Obama Recession?

Discussion in 'Politics' started by Sinatra, Feb 10, 2009.

  1. Sinatra
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    Sinatra Senior Member

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    So if economic conditions worsen, is it fair to start calling this the "Obama Recession" or would that be unfair given he inherited a good deal of the mess even if his current performance as President appears to be worsening rather than helping the mess?

    Granted, the stimulus bill has yet to be signed off, but with the Congressional Budget Office stating less than half the infrastructure spending will take place within two years, does that really matter when classifying the current economy as the "Obama Recession"?

    http://www.nytimes.com/2009/02/11/business/11markets.html?_r=1&hp

    50 De-Stimulating Facts by Stephen Spruiell & Kevin Williamson on National Review Online
     
  2. Annie
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    Annie Diamond Member

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    I think he's all but called this a depression, he owns it.
     
  3. Munin
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    Munin VIP Member

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    You need to wait at least a year or 2 before you can start calling it a bipartisan mess (too clearly see the effects of the Bail-out & stimulus package).

    But it will always be known as a republican mess, nothing will ever be able to change that.
     
    Last edited: Feb 10, 2009
  4. Vel
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    Vel Gold Member

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    Obama was a sitting senator that never bothered to do the job he was hired to do. It's fair to call this the Obama recession. He pretty much started campaigning for his current job from the day he took office as a U.S. senator and neglected everything else.
     
  5. frazzledgear
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    frazzledgear Senior Member

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    After hearing "Stimulus Part Deux" from Treasury Secretary Geithner, this will be the Obama Depression. And I have to ask you liberals. ARE YOU OUT OF YOUR MINDS? Now its going to be TWO TRILLION in spending according to Geithner? Any idea what that number actually stands for? Do you realize that it would take nearly 64,000 YEARS to count that high if you counted at one number per second? It would take 178 1/2 years to count to a billion at the same rate. Does this mean we should start getting used to bandying the word "quadrillion" around as casually as Obama does with "trillion" since Obama intends us to be just a few trillion shy of that number before he's done? And hey, looking forward to the massive DEMOCRAT lobbying feeding frenzy this Democrat sponsored hog calling contest will cause, aren't you? But who really gets stuck with the tab I wonder. Think "the rich" got enough to foot that bill? ROFL

    I cannot trust the people in government who are carrying this out after seeing the billions in CRAP THEY inserted that will have no stimulative effect. And Obama peddling fear and insisting this MUST be passed RIGHT NOW -only means he wants it passed before people can get a closer look at it. Like those major provisions that have nothing to do with stimulating the economy at all -but will start dismantling our healthcare system and rationing healthcare for our seniors. Not going to sit well with a lot of Americans, is it?

    Obama is setting up not just this country -but the entire globe - for massive economic disaster. That is $2 TRILLION the US government would have to borrow -at the very same time the governments of China, the UK, France, Russia, numerous countries in the Middle East and Japan -have all created budgets that would require them to borrow more than $8 trillion combined. FROM WHERE? There isn't $10 trillion out there just floating around. Which means that eventually the Obama administration (and probably most of these other countries) will simply create phony electronic money to cover the loss. Which will only cause inflation on a scale not seen by anyone alive today.

    I hope you daffy liberals aren't actually expecting Obama go down in history as one of our greatest Presidents. Especially given the fact he is just increasingly insuring he won't even get a second term.
     
  6. jillian
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    jillian Princess Supporting Member

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    now you know why no one takes you wingnuts seriously....

    retards.
     
  7. Munin
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    Munin VIP Member

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    That is just ignorant, you can't just blame 1 senator of the opposition for the failure of the whole economy. For one 1 senator does not have the tools to influence the economy and secondly you can't shift the blame from the republican government (for not solving this mess during its term and possibly for even causing this mess) on another party. The government has the tools to "control" the economy. In no way should any government be able to escape its responsibility over its bad handling of an economic crisis.

    Neither should we let the Obama government escape from its responsibilities, if it will be proved that his bailouts & stimulus packages have failed: But it will take at least a year or 2 as I mentioned earlier.
     
    Last edited: Feb 11, 2009
  8. Article 15
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    Article 15 Dr. House slayer

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    Simply put:

    No.
     
  9. Ravi
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    Ravi Diamond Member

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    Personal responsibility is never something Republicans actually believed in...unless it was personal responsibility for someone else, not them.
     
  10. DiamondDave
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    DiamondDave Army Vet

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    Are you denying that he almost immediately started campaigning for President... are you denying that that was his major focus?

    Give me a break

    This is common knowledge
     

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