This morning, President Obama’s top economics advisor Lawrence Summers delivered a talk at the Brookings Institution during which he fell to one knee and burst out singing, “The sun’ll come up tomorrow; bet your bottom dollar that tomorrow there’ll be sun.” OK. I made up that one-knee and singing part. However, according to the New York Times, he said he sees, “early signs that the economic crisis was beginning to ease (but) emphasized that the crisis would not end anytime soon.”
“Our problems were not made in a day or a month or a year, and they will not be solved quickly…But there is one enduring lesson of the history of financial crises: they all end.”
Depression-era satirical ditty:
“Prosperity is Just Around the Corner.”
So the White House has come a long way since February 9 when the President said the U.S. economy risked sinking into a “negative spiral” and that “We are going through the worst economic crisis since the Great Depression” and used Japan’s “lost decade” as a comparison for what could happen if Congress didn’t pass his stimulus bill.
Now that the stimulus plan has not only been signed into law, but has it’s own website and logo, we should be seeing prosperity just around the corner, but as Carson Robinson sang in 1932, “Which corner?”