Time to Admit Obamanomics has Failed

[Richard-H]

The one thing that people forget is that Obama did not run a campaign based on:

"I will fix a completely destroyed economy"

This was a situation that happened very suddenly, just before he took office.

I think that his administration has done a very good job responding to a completely unexpected national disaster - one that was primarily caused by policies of previous administrations.

No. The Obama administration has not miraculously cause an economic revival. If he had taken the extreme actions that could have reversed it (like socializing the banking system), it probably would have thrown this country into a civil war.

Right now, I only hope that the Dems are a lot more successful in the upcoming elections and tha they will initiate whatever policies are needed.

 

[Samson]

The one thing that people forget is that Obama did not run a campaign based on:

"I will fix a completely destroyed economy"

This was a situation that happened very suddenly, just before he took office.

I think that his administration has done a very good job responding to a completely unexpected national disaster - one that was primarily caused by policies of previous administrations.

I agree, but with one exception: the "Previous Administrations' Policies" are not Laws.

Congress passes laws, and the administration is supposed to control the apparatii that are used to enforce, and enact, the will of The People (Congressional Representatives).

While the Executive can make mistakes, they're not made in a vacuum: Congress is certainly equally, probably more so, to blame for Government Failures.

 

[uscitizen]

Neither side has the balls to do what is needed.

 

[Samson]

Neither side has the balls to do what is needed.

Indeed: Nor have they since....when?.....

 

[uscitizen]

Neither side has the balls to do what is needed.

Indeed: Nor have they since....when?.....

Not since anyone on this board has been old enough to vote.

 

[eagleseven]

There are always interesting and paradoxical ironies to ideological stances, conservatives claim a free market will eventually mean utopia, but then they criticize liberals for claiming those same free individuals who run those markets are basically good people.

A certain Scottsman addressed this issue about 250 years ago...I suggest you read him.

 

[Spoonman]

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
​

Any fool could see Obama was putting forth a failed plan. Nothing but Democratic pork.

 

[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
​

Any fool could see Obama was putting forth a failed plan. Nothing but Democratic pork.

LOL yeah all of that democratic pork that went to republican states where republican politicians willingly accepted the money and tried to take credit for it and the jobs they claimed they brought to their state out of one side of their face as they condemned where the "pork" came from out of the other side. LOL

 

[uscitizen]

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
​

Any fool could see Obama was putting forth a failed plan. Nothing but Democratic pork.

Lots of Republican pork as well.
No real diversion from the plan of the last 10 years or so.

Idiots all keep doing the same thing over and over and expecting different results.