Chart of the Day: Obama's Economy by the Numbers

[editec]

The problem is that Obama isn't turning the economy at all. It's continuing on its current trajectory.

Yeah, I can get behind that senitment



I'm not especially thrilled with what he's doing either. But let me ask you, did you call it class warfare when Bush II gave the richest people in the world enormous tax cuts?

I think you probably did not.

But that is no less CLASS WARFARE than Obam's mistken notion that we need to solve the national debt by increasing taxes on the aflluent and stupendously wealthy.

Both were/are BAD ideas for the times in which they were/will be initiated

It's not my fault your lives are miserable, it's those rich people.

Why?

Why add that silly non sequitur when you had been making so much sense?

To the last point first, if that is what the Big 0 reapeats every time he gets a microphone in his hand, it's not a nonsequitor. It is the National Position of the United States of America. Well, okay, it might still be a nonsequitor.

Okay political hyperbole is what it is, I guess.

Giving a tax cut to everone is not favoritism. If that includes the rich, then it does. The last time I checked, a rich person and a poor person both meet the cut me and I bleed standard of humanity.

Giving a tax cut of a pennies to one group and billions to another is the net outcome of the Bush II tax policies. Telling yourself that that is fair, is one approach, I suppose. Or screaming that is class warfar anoher approach. Whatever you call it, however you describe it, the OUTCOMES of it are apparent.

However, allowing the rich to avoid a tax that the rest of us are forced to pay is favoritism. Why do the rich stop contributing to Social Security after the top end limit of about 105,000 dollars of income?

That's a reasonable question.

Perhaps the answer is that because Social Security payments ALSO have a top limit?

Also, allowing anyone to avoid Federal tax altogether is a travesty. That, also, is favoritism.

If by favoritism you mean "One cannot squeeze blood out of a stone" I guess I can live with that.

Does the Big 0 own these numbers? Yes, he does.

ACtually no he doesn't. Both those complaints you just mentioned existed BEFORE he took office. They also existed before BUSH II took office.

He has spent about 5 Trillion of the Nation's wealth to change these numbers and all he has done is worsen them. He is clueless and inept and he does not know what he's trying to do, how to to accomplish what he needs to do and who might aid him in getting it done.

I'm not ENTIRELY on board with the sentiment

all he has done is worsen them

Take this months employment numbers for example. The private secotor is making SOME jobs. Most of the LOST jobs that are happening are actually coming out of the PUBLIC sector.

Now remind me, who wants to eliminate jobs in the public sectors? The Rs or the Ds?

He attacks potential allies and supports real enemies of what should be his goals.

He is failing to make things better while he is achieving implementation of each and every one of his tractics.


He is a chef who thinks cyanide is a flavor enhancer.

I cannot respond to your impressions of what is going on.

When it comes to personal fact free opinions there really is no point in debate.

If you want to agument any of those opinions with facts to support them we can discuss them.

 

[CrusaderFrank]

Obama's been an economic disaster so his Fluffers need to work oh so much harder

 

[Oldstyle]

Yeah, I can get behind that senitment



I'm not especially thrilled with what he's doing either. But let me ask you, did you call it class warfare when Bush II gave the richest people in the world enormous tax cuts?

I think you probably did not.

But that is no less CLASS WARFARE than Obam's mistken notion that we need to solve the national debt by increasing taxes on the aflluent and stupendously wealthy.

Both were/are BAD ideas for the times in which they were/will be initiated



Why?

Why add that silly non sequitur when you had been making so much sense?

Okay political hyperbole is what it is, I guess.



Giving a tax cut of a pennies to one group and billions to another is the net outcome of the Bush II tax policies. Telling yourself that that is fair, is one approach, I suppose. Or screaming that is class warfar anoher approach. Whatever you call it, however you describe it, the OUTCOMES of it are apparent.



That's a reasonable question.

Perhaps the answer is that because Social Security payments ALSO have a top limit?





If by favoritism you mean "One cannot squeeze blood out of a stone" I guess I can live with that.





ACtually no he doesn't. Both those complaints you just mentioned existed BEFORE he took office. They also existed before BUSH II took office.





I'm not ENTIRELY on board with the sentiment



Take this months employment numbers for example. The private secotor is making SOME jobs. Most of the LOST jobs that are happening are actually coming out of the PUBLIC sector.

Now remind me, who wants to eliminate jobs in the public sectors? The Rs or the Ds?

He attacks potential allies and supports real enemies of what should be his goals.

He is failing to make things better while he is achieving implementation of each and every one of his tractics.


He is a chef who thinks cyanide is a flavor enhancer.

I cannot respond to your impressions of what is going on.

When it comes to personal fact free opinions there really is no point in debate.

If you want to agument any of those opinions with facts to support them we can discuss them.

It isn't so much that Republicans want to eliminate jobs in the public sector...it's that they don't want to maintain those jobs by spending billions of borrowed money like we did in Obama's original stimulus and what he wants to do again in Stimulus II. We desperately need to cut government spending yet every time the Republicans try to do so, Democrats accuse them of wanting to put teachers, firemen and cops out of work. Threatening to cut THOSE jobs is how big government protects itself. If you've got an educational system bloated with administrators and programs that should be eliminated the system will protect itself by cutting the jobs of teachers first, trying to make it as painful on the public as possible so parents won't support the cuts. Close down the parks to punish the taxpayers. Raise fees to punish the taxpayers. Cut the hours of governmental agencies to punish the taxpayers. In short do everything you can to make the public's life as uncomfortable as possible without actually cutting the waste out of government.

 

[Full-Auto]

Yes, trajectory is the right word. We face the trajectory Obama and the Democrats put us on OR the trajectory Teapublicans will take us if they gain enough power.

the CBO lays it out perfectly clear...CRYSTAL.

Federal Debt Held by the Public Under CBO’s Long-Term Budget Scenarios
(Percentage of gross domestic product)

The chart shows 2 scenarios. For all practical purposes, you can call the Extended-Baseline Scenario the Democrat scenario and the Alternative Fiscal Scenario the Teapublican scenario.


The Extended-Baseline Scenario adheres closely to current law. Under this scenario, the expiration of the tax cuts enacted since 2001 and most recently extended in 2010, the growing reach of the alternative minimum tax, the tax provisions of the recent health care legislation, and the way in which the tax system interacts with economic growth would result in steadily higher revenues relative to GDP.

The Alternative Fiscal Scenario
The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates several changes to current law that are widely expected to occur or that would modify some provisions of law that might be difficult to sustain for a long period. Most important are the assumptions about revenues: that the tax cuts enacted since 2001 and extended most recently in 2010 will be extended; that the reach of the alternative minimum tax will be restrained to stay close to its historical extent; and that over the longer run, tax law will evolve further so that revenues remain near their historical average of 18 percent of GDP. This scenario also incorporates assumptions that Medicare’s payment rates for physicians will remain at current levels (rather than declining by about a third, as under current law) and that some policies enacted in the March 2010 health care legislation to restrain growth in federal health care spending will not continue in effect after 2021.

Obama Fluffer says, "it's not THAT bad"

The CBO says it will be a lot worse if Teapublicans get their way. Have mommy read the chart and 'splain it to you.

Airhead! yest you!!! Post the historical accuracy of the CBO.

Idiot!!!

 

[skookerasbil]

The k00ks will fall all over themselves trying to spin the issues..........but who cares anymore?

Gallup has the dick at 38% this am..................

Spin away s0ns..............

 

[Bfgrn]

Obama Fluffer says, "it's not THAT bad"

The CBO says it will be a lot worse if Teapublicans get their way. Have mommy read the chart and 'splain it to you.

Airhead! yest you!!! Post the historical accuracy of the CBO.

Idiot!!!

Denial is not an argument, it is an emotion.

 

[bripat9643]

Terrible numbers.

Of course the fact that you imagine that the sitting POTUS owns these numbers is sort of silly.

It took decades for these events to unfold.

Obama owns his share of it, naturally.

But the economy doesn't turn on a dime.

The momentum our economy has now is the same direction it has taken since the early 1970s.

Let's see, Bush was responsible for 9/11 because "it happened on his watch." He was also responsible for the bursting of the tech bubble because "it happened on his watch." On the other hand, Obama isn't responsible for anything.

 

[bripat9643]

Of course, liberal assumptions about Republican policy are all bullshit. "Spend, spend, spend" is the Democrat solution to every problem. Obama is constantly whining that we aren't spending enough.

If we look at recent history, we have absolutely no reason to believe the deficit will be better under Democrats than under the Republicans.

None.

Yes, trajectory is the right word. We face the trajectory Obama and the Democrats put us on OR the trajectory Teapublicans will take us if they gain enough power.

the CBO lays it out perfectly clear...CRYSTAL.

Federal Debt Held by the Public Under CBO’s Long-Term Budget Scenarios
(Percentage of gross domestic product)

The chart shows 2 scenarios. For all practical purposes, you can call the Extended-Baseline Scenario the Democrat scenario and the Alternative Fiscal Scenario the Teapublican scenario.


The Extended-Baseline Scenario adheres closely to current law. Under this scenario, the expiration of the tax cuts enacted since 2001 and most recently extended in 2010, the growing reach of the alternative minimum tax, the tax provisions of the recent health care legislation, and the way in which the tax system interacts with economic growth would result in steadily higher revenues relative to GDP.

The Alternative Fiscal Scenario
The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates several changes to current law that are widely expected to occur or that would modify some provisions of law that might be difficult to sustain for a long period. Most important are the assumptions about revenues: that the tax cuts enacted since 2001 and extended most recently in 2010 will be extended; that the reach of the alternative minimum tax will be restrained to stay close to its historical extent; and that over the longer run, tax law will evolve further so that revenues remain near their historical average of 18 percent of GDP. This scenario also incorporates assumptions that Medicare’s payment rates for physicians will remain at current levels (rather than declining by about a third, as under current law) and that some policies enacted in the March 2010 health care legislation to restrain growth in federal health care spending will not continue in effect after 2021.

 

[The T]

Terrible numbers.

Of course the fact that you imagine that the sitting POTUS owns these numbers is sort of silly.

It took decades for these events to unfold.

Obama owns his share of it, naturally.

But the economy doesn't turn on a dime.

The momentum our economy has now is the same direction it has taken since the early 1970s.

Let's see, Bush was responsible for 9/11 because "it happened on his watch." He was also responsible for the bursting of the tech bubble because "it happened on his watch." On the other hand, Obama isn't responsible for anything.

Living in a double standard...aka painting yourself into a corner.

Good observation. The left is so proficient at it.

 

[bripat9643]

Chart of the Day: Obama's Economy by the Numbers - Chris Good - Politics - The Atlantic

As long as Republicans continue to obstruct Obama policy they own this economy.

Obama had two years where Republicans had no power to obstruct a thing. He owns this economy as much as any President can.

 

[Full-Auto]

The CBO says it will be a lot worse if Teapublicans get their way. Have mommy read the chart and 'splain it to you.

Airhead! yest you!!! Post the historical accuracy of the CBO.

Idiot!!!

Denial is not an argument, it is an emotion.

So you got nothing........ Just a partisan budget office.

 

[bripat9643]

The whole concept that a POTUS owns the economy or is entirely responsbile for it, is stupid beyond belief!

It's not stupid when that President has veto proof majorities in Congress.

I love the way POTUS has no control over the economy when recessions occur during Democrat Administrations but Republican presidents are responsible for every person collecting unemployment.

 

[bripat9643]

The CBO says it will be a lot worse if Teapublicans get their way. Have mommy read the chart and 'splain it to you.

No it doesn't. Furthermore, the CBO is not the ultimate authority on economics. Mostly it's a gang of political hacks who produce the numbers Congress tells them to produce.

 

[code1211]

The problem is that Obama isn't turning the economy at all. It's continuing on its current trajectory.
In fact, it looks like he isn't even going to bother running on the economy. He's going to play the "class warfare" card and let fly with that.

It's not my fault your lives are miserable, it's those rich people.

And trajectory is the right word. By every meaningful measure, we are not getting better. By every meaningful measure that the the Big 0 held up in his campaign in 2008, he has failed in his administration.

If this dog don't hunt, then maybe we need a new dog.

Yes, trajectory is the right word. We face the trajectory Obama and the Democrats put us on OR the trajectory Teapublicans will take us if they gain enough power.

the CBO lays it out perfectly clear...CRYSTAL.

Federal Debt Held by the Public Under CBO’s Long-Term Budget Scenarios
(Percentage of gross domestic product)

The chart shows 2 scenarios. For all practical purposes, you can call the Extended-Baseline Scenario the Democrat scenario and the Alternative Fiscal Scenario the Teapublican scenario.


The Extended-Baseline Scenario adheres closely to current law. Under this scenario, the expiration of the tax cuts enacted since 2001 and most recently extended in 2010, the growing reach of the alternative minimum tax, the tax provisions of the recent health care legislation, and the way in which the tax system interacts with economic growth would result in steadily higher revenues relative to GDP.

The Alternative Fiscal Scenario
The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates several changes to current law that are widely expected to occur or that would modify some provisions of law that might be difficult to sustain for a long period. Most important are the assumptions about revenues: that the tax cuts enacted since 2001 and extended most recently in 2010 will be extended; that the reach of the alternative minimum tax will be restrained to stay close to its historical extent; and that over the longer run, tax law will evolve further so that revenues remain near their historical average of 18 percent of GDP. This scenario also incorporates assumptions that Medicare’s payment rates for physicians will remain at current levels (rather than declining by about a third, as under current law) and that some policies enacted in the March 2010 health care legislation to restrain growth in federal health care spending will not continue in effect after 2021.

So, in the real world, we are at about 15% real unemployment and the debt is increasing by about a billion and a half dollars each day.

In your dream world, it would be even worse if we weren't doing exactly what is wrecking us right now.

Cue the circus music. The clowns are getting out of the car right now.

 

[code1211]

Chart of the Day: Obama's Economy by the Numbers - Chris Good - Politics - The Atlantic

As long as Republicans continue to obstruct Obama policy they own this economy.

This is accurate in the same way this is: As long as the police try to stop cartel drug imports, they own the drug problem.

 

[code1211]

Yeah, I can get behind that senitment



I'm not especially thrilled with what he's doing either. But let me ask you, did you call it class warfare when Bush II gave the richest people in the world enormous tax cuts?

I think you probably did not.

But that is no less CLASS WARFARE than Obam's mistken notion that we need to solve the national debt by increasing taxes on the aflluent and stupendously wealthy.

Both were/are BAD ideas for the times in which they were/will be initiated



Why?

Why add that silly non sequitur when you had been making so much sense?

Okay political hyperbole is what it is, I guess.



Giving a tax cut of a pennies to one group and billions to another is the net outcome of the Bush II tax policies. Telling yourself that that is fair, is one approach, I suppose. Or screaming that is class warfar anoher approach. Whatever you call it, however you describe it, the OUTCOMES of it are apparent.



That's a reasonable question.

Perhaps the answer is that because Social Security payments ALSO have a top limit?





If by favoritism you mean "One cannot squeeze blood out of a stone" I guess I can live with that.





ACtually no he doesn't. Both those complaints you just mentioned existed BEFORE he took office. They also existed before BUSH II took office.





I'm not ENTIRELY on board with the sentiment



Take this months employment numbers for example. The private secotor is making SOME jobs. Most of the LOST jobs that are happening are actually coming out of the PUBLIC sector.

Now remind me, who wants to eliminate jobs in the public sectors? The Rs or the Ds?

He attacks potential allies and supports real enemies of what should be his goals.

He is failing to make things better while he is achieving implementation of each and every one of his tractics.


He is a chef who thinks cyanide is a flavor enhancer.

I cannot respond to your impressions of what is going on.

When it comes to personal fact free opinions there really is no point in debate.

If you want to agument any of those opinions with facts to support them we can discuss them.

Taken as a group, the private sector is not creating jobs at the rate they have been created pretty consistantly for about 25 years. Something has happened and continues to happen to retard this creation of jobs.

The capital to expand business lays around everywhere uninvested. This also in in contrast to what has been going on pretty consistantly for 25 years. Something has happened and continues to happen to retard the investment of capital.

We have a couple ideas to choose from. Obama is causing this. Obama is powerless to reverse this. Obama does not understand what is happening. I believe he is both incomptetent and ignorant. I don't think he is intentionally hurtful. The outcomes, though, are the same.

What's your opinion? Is he withholding the answers that will work or is he clueless?

 

[francoHFW]

The whole concept that a POTUS owns the economy or is entirely responsbile for it, is stupid beyond belief!

It's not stupid when that President has veto proof majorities in Congress.

I love the way POTUS has no control over the economy when recessions occur during Democrat Administrations but Republican presidents are responsible for every person collecting unemployment.

Veto proof? LOL! The problem is pubs are able to filibuster EVERYTHING, except for FIVE MONTHS. Pure Pubcrappe.

 

[JoeB131]

In fact, it looks like he isn't even going to bother running on the economy. He's going to play the "class warfare" card and let fly with that.

I'm not especially thrilled with what he's doing either. But let me ask you, did you call it class warfare when Bush II gave the richest people in the world enormous tax cuts?

I think you probably did not.

But that is no less CLASS WARFARE than Obam's mistken notion that we need to solve the national debt by increasing taxes on the aflluent and stupendously wealthy.

Both were/are BAD ideas for the times in which they were/will be initiated

Why is letting people keep money they've earned a bad thing? the ironic thing is that working people keep expecting government to do what they should do for themselves.

If you don't like Company A's policies towards it's workers, don't buy their products. That was the real success of the labor movement. It wasn't just the strikes, it was the boycotts that got the plutocrats to play fair. Now we expect the government to do it, and are disappointed when they do it as poorly as they do everything else.

It's not my fault your lives are miserable, it's those rich people.

Why?

Why add that silly non sequitur when you had been making so much sense?

[/QUOTE]

That's what he's running on with his "Buffet Tax" and his attacking plane owners and everything else.

 

[pete]

Terrible numbers.

Of course the fact that you imagine that the sitting POTUS owns these numbers is sort of silly.

It took decades for these events to unfold.

Obama owns his share of it, naturally.

But the economy doesn't turn on a dime.

The momentum our economy has now is the same direction it has taken since the early 1970s.

The problem is that Obama isn't turning the economy at all. It's continuing on its current trajectory.

In fact, it looks like he isn't even going to bother running on the economy. He's going to play the "class warfare" card and let fly with that.

It's not my fault your lives are miserable, it's those rich people.

Incompetence ...
The race card worked so why not use class war fare. After all he adjusted that so well his base should be bigger.

 

[CrusaderFrank]

"We own the economy" -- DNC 7/2011

"Sure we own the economy, but just the 'good' news" -- Obama Fluffers