In my opinion, a president should do everything he can to encourage the country in tough times. That doesn't mean he should lie, but he should be positive and optimistic despite the challenges. He should seize on good news and trumpet it for all to hear so as to create an air of optimism and confidence. President Obama has been doing the exact opposite.
Obviously some--maybe most--of that was to make things look as grim as possible to justify the spending package he so dearly wanted. Now that he's got his spending bill, perhaps he'll start talking
up the economy so that the economy will actually start improving and he can credit his spending bill--or the confidence he'll claim the spending package inspired if the economy turns around before any significant money is spent.
Yes, there's plenty of bad news out there. And the president has certainly been eager to make sure we know about it--and consumer confidence has
cratered as a result.
But there has also been plenty of
good news that the Obama administration
should have been celebrating and talking up... but hasn't. I've been writing comments on these over the last few months but it's just gotten so repetitive that I don't feel there's a reason to write a new comment on every example of arguably good news that the administration ignores.
Update 2/20/2009: Bill Clinton has now
suggested that Obama be more positive, too.
So I'm going to start putting examples on this page. As more examples of the Obama administration ignoring good news occur, I'll simply add those examples to this page. I'm going to keep documenting it.
Again, the purpose of this page isn't to suggest that the economy is ok. It's not. But considering that many people believe that the commander-in-chief should be the "cheerleader-in-chief" when it comes to the economy, these are things we should've heard the president highlight. And we didn't. And I think the value of him highlighting these types of things would do far more good to inspire confidence in the economy than the $787 billion spending bill.
| 5/5/2009 |
Bernanke: Economy to turn up  |
| 5/4/2009 |
Pending home sales jump 3.2%  |
| 5/4/2009 |
Surprise rise in construction spending  |
| 5/1/2009 |
Consumer Sentiment Rises in April  |
| 04/30/2009 |
New Jobless Claims Unexpectedly Drop  |
| 04/29/2009 |
Rebound In Consumer Spending Cheers Retail Stocks  |
| 03/27/2009 |
Consumer sentiment improved in February  |
| 03/27/2009 |
Consumer spending up in February  |
| 03/25/2009 |
New Home Sales up 4.7% in February  |
| 03/25/2009 |
Durable goods orders up 3.4%  |
| 03/24/2009 |
Home prices rise 1.7% in January  |
| 03/23/2009 |
Existing home sales increase 5.1%  |
| 03/17/2009 |
Housing starts jump unexpectedly  |
| 03/12/2009 |
January and February retail sales better than expected  |
| 03/10/2009 |
AT&T to hire 3000 this year  |
| 03/05/2009 |
Unexpected drop in new jobless claims  |
| 03/02/2009 |
ISM Manufacturing index rises 2nd month in a row  |
| 03/02/2009 |
Consumer spending increases in January  |
| 02/19/2009 |
Leading economic indicators jump 0.4%, second monthly increase in a row  |
| 02/17/2009 |
Bank lending remains resilient  |
| 02/17/2009 |
Homebuilder sentiment up in February  |
| 02/12/2009 |
Retail sales jump 1% in January, first increase in 6 months  |
| 02/11/2009 |
Federal Reserve expects economy to begin to recover later this year  |
| 02/04/2009 |
ISM non-manufacturing index increased from 40.1 to 42.9  |
| 02/04/2009 |
Buffet suggests it's time to invest in stock market  |
| 02/03/2009 |
Pending home sales up 6.3%  |
| 01/26/2009 |
Many economists believe recovery will begin after 2nd quarter of 2009  |
| 01/26/2009 |
Leading economic indicators defy expectations, increase 0.3%  |
| 01/08/2009 |
CBO predicts slow recovery in 2010  |
| 01/06/2009 |
ISM non-manufacturing index increased from 37.3 to 40.6  |
| 01/05/2009 |
Construction spending higher than expected  |