Saturday, February 2, 2013

Obama Blames Economy on 'Bad Decisions''

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I WOULD SAY SO
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In his weekly address, President Barack Obama blamed the economic problems on "bad decisions."
Obama thinking
"[T]his week, we also received the first estimate of America’s economic growth over the last few months.  And it reminded us that bad decisions in Washington can get in the way of our economic progress," said Obama, presumably referring to the uptick in unemployment from 7.8 percent to 7.9 percent and the news that the economy contracted in the final quarter of last year.
The president did not name which decisions were "bad," and who specifically was to blame for those "bad decisions." But he did blame Washington. 
"2013 can be a year of solid growth, more jobs, and higher wages.  But that will only happen if we put a stop to self-inflicted wounds in Washington.  Everyone in Washington needs to focus not on politics but on what’s right for the country; on what’s right for you and your families.  That’s how we’ll get our economy growing faster.  That’s how we’ll strengthen our middle class.  And that’s how we’ll build a country that rewards the effort and determination of every single American," said Obama.
Obama reiterated his support for a "balanced approach" going forward.