burned by the greed, But hey, we all are grown up enough to admit we take risks and sometimes its a bad risk when we invest.
That applies to companies and investors.
Investment is risk. Live with it.

In other words, this lady will spin numbers when it benefits the white house. I've heard her speak and she lives in a fantasy land with tinkerbell.

How long will we keep blaming Bush for the mess we are in?

FOREVER!

How much do you wanna bet that all the folks blaming the economic crisis on our newly elected President listen to Rush Limpballs? How much? Dittoheads!

After Bush and friends took the country down over 8 years, it will take some time to clean up. It is frankly incredible that some posters here blame the current situation on Obama, who has been in office a few weeks,

Truth Hurts! But atleast We Hear the Truth Unlike W And His Administration HID everything From Us and was so Secretive!

LOL @ AndyL's "Thank you for rewarding every failure Mr. President"...lol...rotfl...oh... oh...you are serious.

Looks like the Obama/Pelosi/Reid war on private sector enterprise is getting results already! Yay!

She looks like she could be Limbaugh's sister!

AndyL said

"The stock market and jobs will continue to spiral downward as long as President Hope & Change continues to tell investors and business man that it's not ok to make a profit in new socialist America. Just sit at home on welfare and make the evil rich pay for it. Thank you for rewarding failure Mr. President."

I forget who to attribute this to, but someone once said – " the downside of Socialism is that eventually you run out of other people's money."

HOPE! CHANGE!

Why do some people continue to point to Wall Street's reaction to everything as an indication of the effectiveness of this administration's policies? Was Wall Street not responding well when all of this subterfuge was going on to contribute to the current financial situation? The majority of Americans live on Main Street. We are tired of sacrificing and doing all the back breaking work to make a few people ridiculously wealthy.

Here is the headline from the DNC: " Its president Bush's fault, dont blame us"

Let's challenge RUSH LIMBAUGH, STEELE AND THE REST OF THE GOP to show us just one (1) job they have created.

Its starting to smell like BO...... and it stinks.

In just two months from Sept. 08 to Oct. 08, (Bush) the stock market went down well over 3,000 points.

In three months since Obama's been elected it's gone done 1,500 points.

While the current plunge is nothing to write home about, I'd say Obama's been doing much better than Bush.

Thank you Ms. Romer for telling it like it is....I find that rather refreshing, but then again the Republicans/Conservatives are the Queens and Kings of spin. Hopefully, President Obama's economic plan will kick in and things will get better. I, for one, want to see President Obama win this one...he has my support.

Don't worry, Obama or Nancy will find a way to spin it or blame it all on Bush.

I cant believe all you people that just bicker on here!

It has been 46 days!

At least she is open and upfront about it. They knew this was going to happen. What would you prefer? "Mission Accomplished"?

Ridiculous. You still believe in the people that sold all these bad loans, that gave out billions of dollars in bonuses while your stocks plummetted, that took trillions of dollars in YOUR TAX DOLLARS and did not help a single person. I don't know how you got so brain washed, but they sure used a strong soap!

Godluvr said : "This is a time for those who know how to pray to pray. "

Not because it is our only alternative, but because we and our leadership require wisdom in trying times.

Americans must let their government know that we want our markets stable. If you do not want this, then you definitely won't like the next thing you need to say... Let your elected officials know that now is not the time to spend (give away money), it is the time to cut spending. Now is not the time to tax, now it the time to cuts taxes.

The markets will respond in light speed.

I appreciate the White House being honest which we have not seen in 8 years. The downturn is not Obama's fault. You can thank the Bush SEC for looking the other way. You can thank Bush's buddy Hank Paulson for giving banks money to waste. Where I live the un-employment is approaching 11% and its been that way for some time. This started way before Obama. I lost my job last June of '08 so I appreciate the truth being told.

No kidding lady and thats because of the stockmarket fiasco. The stockmarket hasn't taken such a hit with any other Pres. aboard.

A LIBERAL: Wants to give away everything they do not own and do not pay their taxes. Believes the government can spend my money better than I can. I hope obamby stays in Europe for the forseeable future and maybe the stock market will improve.

How is it she can give this news with such a smile on her face? Can't she at least pretend she understands our pain!

It's nice we no longer have the Emporer and his new clothes. Truth hurts, but what hurts worse is when it's denied. I got hit in the recession of 2001-2003. The Bush administration focused on three things: blaming Bill Clinton, denying it was that bad, and talking about finding those WMDs. In the meantime people were long-term unemployed, no healthcare, losing homes etc. After 8 years of GOP rule (20 years in the past 28 years for that matter) all these failed policies are just literallyl killing us...at least it's being acknowledged and instead of sitting around pointing fingers we have an administration that is willing to tackle it AND make decisions which are not very popular. This situation is something we ALL contributed to, either through greed, ignorance or apathy. Now we are paying the price. I am glad that we have principled, smart, energetic leadership. We sure need it.

To place the blame the Obama Adminstration for these numbers is a sign of economic illiteracy. Conservatives are a lot better at lecturing others about taking responsiblity for their actions than practicing that policy themselves.

We are in the process of cleaning out the bad!! NOT bad employees but greedy corporate and lobbiests who have stolen this country for billions of dollars. WE, the American worker will come back stronger and better!! NEW jobs in solar, wind, high efficiency autos, who knows were it might end! AND we, will have national health care and GOOD public schools. The pain is HELL, but we will be stronger on the other side!!!

Obama is totally destroying the economy. Man I can't stand that guy.

Mike March 6th, 2009 2:15 pm ET

Highest unemployment in 25 years, the fastest drop in Wall Street in our history. CHANGE WE CAN BELIEVE IN.

==================================================

Credible Analysis are ALL saying that the current problems are resulting from activities in September through December and that the positive response to Obama's stimulus plan will not begin to be felt for another few months. So far, Obama is doing a greater job to dig us out of the mess the previous Administration left for him and us. !

You really need to educate yourself a little before you continue spread missinformation over the blog-a-shere.

Mike that is really unfair as this would have happen no matter who took office. It was inevitble....greed has it's pleasure for a short time but always , in the end, it fails.
As a people in this great nation we have been pretty vain to think in the 'me' zone and we are now reaping the consequence....I like to be optimistic because we have an Awesome God who has historically , in the past, showed his mercy and grace for a nation that repents..turns from their unjust ways. There is hope if we as a nation do that.

Looks like Limbaughs sister,lets hope shes smarter than him.

@Godluvr: Let me be the first to encourage you that you are not alone because i have been standing on this very word myself for a very long time now myself and i knew that there were others doning the same so i belive that god will anoint and use President Obama to heal our land because he said he would!! so you know what God says about two or more agreeing upon anything will i know myself and other christians are beliveing with you so let us keep our eyes upon God so that God will keep his eyes upon this President and dont forget that God would have saved Sodom and Gomorrah for ten righteous people so we well just have to wait and learn whatever it is that the lord wants us to learn because we were out of control with all of this greed and we have to admite that that also includes the church and christians

AndyL,

Where have you ever heard President Obama tell businesspeople "it's not ok to make a profit" or that everyone should not work and "make the evil rich pay" for social services?

The job losses are not because of anything that has happened since Obama took office; they are the result of a devastating year in 2008, when George Bush was president. Companies in various sectors of the economy have been posting poor numbers since late 2007. The result is that they can no longer pay their workers.

As for the stock market, yes, it's down but that is to be expected while investors decide what their confidence level is going forward. It will recover, but it will take a while. In the meantime it would be helpful if people like you with nothing constructive to offer would just shut up.

Mike,

You're right! We should thank Bush for being clueless. CHANGE WE CAN BELIEVE IN after 8 years of no governance. I'm glad I can always count on you to hate...

The obama and Pelosi administration has made a manageable situation a lot worse!! Everytime they speak or propose a marxist bill the stock market nose dives!

There's only one way to truly recover our economy and that is to save and pay cash for everything and thus rebuild the banks, retailers, industry and services. The bottom-up approach is always the last resort after all else is ruined. It is the most painful yet most durable fix since it can be built upon and will grow with time unlike credit which only erodes with the macinations of the creditor!!! No quick fixes for slow people in a slower economy!!!

Andy L. You are getting your missinformation from talk radio, as the President did not say that, did not imply that, his policies do not reflect that, his stated objects are directly contray to that and you clearly are an idiot for repeating such crap. What is your motivation? This is an example of Republicans advertising falsities to get ordinary Americans, like yourself, to vote agaist thier self interest and vote Republican.

I hate republicans.....

You mean a stimulus bill to rebuild federal buildings with tax payer money didnt help the job market??

How can you people sit there and point fingers at Clinton and Obama and welfare rolls??!!?? You people are insane with hate and anger. You're just BLIND! Deregulation created this problem from all corners of our financial system. Deregulation that is part of the GOP's mantra by the way. You know... free markets. And the only reason you gripe about Fannie and Freddie is cuz its the only thing any Dem's may have had their hands in in this economy. Funny how the GOP skips over EVERYTHING ELSE THEY HAVE DONE TO EF UP OUR BELOVED COUNTRY THROUGH THEIR IDEOLOGIES!!!

AndyL
That is so funny because greed and lack of regulation is what got us into this mess. How can that be the solution? Also, what is it about "job creation" that make you republicans think of people sitting at home accepting welfare checks? Ask anyone who has been laid off, and they will tell you that they want to work and EARN a living wage more than anything else.

Just think how much faster we would recover if obama and the democrats would keep their hands out of it? WILL NO REPUBLICAN Take Responsibility or Hold themselves accountable? Do what I sayers abound.

I think that we should implement a W tax, a voluntary tax on people who voted for Bush... . . $10,000 per voter.

To Still Hoping: if you remember my friend, the pick of the lending thru Fannie and Freddie was in 2005 and 2006. Now, remember who was the President then?. Please don't be so ignorant and learn the facts before writing anything.

To read so many comments that say this mess started with Bush and the Republicans, you would get the impression that Democrats didn't gleefully buy any homes with subprime mortgages, or take advantage of outlandish Wallstreet investment opportunities, or jump for joy these last 8 years while watching the profits in their investment portfolios go through the roof fueled by the policies they now grouse about.

But they did and all those who joyfully and greedily participated in the economic opportunities that they are now trashing, regardless of party persuasion, are contributors to the current state of affairs...whether they are mature enough to realize it or not.

This isn't a Republican mess. This is a gluttonous, greedy American mess.

Godluvr: I could not agree more. But not only Christians must turn back to God, this nation must turn back to God. This country was founded on the principle of the Living God. He was at the forefront of this country for a long time. Now, we have pushed him to the back. Only by humbling ourselves and putting Him first will this nation see a return to greatness.

Highest unemployment in 25 years, the fastest drop in Wall Street in our history. CHANGE WE CAN BELIEVE IN.

Highest unemployment in 25 years, the fastest drop in Wall Street in our history. CHANGE WE CAN BELIEVE IN.

Ya think????

Well, let's just raise taxes on the 'rich', that should solve everything....I say Obama should debate Rush, that would be entertaining.

One would have to know how FREE TRADE, NAFTA, GAT, affects American Workers.

Ross Pirout told us some years ago. Free Trade is ok but we need a level playing field. We CAN NOT IMPORT MORE THAN WE EXPORT.

What group of Americans benefit from freetrade, nafta, gat????????????They always say follow the MONEY.

When jobs are outsourced to countries so wages are lower, no benefit, no tax paid to US, no tariff on imports, who gains?

Patriotism to me is keeping your factories in the US, paying a living wage, paying fare share of tax.
WE ALL BENEFIT, EVEN THE WEALTHY IN THIS COUNTRY. THEY WILL STILL MAKE MONEY, ALL AMERICANS WILL PROSPER. WE WILL ALL BE SAFER. WE WILL HAVE LESS CRIME , FEWER ABORTIONS, FEWER PEOPLE ON WELFARE, BETTER HEALTH BECAUSE OUR YOUTH WILL HAVE BETTER FOOD CHOICES.

IF WE COULD ONLY ELIMINATE THE GREED AND THE LUST FOR POWER AND CONTROL.

TRUE PEOPLE OF GOD KNOW WHAT I MEAN.

I'm pretty too sure i could do her job...Its harsh economic times such as
these when there is no substitute for family...

correction:

Since ObamaChimp was elected by politically correct people of this country, WallStreet start going down and never let up. Since January 20, 2009, Wallstreet have lost 20% of its value, this is Obamachimp BEAR MARKET now.

Wallstreet is the best indicator if the sitting President is signing good economic policies to boost the economy, only those who can't even balance their checkbook believes Obamachimp is doing well. He's looking at economic indicator coming out of Wallstreet like political polls which he relied upon so greatly.

This current administration and Democratic lead Congress is showing their INSANITY. We're talking of losing jobs for the past three months, isn't that something? ALL under Obamachimp.

LIBEALISM IS A MENTAL DISEASE.

That's Gibbs' job.

Since ObamaChimp was elected by politically correct people of this country, WallStreet start going down and never let up. Since January 20, 2008, Wallstreet have lost 20% of its value, this is Obamachimp BEAR MARKET now.

Wallstreet is the best indicator if the sitting President is signing good economic policies to boost the economy, only those who can't even balance their checkbook believes Obamachimp is doing well. He's looking at economic indicator coming out of Wallstreet like political polls which he relied upon so greatly.

This current administration and Democratic lead Congress is showing their INSANITY. We're talking of losing jobs for the past three months, isn't that something? ALL under Obamachimp.

LIBEALISM IS A MENTAL DISEASE.

President Obama has made some quick work of this economy. The stock market is down 20% since he took office. He has printed money like it's a game of monopoly, ensuring serious inflation for the next decade. The government is now responsible for 40% of the GDP. Unemployment is skyrocketing, the global markets are laughing at how ridiculous this administration is and it's only going to get worse when we increase taxes on businesses trying to keep people employed. I guess the liberals got what they wanted, someone to fight for them to be able to stay home and not work. Congrats, fine job.

This is why as bad as it is to run a large budget deficit, there is something much worse that is looming as a possibility.... a depression. Maybe, not to the 1929-1933 levels, but falling into a situation like Japan in the 1990s is a real possibility. Avoiding that outcome should be priority number 1.

"I think there's no way we could or should spin these [numbers]."

Well, that's refreshing.

Right on, Ms. Romer! Thanks for the reminder...and encouragement.

I've seen her "cheery disposition" as she breaks the bad news. Unfortunately it comes off as "I have a job so I can be cheerful, too bad about your situation". She's the wrong face, wrong attitude, at the wrong time. The last thing we need is a cheery face delivering economic death messages to the dying.

If this recession started late 2007, how can so many people blame it on President Obama? Would someone please enlighten me?

It's refreshing to see leaders telling the truth rather than attempting to sugar coat everything for political gain.

She is absolutely correct in saying it's going to take time for the stimulus, mortgage, and financial stabilization plans to work. Unfortunately, the GOP is attempting to use the poor numbers as 'evidence' the plans are not working. It's more of the same old tired rhetoric. It's sad.

the bush administration ruined our economy.

Don't fight the system Obama has set up. There are people who need the relief he is providing. Do you want them to remember the GOP as the party that did not care about them. Here is a plan, if Obama's actions work you can be seen as the party that put politics aside to help the nation. If it does not work you can be seen as the party that will correct all that he has done. Other then that you will just be seen as the party of no. Fix yourself up, we still need you.

Please I saw Christina Romerbs on Morning Joe today give me a break. I would be smiling too if I was working and had a job. President Obama has done nothing for the millions of Amercicans who lost thier job. Christina Romerbs was letting everyone know how if you lost your job now the government would help with your COBRA payments. Please that is only good if you lost your job from September 1, 2008 through the present time. In short if you lost your job prior to September 1, 2008 and have been unable to find a job President Obama and Congress will not help you and could care less with COBRA insurance or anything else. My COBRA bill is over $650 a month for Health Insurance. What a joke I am no better off under President Obama than President George W. Bush. I never thought I could say that but it is true.

President Obama during the 2008 election you ran on change? President Obama I am sorry but millions of Americans like me do not see any change and we need your help.

Billions of dollars for Wall Street, Banks, and AIG and the regular American people who got caught up in this mess and have worked thier entire lives"GET NOTHING".

When the jobs dry up and the land becomes barren: "If my people, who are called by my name will humble themselves and pray, seek my face, and turn from their wicked ways; then I will hear from heaven and forgive their sins and heal their land." There is famine in the land. The salt of the earth (Christians) have lost their effectiveness and their affectiveness. When they turn back to God, pray and seek His face in earnest; the economy will begin to turn around. It started with Bush, and President Obama is saddled with it now. But this is not the time for finger pointing. This is a time for those who know how to pray to pray. Laugh if you will, God is speaking from His high heaven. TGBAG.

Just think how much faster we would recover if obama and the democrats would keep their hands out of it?

The last time a democrat messed with the market, (clinton and the banking via Fannie and Freddie and forcing bad loans on the banks), look what it did to us.

You would think someone who you all think is so intelligent would learn from history, but I think we are all in a little less awe of a Harvard education now.

But nice to see someone tell it like it is and not try to blame it on Bush as an excuse. Good for her. At least 1 obama appointee worth something.

At least she has the decency to be honest and direct.

The stock market and jobs will continue to spiral downward as long as President Hope & Change continues to tell investors and business man that it's not ok to make a profit in new socialist America. Just sit at home on welfare and make the evil rich pay for it. Thank you for rewarding failure Mr. President.

GOP! If you would just relax and not clinch up so much it won't hurt so bad. Think of it as if Obama is just trying to take your tempeture.

It's nice to hear the truth, even if it hurts.

We were having slow death since the beginning of the subprime lending boom. Now people have to be patient for the economy to recover in the mean time we have to endure the painful unemployment, the decline of the stock marke etc.. . The diagnosis came eight years late. The prescription is in and wait if it works hopefully it would. It is better to acknowledge the problem than ignore to bounce by itself.

How long do you think it will take President Obama to overcome the bush destruction of the economy?

Thank you GWB and the so called "conservatives", must feel good to know you helped to get us where we are today. Any one for more deregulation, no bid contracts, spending like drunken sailors primarily for the have and the have mores.

We knew this would take time. We gave Bush 8 years, the least we could do is give Obama 4.

Why is she speaking up now? It was obvious since the transitional period where he was seen hiring the best and experienced of the crop. Not to mention the Clintonians of the 90's. Experience people know what it takes to syncronize. You know like...syncronize swimming. Morons! Take to the streets and demand we want our country back now!!!

If they even hint that this is the Bush administration's fault, they are spinning it. This is 100% Obama's and Pelosi's and Reed's mess.

And so it shall be. I feel that this President inherited a big mess that has hidden under the surface for years. I'm sure that Bush is glad his term is through. We must all remeber that the problems we face today will not be o er anytime soon – we aren't playing a dadgum video game here!

Hey let all these companies fail like so many people are saying Then, we would really see what unemployment is about.

We love to support stupid spending like war and tax cuts on big corps. But, spend one dollar on the average citizen and we have a problem!

Honesty – what a refreshing change!

"Hey, it's good to be - at least in my best comfort zone, man," Biden said today. "The best place for me to be my whole career is surrounded by organized labor. And I know how to say 'union.'

"You know, you go home with them that brung you to the dance," Biden said. "Well, you all brought me to the dance a long time ago. And it's time we start dancing, man. It's time we start dancing."

Applause.

Bammy Boy.....

and mccain was the politcal choice, the one who said "the economy is strong". of course he said he didn't understand economics. HELLO. what a mess the last 8 years has gotten us into.

I thought John Goodman paid his taxes, what is he doing on Obama's payroll?

She seems to be good with numbers. Maybe Obama should consult her before speaking. Yesterday he said every 30 seconds someone goes bankrupt because of health care costs. This is a totaly made up number used as a fear tatic so no one will stop and question what he is doing. A total lie. No one in his administration can support the number or identify it's source. Change no one can believe in.

and mccain was the politcal choice, the one who said "the economy is strong". of course he said he didn't understand economics. HELLO. what a mess the last 8 years has gotten us into.

As a business owner I can tell you that if Obama continues on his spending spree and does not consider tax reductions on the corporate side and business owner side, this recession will continue to deepen, and there will be more job losses. The President and his big government spending approach is not the way to go and most economists disagree with the inexperienced new President.

Notwithstanding White House reports that all economists are now Keynesians and that they all support a big increase in the burden of government, many leading economists do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1990's. More government spending did not solve Japan's "lost decade" in the 1990's. As such, it is a triumph of Mr Obama's hope over his lack of economic experience to believe that more government spending will help the US today. To improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment, and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.

If the President was to see a sudden increase in banking activity, lending, and a stock market rally to stem the losses in America's retirement savings, he could do just two things:

1. Suspend the mark to market accounting rules for banks, insurance companies, and REITS for one year.

2. Eliminate the capital gains tax on stocks and bonds for any purchases made between now and the end of 2009.

Do this, and you will see a remarkable and sudden turnaround.

Wow! A PhD from MIT AND numerous books... How progressive of her!!

Maybe if the economy further errodes, those grossly overpaid athletes and actors/actresses will be out of work because nobody can afford to go a game or movie anymore.

I'm full of hope, got no job, but plenty of hope..., thanks Obama.

Expected!!??

I just read a headline on msnbc.com that said neither party says it''s their economy....well I guess we can blame it on the terrorists then.

Where are all the jobs the administration has promised to create?

I love the honesty. Don't gas my head up and tell me it's not that bad, when we all know it is. Stick an IV and some dope into this economy and we should start moving again.

Obummer, you need to do something quick. Where is that magic wand that you had whenever you were campaigning? You had all the answers. Forget about that White House dog and the swing set and do your job. A lot of people are waiting.

YEAH!!! Change we can believe in!! Awesome Job, Obama!!

Stock Market now down to 6500 and falling. What is Obama doing? Packing his bags for the European trip with Michelle.

With the declining unemployment rate every month, it does seem like doom and gloom. I remember twenty-five years ago, it was rough, living from hand to mouth, but yes we will recover. it will take time and trust me, go on Recovery.gov and go to your state and see where our tax dollars are going. Right now only a few states are up and running, but keep checking.

I wish us all the best of luck!!!!!!!!!!!!!!