Obama's economy, the REAL facts..

Discussion in 'Politics' started by Philobeado, May 18, 2011.

  1. Philobeado
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    Philobeado Active Member

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    Here are the facts about Obama’s record on the economy:

    • At Obama’s Inauguration, the price at the pump for gas was $1.83. It has more than DOUBLED since and now some say it could even TRIPLE to $5 or $6 a gallon!

    • The official U.S. unemployment rate has jumped back up to 9%. But this pathetic number only puts a smiley face on the real misery. Unemployment spikes to a whopping 15.9% when one counts Americans who’ve grown so discouraged they’ve given up even looking for work or those who’ve settled for part-time work (Bureau of Labor Statistics).

    • Home prices have plummeted “at their fastest rate since the Lehman collapse.” (according to Zillow). Now called “zombie homeowners” because they’re financially walking dead, an all-time record “16.3 million families are upside-down on their home loans.”

    • A study by the New America Foundation finds “8.5 million people receiving unemployment checks and over 40 million receiving food stamps. At the current pace of job creation, the economy won't return to full employment until 2018.”

    • Wal-Mart’s CEO says its customers are “running out of money” with purchases “dropping off by the end of the month even more than last year".

    • The Wall Street Journal says “the dollar today is lower than at any time since major currencies began floating in 1973. It is 13% lower than it was 30 years ago and 28% below its 2002 recent peak.”

    • Standard & Poor’s, the independent credit rating agency, downgraded the outlook for the United States to negative from stable, saying within two years there's at least a one-in-three chance it could lower its long-term rating.

    In spite of the REAL facts re: the economy, according to Obama "green jobs are just around the corner" and Tim Geithner continues to pull the spin cord over and over again. Geither said this:

    "The economic rescue package that President Obama put in place was essential to turning the economy around… "

    "Actions since the fall of 2007 of the Federal Reserve, the White House and Congress helped save 8.5 million jobs and increased gross domestic product by 6.5 percent relative to what would have happened had we done nothing… "

    "Government action delivered a powerful bang for the buck…"

    "We have put the American economy on a firmer foundation for future growth…."
    ____________________________________________________________________ ____________
    Wake up America! Recovery in NOT "just around the corner". America’s economy is in deep, deep trouble.
     
    • Thank You! Thank You! x 1
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Geithner is a Big Government Tool.
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Yup. And while much of this has been a while in the making, people don't want to hear deflection and blame. They want solutions.

    Obama has plenty of blame and no solutions. But, is anybody really surprised? The man's never really even worked for a living. He's lived his whole life in a bubble on somebody else's nickel.
     
  4. Avorysuds
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    Avorysuds Gold Member

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    Oh you fucking fucks were born to hate... Don't you know anything? Obama's stimulus was set out to end the recession while not allowing UE to go over 8%, the only reason that stimulus failed so horribly at it's original goal is because Obama and all of his giant panel of expert economists ended up saving us from an unknown, unforeseeable, unexpected, out of nowhere Depression...

    If Obama does not get to do another bailout/stimulus soon we will possibly skip that recession we are out of now and just BAM be in that depression Obama himself saved us from...

    So keep hating with your "facts" and your "reality" bullshit. Obama saved children, teachers, firefighters, rainbows and you just want to destroy the planet.
     
  5. Truthmatters
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    Truthmatters BANNED

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    Your team crashed the world economy for the second time in one lifetime.


    Then you blame the guy who has to clean up your mess by pretending the mess was not so bad.


    So which is it , the mess is bad or the mess is not so bad.

    make up your minds
     
  6. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    You almost got me there Sparky.
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    And the board idiot chimes in right on queue with her ususal " I know you are but what am I" level response.

    :lol:
     
  8. peach174
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    peach174 Gold Member Gold Supporting Member Supporting Member

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    Yep. Repubs put us into a ditch and Dem's drove us over the cliff.
     
  9. Avorysuds
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    Avorysuds Gold Member

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    Yes they did, those evil filthy oil loving Republicans destroyed the world and thank GOD we have Obama and his team here to fix EVERYTHING. You fucking people hate him because he's black and because he can't magically get UE down after spending trillions but you never think back to when Republicans installed terminators in the WH to kill democrats.

    Democrats now have to battle the economy and the entire world by starting new no-wars while at the same time as having red eye terminators chasing them with laser guns.

    Fact: All Republicans have killed anyone they have met with an education or that does not dump oil in ponds, lakes and rivers like they do

    Fact: Democrats are just better looking than Republicans and that makes Republicans sOOoOoo fucking jealous!
     
  10. Ernie S.
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    Ernie S. Platinum Member

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    Don't forget old people! We want to starve them.
     

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