Obama on US economic crisis: ‘The fire is now out’

Posted by admin | Filed under Economics | Jul 21, 2009 | No Comments

This guy is either clueless or is completely full of crap.

WASHINGTON — US President Barack Obama defended his administration’s response to the economic crisis over the last six months, declaring: “The fire is now out.”

“I think that we have stepped back from the abyss. I think we’ve put out the fire,” he said in an interview with PBS, according to a transcript released by the TV station.

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