Obama: The End of an Error.

Discussion in 'Economy' started by PoliticalChic, Jul 14, 2011.

  1. PoliticalChic
    Offline

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,767
    Thanks Received:
    15,646
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +24,945
    "Obamanomics has produced the weakest, most anemic recovery since the 1930s, when another generation’s big-government planners turned their great recession into the Great Depression. To be fair, President George W. Bush certainly did not give the best economic handoff - he too was addicted to spending - but to be clear, President Obama has unarguably fumbled the ball. He has, to borrow his own phrase, put his “boot on the neck” of American businesses with his increased taxes and regulatory burden; he has grown government with his wildly increased spending and outright take-overs; and he has weakened the dollar with his “quantitative easing” printing press.

    The devastation caused by Obamanomics is now undeniable. According to Investors Business Daily, 2 million net private-sector jobs have been lost; unemployment has increased by 1.5 percentage points; long-term unemployment is the worst ever on record; the dollar is 12 percent weaker; the number of Americans on food stamps has increased by 37 percent; the Misery Index (unemployment plus inflation) has increased by 62 percent; and the national debt has exploded by an alarming 40 percent. Mr. Obama is on pace to saddle America with more job-killing debt than all the first 43 presidents - combined.

    Almost a century ago, Presidents Herbert Hoover and Franklin D. Roosevelt converted a great recession into the Great Depression with their big-government schemes. Similarly today, Mr. Obama has turned our Great Recession into the Obama Depression with his own - now old, tired and discredited - big-government schemes. Meanwhile, Mr. Obama cannot see the obvious lessons of the German Miracle: Unleash the free market, unshackle entrepreneurs and workers from big-government controls and we, the free people of the United States, can rescue our economy and create our own 21st century American Miracle."
    WOLF: 'German Miracle' Barack Obama doesn't see - Washington Times
    (emphasis mine)


    We warned you....you wouldn't listen.
    Now, let's see if can learn from your mistakes.
     
    • Thank You! Thank You! x 10
  2. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,222
    Thanks Received:
    14,910
    Trophy Points:
    2,210
    Ratings:
    +37,000
    What did everybody think was going to happen when you copy the exact playbook from the FDR Depression?

    I said this when Obama first proposed the Stimulus: he is copying FDR page for page and wants the same results: years of depression
     
    • Thank You! Thank You! x 1
  3. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,822
    Thanks Received:
    3,114
    Trophy Points:
    260
    Location:
    Virginia
    Ratings:
    +6,101
    Only thing I can disagree with is that we are not in a recovery.
    We are in a momentary lapse of reason. And when we wake up...it will be worse than 2008.
    Watch.
     
  4. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    yup, right after QE 3. ;)

    ( cannot rep you yet;))
     
  5. Polk
    Offline

    Polk Classic

    Joined:
    Aug 25, 2009
    Messages:
    9,752
    Thanks Received:
    569
    Trophy Points:
    48
    Location:
    Republic of Pequod
    Ratings:
    +569
    FDR is pretty magical, which his ability to start a depression several years before he took office. Also, that German theme is a laugh. Germany didn't see the same rise in unemployment we did during this recession, but their economy is still in very weak shape. They have recovered faster, but they also took a much larger fall. As for the post-Second World War example, you guys are smart enough to figure out why a country that's been flattened with experience rapid growth.

    Also, liberals from five years ago called. They want their catch phrase back.
     
    • Thank You! Thank You! x 1
  6. Momanohedhunter
    Offline

    Momanohedhunter BANNED

    Joined:
    Feb 22, 2011
    Messages:
    2,668
    Thanks Received:
    250
    Trophy Points:
    0
    Location:
    Texas
    Ratings:
    +250
    I hope so.
     
  7. Sarah G
    Offline

    Sarah G When Nothing Goes Right, Go Left Supporting Member

    Joined:
    Mar 4, 2009
    Messages:
    47,640
    Thanks Received:
    11,826
    Trophy Points:
    2,070
    Location:
    NW Ohio
    Ratings:
    +23,989
    Obama has raised $27 million in one quarter. More than all of the Republican candidates combined. Looks like America still loves the president.

    Maybe your lame candidates will learn a little something as well. :lol:
     
  8. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    The Great Depression is "Great" because of how long it lasted from what I understand. It was not called "The Great Depression" in the first year of the depression, maybe like 8+ years into it... So yes, both Hoover and FDR made the Depression Great as I understand it.
     
  9. Polk
    Offline

    Polk Classic

    Joined:
    Aug 25, 2009
    Messages:
    9,752
    Thanks Received:
    569
    Trophy Points:
    48
    Location:
    Republic of Pequod
    Ratings:
    +569
    That reflects a deep lack of knowledge about the period in question.
     
  10. Momanohedhunter
    Offline

    Momanohedhunter BANNED

    Joined:
    Feb 22, 2011
    Messages:
    2,668
    Thanks Received:
    250
    Trophy Points:
    0
    Location:
    Texas
    Ratings:
    +250
    $38,000 + to go to his birthday party the guy better have some money., But unless he buys votes (likely) it wont do much good.
     

Share This Page