Day After Dow Plunges Over 600 Points, White House Seeks To Calm Nerves By Canceling Obama Speech, Scrapping Carney’s Daily Press Briefing…

Weasel Zippers

Head, meet sand.

(WaTi) — One day after the stock market took its biggest plunge since the 2008 financial crisis, President Obama on Tuesday canceled a previously scheduled speech at a local moving company, and the White House also pulled the plug on the daily press briefing.

Instead of traveling to Springfield, Va.-based Interstate Moving Services and making public remarks on fuel efficiency standards for work trucks, Mr. Obama will meet privately with industry officials at the White House this morning — and that meeting will be closed to the press, the White House announced in a scheduling update Tuesday morning.

In addition, a 12:30 briefing with press secretary Jay Carney has been canceled, the update said.

On Monday, the stock market suffered its worst blow since before the president took office, with the Dow Jones Industrial Average plummeting more than 630 points — losing more than 5 percent of its value and plunging below the 11,000 line. The turmoil came after ratings agency Standard & Poor’s late on Friday cut the country’s credit rating from AAA to AA-plus for the first time in U.S. history.


Carney: “The White House Doesn’t Create Jobs”…

Weasel Zippers

Note to the GOP, this is your money shot ad in 2012.

(Business Insider) — As President Barack Obama once again pivots to focus on economic growth, Press Secretary Jay Carney declared Thursday that “the White House doesn’t create jobs.”

While undoubtedly true, it was certainly not a sentiment Obama wants to project as Republicans ratchet up criticism of his leadership on economic issues, and his presidential campaign kicks into high gear.

After a month devoted to raising the debt limit, on Tuesday Obama announced a new focus on boosting employment — at least his seventh such announcement in his presidency.

Facing tough questions from reporters on what Obama is doing to create jobs today, Carney responded that Obama was meeting with senior advisors to plot a way forward on the issue.