Time to Admit Obamanomics has Failed

[NYcarbineer]

We're having a jobless recovery because we have a jobless economy. It's structural/systemic.

The labor intensive sector of our economy, especially the labor intensive sector that pays decent wages, has largely disappeared.

You conservatives wanted it, you got it. Good for you.

 

[NYcarbineer]

obama FAIL

NEW YORK — Economic growth in the United States slowed significantly in the second quarter, the Commerce Department said Friday. Growth settled down to a rate that economists regard as more sustainable and orderly than the torrid pace reported the previous quarter.

Gross domestic product, the sum of the nation's output of goods and services, grew at an annual rate of 2.5 percent in the three months ended June 30. While that is considered a healthy growth rate, it is well below the figure of 3 percent that many economists forecast.

http://www.nytimes.com/2006/07/28/business/worldbusiness/28iht-usecon.2325693.html?_r=1

See, the failure of 'Obamanomics' is that it plunged our economy into the depths of

healthy growth!!!

care to open the link and look at the title?

Economy is slowing down, U.S. data show - Business - International Herald Tribune

Whatever.

How much are you willing to further add to the deficit in order to further stimulate the economy and create more jobs?

 

[Samson]

We're having a jobless recovery because we have a jobless economy. It's structural/systemic.

The labor intensive sector of our economy, especially the labor intensive sector that pays decent wages, has largely disappeared.

You conservatives wanted it, you got it. Good for you.

Conservatives, increased costs of labor demanding employers pay an artificially high minimum wage?

 

[NYcarbineer]

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!

What would you have had them do, in early 2009?

Exactly.

entertain us with a detailed answer.

And Soggy disappears.

 

[OmarDaGreat]

We're having a jobless recovery because we have a jobless economy. It's structural/systemic.

The labor intensive sector of our economy, especially the labor intensive sector that pays decent wages, has largely disappeared.

You conservatives wanted it, you got it. Good for you.

Conservatives, increased costs of labor demanding employers pay an artificially high minimum wage?

I think he is saying that Conservatives with their huge tax breaks for big business made the labor intensive sector that pays decent disaprear...to China.

 

[CountofTuscany]

$26 billion more being approved to keep teachers jobs afloat. As stimulus money begins to dwindle more of this same bandaid treatment will need to be applied. Barak Obama spent, but he did not improve.

 

[HUGGY]

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.

You are an idiot beyond reason. If there ever was a time to borrow money it is now with interest being close to zero. That is what the rich are doing these days ..snapping up failed real estate with very little cost for the financing. Yet a dummy like you wouldn't like the government to take advantage of this rare opportunity. You are an idiot hack.

 

[RDD_1210]

Wait a second, the OP is complaining about Obama and his policies but has no degree, is jobless and collects unemployment?!??! Oh that's rich! Hypocrite.

"Get a job and stop mooching off the hard working people of this country!"

 

[drsmith1072]

What we need is to raise taxes on the rich in this country so the ones who are capable of creating jobs will not....Oh wait Obama is doing that.
What we need is to saddle companies with the uncertainty of health care costs and energy costs so potential employers will not hire now....Well again Obama has that covered as well.
What we need is to set up another Stimulus deal because the first one was such a disaster....Obama is thinking about that now so we are good to go there.

Well as a Con as you dopes like to call us how do you like these ideas to jump start this Obama economy.

Love the talking points. BTW how can you honestly claim that letting the taxcuts expire as the republican controlled congress set them up to do, is raising taxes?? They are just returnung to their normal level. Furthermore, how can you not blaim the republicans for making them temporary to begin with??
Furthermore, if the taxcuts were going to create jobs then they would have already. extending them for the "job creators", who haven't used them to create the jobs that the right is promising will cone from extending the taxcuts, only maintains the status quo. So how will that create jobs??

How is there uncertainty of healthcare costs when the bill is out there and all companies need to do is READ THE DAMN BILL to know what is coming??

The stimulus bill a disaster??? Thanks for the unsubstantiated spin. LOL SO care to explain how the stimulus was a disaster?? Specifics please.

Based on your attempted spin, the term Con suits you just fine.

 

[Lonestar_logic]

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.

You are an idiot beyond reason. If there ever was a time to borrow money it is now with interest being close to zero. That is what the rich are doing these days ..snapping up failed real estate with very little cost for the financing. Yet a dummy like you wouldn't like the government to take advantage of this rare opportunity. You are an idiot hack.

And who are we to borrow money from?

 

[Samson]

We're having a jobless recovery because we have a jobless economy. It's structural/systemic.

The labor intensive sector of our economy, especially the labor intensive sector that pays decent wages, has largely disappeared.

You conservatives wanted it, you got it. Good for you.

Conservatives, increased costs of labor demanding employers pay an artificially high minimum wage?

I think he is saying that Conservatives with their huge tax breaks for big business made the labor intensive sector that pays decent disaprear...to China.

Why would tax breaks for businesses in the US make them move to China?

US businesses manufacture overseas because labor is less costly: No minimum wage, no workers comp, no matching unemployment insurance, no overtime after 40hrs/w, no need for hiring quotas, no need to build handicapped friendly, etc. etc.

 

[drsmith1072]

Holy shit!

You're right. Obamanomics has clearly led to a healthy growth rate!

Gimme six hits of the mescaline this poster is high on.

And call me Xerxes hereafter, Plonnophites!

The doctor was quoting the article that the OP used as it's source for this thread. So in reality you are attacking the source that the OP based his spin on?? LOL Or did you miss that when you failed to READ what had been written in this thread??

 

[drsmith1072]

Well we know that Reaganomics worked, and obamanomics compared to other socilist programs doesn't work.

That Voodoo economics the GHW Buish spoke of?

Heck Reganomics was the beginning of the end. Well a major one of the many contributors. Quote Cheney, "Reagan proved that the defecit does not matter".

twenty plus years is a great ending. If it was such a bad thing why did Clinton enjoy this so called surplus? Europe can thank Reagan for bring the iron current down Most younger Americans do not realize this but most Europeans do realize this.

WOW, seriously?? He is dead you can stop brown nosing with you BS asskissing. LOL
Reagan was lucky enough to be president when the wall fell and the situation that you are trying to give him credit for, the cold war, began before he was president. It's kind of like when republicans try to give reagan credit for ending the iranian hostage crisis, which according to history was resolved by the algiers accords BEFORE he became president.

To quote bill maher, "I think the republicans want reagan on a stamp so they can lick his backside."

Oh and I just love how you try to speak for most of an entire continent. LOL

 

[drsmith1072]

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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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.

That is an empty talking point, as the Dems have a majority and still blame the Repubs. They have failed miserably at getting anything accomplished because they are beholding to all the special interests that put them in power. At what point do the dems and their supporters stop blaming everyone and take responsibility for their actions. The arrogance of Obama and his administration will not allow them, even in the face of overwhelming evidence, to admit that govt spending and growing the govt does not work. They set themselves up to fail with their policies so don't blame the repubs for recognizing that the path the dems chose would lead us to where we are.

Talk about empty talking points?? You presented the biggest one of all. The fact is that because of the party of "NO" a supermajority is required to pass damn near everything that comes to the floor for a vote in the senate.

Fact is that the dems have not had a super majority for a large portion of obama's first two years (not full two years) so for you to run with your talking point that the dems have only the majority so you can avoid responding to the content of my post shows that you have NOTHING but empty talking points. Thanks for the spin.

 

[Richard-H]

It strikes me as obvious that our current economic crisis was almost wholey caused by conservative policies of the past 40 years. The fault of the Obama administration has been in not acting radically enough to reverse the effects of those policies.

40 years is hard to erase. The only way that a recovery could have been possible is if the Obama administration had enacted policies so radical that it would have likely thrown this country into a civil war.

Even if extreme policies were enacted and the economy recovered, the conservatives would be saying that it was all an over reaction.

Right now things do not look good, to say the least. If the GOP gains in the next elections, all hope of recovery is lost. Total political grid-lock.

However, even if the Dems gain, it is doubtful that they will implement policies radical enough to turn this around. Count on too little, too late.

The problem is:

40 years of trickle up economics have depleted the wealth of the vast majority of the American people (despite the fact the Americans produce 24% of the world's wealth).

This is one reason why the stimulus didn't work as well as expected. All the stimulus money just trickled up to the 1% wealthiest.

The 1% of the people who control all the wealth will not invest unless they make a profit, but they already have all the money and own all the assets, so now there isn't really any more money to be made.

Only policies that will severely change the distribution of the wealth throughout the world are going to change this.

Otherwise, it looks like we're in for hell for the long haul.

 

[Avorysuds]

The republiKlans here will be exploding heads if obama beats their next fat old white good ole boy.

And the racist bigot can't hold back. Grats you brought the thread down a few notches.

 

[jillian]

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



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?



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.

i'll just respond to a couple of things... like your comment that 'seems obama made an error'.

i seem to recall bush being president when TARP was passed. just saying.

And apparently most states and the federal government agree that people shouldn't be able to be victimized by financial institutions. that whole caveat emptor thing is so 1800's.... we're a bit more sophisticated now. or we were.

just as a visual, them coming on three separate private jets looked really bad when they were begging for us to save their butts....

and since when can't business people fly commercial? if it's on their dime, who cares... on mine? well... i say let them take Amtrack.

What other business takes wild risks with their money and knows it can look to us when their gambling doesn't pay off? Problem is they do know they're too big to fail.

And i haven't yet seen anything indicating Obama is hostile to business... in fact, i haven't seen him take much of a tough stand against business at all.

 

[NYcarbineer]

In practically every good sized city in this country, you can find shopping malls/centers built where factories/mills used to be.

We don't make things anymore, we just use things that other people in other countries make. A society that operates like that is bound to have unemployment/underemployment problems woven into its fabric.

Ironically, we got told for years that we (the people) were spending too much, borrowing too much, saving too little;

now that's changed some - people are spending and borrowing less, and saving more -

and now THAT'S a problem.

So, in short, we're fucked either way. We'll just keep being fucked, and electing politicians who'll claim they can fix it all, and they won't, and we'll throw them out and elect another bunch of politicians who'll make the same claim, and they'll fail

and so on and so on...

 

[Richard-H]

What people don't seem to realize is that in real life capitalism is an awful lot like the game 'Monopoly':

In the end somebody owns all the properties, all the houses and buildings, and has all the money. Then: GAME OVER!

 

[Avorysuds]

What people don't seem to realize is that in real life capitalism is an awful lot like the game 'Monopoly':

In the end somebody owns all the properties, all the houses and buildings, and has all the money. Then: GAME OVER!

Uhhh what?