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Obama Attends First Recovery Advisory Board Meeting

By Michael A. Fletcher
President Obama declared today that there is "some return to normalcy" in parts of the financial markets, as he attended the first meeting of his Economic Recovery Advisory Board.

Obama told the board that his goal is to move the country not only into a full economic recovery but also "a sustainable economic model post bubble and bust."

The meeting of the 16-person board, made up of labor, business and former government officials, was held at the White House and streamed live via the White House website. The board, led by former Federal Reserve Chairman Paul A. Volcker, is intended to provide an outside sounding board for the administration's efforts to rebuild the economy.

Speaking to reporters after the meeting, Volcker said there was "remarkable consensus" among board members on the need to build an economic revival around "green jobs" and renewable energy.

By Web Politics Editor  |  May 20, 2009; 1:05 PM ET
Categories:  Economy  
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The country that can disconnect from the oil economy will win, big time. The Oil rich countries will sink back into their 13th century lifestyle, no one will want or need their black poison, and funding for their brand of religious whackos will dry up.

We've known that oil-drug dependency was a risk to national security since the 70's. Republicans wanted to be the middle men, distributing it from the suppliers. Any attempt at alternatives and they would scream at the junkies, "Dems want to take your drugs away!!!!".

It's over. Most junkies won't kick it until they've hit bottom. The unregulated securities market crash did just that.

It's time to shake the monkey off America's back. Don't be scared. We'll get through it. Don't listen to the drug dealers, they need you to stay hooked so they can make money. They are not your friends.

Posted by: thebobbob | May 20, 2009 6:50 PM | Report abuse

The game plan is to sink everything into the "green economy". Pass emission regulations, increase the cost of gasoline to six to eight dollars a gallon to force people into the new green cars, pass the cap and trade tax.

Obama is placing all of our eggs in one green basket. If he thinks the Country can convert to green in time to save the economy he is delusional. The only thing green will be the amount of manure Obama and the government spews on this to spin the recovery. Next up, inflation.

Posted by: Bubbette1 | May 20, 2009 5:43 PM | Report abuse

Obama is being overly optimistic about the economy because that is all he can do. His spending policies will put a drag on GDP by slowing private sector growth. He even has the CEO of GM out their talking up the economy.

Posted by: BubbaRight | May 20, 2009 4:29 PM | Report abuse

from the NY TIMES: The deficit at the federal agency that guarantees pensions for 44 million Americans more than doubled in the last six months to a record high, reaching $33.5 billion, largely as a result of the surging number of bankruptcies.
I voted for Obama, can I take my vote back ? What recovery is he talking about, I guess it's the big banks with all our tax payers money showing an increase in assets ? He loves those Banks doesn't he just like Bush loved the oil companies.

Posted by: wasaUFO | May 20, 2009 2:33 PM | Report abuse

The only thing obama sees or hears is what his handlers want him to know that way he can play innocent. What a PHONY Pres. by the way how are things going in Kenya?

Posted by: WRH51 | May 20, 2009 1:47 PM | Report abuse

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