{"id":82895,"date":"2009-12-15T06:54:28","date_gmt":"2009-12-15T11:54:28","guid":{"rendered":"http:\/\/www.businessinsider.com\/mission-not-accomplished-all-weve-done-is-increase-our-debt-load-2009-12"},"modified":"2009-12-15T06:54:28","modified_gmt":"2009-12-15T11:54:28","slug":"mission-not-accomplished-all-weve-done-is-increase-our-debt-load","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/82895","title":{"rendered":"Mission Not Accomplished: All We&#8217;ve Done Is Increase Our Debt Load"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4ac617b5e433360721d85f16&amp;maxX=356&amp;maxY=267\" border=\"0\" alt=\"barack obama aircraft missions accomplished\" width=\"356\" height=\"267\" \/><\/p>\n<p>Although Barack Obama has refrained, at least for now, from delivering  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttriumphant speeches in a naval flight suit, there is nevertheless a strong tone  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tof accomplishment emanating from the United States president and his deputies. \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p> Over the weekend, top White House economic adviser, Lawrence Summers, even  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tpronounced that the recession was now over. Without hedging his bets, Summers  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdeclared that thanks to the Obama administration&#8217;s wise stewardship, economic  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tstimuli and emergency bailouts, another Great Depression, set up by the prior  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tadministration, had been narrowly averted. Summers saw no impediment to the  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\treturn of sustainable growth. He may as well have delivered these remarks from the deck of an aircraft carrier, in the  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tmanner of <span class=\"IL_AD\">president George W Bush<\/span>, who delivered a speech on Iraq from the <em>USS  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAbraham Lincoln<\/em> in front of a banner proclaiming &#8220;mission  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\taccomplished&#8221;. \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p> I hate to shoot down these high-flying expectations, but <span class=\"IL_AD\">the economy<\/span> is not  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\timproving. All that has changed is that we are now more indebted to foreign  \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tcreditors, with even less to show for it.<\/p>\n<p><strong><a href=\"http:\/\/www.atimes.com\/atimes\/Global_Economy\/KL16Dj02.html\">Read the whole story at Asia Times Online &gt;&gt;<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/mission-not-accomplished-all-weve-done-is-increase-our-debt-load-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/obama-administration-cant-decide-whether-the-recession-is-over-but-it-want-banks-to-lever-up-2009-12\">Obama Administration Can&#8217;t Decide Whether The Recession Is Over, But It Wants Banks To Lever Up<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/peter-schiff-im-beating-senator-dodd-in-the-polls-2009-12\">Peter Schiff Gloats About How He&#8217;s Whipping Chris Dodd In The Polls<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/obamas-newfound-populism-all-hat-no-cattle-2009-12\">Obama&#8217;s Newfound Populism: All Hat No Cattle<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/6v38S8RzsOg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the United States president and his deputies. Over the weekend, top White House economic adviser, Lawrence Summers, even pronounced that the recession was now over. Without hedging [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-82895","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/82895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=82895"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/82895\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=82895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=82895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=82895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}