World-News

TruthDig
by Marie Cocco

07/08/09

When a virulent disease is ravaging you like a cancer, you don’t want a cacophony of voices promoting different or contradictory cures. Yet that is what we’re starting to hear about the economic crisis, not only from a politically divided — and pretty scared — capital, but from within the Obama administration itself. In just the past few days, Vice President Joe Biden has said the young administration misread the depth of the recession—an honest account, since most private economists did as well. Laura Tyson, an outside economic adviser to the White House, said it’s wise to start preparing another stimulus package. Then President Barack Obama made everything perfectly muddy when he said in an ABC News interview that the seriousness of the downturn and how to attack it is ’something we wrestle with constantly.’ Yet in the next breath, he expressed concern about the burgeoning deficit...

http://tinyurl.com/nvvy65


Informant: Thomas L. Knapp



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