POLITICS

Obama: The American economy is ‘poised to take off’

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Politics,Beltway Confidential,Charlie Spiering

During a Bloomberg News interview this afternoon, President Obama signaled that the American economy was ready to “take off” provided Congress didn’t lead the nation into another fight about the nation’s debt limit.

Obama insisted that his plan to rebuild roads and bridges, combined with the strengthening housing movement, and improving consumer confidence were signs that the economy was about to improve in spite of economic “weaknesses” in Europe and Asia.

“I think that businesses are going to be ready to hire, we’re seeing pretty strong consumer confidence despite weaknesses in Europe and even in Asia,” Obama stated. “I think America is poised to take off.”

 

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