Obama: Irresponsibility Caused Recession

MSNBC: Obama’s message was enveloped in contradictory signals about economic health but buttressed by Federal Reserve Chairman Ben Bernanke’s suggestion that the recession may at last be bottoming out.



It was hard to tell from the economic indicators released by the government Tuesday; retail sales fell unexpectedly in March, decreasing by 1.1 percent. At the same time, wholesale prices dropped sharply as the cost of gasoline and other energy plummeted, fresh evidence that inflation appears to pose little threat to the economy.