Obama: Abject Failure

Discussion in 'Economy' started by PoliticalChic, Jan 3, 2014.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    The following is the 'smoking gun,' the proof that Obama's economic policies...which boil down to 'spreading the wealth,' are the total failure that has been the hallmark of this wind-bag's endeavors.

    Many have pointed out that this has been slowest of recoveries from recession....but the following will be starkly reveling of exactly how much of a failure it has been.




    1. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession

    2. President Obama likes to talk about income inequality, but what matters far more is the actual income of the typical American. And how has the typical American household income fared on Obama's watch? .... the typical American household income has not only dropped—it has dropped more than twice as much as it did during the recession.

    3. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.





    4. ....During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098).

    a. ...the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.







    5. ...these income tallies include government payouts such as unemployment compensation and cash welfare. So Obama's method of funneling ever-more money and power to Washington, and then selectively divvying some of it back out, clearly isn't working...

    a. Nor would his proposed immigration bill help the income prospects of the median American.




    6. ... the span of time over which the typical American household's income has dropped by about $2,400 a year (during an ostensible "recovery") corresponds almost exactly with the span of time that we've been living with the looming specter of Obamacare—...."
    Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard






    Wow....." median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession."

    Gee....almost as good a job as he's done in foreign policy.




    OK.....he's the second greatest failure of our time....second only to the Obama voters who still support him.




    Who voted for this incompetent????

    Oh...right....other incompetents.
     
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  2. Moonglow
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    Moonglow Diamond Member

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    Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

    The top 1% should be spreading the wealth they were given by US tax dollars.
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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    The same ploy....again????

    All you Left-leaners can do is try to change the subject.

    This OP proves that, both, Obama is an incompetent, as are the Obama supporters....raise your paw.



    Let's compare with a real President:

    "In "The End of Prosperity," supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001.

    They wrote:

    "We call this period, 1982-2007, the twenty-five year boom-the greatest period of wealth creation in the history of the planet. In 1980, the net worth-assets minus liabilities-of all U.S. households and business ... was $25 trillion in today's dollars. By 2007, ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."
    http://theccpp.org/2011/05/reaganomics-vs-obamanomics-facts-and-figures-1.html



    I'm certain that none of you apologists would like to compare President Reagan's foreign policy success with Benghazi-Obama's.
     
  4. Spoonman
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    Spoonman Gold Member

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    I have one simple question. if libs have fixed the economy like they claim, why are they still bitching about all these people on unemployment the republicans are trying to screw by not extending unemployment benefits?
     
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  5. Moonglow
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    Moonglow Diamond Member

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    Lebanon was such a success.

    http://www.valentinecapitalassetmanagement.com/historyofwealth.html

    Reagan did not create Silicon Valley, or the tech revolution.

    http://www.pbs.org/wgbh/americanexperience/films/silicon/

    Do you have an alter for Reagan your perfect man?
     
    Last edited: Jan 3, 2014
  6. PoliticalChic
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    PoliticalChic Diamond Member

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    Changing the subject again?


    Great.


    Proves what an unmitigated success my post, and Reagan's policies, are.


    Remember, you shouldn’t drink on an empty head.
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    The top 1% shouldn't have been bailed out by US tax dollars.
    It was this administration that paid 100 cents on the dollar to bail out the toxic investments.
    Why did they do that?
     
  8. PoliticalChic
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    PoliticalChic Diamond Member

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    What is this bête noire you guys call the top 1%?

    Bet you don't even know what that entails.
     
  9. PoliticalChic
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    PoliticalChic Diamond Member

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    You didn't post anything that disproved what a value Reagan's policies were for every American.....


    Here's some more:

    1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
    2. But….the national wealth went up $ 17 trillion
    3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

    George Gilder: The Real Reagan Lesson for Romney-Ryan - WSJ.com

    Reaganomics - Wikipedia, the free encyclopedia



    How ya' like dat...boooyyyyyeeeee?
     
  10. Moonglow
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    Moonglow Diamond Member

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    Is that the same as drinking out of a skull?
     

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