Thursday, July 01, 2010

It's Recovery Summer

Apparently this was planned before the results came in.

President Obama is opening an economic front against Republicans -- calling objections to his fiscal policies "just politics" and saying the economy "is headed in the right direction."

"They figure if they just keep saying no to everything and nothing gets done, they'll get more votes in November," Obama said of the opposition. "It's no wonder folks are so cynical about politics."

The president's remarks, at a town hall in Wisconsin, included a ratcheting up of pointed political rhetoric ahead of the midterm elections.

But his economic message, which includes a critique of tax breaks and lax oversight of Wall Street and the oil industry, is a fraught one.

Consumer confidence is down, unemployment has failed to show significant improvement, and home sales are lagging.

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