Topic: Obama warns of economic "headwinds,"
no photo
Mon 07/30/12 06:51 PM
NEW YORK (Reuters) - President Barack Obama warned on Monday the U.S. economy would face continuing "headwinds" over the next few months, with Europe's debt crisis still posing a challenge, but predicted the euro zone and its currency would remain intact.

"I don't think ultimately that the Europeans will let the euro unravel but they are going to have to take some decisive steps," Obama said at a campaign fundraiser in New York.

"I am spending an enormous amount of time trying to work with them, and (Treasury Secretary) Tim Geithner is trying to work with them," he said. "The sooner they take some decisive action, the better off we're going to be."

Obama's re-election bid is threatened by high U.S. unemployment and a stumbling economy, which has felt shockwaves from Europe's debt troubles.

"Right now, the economy is still rough enough for enough people that this is going to be a close election," Obama said. Polls show him in a dead heat with Republican challenger Mitt Romney ahead of the November 6 election.

U.S. economic growth slowed in the second quarter to a 1.5 percent annual rate, the weakest pace in a year, the Commerce Department said on Friday.

"We're going to have some continued headwinds over the next several months," Obama said. "Europe is still a challenge."

More Headwinds? what

Dodo_David's photo
Mon 07/30/12 07:29 PM
"Continued headwinds" is political spin that means, "My policies haven't helped the our nation's economy, but it's not my fault."

Oh, here is the web address for the Reuters article:

http://www.reuters.com/article/2012/07/31/us-eurozone-obama-idUSBRE86U00D20120731

no photo
Mon 07/30/12 08:05 PM
Edited by alleoops on Mon 07/30/12 08:06 PM

"Continued headwinds" is political spin that means, "My policies haven't helped the our nation's economy, but it's not my fault."

Oh, here is the web address for the Reuters article:

http://www.reuters.com/article/2012/07/31/us-eurozone-obama-idUSBRE86U00D20120731


Or maybe, "My policies have hurt the nation's economy"

AndyBgood's photo
Mon 07/30/12 08:22 PM
Wasn't Obama being quoted as saying two weeks ago our economy was on track? What is it? on track or not? Can't he make up his mind or is he making all this up?

Dodo_David's photo
Mon 07/30/12 08:51 PM

Wasn't Obama being quoted as saying two weeks ago our economy was on track? What is it? on track or not? Can't he make up his mind or is he making all this up?

He's a politician. What else would you expect from him?

Troubled's photo
Mon 07/30/12 10:58 PM


"Headwinds".........Yeah,category 8

Conrad_73's photo
Tue 07/31/12 01:53 AM

no photo
Tue 07/31/12 10:49 AM




rofl rofl rofl rofl

Conrad_73's photo
Tue 07/31/12 12:06 PM
with all those Headwinds,I hope he knows not to pee off the Bow of the Boat!bigsmile

InvictusV's photo
Tue 07/31/12 01:53 PM

NEW YORK (Reuters) - President Barack Obama warned on Monday the U.S. economy would face continuing "headwinds" over the next few months, with Europe's debt crisis still posing a challenge, but predicted the euro zone and its currency would remain intact.

"I don't think ultimately that the Europeans will let the euro unravel but they are going to have to take some decisive steps," Obama said at a campaign fundraiser in New York.

"I am spending an enormous amount of time trying to work with them, and (Treasury Secretary) Tim Geithner is trying to work with them," he said. "The sooner they take some decisive action, the better off we're going to be."

Obama's re-election bid is threatened by high U.S. unemployment and a stumbling economy, which has felt shockwaves from Europe's debt troubles.

"Right now, the economy is still rough enough for enough people that this is going to be a close election," Obama said. Polls show him in a dead heat with Republican challenger Mitt Romney ahead of the November 6 election.

U.S. economic growth slowed in the second quarter to a 1.5 percent annual rate, the weakest pace in a year, the Commerce Department said on Friday.

"We're going to have some continued headwinds over the next several months," Obama said. "Europe is still a challenge."

More Headwinds? what


he has been talking about headwinds since he took office.ffs




InvictusV's photo
Tue 07/31/12 01:56 PM
headwinds..

haha

http://www.youtube.com/watch?v=-PPfkDCyn8k

no photo
Tue 07/31/12 02:10 PM
4 years, and all he can come up with is headwinds. Headwinds?,Headwinds? We ain't got no stinkin headwinds.

InvictusV's photo
Tue 07/31/12 02:22 PM

4 years, and all he can come up with is headwinds. Headwinds?,Headwinds? We ain't got no stinkin headwinds.


he calls it headwinds I call it turning the prop in reverse..

s1owhand's photo
Tue 07/31/12 02:25 PM
Better that TAILWINDS!

whew!