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Obama's honeymoon is over - now it's his recession

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Old 07-01-2009, 10:04 AM
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Obama's honeymoon is over - now it's his recession

Obama's honeymoon is officially over:

Quote:
Now it's President Obama's recession and job losses are worry No. 1
June 30

Top of the News: If he ever really had one, President Obama's honeymoon officially ended with today's consumer confidence report.

The Conference Board said its index of consumer confidence for June dropped to 49.3, from a revised 54.8 in May. This is a yardstick that, among other things, gives retailers a sense of whether business will rebound or not. In good times, the index is in the 80s. Today's decline was unexpected.

The big worry among consumers is continued job losses. The Labor Department reported today that joblessness rose in metro areas again. In Seattle-Tacoma-Bellevue, the May rate was 8.8 percent, a year-over-year increase of 4.3 percentage points. Portland posted an 11.6 percent unemployment rate. In Spartanburg, S.C., it's 12.3 percent; Rocky Mount, N.C., 14.2 percent; Muskegon, Mich., 15.8 percent; El Centro, Calif., nearly 27 percent.

Fairly or not, it is now Mr. Obama's recession, and jobs are the top concern.

www.seatttletimes.nwsource.com
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Last edited by ScreamingEagle; 07-01-2009 at 10:07 AM.
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Old 07-01-2009, 10:35 AM
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Quote: Originally Posted by ScreamingEagle View Post
Obama's honeymoon is officially over:

Quote:
Now it's President Obama's recession and job losses are worry No. 1
June 30

Top of the News: If he ever really had one, President Obama's honeymoon officially ended with today's consumer confidence report.

The Conference Board said its index of consumer confidence for June dropped to 49.3, from a revised 54.8 in May. This is a yardstick that, among other things, gives retailers a sense of whether business will rebound or not. In good times, the index is in the 80s. Today's decline was unexpected.

The big worry among consumers is continued job losses. The Labor Department reported today that joblessness rose in metro areas again. In Seattle-Tacoma-Bellevue, the May rate was 8.8 percent, a year-over-year increase of 4.3 percentage points. Portland posted an 11.6 percent unemployment rate. In Spartanburg, S.C., it's 12.3 percent; Rocky Mount, N.C., 14.2 percent; Muskegon, Mich., 15.8 percent; El Centro, Calif., nearly 27 percent.

Fairly or not, it is now Mr. Obama's recession, and jobs are the top concern.

www.seatttletimes.nwsource.com
Of course it's HIS recession. It's a no-brainer. But that's not to say HE CAUSED IT. Also a no-brainer.

It's official: U.S. in a recession since December 2007 - Dec. 1, 2008

The current recession is one of the longest downturns since the Great Depression of the 1930's.

The last two recessions (1990-1991 and 2001) lasted eight months each, and only two of the 10 previous post-Depression downturns lasted as long as a full year,
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Old 07-01-2009, 10:42 AM
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Let's all hold hands and blame it on Bush... Truly you don't think any of this could possibly be Obama's fault! I'm shocked. He's going to spend us back into prosperity. The large number of unemployed people can be supported by Obama's give away programs. No need for worry. The government is going to take care of you from craddle to grave. When you die you will be just like you were when you were born, i.e., naked and broke!

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Old 07-01-2009, 10:46 AM
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Quote: Originally Posted by Big Black Dog View Post
Let's all hold hands and blame it on Bush... Truly you don't think any of this could possibly be Obama's fault! I'm shocked. He's going to spend us back into prosperity. The large number of unemployed people can be supported by Obama's give away programs. No need for worry. The government is going to take care of you from craddle to grave.
What Obama WILL do, and what Bush DID do are two issues. The thread's title is that Obama "owns" the recession. The hell he does...

No matter how hard you people try to pretend that George W. Bush's own policies did not have a dramatic effect on today's economic situation, it just won't fly. You can't possibly be that stupid.
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Old 07-01-2009, 10:50 AM
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Obama said he wanted to get away from the failed policies of the past. He didn't do that, instead he embraced FDR's failed policies from the past that extended the Great Depression for ten years, and looky here -- these same failed policies of the past are extending THIS economic downturn!

And if he gets his way with Cap and Tax, he'll successfully turn this recession into a depression. Today's jobless numbers are quite alarming, and it's only going to get worse.

Where's all the "shovel-ready" jobs we were promised? You know, the ones we needed right away, hence the need to pass the scamwow stimulus bill so fast no one had time to actually read it?
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Old 07-01-2009, 10:53 AM
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BO did not cause it, Bush did.

BO prolonged it and made it worse.

What a great POTUS he is not.
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Old 07-01-2009, 10:57 AM
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[QUOTE][Quote: Originally Posted by Big Black Dog
Let's all hold hands and blame it on Bush... Truly you don't think any of this could possibly be Obama's fault! I'm shocked. He's going to spend us back into prosperity. The large number of unemployed people can be supported by Obama's give away programs. No need for worry. The government is going to take care of you from craddle to grave.
What Obama WILL do, and what Bush DID do are two issues. The thread's title is that Obama "owns" the recession. The hell he does...

No matter how hard you people try to pretend that George W. Bush's own policies did not have a dramatic effect on today's economic situation, it just won't fly. You can't possibly be that /QUOTE]

Tell me again how all the money Obama has spent, and has plans to spend, has been good for the economy. I don't seem to be able to get a grip on that. Obama has spent more money since he's been in office than all of the other President's in American history combined has spent. Is this something you want to blame on Bush too? I think you're out of your mind if you can't see how Obama is running this country into the ground and turning it into a socialist nation. The value of the dollar is going to collapse if he keeps spending like he's doing and it will take a wheelbarrow full of it to buy a loaf of bread. You people that keep blindly following Obama like the rats followed the Pied Piper need to wake up and smell the coffee. Obama is very bad news...
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Old 07-01-2009, 10:58 AM
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Old 07-01-2009, 11:02 AM
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Quote: Originally Posted by Xenophon View Post
BO did not cause it, Bush did.
It's not debatable that Obama caused this recession. No one's making that argument. He didn't.

It IS debatable whether it can be attributed to Booooosh however. Like the Titanic sinking, many variables had to come into play to get what we got. Including, just like the Titanic, the Captain's mistakes, actions or inactions... The lookouts, didn't get their assigned field glasses... The first officer's mistaken maneuvering of the ship due to lack of knowledge of how to properly turn it..... The design flaws, the poor-grade, brittle steel and the defective rivets, hell even the weather and sea conditions that night contributed. You can't rationally blame them all on the Captain. Just like you cannot pretend to be rational and blame the recession entirely on Booooosh.
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Old 07-01-2009, 11:20 AM
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Quote: Originally Posted by Midnight Marauder View Post
Obama said he wanted to get away from the failed policies of the past. He didn't do that, instead he embraced FDR's failed policies from the past that extended the Great Depression for ten years, and looky here -- these same failed policies of the past are extending THIS economic downturn!

And if he gets his way with Cap and Tax, he'll successfully turn this recession into a depression. Today's jobless numbers are quite alarming, and it's only going to get worse.

Where's all the "shovel-ready" jobs we were promised? You know, the ones we needed right away, hence the need to pass the scamwow stimulus bill so fast no one had time to actually read it?
First of all, there is no consensus that FDR's policies were a "failure." Quite the opposite. Second, the Stimulus Bill was indeed R.E.A.D. Otherwise, how did the cons know which parts they didn't like (or invented, like the San Francisco "mouse" that involved protection of wetlands, not mice)? Third, the shovel-ready projects ARE getting done, just obviously not as miraculously with the speed of light as you people would like. You can go to any number of websites that I've posted ad nauseam (and none of you bother to look at) and follow the progress, PER PROJECT, PER STATE.
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Old 07-01-2009, 11:22 AM
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Quote: Originally Posted by Xenophon View Post
BO did not cause it, Bush did.

BO prolonged it and made it worse.

What a great POTUS he is not.
Prolonged it how? Is he personally responsible for businesses unable to keep going due to the financial crunch and so they need to lay people off? Do tell me how Obama is responsible, personally. Have your taxes gone up yet?
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Old 07-01-2009, 11:25 AM
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Quote: Originally Posted by MaggieMae View Post
Quote: Originally Posted by Midnight Marauder View Post
Obama said he wanted to get away from the failed policies of the past. He didn't do that, instead he embraced FDR's failed policies from the past that extended the Great Depression for ten years, and looky here -- these same failed policies of the past are extending THIS economic downturn!

And if he gets his way with Cap and Tax, he'll successfully turn this recession into a depression. Today's jobless numbers are quite alarming, and it's only going to get worse.

Where's all the "shovel-ready" jobs we were promised? You know, the ones we needed right away, hence the need to pass the scamwow stimulus bill so fast no one had time to actually read it?
First of all, there is no consensus that FDR's policies were a "failure." Quite the opposite. Second, the Stimulus Bill was indeed R.E.A.D. Otherwise, how did the cons know which parts they didn't like (or invented, like the San Francisco "mouse" that involved protection of wetlands, not mice)? Third, the shovel-ready projects ARE getting done, just obviously not as miraculously with the speed of light as you people would like. You can go to any number of websites that I've posted ad nauseam (and none of you bother to look at) and follow the progress, PER PROJECT, PER STATE.
Most economists agree FDR's policies extended the depression about ten years.

And hold on there.... You're painting with a pretty broad brush with the "you people" stuff. The SPEED of the jobs arriving was promised, not arbitrarily expected out of the blue. They were one of the selling points for the rush to get this bill passed no one read.

And we see that 10% unemployment rate about to hit, with no end in sight. Inflation will be right around the corner, then a full-blown depression.

Obama's made a mountain out of a molehill, just like his idol FDR did.
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Old 07-01-2009, 11:29 AM
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[quote=Big Black Dog;1310241]
Quote:
[Quote: Originally Posted by Big Black Dog
Let's all hold hands and blame it on Bush... Truly you don't think any of this could possibly be Obama's fault! I'm shocked. He's going to spend us back into prosperity. The large number of unemployed people can be supported by Obama's give away programs. No need for worry. The government is going to take care of you from craddle to grave.
What Obama WILL do, and what Bush DID do are two issues. The thread's title is that Obama "owns" the recession. The hell he does...

No matter how hard you people try to pretend that George W. Bush's own policies did not have a dramatic effect on today's economic situation, it just won't fly. You can't possibly be that /QUOTE]

Tell me again how all the money Obama has spent, and has plans to spend, has been good for the economy. I don't seem to be able to get a grip on that. Obama has spent more money since he's been in office than all of the other President's in American history combined has spent. Is this something you want to blame on Bush too? I think you're out of your mind if you can't see how Obama is running this country into the ground and turning it into a socialist nation. The value of the dollar is going to collapse if he keeps spending like he's doing and it will take a wheelbarrow full of it to buy a loaf of bread. You people that keep blindly following Obama like the rats followed the Pied Piper need to wake up and smell the coffee. Obama is very bad news...
The reality is that NOTHING HAS BEEN SPENT, YET!!!! Health care, energy are all in the process of being debated and no one knows how they will turn out. The Stimulus Package was NECESSARY, as every economist on the fucking globe agreed with, in order to jump start the economy. Sure there are parts that can be considered "pork," but overall, the states are spending that money wisely in order to keep from going bankrupt. Again, we will not know precisely how the stimulus worked for several months.

You don't KNOW how this is all going to turn out, so stop trying to be such experts at predicting how it will. You're not, and neither am I. But you people continue on and on and on and on and on with your negative THE SKY IS FALLING bullshit, when there isn't even a crack in the clouds yet.
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Old 07-01-2009, 11:30 AM
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Quote: Originally Posted by Midnight Marauder View Post
Quote: Originally Posted by Xenophon View Post
BO did not cause it, Bush did.
It's not debatable that Obama caused this recession. No one's making that argument. He didn't.

It IS debatable whether it can be attributed to Booooosh however. Like the Titanic sinking, many variables had to come into play to get what we got. Including, just like the Titanic, the Captain's mistakes, actions or inactions... The lookouts, didn't get their assigned field glasses... The first officer's mistaken maneuvering of the ship due to lack of knowledge of how to properly turn it..... The design flaws, the poor-grade, brittle steel and the defective rivets, hell even the weather and sea conditions that night contributed. You can't rationally blame them all on the Captain. Just like you cannot pretend to be rational and blame the recession entirely on Booooosh.
Not Booooosh, personally, his administration. Better? Would you blame Clinton? The 90's were the most prosperous in history.
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Old 07-01-2009, 11:37 AM
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Quote: Originally Posted by Midnight Marauder View Post
Quote: Originally Posted by Xenophon View Post
BO did not cause it, Bush did.
It's not debatable that Obama caused this recession. No one's making that argument. He didn't.

It IS debatable whether it can be attributed to Booooosh however. Like the Titanic sinking, many variables had to come into play to get what we got. Including, just like the Titanic, the Captain's mistakes, actions or inactions... The lookouts, didn't get their assigned field glasses... The first officer's mistaken maneuvering of the ship due to lack of knowledge of how to properly turn it..... The design flaws, the poor-grade, brittle steel and the defective rivets, hell even the weather and sea conditions that night contributed. You can't rationally blame them all on the Captain. Just like you cannot pretend to be rational and blame the recession entirely on Booooosh.
But CON$ pretend to be rational blaming the 1982 Reagan Recession, the worst recession since the Great Depression, on Carter two full years into Reagan's first term.

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Don't doubt me. I say it, you believe it. That's the rule here. Rush Limbaugh
The power of accurate observation is commonly called Cynicism
by those who have not got it. George Bernard Shaw

Cynics regarded everybody as equally corrupt...
Idealists regarded everybody as equally corrupt, except themselves.
Robert Anton Wilson

Idealism is what precedes experience; cynicism is what follows. David T. Wolf
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