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

[Beco]

No wonder the diamond store was closed.

Oh, I didnt think Jews closed their stores, ever! I know my father didnt.

 

[Beco]

Got a viable alternative to offer?

I may vote for that other black guy, Republican side....

 

[mercury14]

Well, you've also gone on record as saying Barack Obama will never be nominated by the Democrats in 2008....

*cough*

 

[richard_daily]

Of course, the nearest dog catcher.

Is that some sort of glory hole term that I'm unfamiliar with?

 

[unregistered]

 

[RobDownSouth]

I may vote for that other black guy, Republican side....

You'd vote for Herman Cain? Seriously?

 

[Sean Renaud]

You'd vote for Herman Cain? Seriously?

He'd vote for the other Hussien if it meant getting rid of Obama. Once you realize that they really do mean ANYBODY but Obama you can stop asking these questions.

 

[richard_daily]

cock.butt.cock.butt.

We get it, you like cocks and butts.

 

[NeverEndingMe]

He'd vote for the other Hussien if it meant getting rid of Obama. Once you realize that they really do mean ANYBODY but Obama you can stop asking these questions.

and as that obama's ship sinks, will you jump out or redefine what it means for a boat to "float" in water

 

[busybody..]

The Obama Depression: More than a Million New Food Stamp Users in One Month


President Obama is fundraising and has no comment on this report

 

[koalabear]

The Obama Depression: More than a Million New Food Stamp Users in One Month


President Obama is fundraising and has no comment on this report

Foods stamps count as jobs, keep up.

 

[RightField]

This story nicely summarizes the democrats approach to the economy. Is it a surprise to anyone that it's just another in a long line of failures?

Obama's Bad Bet on Green Energy
By Rich Lowry
September 2, 2011

We have seen the future, and it went bankrupt.

If the praises of high-ranking Obama-administration officials were a viable business plan, the solar-panel maker Solyndra would be an industrial juggernaut. Vice President Biden insisted that the jobs created by the California-based firm would “allow America to compete and to lead like we did in the 20th century.”

In a visit to Solyndra in May 2010, President Obama called it “a testament to American ingenuity and dynamism.” He all but redefined the traditional statement of Americanness to encompass motherhood, apple pie, and the conversion of sunlight into electricity through cylindrical thin-film solar cells, the specialty of Solyndra.

Obama and Biden were literally invested in Solyndra’s success. The company got a half-billion-dollar federal loan guarantee, the first in a highly vaunted Department of Energy green-jobs program, as part of the stimulus. This was supposed to be the new economic model: government and its favored industries cooperating to lead the country into a green, politically approved recovery. The showcase firm is now filing for Chapter 11 in an embarrassing blow to the premises of Obamanomics. At least the Obama administration can’t be accused of practicing industrial policy the old-fashioned way and picking winners. It is evidently quite ready to pick losers, too.

A Department of Energy spokesman explained wanly, “The company was considered extraordinarily innovative as recently as 2010.” Innovative, maybe; profitable, no. It had never turned a profit since its founding in 2005. In the still “extraordinarily innovative” year of 2010, it canceled an attempted IPO and axed its CEO.

Plenty of venture capitalists made foolish bets on Solyndra, but the federal government was the most reckless. The Obama administration wanted to throw money at the likes of Solyndra without due diligence, or much diligence at all. In 2008, the Government Accountability Office warned that the Energy Department loan program — created in a 2005 energy bill — had inadequate safeguards.

Nonetheless, within 60 days of becoming energy secretary, Steven Chu put Uncle Sam on the hook for Solyndra. According to the Wall Street Journal, $527 million of the $535 million federal loan has been drawn down, with a bankruptcy court set to determine how much the feds will recover. Chu is fortunate that taxpayers can’t bring shareholder lawsuits against the federal government.

President Bush was flayed for the Enron bankruptcy, based on his tenuous ties to the firm. If the same media rules applied, Solyndra would be Obama’s Enron, given his active promotion of the company and his lavish funding of it. A prodigious Obama-Biden fundraiser is a major backer of the failed concern.

Solyndra’s crash comes during a wave of solar bankruptcies. The government’s enthusiasm for solar power far outstripped that of consumers. Spain provided something of a precursor. It massively subsidized a solar-power industry that collapsed when the government realized its generosity was unsustainable and cut back. One Spanish newspaper had a headline, “Spain admits that the green economy sold to Obama is a ruin.”

China is picking up the pieces. Not only does China coddle solar firms, it inherently is a lower-cost manufacturing environment. Its cheap, simple solar panels are more marketable than the more sophisticated version attempted by Solyndra. Our subsidies for the purchase of solar panels are often used to buy Chinese products. Inevitably, the U.S. solar industry will seek to score the trifecta of government support already achieved by the boondoggle fuel ethanol — subsidizing its production, mandating its use, and barring its foreign competitors.

The stakes in the battle to manufacture solar panels are exceedingly small. Solar power accounts for less than 1 percent of the electricity generated in the United States. The Obama administration’s fervency for it has more to do with the romance of its clean, postindustrial image than with economics. Obama said last year, “The true engine of economic growth will always be companies like Solyndra.” If that were so, it never would have needed half a billion of our dollars in the first place

 

[Frisco_Slug_Esq]

King Canute's Tides are failing to believe...

 

[NeverEndingMe]

The Dow went from 6900-ish to 12,500 under Obama. But somehow that's a bad thing with you.

and you realize that the obama stimulus was a union payoff? how many jobs were really created? not many. how many of those stimulus jobs are still around? less than zero

 

[Frisco_Slug_Esq]

ZERO JOBS added last month...

 

[Frisco_Slug_Esq]

I KNOW!!!




Let's have a great joint-Congressional speech! That'll create 2.767936735 million "SAVED" jobs!

Zandi can PROVE IT!!!

 

[busybody..]

ZERO JOBS added last month...

and the previous numbers revised DOWN, again

and the population increased

YET, THE UNEMPLOYMENT RATE DIDNT GO UP???????????

HMmmmmmmmmmmmmmm

 

[NeverEndingMe]

ZERO JOBS added last month...

i'm thinking, "its Bush's fault"

maybe the obama needs another vacation? life is hard being the obama

 

[Frisco_Slug_Esq]

and the previous numbers revised DOWN, again

and the population increased

YET, THE UNEMPLOYMENT RATE DIDNT GO UP???????????

HMmmmmmmmmmmmmmm

They's MAGIC books...



Million-man accounting. But the good news is, all the unemployment and food stamps are stimulating us and keeping us out of a deep dark depression (excessive misery) saving 34.7908575q1453e million jobs a month!

__________________
Paddy O’Bama Says: If it weren't for bad luck, I'd have no luck at all!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

 

[Frisco_Slug_Esq]

i'm thinking, "its Bush's fault"

maybe the obama needs another vacation? life is hard being the obama

Sideshow Barry Barker 2012 Says: "It's NOT the economy, Stupid!" It's the Birthers! The Tea Party! SARAH PALIN!
Bush!
BAD LUCK!!
RACISM!!!
ATMs, KIOSKs & CORPORATE JETS!!!
TSUNAMIS, TORNADOS, & the ARAB SPRING!!!
EARTHQUAKES & HURRICANES!!!!!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg
All I need is one great speech and this all goes away like a bad dream Toto!

 

[NeverEndingMe]

what excuse will the obama use to back track from "if the economy doesn't improve I'm a one term president"?

then again, obama isn't a real man so won't stand by his word

Sideshow Barry Barker 2012 Says: "It's NOT the economy, Stupid!" It's the Birthers! The Tea Party! SARAH PALIN!
Bush!
BAD LUCK!!
RACISM!!!
ATMs, KIOSKs & CORPORATE JETS!!!
TSUNAMIS, TORNADOS, & the ARAB SPRING!!!
EARTHQUAKES & HURRICANES!!!!!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg
All I need is one great speech and this all goes away like a bad dream Toto!

 

[busybody..]

There were ZERO jobs created in Aug

Cause all the execs were busy packing to

Meet

NIGGER and NIGGERETTE in MV

Cause if they dont meet em and bow

THEY WILL BE RAIDED!

 

[NeverEndingMe]

the obama demonized the teaparty and didn't the obama demonize CEO's?


what about small business, did the obama demonize them as well?

There were ZERO jobs created in Aug

Cause all the execs were busy packing to

Meet

NIGGER and NIGGERETTE in MV

Cause if they dont meet em and bow

THEY WILL BE RAIDED!

 

[busybody..]

Quick, call ZANDI

Top of the Ticket

Political commentary from Andrew Malcolm



Obama White House downgrades its own economic forecasts

September 2, 2011 | 6:06 am
8
Who knows why we should believe the Obama-Biden White House now? They've been so flat-out wrong about the improving economy almost every single one of the 955 days they've been in the White House.

But now they're saying the economic outlook is going to get worse. Apparently, that's still possible.

So, hmmm.

Is this some kind of "Princess Bride" trick to make us think that because we haven't believed them when they said things were improving, when they say things are worsening we won't believe them again?

And we'll fall into their Chicago trap of thinking the economy really is getting better and reelect the guy whose economic advisors can't run a taco stand, let alone anything more complex than a lecture hall?

Here's the latest from the president, who is "fully confident" of everything he says, even when it's proved wrong:

Early this year the White House said 3.1% looked like a good gross domestic product growth rate this year, jumping to 4% next year.

Now, they say maybe as little as 1.6% this year and somewhere between 3.2% and 2.9% next year.

You may remember that national unemployment rate that was going to stay under 8% if only we hurried and spent the $787 billion tossed onto the national debt pile?

Well, back seven months ago, the Obama crowd figured unemployment would average 9.3% this year and 8.6% in 2012.

Now, they think it'll average 8.8% to 9.1% this year and next year 8.3% to 9%.

Right now, among those bothering to continue looking for work, the rate is 9.1%. August's numbers are due out Friday.

Here's an intriguing little piece of history to put these percentages in perspective for Chicagoans: The last president to win reelection while unemployment was above 7.2% was 75 years ago, Franklin Roosevelt in 1936.

And, Mr. President, you're no Franklin Roosevelt.

 

[busybody..]

From YES WE CAN to, Ahem, Got a SNICKERS BAR?

When he ran for the presidency in 2008, Barack Obama sprinkled his campaign speeches with ambitious catchphrases such as “the fierce urgency of now” and “yes we can.”

Nowadays, as he gears up for his re-election campaign, prepares a much-anticipated address on the economy to Congress and confronts some of the worst polling numbers of his presidency, President Obama has been trotting out a stump speech with a far less lofty message for voters: You expected too much from me.

“When I ran in 2008, I think that a lot of folks believed we elect Obama and suddenly we’re going to fix politics in Washington,” the president told a group of wealthy donors Aug. 11 in New York City in one typical passage. “And then, after 2 years, it’s been tough and there have been setbacks. It turns out that there are a lot of bad habits that have been built up over time [in Washington], and we’re also a big, diverse country and not everybody agrees with me.”

Referring to deliriously happy supporters on election night 2008 in Chicago, the president told Democrats in Miami this summer, “I tried to warn people, I explained to them: This isn’t the end, this is just the beginning. We weren’t going to be able to do it in a day or a week or a year or maybe even not in one term.”

The president’s attempt to dampen expectations retroactively is calculated, given a national unemployment rate that remains above 9 percent after his $821 billion economic recovery program. But observers are struck by the oratorical downshift in the candidate who revved up so many audiences with powerful speeches three years ago.

President Obama greets Hector Sealey (center), safety director for Ft. Myer Construction Corporation, and AFL-CIO President Richard Trumka (right) after speaking at the White House on Aug. 31, 2011, to urge Congress to pass a federal highway bill. (Associated Press)
“It’s almost as if he’s moving in reverse,” said Stephen Hess, an analyst on the presidency at the Brookings Institution. “People usually get better at giving speeches, not worse.”

In 2008, Mr. Obama’s speeches “held tens of thousands spellbound,” Mr. Hess said. “But it’s very hard to find a very strong speech he’s given since he’s been in office.”