How much blame to you put on Obama for the weak economy?

[Billy000]

Keep in mind that I am specifically asking about Obama, so do not include Congress or any other government institution when determining your opinion.

 

[Steelplate]

I don't know....Some. I don't think anyone is without blame. I think the Cash for Clunkers was something of a mistake. It was a quick fix, where that money could have been used for something else that would have benefited long term... like increasing Student financial Aid, for example.

 

[Billy000]

Okay, who said "full blame".

Really?

 

[WillowTree]

Okay, who said "full blame".

Really?

That'll teach your stupid ass to make your polls public won't it.

 

[uscitizen]

Okay, who said "full blame".

Really?

Obviously someone who used to support Bachman?

 

[Billy000]

Okay, who said "full blame".

Really?

That'll teach your stupid ass to make your polls public won't it.

It doesn't make a piss difference to me. In fact, it teaches me how dumb members are on here. It must have been you.

 

[Lumpy 1]

I mostly blame the voters for the Obama/Democrats wreckage of the economy. The down slide started when the Democrats took over Congress and the economy turned much much weaker when Obama took over.

Thank God the voters came to their senses and gave the Republicans the House to hold these big Democrat spenders in check. To bad they didn't also get the Senate where Harry is whacking off instead of putting House bills on the floor of the Senate that would improve the unemployment situation...etc.

I'm thanking Republicans/voters for what little sign of an improving economy there is.

 

[Billy000]

I mostly blame the voters for the Obama/Democrats wreckage of the economy. The down slide started when the Democrats took over Congress and the economy turned much much weaker when Obama took over.

Thank God the voters came to their senses and gave the Republicans the House to hold these big Democrat spenders in check. To bad they didn't also get the Senate where Harry is whacking off instead of putting House bills on the floor of the Senate that would improve the unemployment situation...etc.

I'm thanking Republicans/voters for what little sign of an improving economy there is.

And exactly what legislation weakened the economy at that point, and how exactly has things been better since Republicans took control of the House?

 

[Luddly Neddite]

I give President Obama 100% of the credit for an economy that's steadily growing with more jobs reported every single month. Its a far cry from what we saw just before he took office.

We could be out of this mess completely if the GObP/repubs were not invested in the failure of our country. They have not produced even one jobs bill and they filibuster all jobs bills introduced by Dems. Most of them should be brought up on charges because they are de facto traitors.

 

[Luddly Neddite]

I mostly blame the voters for the Obama/Democrats wreckage of the economy. The down slide started when the Democrats took over Congress and the economy turned much much weaker when Obama took over.

Thank God the voters came to their senses and gave the Republicans the House to hold these big Democrat spenders in check. To bad they didn't also get the Senate where Harry is whacking off instead of putting House bills on the floor of the Senate that would improve the unemployment situation...etc.

I'm thanking Republicans/voters for what little sign of an improving economy there is.

And exactly what legislation weakened the economy at that point, and how exactly has things been better since Republicans took control of the House?

Yes, "Lumpy", please do explain how you came to that completely fictional account of the bush crash.

 

[Billy000]

I give President Obama 100% of the credit for an economy that's steadily growing with more jobs reported every single month. Its a far cry from what we saw just before he took office.

We could be out of this mess completely if the GObP/repubs were not invested in the failure of our country. They have not produced even one jobs bill and they filibuster all jobs bills introduced by Dems. Most of them should be brought up on charges because they are de facto traitors.

Why do you give him full credit for the job growth? I certainly give him some.

 

[Lumpy 1]

I mostly blame the voters for the Obama/Democrats wreckage of the economy. The down slide started when the Democrats took over Congress and the economy turned much much weaker when Obama took over.

Thank God the voters came to their senses and gave the Republicans the House to hold these big Democrat spenders in check. To bad they didn't also get the Senate where Harry is whacking off instead of putting House bills on the floor of the Senate that would improve the unemployment situation...etc.

I'm thanking Republicans/voters for what little sign of an improving economy there is.

And exactly what legislation weakened the economy at that point, and how exactly has things been better since Republicans took control of the House?

Perhaps you should do your own research....sheesh

I was referring to Democrats propensity for deficit spending and I just added the unemployment figures for your enjoyment...

As you should know budgets come from Congress, and the party that has fully controlled Congress since January 2007 is the Democratic Party. Realistically blaming Bush and Republicans is complete bullshit, all Obama/Democrats can reasonable say is that they inherited a deficit that they voted for.

btw..The last of the Republican budgets, the one that you could actually blame Republicans for was the lowest in 5 years after 4th straight years of decline in deficit spending.

Unemployment rate by the years/months...notice anything?


2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 8.9 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.7 9.8 9.8 9.9 9.6 9.4 9.5 9.6 9.5 9.5 9.8 9.4
2011 9.1 9.0 8.9 9.0 9.0 9.1 9.1 9.1 9.0 8.9 8.7 8.5

Bureau of Labor Statistics Data

 

[Skull Pilot]

Obama didn't cause the recession.

But he also can't do much to turn it around but get out of the way and he isn't doing that.

 

[Lumpy 1]

I give President Obama 100% of the credit for an economy that's steadily growing with more jobs reported every single month. Its a far cry from what we saw just before he took office.

We could be out of this mess completely if the GObP/repubs were not invested in the failure of our country. They have not produced even one jobs bill and they filibuster all jobs bills introduced by Dems. Most of them should be brought up on charges because they are de facto traitors.

..<<<this is You..

I believe Harry (do nothing) is sitting on at least 14 jobs legislation bills that have passed the House..

What is it with you Democrats and wearing blinders...

 

[Lumpy 1]

I mostly blame the voters for the Obama/Democrats wreckage of the economy. The down slide started when the Democrats took over Congress and the economy turned much much weaker when Obama took over.

Thank God the voters came to their senses and gave the Republicans the House to hold these big Democrat spenders in check. To bad they didn't also get the Senate where Harry is whacking off instead of putting House bills on the floor of the Senate that would improve the unemployment situation...etc.

I'm thanking Republicans/voters for what little sign of an improving economy there is.

And exactly what legislation weakened the economy at that point, and how exactly has things been better since Republicans took control of the House?

Yes, "Lumpy", please do explain how you came to that completely fictional account of the bush crash.

So far.. I find you completely irrational, why should I bother?

 

[code1211]

I don't know....Some. I don't think anyone is without blame. I think the Cash for Clunkers was something of a mistake. It was a quick fix, where that money could have been used for something else that would have benefited long term... like increasing Student financial Aid, for example.

This is perhaps the least informed, least researched and least logical post I have ever read on this board or any board.

There was one small sliver of the whole Failed Stimulus that actually stimulated the economy and that was the Failed Cash for Clunkers program.

As soon as the major and ripple effects started to spread through the economy, the Big 0 noticed and pulled the plug. The feature of this program that turned out to have longer term effects was that the cars traded in were destroyed instead of being re-sold and that caused the price of used cars to be held artificially high due to the reduced supply in the pipeline.

Money for student loans is effectively pissed away to folks who will not pay it back, are too lazy and therefore not likely to effectively utilize any education received and to to stupid to realize it.

The economy starts to surge when the money starts to flow within the economy. This means that business need to start getting the money and hire people, buy stuff from other companies who also hire people and then watch as the employed people buy stuff elsewhere.

The way to do this is to subsidize the purchases of real people for items that will jumpstart the economy and will multiply the effect. That is why Cash for Clunkers was so effective: It provided a small incentive to have the private sector spend their own money. This multiplied the effect. 1 dollar of incentive turned into 6 dollars of money moving through the economy.

Student financial aid turns into a bad debt and a future increase in tax to pay it back hurting today's economy and the economy of the future.

FinAid | Student Loans

<snip>
The total defaulted loans outstanding are around $40 billion to $45 billion, when accrued but unpaid interest and late fees are included in addition to loan principal. Cumulative defaulted loans outstanding in the FFEL program as reported in the budget are $22.4 billion. It is not possible to calculate cumulative defaulted loans outstanding in the Direct Loan program, but the US Department of Education's FY2009 Annual Report indicates that of the $156.8 billion outstanding in the Direct Loan program as of September 30, 2009, $11.5 billion of loan principal was in default. These figures, however, are not entirely consistent with the monthly statistics and collections reports, which show $23.6 billion in defaulted loans in the FFEL program and $23.8 billion in defaulted loans in the Direct loan program, for an overall total of $47.4 billion. (The Direct Loan program has a higher default volume because more than a fifth of FFEL program collection activity is through consolidation of defaulted loans into the Direct Loan program.) The total defaulted loan inventory represents about 8.2% of federal loans outstanding and 4.2% of all federal loans ever made.
<snip>

 

[code1211]

I mostly blame the voters for the Obama/Democrats wreckage of the economy. The down slide started when the Democrats took over Congress and the economy turned much much weaker when Obama took over.

Thank God the voters came to their senses and gave the Republicans the House to hold these big Democrat spenders in check. To bad they didn't also get the Senate where Harry is whacking off instead of putting House bills on the floor of the Senate that would improve the unemployment situation...etc.

I'm thanking Republicans/voters for what little sign of an improving economy there is.

And exactly what legislation weakened the economy at that point, and how exactly has things been better since Republicans took control of the House?

You are right that there has been almost no legislation passed to correct things since the house change hands. It's all sitting on Harry Reid's desk. He has refused to bring it to a vote.

However, the blade cuts both ways and the damage that Reid would be doing to the economy is being stopped by the House.

Some glimmers of hope like the House trying to pass a full year and the Senate only able to do two months is some cause for hope, but the ability to hope is systematically punished by the Big 0 and his henchmen,

What's up with that Recess Appointment that was made while the Senate was in session? Dictator?

As long as the Big 0 continues to punch success, restrain risk taking, outlaw investment and attack the efforts of our allies to help with the energy crisis, we are all screwed.

 

[WatertheTree]

He has had 3 years, and we gave him a blank check. No results. No long term solution.

No more excuses. No more compromise.

 

[Stephanie]

Okay, who said "full blame".

Really?

That'll teach your stupid ass to make your polls public won't it.

It doesn't make a piss difference to me. In fact, it teaches me how dumb members are on here. It must have been you.

If you think the members here are all so dumb. you're free to leave anytime..
Then you can take all your Obama butt kissing threads with you.

 

[cheetah440]

Okay, who said "full blame".

Really?

Well he owns the state of the economy as it is today, in 2012. In Jan 2009 he didn't own it. But 3 yrs later there is little to no improvement. The policies implemented have stunted all possible recovery. The phony unemployment figures notwithstanding. The fact is that his implementing HC reform and pushing Frank-Dodd during a recession have crushed all economic growth. The stimulus and printing of money at record levels have insured a Japan like economy for another 5-10 yrs.

Business cycles come and go and it's all part of our "system". Instead of letting it work, Obama tried to be compassionate and determine winners and losers. Whether it was GM or a homeowner. The market would have taken care of it and we'd be well on our way to full recovery after a sharp decline. Instead we are mired.

So I say, where we are today, where the economy is today is all Obama. He now owns it.