Cantor pulls out of Biden debt talks

[boedicca]

after the Obama Administration claimed it would peak at 8% if the Stimulus Bill were passed.

Obama never claimed that and you will never find a source backing you up.

I said the Obama Administration, you Barking Moonbat.

Christine Romer, who was Obama's chief economist, made that prediction as she shilled for the Stimulus Bill.

Facing increased skepticism from both parties about the details of his economic stimulus proposal, President-elect Barack Obama and his team yesterday laid out new claims regarding the $775 billion package, saying that 90 percent of the jobs produced would be in the private sector, including hundreds of thousands in construction and manufacturing.

Obama used his weekly radio address to continue his pre-inaugural campaign to build momentum for passage of the stimulus package, saying: "The jobs we create will be in businesses large and small across a wide range of industries. And they'll be the kind of jobs that don't just put people to work in the short term, but position our economy to lead the world in the long term."

To buttress Obama's points, two of his top economic advisers released yesterday an analysis of the president-elect's plan. The report carried the grim prediction that, while millions of jobs would be created or saved through the stimulus package, the unemployment rate would be little improved by the end of 2010 from the 7.2 percent at the end of last month -- the nation's highest rate since 1993. The advisers also warned that, without passage of the stimulus plan, unemployment could reach 9 percent.

(snip)

The report from Obama economic advisers Jared Bernstein and Christina Romer defended against some of the criticism from lawmakers. It acknowledged that tax cuts "are likely to create fewer jobs than direct increases in government purchases," but the economists said that there was a limit to how much government investment could be done over the two-year time frame of the stimulus package. ..

http://www.washingtonpost.com/wp-dy...10/AR2009011001999_2.html?sid=ST2009011100069


And here is a PDF of the actual report. One can find the now infamous graph on page 4.

http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf

 

[Shogun]

And people wonder why no one trusts obama's administration to handle it anymore.

I guess you can always outsource it to India and then strike a "who, me?!" pose when blaming Obama for a shitty economy.

 

[Mustang]

Obama pursued policies that propped up bloated state and local public employee union jobs, pulled forward consumption for cars and houses to the detriment of future markets, waste money on not shovel ready endeavors, increased unemployment, retarded economic growth...all for the price tag of $Ts more of debt.

That's not the kind of Stimulus we needed.

LOL! You don't know shit about economics, do you?

 

[PLYMCO_PILGRIM]

And people wonder why no one trusts obama's administration to handle it anymore.

I guess you can always outsource it to India and then strike a "who, me?!" pose when blaming Obama for a shitty economy.

No thanks.

I prefer to leave the control in the United States and hold the Administration, also known as the presidents economic advisors, responsible for the HORRIBLE decisions they have been making as far as the long term economy goes.

 

[LadyGunSlinger]

after the Obama Administration claimed it would peak at 8% if the Stimulus Bill were passed.

Obama never claimed that and you will never find a source backing you up.

Don't look now but you just got caught lying your ass off AGAIN..

Opinion
Why Obama Will Likely Lose the 2012 Presidential Election

By Karl Rove

Published June 23, 2011

| The Wall Street Journal

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President Barack Obama is likely to be defeated in 2012. The reason is that he faces four serious threats. The economy is very weak and unlikely to experience a robust recovery by Election Day. Key voter groups have soured on him. He's defending unpopular policies. And he's made bad strategic decisions.

Let's start with the economy. Unemployment is at 9.1%, with almost 14 million Americans out of work. Nearly half the jobless have been without work for more than six months. Mr. Obama promised much better, declaring that his February 2009 stimulus would cause unemployment to peak at 8% by the end of summer 2009 and drop to roughly 6.8% today.

Read more: Why Obama Will Likely Lose the 2012 Presidential Election - FoxNews.com

 

[PLYMCO_PILGRIM]

Obama pursued policies that propped up bloated state and local public employee union jobs, pulled forward consumption for cars and houses to the detriment of future markets, waste money on not shovel ready endeavors, increased unemployment, retarded economic growth...all for the price tag of $Ts more of debt.

That's not the kind of Stimulus we needed.

LOL! You don't know shit about economics, do you?

@ mustang

why laugh, because you sound silly.

 

[DontBeStupid]

I said the Obama Administration, you Barking Moonbat.

Christine Romer, who was Obama's chief economist, made that prediction as she shilled for the Stimulus Bill.

Yeah, and she made it prior to Obama being in office. So, you want to hold Obama responsible for something someone said prior to his being in office??

Wow. Petty much?

 

[Trajan]

after the Obama Administration claimed it would peak at 8% if the Stimulus Bill were passed.

Obama never claimed that and you will never find a source backing you up.

don't be stupid huh?

Unemployment Worse With Stimulus Than Without It | All American Blogger

this was HIS admins plan? this was his answer to unemployment? This IS him telling us the heavens will fall if we don't give him stimulus his plan asks for?

 

[bripat9643]

This morning we find out that House Majority leader Eric Cantor is withdrawing from negotiations over the debt ceiling talks, citing the dems unwillingness to move from thir stance on tax hikes. Cantor says a tax hike cannot pass the House and so he pulled out of the meetings.

My opinion, he can spout off about it, but walking away does not look good. Reminds me of the dems that left Wisconsin or Indiana a little bit, you're supposed to keep fighting and talking rather than quit. I'm sure this is an attempt to apply political pressure on the president, McConnell is already saying the president has to lead. Maybe it makes political sense, but could backfire if the public's perception is that the GOP is being too stubborn and uncooperative. People want results not finger pointing.

Do you want the government to raise taxes?

 

[mudwhistle]

Reminds me of when Hatch (R) walked- out/quit. "Bi-partisan" means just that. It wasn't called a tax-cut commission Whatever the question to a conservative, the answer is always 'tax-cuts' Why do conservatives idolize "quitters"?

Nope. The only answer is spending cuts.

So the Dems propose more stimulus.

 

[DontBeStupid]

Opinion
Why Obama Will Likely Lose the 2012 Presidential Election

By Karl Rove

LOL!!

So, Karl Rove's opinion makes it proven fact??

Wow!! You are delusional.

 

[LadyGunSlinger]

Opinion
Why Obama Will Likely Lose the 2012 Presidential Election

By Karl Rove

LOL!!

So, Karl Rove's opinion makes it proven fact??

Wow!! You are delusional.

It's not his opinion braindead.. IT'S A FACT and he has the links and quotes to back it up, you lying hack. You're making this too easy.. honestly, is this the best libs have?? Some half-wit who can't lie worth a damn? TRY READING..

 

[mudwhistle]

Why cutting defense spending isn't on the table shows a total lack of balls by our leaders in Washington.
The Pentagon probably has more waste than any other governmental agency. The US spends more on defense than the entire world combined. The Military Industrial Complex is alive and well and is thriving.
Secondly, Rightwinger is 100% right, there should be sacrifices by all. Has Corporate America been asked to sacrifice? How about the wealthy? No and no. Their little pawns in Washington have made sure that these two entities slide through the budget cuts unscathed. Hell, there is movement in Washington that actually puts more money in the pockets of those who need it the least at the expense of Main Street America.
If the GOP ever cut it's umbilical cord from the rich and powerful, maybe this country could move forward, but noooooo. Facts speak volumes.
The Dems aren't much better, how about more welfare reform? How about cutting funding for the arts? How about trimming the fat in all governmental departments? How about readdressing entitlement programs? Are the Dems willing to make those cuts? NO!
The only way we're going to solve this countries problems is for both parties to compromise. It's too bad that playing politcal games is much, much more important than fixing our economy.

If Obama would quit bombing Ragheads then apologizing for it we could pull out.

He's prolonging wars that should have been over with long ago....including Libya.

We can compromise once the debt is manageable......no sooner.

 

[LadyGunSlinger]

http://www.politifact.com/truth-o-m...bama-said-stimulus-would-cap-unemployment-8-/


CHOKE ON IT..

 

[DontBeStupid]

don't be stupid huh?

Unemployment Worse With Stimulus Than Without It | All American Blogger

Awesome link. Thanks. Funny stuff. I like how the author made the same claim that Obama said unemployment wouldn't go over 8%, and then proceeded to offer no link or source or video backing up that claim.

Probably because they don't exist.

 

[LadyGunSlinger]

don't be stupid huh?

Unemployment Worse With Stimulus Than Without It | All American Blogger

Awesome link. Thanks. Funny stuff. I like how the author made the same claim that Obama said unemployment wouldn't go over 8%, and then proceeded to offer no link or source or video backing up that claim.

Probably because they don't exist.

What's it like to be thoroughly owned in a thread?? MORON.

 

[PLYMCO_PILGRIM]

after the Obama Administration claimed it would peak at 8% if the Stimulus Bill were passed.

Obama never claimed that and you will never find a source backing you up.

http://otrans.3cdn.net/ee40602f9a7d8172b8_ozm6bt5oi.pdf <----from the president's own team.

 

[DontBeStupid]

http://www.politifact.com/truth-o-m...bama-said-stimulus-would-cap-unemployment-8-/


CHOKE ON IT..

From the article you linked ...

"we could find no instance of anyone in the administration directly making such a public pledge. "

So, there's that, which basically proves my point. Thanks. Oh, and thanks for this, from the article as well ...

"Forecasts of the unemployment rate without the recovery plan vary substantially. Some private forecasters anticipate unemployment rates as high as 11% in the absence of action."

So, my bad about that. I thought it was 12% and it was 11%. Thanks for correcting me.

 

[LadyGunSlinger]

after the Obama Administration claimed it would peak at 8% if the Stimulus Bill were passed.

Obama never claimed that and you will never find a source backing you up.

http://otrans.3cdn.net/ee40602f9a7d8172b8_ozm6bt5oi.pdf <----from the president's own team.

I knew libs were typically ignorant but this one gives new meaning to, "Plantation Democrat."

 

[DontBeStupid]

http://otrans.3cdn.net/ee40602f9a7d8172b8_ozm6bt5oi.pdf <----from the president's own team.

Prior to their being a team. Plus, I see no promises made there.

Dude, this has already been addressed. Try to keep up.