Obama's Big Economy Speech: No Hope, No Change...

Discussion in 'Politics' started by paulitician, Jun 16, 2012.

  1. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,974
    President Obama’s campaign speech on the economy today was an utter disaster for him. It was a bromide of tired old arguments, pathetic blame-placing, and shopworn con tricks. And even liberals like Jonathan Alter had to admit that it was, overall, a dramatic failure.

    He began where he always does: with blame. “We’ve been wrestling with these issues for a long time,” he said. “The problems we’re facing right now have been more than a decade in the making …. For more than a decade, it had become harder to find a job that paid the bills, harder to save, harder to retire, harder to keep up with rising costs of gas and health care and college tuitions.” Translation: Blame Bush.

    The Blame Bush nonsense continued:

    We were told that huge tax cuts, especially for the wealthiest Americans, would lead to faster job growth. We were told that fewer regulations, especially for big financial institutions and corporations, would bring about widespread prosperity. We were told that it was OK to put two wars on the nation’s credit card; that tax cuts would create a enough growth to pay for themselves.

    Fact: huge tax cuts did lead to greater job growth. Bush oversaw 52 consecutive months of job growth under his watch, beginning in September 2003 and December 2007.

    Fact: tax cuts did begin to pay for themselves. The deficit began to shrink under President Bush between 2005 and 2007 thanks to increased tax revenue generated from economic growth.

    Fact: fewer regulations did create widespread prosperity. What led to the economic meltdown was government pressure on private institutions to make shoddy loans to subprime borrowers.

    Later in his speech, Obama rewrote history to turn this into malfeasance solely by Wall Street: “Without strong enough regulations, families were enticed and sometimes tricked into buying homes they couldn’t afford. Banks and investors were allowed to package and sell risky mortgages. Huge reckless bets were made with other people’s money on the line. And too many, from Wall Street to Washington, simply looked the other way.” Nobody was suckered into buying a home they couldn’t afford. They simply made bad decisions, incentivized to do so by the federal government...

    Read More:
    Obama's Big Economy Speech: No Hope, No Change
     
    • Thank You! Thank You! x 1
  2. SniperFire
    Offline

    SniperFire Senior Member

    Joined:
    Feb 28, 2012
    Messages:
    13,627
    Thanks Received:
    1,219
    Trophy Points:
    48
    Location:
    Inside Your Head
    Ratings:
    +1,223
    'A fool is like the big drum that beats fast but does not realize its hollowness.'

    - Malayan Proverb
     
  3. pvsi.
    Offline

    pvsi. Member

    Joined:
    Nov 17, 2011
    Messages:
    754
    Thanks Received:
    41
    Trophy Points:
    16
    Ratings:
    +41
    I watched 10 minutes of his speech so far, he mentioned 5 times "two fundamentally different views" but I have yet to hear any difference between the two
     
  4. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,974
    Good observation. Thanks.
     
  5. 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
    Jonathon alter and dana millbank found their honesty molecule, panned it and for pretty much the right reasons....same shit different year.....nothing new at all, no plan, just mumbo jumbo meanderings.
     
  6. AquaAthena
    Offline

    AquaAthena INTJ/ INFJ

    Joined:
    Feb 16, 2010
    Messages:
    15,453
    Thanks Received:
    11,061
    Trophy Points:
    2,265
    Location:
    ♥ TEXAS ♥ in Spirit
    Ratings:
    +12,342
    "Obama's Big Economy Speech: No Hope, No Change..."


    No hope, no change, no chance.....
     
  7. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,974
    Hope you're right.
     
  8. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,974
    Yup, blame BOOOOOSH and hope the sheep eat it up again. I guess we'll see if they do. Stay tuned.
     
  9. francoHFW
    Offline

    francoHFW Platinum Member

    Joined:
    Sep 5, 2011
    Messages:
    33,472
    Thanks Received:
    2,177
    Trophy Points:
    1,115
    Location:
    NY 26th FINALLY DEM!
    Ratings:
    +5,615
    Romney is a W clone. Brilliant
     
  10. skookerasbil
    Offline

    skookerasbil Gold Member

    Joined:
    Aug 6, 2009
    Messages:
    24,222
    Thanks Received:
    2,913
    Trophy Points:
    290
    Location:
    Not the middle of nowhere
    Ratings:
    +6,223
    [​IMG]







    :D:D:D:D:D:D:D:D
     
    • Thank You! Thank You! x 1

Share This Page