Time to Admit Obamanomics has Failed

[teapartysamurai]

It's no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday's brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it's easy to see why she would start looking for the exits.

Romer is best known for drafting the February 2009 report "The Job Impact of the American Recovery and Reinvestment Plan," which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That's not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.

Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.​

Read it all:

Time to admit Obamanomics has failed | Washington Examiner

This is no surprise to conservatives. We have been telling the "wizards of schmart" that Keynesian policy does not work.

This all boils down to the idea that the government can grow the economy. It can't. All the government can do to help the economy is GET OUT OF THE WAY.

Obama has instead, hampered and intimidated business, and now everyone is afraid to hire, for fear of what Obama will do next.







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​

 

[topspin]

not even close, he's saving bullets till closer till election time.

 

[teapartysamurai]

not even close, he's saving bullets till closer till election time.

Oh he hasn't ruined the economy enough??????

 

[jillian]

 

[Mr Natural]

Yeah, he hasn't done anything other than throw tons of money at them.

The Bastard!

 

[topspin]

I still haven't gone to a stay at home mommy for econmic counseling and I'm not starting today.
He will try and buy votes with stimulus and even corporate tax cuts to get re-elected. IMO

 

[teapartysamurai]

Yeah, he hasn't done anything other than throw tons of money at them.

The Bastard!

And where is that money coming from?

It's coming from us. You take money from the people and you throw it back at them.

You might as well try to bail out the ocean with a dropper.

It isn't going to work to stimulate an economy.

Government cannot stimulate or produce wealth.

That takes the private sector and Obama has done everything he can to hamper free enterprise.

 

[teapartysamurai]

Man it's getting bad.

Liberals don't even TRY to defend Obama. They just call names at anyone who points out the guy is a failure.

Remember liberals Rush Limbaugh told you he would fail (I hope he fails) in 2009.

You have no one to blame but yourselves for latching onto this economic Titanic.

 

[Mr Natural]

Yeah, he hasn't done anything other than throw tons of money at them.

The Bastard!

And where is that money coming from?

It's coming from us. You take money from the people and you throw it back at them.

You might as well try to bail out the ocean with a dropper.

It isn't going to work to stimulate an economy.

Government cannot stimulate or produce wealth.

That takes the private sector and Obama has done everything he can to hamper free enterprise.

Example, please.

 

[teapartysamurai]

Yeah, he hasn't done anything other than throw tons of money at them.

The Bastard!

And where is that money coming from?

It's coming from us. You take money from the people and you throw it back at them.

You might as well try to bail out the ocean with a dropper.

It isn't going to work to stimulate an economy.

Government cannot stimulate or produce wealth.

That takes the private sector and Obama has done everything he can to hamper free enterprise.

Example, please.

AIG bonus intimidation

Obama telling CEOs not to fly their privte planes to Vegas or the Super Bowl. Even the mayor of Vegas complained it had hurt business.

Obama motors

Chris Dodd and Barney Frank pratically taking over the banks.

Ditto on business legislation

The promised tax hikes

on and on and on.

Over and over Obama has made it clear he is hostile to business and now businesses are not hiring for fear of what comes next.

 

[OmarDaGreat]

Maybe if the private sector did not ship all of our jobs overseas looking for cheap labor and tax breaks, we would not be in this bind right now.

If you want to blame someone for killing the economy...look at big business.

 

[Mr Natural]

AIG bonus intimidation

AIG had was bailed out by the taxpayers. There shoudn't bonuses for failure.

Obama telling CEOs not to fly their privte planes to Vegas or the Super Bowl. Even the mayor of Vegas complained it had hurt business.

Suggested, not told. the President doesn't have that kind of authority.

Obama motors

Auto execs hopped on their private jets and flew to Washington hats in hand begging for money.

Chris Dodd and Barney Frank pratically taking over the banks.

How dare they try to protect consumers from getting screwed.

Ditto on business legislation

What business legislation?

The promised tax hikes

What promised tax hikes?

on and on and on.

C'mon, you're the expert give me some more examples.

Over and over Obama has made it clear he is hostile to business and now businesses are not hiring for fear of what comes next.

Specificity please.

 

[Soggy in NOLA]

We just need to spend more money, that's all. It will work, I promise.

 

[Jarhead]

AIG bonus intimidation

AIG had was bailed out by the taxpayers. There shoudn't bonuses for failure.

Perhaps that should have been in the contract? Seems Obama made an error

Obama telling CEOs not to fly their privte planes to Vegas or the Super Bowl. Even the mayor of Vegas complained it had hurt business.

Suggested, not told. the President doesn't have that kind of authority.

When the President speaks, people listen and many take it as justified. It was not.


Auto execs hopped on their private jets and flew to Washington hats in hand begging for money.

Not THEIr private jeets, the corporate jets. Used often for time efficiency

How dare they try to protect consumers from getting screwed.

Yep...those poor victim consumers who refused to read before they signed.

What business legislation?



What promised tax hikes?

on and on and on.

C'mon, you're the expert give me some more examples.

Over and over Obama has made it clear he is hostile to business and now businesses are not hiring for fear of what comes next.

Specificity please.

My response to some of your spin in red.

 

[NYcarbineer]

not even close, he's saving bullets till closer till election time.

Oh he hasn't ruined the economy enough??????

We were in a recession when Obama took office. We've been out of recession for a year.

 

[NYcarbineer]

It's no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday's brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it's easy to see why she would start looking for the exits.

Romer is best known for drafting the February 2009 report "The Job Impact of the American Recovery and Reinvestment Plan," which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That's not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.

Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.​

Read it all:

Time to admit Obamanomics has failed | Washington Examiner

This is no surprise to conservatives. We have been telling the "wizards of schmart" that Keynesian policy does not work.

This all boils down to the idea that the government can grow the economy. It can't. All the government can do to help the economy is GET OUT OF THE WAY.

Obama has instead, hampered and intimidated business, and now everyone is afraid to hire, for fear of what Obama will do next.







-1008050-100154469.html#ixzz0wESEq8uX
​

Are you still on food stamps?

 

[drsmith1072]

It's no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday's brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it's easy to see why she would start looking for the exits.

Romer is best known for drafting the February 2009 report "The Job Impact of the American Recovery and Reinvestment Plan," which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That's not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.

Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.​

Read it all:

Time to admit Obamanomics has failed | Washington Examiner

This is no surprise to conservatives. We have been telling the "wizards of schmart" that Keynesian policy does not work.

This all boils down to the idea that the government can grow the economy. It can't. All the government can do to help the economy is GET OUT OF THE WAY.

Obama has instead, hampered and intimidated business, and now everyone is afraid to hire, for fear of what Obama will do next.







-1008050-100154469.html#ixzz0wESEq8uX
​

Of course the stalling economy is no surprise to republicans. After all it's what they have been hoping and planning for since day one of obama's presidency and they started acting as the party of NO. The facts that show how far into "the party of NO" that republicans have gone is the fact that they voted against legislation that they co-signed as well as ideas that they supported just to maintain the status quo.

The right obstructs and stalls any attempt to help the economy because it suits their party's political needs to do so and you wish to pretend that is a good thing? Oh well as usual with the right, the end justifies the means and party before everything.

 

[WillowTree]

not even close, he's saving bullets till closer till election time.

Oh he hasn't ruined the economy enough??????

We were in a recession when Obama took office. We've been out of recession for a year.

yay,, right,, unemployment at nearly ten percent.. gobama gobama gobama..meanwhile Marie don't know shit bout no recession.

 

[Soggy in NOLA]

We were in a recession when Obama took office. We've been out of recession for a year.

Well, problem solved.

Let's all go to Spain!

 

[WillowTree]

We were in a recession when Obama took office. We've been out of recession for a year.

Well, problem solved.

Let's all go to Spain!

limousine libruls took that trip.. left us to home.