Explaining The Failure

PoliticalChic

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Oct 6, 2008
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For those of us who warned of what to expect from an untried, unvetted, Leftist ideologue, Obama's abject failure as a President was far from unexpected.

But, Jeffrey Tucker goes into detail.....and is worth reading- but only for those Obama voters who have the ability to learn.


1. "What was the source of the failure? It was the same at the beginning that it was at the end. Despite his intelligence, erudition, earnestness, and public-relations genius, and the mastery of all the Hollywood-style theatrics of the presidency, Obama’s central problem was his failure to address the driving concern of all of American life: the economic quality of our own lives. Because he didn't have a clue what to do about it.

2. [Obama] was greeted with such enthusiasm and unhinged hope .... a cult-like following had already developed among the intellectual and media elite. It was the dawn of a new age, marked by exuberant anticipation of justice, fairness, equality, peace, and sea-to-shining-sea happiness, all of it predicted as a certainty once you consider the sheer intelligence, erudition, and good intentions of the great man." Why Obama Failed | Jeffrey A. Tucker

a. NBC’s Matt Lauer noted that “people” have called Obama “ ‘The Savior,’ ‘The Messiah,’ ‘The Messenger of Change,’ “ Today Show, NBC, October 20, 2008.

b. "Obama is standing above the country, above the world. He's sort of GOD."
"In a way Obama is standing above the country, above the world. He's sort of GOD. He's going to bring all different sides together."
- Newsweek editor Evan Thomas

3. "Now ... we are seeing the dawning of a new reality: Obama failed. The supposed successes such as the Affordable Care Act have become a handful of dust, and we are left with a huge amount of executive orders and signed legislation that seem destined for repeal.
Eight years in office, and there’s not much to show for it. Economic growth never did take off. Hope and change ended in frustration and fear. The last month of the Obama years has been spent in a frenzy to do something, anything, important to secure his place in history: releasing prisoners, imposing new regulations, putting on the final spin." Fee, Op. Cit.

Let's not forget how his presidency eviscerated the very reasons so many voted for him, leaving us with the worst race relations in half a century.



4. "...he did not end persistent economic stagnation. [Unable to shake off his totalitarian upbringing, he] never understood economics and he had very little appreciation for the power of freedom to create wealth and prosperity.

Faced with the economy’s potential collapse as he took office, Mr. Obama devoted his presidency to the economic recovery, starting with restoring the financial sector. But he never made wage stagnation and ....most Americans struggled financially for the whole of his term." Fee, Ibid.

a. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..."http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0


b "....US hourly wages have not only not increased for the past 7 years, but for thevast majority of the labor force continue to decline,.... just the month of August will be enough to provide the Trump - and every other - campaign with enough soundbites and pivot points to last it for weeks on end: namely, that in August a whopping 698,000 native-born Americans lost their job. This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August. .... since December 2007, according to the Household Survey, only 790,000 native born American jobs have been added. Contrast that with the 2.1 million foreign-born Americans who have found a job over the same time period..." 698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart | Zero Hedge

c. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion



There will never be a place for Obama in our nation's history books except for a space between James Buchanan and Jimmy Carter.....the 'Failures' chapter.
 
Obozo voters with an ability to learn?

You went through a lot of trouble to post a thread for 2 people who may not even be on the forum.

 
Tucker forgot the towering hubris of Dear Leader, which diverted him from the fact that his blind adherence to Euroweenie neo-Marxism doesn't work. The combination of ideological inflexibility and inability to learn.
 
"His presidency will end with Democrats in possession of 11 fewer Senate seats (depending on how you count), more than 60 fewer House seats, at least 14 fewer governorships and more than 900 fewer seats in state legislatures than when it began. That’s a staggering toll."
http://www.nytimes.com/2016/11/13/o...est&contentPlacement=1&pgtype=collection&_r=0


5. "....his failed economics agenda drove the party into the ground. Obama ....believed that positive changes on the ground, especially from economic policies and the Affordable Care Act, would succeed, vindicating his judgment and marginalizing his opponents. He truly did believe it would work, whereas anyone with basic economics understanding could foresee that the ACA would fail. Anyone familiar with the history of socialism would know failure was baked into the entire command-and-control apparatus.... the economic recovery effort morphed into bailouts — bank bailouts, auto bailouts, insurance bailouts." Fee, Ibid.


6. This is not just inexperience....it is a form of insanity.
This sort:

"The White House takes pride in the fact that Obama’s PDB is “not briefed to him” – because, they say, he is “among the most sophisticated consumers of intelligence on the planet.” That hubris brings to mind this revealing quote from a September 2008 New York Times profile of Obama:
I think that I’m a better speechwriter than my speechwriters,” Mr. Obama told Patrick Gaspard, his political director, at the start of the 2008 campaign, according to The New Yorker. “I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m going to think I’m a better political director than my political director.”
So it should come as no surprise that apparently Barack Obama thinks he’s a better intelligence briefer than his intelligence briefers." http://www.aei-ideas.org/2012/09/ob...igence-briefer-than-my-intelligence-briefers/


Even today: "Obama Says He Would Have Defeated Trump" http://www.nytimes.com/2016/12/26/us/politics/obama-third-term-donald-trump.html
No understanding of what the loss of 1030 Democrat seats means....



So.....why was Obama such an abysmal failure???
Be serious.
 
Last edited:
"More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html

. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..." http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0



7. Showing the sort of ignorance expected of an ingénue, and prevented from learning due to his Leftist ideology, "the president believed the country’s main challenges were unrealized opportunity for a newly ascendant, multicultural America, rather than the continuing economic struggle experienced by a majority of Americans.
Which is to say that he took wealth creation for granted, as if it were a machine that would run on its own without necessary fuel. His administration saw its job as the one the media and academic elite cheered on: achieving cosmetic gains for the gauzy causes of social justice, cultural inclusion, and progressive government management" Fee, Ibid.
 
Obama: "All hat, and no cattle" Traditional Texas putdown, meaning all talk and no action.



8. “He can be inspiring when talking about how the country ended up being the envy of the world. But when he comes to the part about what he wants to do next, how he wants to keep America the envy of the world, it can sound a little like a State of the Union laundry list.”

A laundry list of policies is pretty much the whole of Obama’s economic thought. He never had a big idea, a mental framework for thinking about economic fundamentals. All the interviews in this period illustrate how brilliance does not come prepackaged with economic understanding. He simply had none.

.... never figured out where wealth comes from, the contribution of freedom to its creation, the role of property rights in securing prosperity, much less how government controls and mandates hold back growth.

Every time these ideas were brought up, he would dismiss them as Reagan-era fictions. Moreover, denouncing trickle-down economics always elicited cheers from all the fashionable people.


[From the start of his presidency, he] had to deal with a fantastic mess of bailouts and monetary interventions that he could not begin to understand. He continued his predecessor’s policies, agreeing with Bush’s zero-tolerance policy toward an economic downturn, [yet, while using Bush's policies.....he kept blaming Bush!] Lacking independent convictions on the topic, Obama outsourced his knowledge to these mainstream conventions with all their pomp and conceit. They failed him and the rest of us completely."
Fee, Ibid.


A man with no experience, no knowledge, and no ability to learn.....and some wonder at the failures.
 
But when the lairs claim Priebus Compared Trump to the messiah, they shait all over themself. LOL!
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
So what you are trying to say is, that Reagan not only doubled the debt, he trebled it..Ok thanks for the 411...
 
For those of us who warned of what to expect from an untried, unvetted, Leftist ideologue, Obama's abject failure as a President was far from unexpected.

But, Jeffrey Tucker goes into detail.....and is worth reading- but only for those Obama voters who have the ability to learn.


1. "What was the source of the failure? It was the same at the beginning that it was at the end. Despite his intelligence, erudition, earnestness, and public-relations genius, and the mastery of all the Hollywood-style theatrics of the presidency, Obama’s central problem was his failure to address the driving concern of all of American life: the economic quality of our own lives. Because he didn't have a clue what to do about it.

2. [Obama] was greeted with such enthusiasm and unhinged hope .... a cult-like following had already developed among the intellectual and media elite. It was the dawn of a new age, marked by exuberant anticipation of justice, fairness, equality, peace, and sea-to-shining-sea happiness, all of it predicted as a certainty once you consider the sheer intelligence, erudition, and good intentions of the great man." Why Obama Failed | Jeffrey A. Tucker

a. NBC’s Matt Lauer noted that “people” have called Obama “ ‘The Savior,’ ‘The Messiah,’ ‘The Messenger of Change,’ “ Today Show, NBC, October 20, 2008.

b. "Obama is standing above the country, above the world. He's sort of GOD."
"In a way Obama is standing above the country, above the world. He's sort of GOD. He's going to bring all different sides together."
- Newsweek editor Evan Thomas

3. "Now ... we are seeing the dawning of a new reality: Obama failed. The supposed successes such as the Affordable Care Act have become a handful of dust, and we are left with a huge amount of executive orders and signed legislation that seem destined for repeal.
Eight years in office, and there’s not much to show for it. Economic growth never did take off. Hope and change ended in frustration and fear. The last month of the Obama years has been spent in a frenzy to do something, anything, important to secure his place in history: releasing prisoners, imposing new regulations, putting on the final spin." Fee, Op. Cit.

Let's not forget how his presidency eviscerated the very reasons so many voted for him, leaving us with the worst race relations in half a century.



4. "...he did not end persistent economic stagnation. [Unable to shake off his totalitarian upbringing, he] never understood economics and he had very little appreciation for the power of freedom to create wealth and prosperity.

Faced with the economy’s potential collapse as he took office, Mr. Obama devoted his presidency to the economic recovery, starting with restoring the financial sector. But he never made wage stagnation and ....most Americans struggled financially for the whole of his term." Fee, Ibid.

a. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..."http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0


b "....US hourly wages have not only not increased for the past 7 years, but for thevast majority of the labor force continue to decline,.... just the month of August will be enough to provide the Trump - and every other - campaign with enough soundbites and pivot points to last it for weeks on end: namely, that in August a whopping 698,000 native-born Americans lost their job. This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August. .... since December 2007, according to the Household Survey, only 790,000 native born American jobs have been added. Contrast that with the 2.1 million foreign-born Americans who have found a job over the same time period..." 698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart | Zero Hedge

c. . Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion



There will never be a place for Obama in our nation's history books except for a space between James Buchanan and Jimmy Carter.....the 'Failures' chapter.
Another winning post from Brooklyn.
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
Reagan won the Cold War. Obama is not strong enough to pull a sick whore off a toilet.
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
Reagan won the Cold War. Obama is not strong enough to pull a sick whore off a toilet.
How could have Reagan won the cold war? The USSR did not go down until 1991...
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
So what you are trying to say is, that Reagan not only doubled the debt, he trebled it..Ok thanks for the 411...


Gads, you're a fool

At the point where Reagan took over, everyone imagined that the Soviet Union was unstoppable, their world domination was inevitable.

Reagan beat them without firing a shot and also left office with this gift for America: a golden age of economic benefits for every American.
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
So what you are trying to say is, that Reagan not only doubled the debt, he trebled it..Ok thanks for the 411...


Gads, you're a fool

At the point where Reagan took over, everyone imagined that the Soviet Union was unstoppable, their world domination was inevitable.

Reagan beat them without firing a shot and also left office with this gift for America: a golden age of economic benefits for every American.
He sure did, he was too busy tucking and running..
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
Reagan won the Cold War. Obama is not strong enough to pull a sick whore off a toilet.
How could have Reagan won the cold war? The USSR did not go down until 1991...


You're unable to recognize the provenance of the Reagan victory over the USSR??

Really?

Well...then you'll certainly never comprehend how FDR was the cause of the Mortgage Meltdown, will you.
 
He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
Reagan won the Cold War. Obama is not strong enough to pull a sick whore off a toilet.
How could have Reagan won the cold war? The USSR did not go down until 1991...


You're unable to recognize the provenance of the Reagan victory over the USSR??

Really?

Well...then you'll certainly never comprehend how FDR was the cause of the Mortgage Meltdown, will you.
I bet with an Ivy League education you can find all kinds of 6th sense correlations for anything...
 
So did Reagan, and other presidents...


Comparing Obama and Reagan is like comparing apples and aardvarks.

1. Reagan purchased a victory over the Soviet Union...



2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html

http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences



Try not to sound so ignorant in the New Year.
Reagan won the Cold War. Obama is not strong enough to pull a sick whore off a toilet.
How could have Reagan won the cold war? The USSR did not go down until 1991...


You're unable to recognize the provenance of the Reagan victory over the USSR??

Really?

Well...then you'll certainly never comprehend how FDR was the cause of the Mortgage Meltdown, will you.
I bet with an Ivy League education you can find all kinds of 6th sense correlations for anything...


Amazing what one realizes with the proper education.

A pity you'll never know.
 

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