The first official quarterly meeting of the Presidents Economic Recovery Advisory Board (PERAB), chaired by Paul Volcker, is held in the Roosevelt Room at the White House. May 20, 2009. (Public Domain)
Keep up with the latest Obama news and information with Amazon's 6" Wireless reading device. Amazon are offering the best deal online and are offering a special discount for a limited period. Click here to take advantage of this amazing special offer
Related Posts:
Tags: Board, Economic, First, meeting, Obama's, President, Recovery
ERROLCUSTERFLYNN4EVR on April 17th, 2010 1:31 pm
……it’s ABOUT THE WALL STREET BANKERS,,,STUPID!
ERROLCUSTERFLYNN4EVR on April 17th, 2010 1:50 pm
a holiday wish from MAINSTREET USA to our esteemed white house executive, officials, advisors, et al, etc etc, ad nauseum…..see the depression era’s message movie, “THEY DIED WITH THEIR BOOTS ON”,,,,,,,,preferably in the wee small hours when you lie awake in bed thinking about your next brilliant strategery………..
Nmhumbug on April 17th, 2010 1:50 pm
A Confederacy of Dunces.
esj8341 on April 17th, 2010 2:03 pm
Commiescu,
The facts show that the downward in the economy started during the Clinton presidency.
I’d agree however that Bush in many ways resembled a Democrat in that he overspent on Katrian aid, federal programs such as No Child Left Behind, and sector bail outs.
See “The Business-Cycle Peak of March 2001,” National Bureau of Economic Research, 26 Nov. 2001. See Also “The Facts about Upcoming New Benefits in Medicare,” US Department of Health & Human Services, fact sheet, undated.
auriciangelescu on April 17th, 2010 2:04 pm
Bush inherited prosperity and budget surplus and turned it into the worst recession since the great depression!
garyowen4ever on April 17th, 2010 2:07 pm
Judica me Deus, et discerne causam meum de gente non sancta ab homine iniquo et doloso erue me.
garyowen4ever on April 17th, 2010 3:05 pm
boys and girls, i seriously doubt this channel is THEE OFFICIAL WHITE HOUSE CHANNEL, since tuber geeks like to pretend…..HOWEVER, REAGAN AND THE DEMOCRATS sold out mainstreet to WALL STREET BEGINNING IN 1981, and it ONLY GETS WORSE,,,,,OUR WASH DC GOVT IS THE BOUGHT LAP DOG OF WALL STREET and the recent PBS Frontline report on 16 june 09 shows that WASH AND WALL STREET ARE JUST ONE BIG WHOREHOUSE,,,,,,,,,,,end of story!
chaniwie on April 17th, 2010 3:40 pm
this quality is good..its like i am actually sitting in the white house
esj8341 on April 17th, 2010 4:33 pm
Meds,
How many more attacks with loss of life were carried out by militant islamic extremists after 9/11?
***
Obama called Bush’s surge in Iraq a “success “beyond our wildest dreams.” What legislative or executive move has Obama ever done besides increase the deficit to over 11 trillion?
medartist01 on April 17th, 2010 4:55 pm
Too bad that the Rupublicans arent man enough to responsibly tend to the nation and provide for its protection and welfare. They fail us and let the country be ATTACKED on 9/11, then they BORROW AND SPEND us into DOUBLING THE NATIONAL DEBT, then they fail in 2 wars, then they fail us in the economy, and then they DROWN A WHOLE STATE. Amazing incompetence! But lets not forget their best efforts at HATING THIS NATION so much they HOPE IT FAILS in 2009. The contempt they have for our people…
medartist01 on April 17th, 2010 5:24 pm
Its so much like a Republican, who bumbled and fumbled the nation into chaos, to then suggest, we do NOTHING. Let the banks fail, let industry fail, let millions of Americans lose their homes and jobs and DO NOTHING. No solutions. ZERO. A bankrupt brain without idea one. No wonder. It will take tens of trillions TO FIX THE REPUBLICAN DISASTER THAT WAS FOISTED ON THIS NATION BY BUSH. Whats more, the GOP is just hoping that we forget why we had to spend this money. We had to, or wed all die.
medartist01 on April 17th, 2010 5:44 pm
Its so much fun to laugh on a Monday morning. No other President in US history passed on more chaos to the next guy than George W. Bush. The US economy and financial institutions melted down on Bushs watch. Trillions in debt, and the beginning of trillions in spending to save the nation from ruin. 2 ongoing failed wars to pay for and fix. A huge recession, trillions lost in the markets, and that was all shoveled at Obama on DAY 1. And you have the audacity to compare that to 2001. Pathetic!
esj8341 on April 17th, 2010 5:46 pm
Meds,
This sounds like hyperbole, but it is not. Obama has ALREADY OUTSPENT US PRESIDENTS COMBINED. Bush inherited a recession and turned it into 7 1/2 years of growth.
medartist01 on April 17th, 2010 5:49 pm
As we can all see, the Republicans have given Obama multiple calamities to fix. So many Republican policy failures that even Lincoln, Washington, Kennedy, Roosevelt, Reagan, and H. W. Bush would gag and throw up at, if given the same toxic waste at the beginning of their term. Utter chaos and incompetence is what marks this modern Republican-Fanatical Party. The worst party in United States history, and definitely the WORST President in modern history. And their new party chief, Rush Limbaugh!
medartist01 on April 17th, 2010 6:46 pm
Lets shout out continually to the citizens of the US, a nation on the long road to recovery, after the Republicans utterly destroyed our values and ideals, that the GOP should never again be given any bit of political power, especially access to our military, which they used like pawns, to start hot wars of whim, and murdered so many of our brave men and women, painted a yellow and brown stain across the Statue of Liberty which they desecratated with their torture policy. Shame on you, GOP!
medartist01 on April 17th, 2010 7:14 pm
Lets give these minority Republicans a STANDING OVATION for having NO shame. I have to stand and bow to these clowns. No other American President in US history has accepted ZERO responsibility for any of their actions than the arrogant terrorists of the Bush administration. They leave Obama a nation in chaos, after 8 years of almost complete GOP control of all levers of power, and they have the audacity to say that it was the guy – almost ten years prior – who caused the chaos. The BS of clowns.
esj8341 on April 17th, 2010 7:49 pm
Actually the Community Reinvestment Act (”CRS”) was started up by Pres. Carter and expanded by Pres. Clinton. Some Republicans stood by others fought against the idea of forcing mortgage lenders to lend to the loosers. Other Republicans stood by and did nothing. Democrats such as Barney Frank, Chris Dodds, Carter, Clinton, and later Obama however were the primary originators, managers, and cheerleaders of CRS.
BrainDeadRepublican on April 17th, 2010 8:19 pm
It was resistance of dems to regulations that caused it.
On Sept. 25. 2008, in an appearance by Bill Clinton on ABCs Good Morning America . There was reference to his partys efforts to prevent Republican Regulations to prevent the meltdown. Bill Clinton said, “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress, or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”
BrainDeadRepublican on April 17th, 2010 8:22 pm
I didn’t say it, Bill Clinton claimed credit for it himself on ABC on Sept. 25, 2008.
medartist01 on April 17th, 2010 9:01 pm
BrainDeadR is saying Bill Clinton CAUSED the financial and mortgage meltdown ten years BEFORE it happened, and 7 years into the Republican administration! Ha. What an incredible statement to have to type out. I bet that was painful. Um, mom, the reason why I didn’t finish my homework was the dog ate it ten years ago, before we actually bought him, and um… and also, I had nothing to do with any of it, and um.. well, why are you looking at me like I’m nuts? It’s true, it was Clinton’s fault. Ha.
medartist01 on April 17th, 2010 9:22 pm
You’re ABSOLUTELY right, BrainDeadRepublican. Bill Clinton in 2000 created the mortgage meltdown in 2007 during the 2nd term of the Bush Administration! Further, you’re right again, Bill Clinton, while he was a citizen, caused the Bush Administration to flub it in late September 2001, when we were attacked by terrorists! I suppose, by your logic, Bill Clinton was also to blame for Katrina! And the reason why Bush couldn’t find the Hussein links to Bin Laden OR the WMD?! You guys are hilarious!
karimrakha on April 17th, 2010 9:58 pm
and what good is it if the home prices go up 10% and the $ value goes down 30% …the net result is that the value it self went down…who are we fooling….being happy the stocks came uo 2% and the us $ down 5%…what good is it to print money to boost the oil prices and in the end u find the gas on the pump 3 times high during such a bad time and unimployement…why dont they find better ways than promoting inflation with printed money
karimrakha on April 17th, 2010 10:51 pm
the biggest money printer ever ….i think the whole administration had hidden history falsifying money…the only thing they did so far was print and print and print going down with the us $ now no body in the world respects the us 4 anymore after it was the safe haven…what worse could be done ..even the banana republics or zembabway wont print money like that
karimrakha on April 17th, 2010 11:22 pm
he made the us $ lose 30 % of its value…what good does it make to print money and give it to the big companies that are mis managed…like that he makes the $ value go down to give the money to the rich….how could this be a democrats policy
ndizindoto on April 18th, 2010 12:00 am
Obama is screwing up everything that he can get his hands on. And where are all those jobs that he promised? People are losing their jobs not finding more work. Obama has weakened our defenses, he’s raising taxes, he puts us in more debt than all the previous presidents combined, he makes fun of ‘Special Olympic’ participants, can’t speak without a teleprompter, gas is going up and jobs disappearing…we’re screwed. Thanks a lot Obama supporters, you made your vote count. Idiots.