EconWatch.com > Obama Says Economy Shows ”˜Glimmers of Hope’ - Washington Wire - WSJ

[WSJ.com: Washington Wire] despite remaining under stress and signaled more steps are coming to brighten the business climate. Obama commented to reporters after meeting at the White House with members of his economic team, including Treasury Secretary Timothy Geithner, economic adviser Larry Summers and Federal Reserve Chairman Ben Bernanke.

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[Business] Ohio.com - Obama says economy is looking up: ''The sense of a ball falling off a table, which is what the economy has felt like since the middle of last fall, I think we can be reasonably confident that that is going to end within the next few months, and we will no longer have that sense of a free fall,'' Summers said Thursday at the Economic Club of Washington.

[Arkansas Democrat-Gazette stories: Latest News] Obama: Economy bit sunnier: Obama commented to reporters after meeting at the White House with members of his economic team, including Treasury Secretary Timothy Geithner, economic adviser Larry Summers and Federal Reserve Chairman Ben Bernanke.

[Local Breaking News] Ohio.com - Obama says economy showing 'glimmers of hope': Obama commented today after meeting with members of his economic team, including Treasury Secretary Timothy Geithner, economics adviser Larry Summers and Christina Romer, chairman of the White House Council of Economic Advisers.

[Document Dump .com | Steal This Blog] Obama’s Top Economic Adviser Is Greedy and Highly Compromised ...: It follows that when Goldman’s chief partner in those CDS deals, AIG, collapses as part of this wave of crashes, Paulson ”” now Treasury secretary ”” rushes to the rescue, pumping billions in taxpayer money into AIG that is quickly funneled to Goldman. Then a Goldman alum is put in charge of AIG, while another bunch of Goldman alums funnels still more bailout money to AIG, and yet another Goldman alum is put in charge of regulating the derivatives market that is the focus of most of the bailout efforts.

[AlterNet.org: Coverage Areas] Obama's Top Economic Adviser Is Greedy and Highly Compromised ...: The last two bailouts of AIG take place after a former Goldman chief, Robert Rubin (who, incidentally, helped start this mess by ramming through a series of i-banker wet-dream deregulatory moves as Treasury secretary for Clinton in the 1990s), is named to the Obama transition team, joining Summers (who had already taken $135,000 from Goldman that year) and Timothy Geithner (a protege of another Goldman alum, John Thain, former president and chief operating officer and notorious scumbag).

[The Swamp] Obama: 'Glimmers of hope' in economy: The Swamp: President Barack Obama, after meeting with Federal Reserve Chairman Ben Bernanke and others today, suggested that the economy is starting to show some "glimmers of hope.''

[9&10 News Headlines From Northern Michigan News Leader] 9&10 News: Obama Says Economy Showing 'Glimmers of Hope': Obama commented Friday after meeting with members of his economic team, including Treasury Secretary Timothy Geithner, economics adviser Larry Summers and Christina Romer, chairman of the White House Council of Economic Advisers.

[Postbulletin.com Local Business] Postbulletin.com: Rochester, MN: "We're starting to see glimmers of hope across the economy," the president said after a White House meeting with his economic team, including Treasury Secretary Timothy Geithner and top economic adviser Larry Summers. Federal Reserve Chairman Ben Bernanke also participated in the session.

[Enemy Combatant Trailmix Appreciation Club] Barack Obama, Larry Summers, and More of the Same: The choice of Larry Summers as his top economic advisor is an ugly, stupid, choice that at best paints Obama as completely unaware of his advisors actions, and at worst as corrupt and twisted. 

[OBAMAers Dot Com] Larry Summers, Tim Geithner and Wall Street’s ownership of government: Last night, former Reagan-era S&L regulator and current University of Missouri Professor Bill Black was on Bill Moyers' Journal and detailed the magnitude of what he called the on-going massive fraud, the role Tim Geithner played in it before being promoted to Treasury Secretary (where he continues to abet it), and -- most amazingly of all -- the crusade led by Alan Greenspan, former Goldman CEO Robert Rubin (Geithner's mentor) and Larry Summers in the late 1990s to block the efforts of top regulators (especially Brooksley Born, head of the Commodities Futures Trading Commission) to regulate the exact financial derivatives market that became the principal cause of the global financial crisis. To get a sense for how deep and massive is the on-going fraud and the key role played in it by key Obama officials, I highly recommend watching that Black interview (it can be seen here and the transcript is here).

[The Hill's Blog Briefing Room] The Hill’s Blog Briefing Room » Obama: economy shows ”˜glimmers of ...: Tim Geithner, Fed Chairman Ben Bernanke, Council of Economic Advisers chairwoman Christina Romer, and National Economic Council Director Larry Summers.

[Oxbury Publishing] Obama says economy showing ”˜glimmers of hope’ | Oxbury Publishing: “We’re starting to see glimmers of hope across the economy,” the president said after a White House meeting with his economic team, including Treasury Secretary Timothy Geithner and top economic adviser Larry Summers. You Know Things Are Bad When Even Newsweek Is Slamming the Obama Administration for Caving in to .

[Business - cleveland.com] Obama says economy showing 'glimmers of hope' - Business ...: "The sense of a ball falling off a table, which is what the economy has felt like since the middle of last fall, I think we can be reasonably confident that that is going to end within the next few months, and we will no longer have that sense of a free fall," Summers said Thursday at the Economic Club of Washington.

[The Cynical Economist] The Cynical Economist » Blog Archive » Larry Summers, Tim Geithner ...: Just think about how this works.  People like Rubin, Summers and Gensler shuffle back and forth from the public to the private sector and back again, repeatedly switching places with their GOP counterparts in this endless public/private sector looting.  When in government, they ensure that the laws and regulations are written to redound directly to the benefit of a handful of Wall St. firms, literally abolishing all safeguards and allowing them to pillage and steal.  Then, when out of government, they return to those very firms and collect millions upon millions of dollars, profits made possible by the laws and regulations they implemented when in government.  Then, when their party returns to power, they return back to government, where they continue to use their influence to ensure that the oligarchical circle that rewards them so massively is protected and advanced.  This corruption is so tawdry and transparent —

[Cafe Talk Aggregator] Obama and Progressive Discontents* | destor23's Blog: It also got me thinking of how so many expect the hope and solidarity ginned up among the strongest supporters for a favored candidate to continue after winning an election. There's no recognition that there's simply a suspension of reality for a time, a suspension of the reality that to win a presidency what has to happen is that plenty of people vote for your candidate without being big fans, indeed probably most who vote for your candidate (if you are the "supporter" type,) are just thinking when they cast the vote: "best of the bunch, let's see how he/she does." I don't think most people go in to vote expecting the candidate to be doing everything they would like in the first place.

[The Big Money] Obama Cites "Glimmers of Hope" While Banks Get Stressed by Stress ...: Today's Business Press The press has widespread coverage of President Obama’s meeting with his economic advisers (including Timothy Geithner, Ben Bernanke, Lawrence Summers, and Sheila Bair) from Friday, with most quoting Obama hopeful .

[Online Forex Trading Blog] Wells Fargo Helps Boost US Economy With Profitable Quarter ...: The good news was timely.  On Friday, the Obama administration will take a long, hard look at the results of the regulatory stress tests recently concluded at many of the country’s 19 largest banks.  Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke, FDIC Chair Sheila Blair, the SEC’s Mary Schapiro, Comptroller of the Currency John Dugan and Economic Advisor Larry Summers will be in attendance for the Friday session.  The stress tests will be reviewed and a plan set forth to continue the banking industry’s stabilization.

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