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What happened to all of the doom and gloom economic threads?

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RightField said:
Did Reagan villify business, add excessive regulationsm, throw a $787B payoff to his political supporters to the detriment of the economy and foist an expensive new entitlement on the country when the economy was struggling?
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Not many posts are this stupid. Even on Lit.
 
mercury14 said:
Not many posts are this stupid. Even on Lit.
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Trying to deflect again?

Obama's ruined the economy and no matter how many times you try to deflect, whine or blame someone else, it will stick to him (and his horrid policies).
 
RightField said:
Trying to deflect again?

Obama's ruined the economy and no matter how many times you try to deflect, whine or blame someone else, it will stick to him (and his horrid policies).
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the Merc is like the obama, in that its the other person's fault and spin baby spin
 
RightField said:
Trying to deflect again?

Obama's ruined the economy and no matter how many times you try to deflect, whine or blame someone else, it will stick to him (and his horrid policies).
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No deflection. I'm just pointing our your brain-dead moronish-ness that dismisses the stimulus as a crony payoff.
 
mercury14 said:
No deflection. I'm just pointing our your brain-dead moronish-ness that dismisses the stimulus as a crony payoff.
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Isn't the latest Obamaism that the bad economy is due to the earthquake in Japan? That there is one of them sophisticated analysis eh?
 
RightField said:
Isn't the latest Obamaism that the bad economy is due to the earthquake in Japan? That there is one of them sophisticated analysis eh?
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No, Wall Street analysts say the quake was a major factor. How come you're attacking Wall Street's own analysis of the quake?

In reality all Obama did was acknowledge the private sector's own assessment that the Japanese quake was a significant factor in hampering the recovery. But you lie and spin at every turn so here you are lying and spinning, portraying this as some kind of cop out.

I advise you to lie less.
 
mercury14 said:
No, Wall Street analysts say the quake was a major factor. How come you're attacking Wall Street's own analysis of the quake?

In reality all Obama did was acknowledge the private sector's own assessment that the Japanese quake was a significant factor in hampering the recovery. But you lie and spin at every turn so here you are lying and spinning, portraying this as some kind of cop out.

I advise you to lie less.
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I advise you to stop posting, MORON.
 
mercury14 said:
No, Wall Street analysts say the quake was a major factor. How come you're attacking Wall Street's own analysis of the quake?

In reality all Obama did was acknowledge the private sector's own assessment that the Japanese quake was a significant factor in hampering the recovery. But you lie and spin at every turn so here you are lying and spinning, portraying this as some kind of cop out.

I advise you to lie less.
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Albert Pujols is having an bad season, is that another reason why the unemployment rate is staying above 9%?
 
mercury14 said:
Rightfield has no link. He got caught in a lie again, intentionally misquoting Obama to make it sound like he was saying something he wasn't.
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White House bluster hides truth
Updated: August 31, 2011 11:07AM
Steve Huntley
Chicago Sun-Times

That’s a mighty wind blowing from the east. No, I’m not talking about Hurricane Irene. It’s the blustery gusts stirred up long before Irene by the constant whining from the Obama White House: Everything but the administration’s own policies are responsible for the faltering economy.

Irene is only the latest of the “head winds” White House officials blame for feeble economic growth and persistent high unemployment. There was the earthquake/tsunami in Japan, the fiscal crisis in Greece, the civil war in Libya on top of Arab Spring uprisings in other Arab countries and, of course, Republicans refusing to go along with President Barack Obama’s spending binge, er, “investments.” One adviser even found head winds from the East Coast earthquake, though its most notable damage appeared to be cracks in the foundation of the Washington Monument.

No doubt these events did create drag for the economy. But Democrats never cut that kind of slack for President George W. Bush. They constantly talk about him inheriting a surplus from the Clinton years but ignore that he also inherited a deteriorating economy that produced a recession in March of 2001 just weeks after he was sworn in.

Liberals ignore the economic devastation of the Sept. 11, 2001, terror attacks in New York and Washington. Air traffic was grounded for days, commerce came practically to a halt. But none of that was allowed to intrude into the left’s narrative of Bush squandering the surplus.

Hurricane Katrina was a convenient cudgel to pound Bush over the failure of government to respond effectively to the disaster, though it was the Democratic-run governments of New Orleans and Louisiana, the first responders, that were the most guilty. Here again the Democratic narrative leaves out the economic consequences of Katrina.

The point is that any president has to deal with “head winds” to the economy from unexpected and uncontrollable events domestic and foreign. What’s remarkable about this presidency is the never-ending whining about them.

This finger-pointing is just passing the buck to avoid responsibility for policies that have failed to revive the economy and, worse, served to prolong the economic suffering.

There’s the nearly trillion-dollar stimulus that failed its goal of keeping unemployment from breaching 8 percent. ObamaCare and the new financial regulatory law have bureaucrats working overtime writing new regulations. That’s frozen investment by businesses large and small worried about the yet-to-be-determined costs of the new rules.

Obama and his advisers never flinch from anti-business rhetoric, further undermining investment. They rail about millionaires and billionaires but their tax proposals would hit small businesses earning far less than a million dollars.

Democrats sneer at the Texas job growth story by pointing out that a significant part of it is based in the oil and gas industry, revealing left-wing job-killing hostility to developing traditional energy resources. A study by the business analysis firm IHS Global Insight asserts increased offshore energy production could produce nearly 230,000 jobs, add $44 billion to the economy and provide nearly $12 billion in tax and royalty revenues to state and federal governments.

But documents released by Sen. David Vitter (R-La.) show that the administration’s campaign against deepwater drilling in the Gulf of Mexico caused 10 oil rigs to leave for better opportunities in waters off Egypt, Congo and other places — including Brazil where, ironically, Obama has promoted the ocean exploration he frustrates at home.

Meanwhile the administration pursues alternative energy jobs, though the New York Times reported this month that “federal and state efforts to stimulate creation of green jobs have largely failed.”

All the finger pointing, whining and passing the buck can’t hide the failure of Obamanomics.
 
RightField said:
Wait, wait, I know, the unemployment rate is remaining high because there was deep snow in Virginia last winter!
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No, no, no! You didn't get the latest Meme Memo®!

Obama's mystical Muslim Socialist Nazi powers caused Hurricane Irene to swoop in and temporarily create a surge in bottled water and other disaster survival home/food goods!
 
I like to Cut and Paste and find articles that are meaningful and help people make up their minds. I can find another dozen if you want.

Obama Administration Defends Record on Jobs, Economy
By Napp Nazworth | Christian Post Reporter | Aug 21, 2011

President Obama has been criticized recently for waiting to put forth a plan on job creation and economic growth until September, after he returns from a vacation in Martha's Vineyard.

With people suffering from the high rate of unemployment in the country, “if you have a jobs plan, put it out,” former Representative Harold Ford, Jr. (D-Tenn.) said on NBC's “Meet the Press.”

When asked why Obama has not already put forth a plan for job creation, Obama Campaign Adviser Robert Gibbs said on “Meet the Press” that the president has put forth plans, but because of the Tea Party, he cannot pass them.

“The president has outlined ideas every day he has been in the White House,” Gibbs said. “The question is, is there going to be a partner that can work with the president on those ideas, and the question the Republican party is going to have to ask themselves, quite simply, is, are they willing to set aside some party allegiance, are they willing to tell the Tea Party, that they're going to do what is best for the country, and not just what is necessarily what is best for their political party.”

Gibbs was then shown a clip from a February 1, 2009 interview on NBC, shortly after Obama became president, in which Obama said, “one nice thing about the situation I find myself in is that I will be held accountable … if I don't have this done in three years, then there's gonna be a one-term proposition.”

When asked if the president should be held to one term, Gibbs suggested that he should not because the current poor state of the economy is really the fault of Congress for not enacting the president's agenda.

“The question is whether or not we can take the ideas the president has, or anybody else has, and get them enacted by Congress. The president can't do all of this alone,” Gibbs said.

“Now wait a minute, Robert,” “Meet the Press” host Savannah Guthrie interrupted, “in the first part of his term he had huge majorities in the Senate, the House and the presidency.”

Gibbs then defended the first part of Obama's term and said the current economic woes have to do with the tsunami in Japan and Europe's economic problems, echoing a speech Obama gave earlier this week in which he blamed the current state of the economy on “a string of bad luck.”

“Right, and what happened in the first year of the presidency, Savannah?” Gibbs asked. “We went from negative nine percent economic growth and in the last quarter of 2009 we had a positive 4 percent economic growth. ... We continue to have a challenging economy. We had an earthquake in Japan that continues to mess up the supply chain. We've seen Europe face a severe debt crisis.”

David Axelrod, a senior strategist for the Obama reelection campaign, echoed the same themes in an interview on CNN's “State of the Union.”

“We've taken some big hits in the last six months that nobody could have anticipated – the Arab Spring and its impact on oil prices, the Japanese earthquake, and the problems that Europe is experiencing now, have all impacted on our economy,” Axelrod said.

Conservative commentator George Will, on the other hand, criticized President Obama on ABC's “This Week” for not taking some responsibility for the current economy. “The president said it's the Arab Spring, it's the Japanese tsunami, it's oil prices, it's ATMs, and airport kiosks that have taken jobs. Nothing is his responsibility and that does not sound presidential,” Will argued.

Axelrod also appeared on “This Week” where host Jake Tapper asked if the Obama administration’s criticism of Republicans went too far. “Isn't the president implying that people who don't support his plans are less than patriotic?” Tapper asked.

Axelrod did not deny the accusation, but argued that it is the fault of Tea Party Republicans for not going along with the president’s plans, because those plans have “in the past garnered bipartisan support.”

“When people are willing to walk the country to the brink of default, when people, instead of saying, 'where there's a will there's a way' are saying 'it's my way or the highway,' you have to assume that politics is at play,” Axelrod said.

Axelrod and Gibbs did not specify the plan that Obama would lay out in September, but some of the ideas that Obama has already spoken about, and Axelrod and Gibbs brought up on Sunday include: extending the payroll tax cut, reforming the patent system, establishing an infrastructure bank, and implementing trade deals with other nations.

Republican presidential candidates Rick Santorum and Jon Huntsman also appeared on Sunday talk shows and discussed what they would do to help the economy if they were president.

Former Pennsylvania Senator Rick Santorum, appearing on Fox News Sunday, said he would repeal Obamacare, reduce the corporate tax rate to zero for all domestic manufacturers, and increase domestic energy production.

Former Utah Governor Jon Huntsman, appearing on ABC's “This Week,” said he would “create a competitive tax code,” reduce government regulation, and move toward energy independence. We must “wean ourselves away from this heroin like addiction to imported oil,” Huntsman said.
 
So Rightfield has no quote showing Obama saying the economy is bad because of the quake?


Fucking shocking, he lied again. Amazing.
 
Mort is a democrat.

Zuckerman: Obama Displays 'Absence of Leadership' on Economy
Thursday, 25 Aug 2011 04:10 PM

By Henry J. Reske

More ways to share... Mixx Stumbled LinkedIn Vine Buzzflash Reddit Delicious Newstrust Technocrati Share: More . . . A A | Email Us | Print | Forward Article President Barack Obama’s performance on the economy suggests an “absence of leadership” and reveals a president unable to grasp the state of the economy, U.S. News & World Report Chairman Mortimer Zuckerman writes in a Wall Street Journal Op-Ed.

On Aug. 8, when Wall Street was in the middle of a now-common roller-coaster ride, Obama took to the stage to promote America’s sound economy, Zuckerman noted. The result was another 300-point drop.

“Mr. Obama seems unable to get a firm grip on the toughest issue facing his presidency and the country — the economy. He now asserts he is going to ‘pivot’ to jobs. Now we pivot to jobs? When there are already 25 million Americans who are either unemployed or cannot find full-time work? Does this president not appreciate what is going on? Fewer Americans are working full-time today than when Mr. Obama took office. We have lost over 900,000 full-time jobs in the last four months alone, and long-term unemployment is at a post-World War II high.”

Zuckerman writes that, at the same time the public’s faith in the president’s ability to deal with the economy has plummeted, business leaders are “pleading for some kind of adult supervision to build a national platform for sustained growth that includes a long-term fiscal plan that addresses our ballooning debt.

“They are desperate for strong leadership and feel that all we are getting out of Washington is a lot of noise as Democrats and Republicans blame one another.”

However, Zuckerman argues that, because the president “represents all of America and all Americans, the buck stops with him rather than with the Congress.”

Zuckerman criticizes Obama’s performance during the debt-ceiling negotiations, writing that the only clear position he took was that new taxes on the wealthy were needed and he “didn't even hold to that.”

“He made the politically tested and calculated statement that if you raise taxes on billionaires and millionaires you could solve the problem. This is not so. Even for those who support higher taxes on the wealthy, as I do, we must remember that we have an income tax system in which fully half the ‘taxpayers’ pay no tax at all, and in which the variety of loopholes cries out for a real reform of the tax code.”

Zuckerman wrote that many supporters have abandoned the president as he blames others, “be it in the opposition in Congress or the Japanese tsunami or in the failure of his audience to fully understand the wisdom and benefits of his proposals.”

At the same time, Obama seems focused on his re-election campaign when he should be spending “most of his time on the nitty-gritty of the job instead of on fund raisers, bus tours and visits to diners, which essentially are in service of his political interests.”

“Clearly the president will have to raise his game to win a second term, especially if the Republicans find a real candidate,” Zuckerman concluded. “Will voters be willing to give him another four years? Like many Americans who supported him, I long for a triple-A president to run a triple-A country.”
 
Obama: I reversed recession until 'bad luck' hit
by Byron York Chief Political Correspondent
Washington Examiner
August 15, 2011

President Barack Obama speaks during a town hall meeting, Monday, Aug. 15, 2011, at the Seed Savers Exchange in Decorah, Iowa, during his three-day economic bus tour. (AP Photo/Carolyn Kaster)

At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program "reversed the recession" until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in exchange for an increase in the national debt limit, resulting in a deal Obama called a "debacle."

"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we've had a run of bad luck." Obama listed three events overseas -- the Arab Spring uprisings, the tsunami in Japan, and the European debt crises -- which set the economy back.

"All those things have been headwinds for our economy," Obama said. "Now, those are things that we can't completely control. The question is, how do we manage these challenging times and do the right things when it comes to those things that we can control?"

"The problem," Obama continued, "is that we've got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."

Except for its updated details, much of the president's speech resembled the stump speeches he gave when campaigning for Democrats before the 2010 midterm elections. But the White House claims this trip is non-political, part of the president's officials duties to discuss economic issues with the public. For the three-day tour through Minnesota, Iowa, and Missouri, the Secret Service has rolled out two new buses, costing more than $1 million apiece, to take the president and his aides around the countryside.
 
Obama's Speech on his cornfield tour last month:

"We had reversed the recession, avoided a depression, gotten the economy moving again," Obama told a crowd in Decorah, Iowa. "But over the last six months we’ve had a run of bad luck." Obama listed three events overseas — the Arab Spring uprisings, the tsunami in Japan, and the European debt crises — which set the economy back.

"All those things have been headwinds for our economy," Obama said. "Now, those are things that we can’t completely control. The question is, how do we manage these challenging times and do the right things when it comes to those things that we can control?"

"The problem," Obama continued, "is that we’ve got the kind of partisan brinksmanship that is willing to put party ahead of country, that is more interested in seeing their political opponents lose than seeing the country win. Nowhere was that more evident than in this recent debt ceiling debacle."
 
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