The Dow is up another 240 points, gaining 9.5 percent over the last three days, but the president doesn’t want you getting too excited about it — or too distraught when things inevitably swing the other way.

With economists and even fellow Democrats panning some of the administration’s ideas, the White House is on the defensive, despite a rare spate of upbeat economic news.

AP via Google:

“A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh, we’re down on the dumps,” Obama said. “And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment.”

“I don’t think things are ever as good as they say, or ever as bad as they say,” Obama added. “Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They’re not as bad as we think they are now.”

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#barack obama#democrats#dow jones#economy#politics#stock#timothy geithner#wall street