Obama: Abject Failure

PoliticalChic

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The following is the 'smoking gun,' the proof that Obama's economic policies...which boil down to 'spreading the wealth,' are the total failure that has been the hallmark of this wind-bag's endeavors.

Many have pointed out that this has been slowest of recoveries from recession....but the following will be starkly reveling of exactly how much of a failure it has been.




1. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession

2. President Obama likes to talk about income inequality, but what matters far more is the actual income of the typical American. And how has the typical American household income fared on Obama's watch? .... the typical American household income has not only dropped—it has dropped more than twice as much as it did during the recession.

3. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.





4. ....During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098).

a. ...the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.







5. ...these income tallies include government payouts such as unemployment compensation and cash welfare. So Obama's method of funneling ever-more money and power to Washington, and then selectively divvying some of it back out, clearly isn't working...

a. Nor would his proposed immigration bill help the income prospects of the median American.




6. ... the span of time over which the typical American household's income has dropped by about $2,400 a year (during an ostensible "recovery") corresponds almost exactly with the span of time that we've been living with the looming specter of Obamacare—...."
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard






Wow....." median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession."

Gee....almost as good a job as he's done in foreign policy.




OK.....he's the second greatest failure of our time....second only to the Obama voters who still support him.




Who voted for this incompetent????

Oh...right....other incompetents.
 

Moonglow

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.
 
OP
PoliticalChic

PoliticalChic

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.

The same ploy....again????

All you Left-leaners can do is try to change the subject.

This OP proves that, both, Obama is an incompetent, as are the Obama supporters....raise your paw.



Let's compare with a real President:

"In "The End of Prosperity," supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001.

They wrote:

"We call this period, 1982-2007, the twenty-five year boom-the greatest period of wealth creation in the history of the planet. In 1980, the net worth-assets minus liabilities-of all U.S. households and business ... was $25 trillion in today's dollars. By 2007, ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."
http://theccpp.org/2011/05/reaganomics-vs-obamanomics-facts-and-figures-1.html



I'm certain that none of you apologists would like to compare President Reagan's foreign policy success with Benghazi-Obama's.
 

Spoonman

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I have one simple question. if libs have fixed the economy like they claim, why are they still bitching about all these people on unemployment the republicans are trying to screw by not extending unemployment benefits?
 

Moonglow

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.

The same ploy....again????

All you Left-leaners can do is try to change the subject.

This OP proves that, both, Obama is an incompetent, as are the Obama supporters....raise your paw.



Let's compare with a real President:

"In "The End of Prosperity," supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001.

They wrote:

"We call this period, 1982-2007, the twenty-five year boom-the greatest period of wealth creation in the history of the planet. In 1980, the net worth-assets minus liabilities-of all U.S. households and business ... was $25 trillion in today's dollars. By 2007, ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."
http://theccpp.org/2011/05/reaganomics-vs-obamanomics-facts-and-figures-1.html



I'm certain that none of you apologists would like to compare President Reagan's foreign policy success with Benghazi-Obama's.
Lebanon was such a success.

To understand where our new Wealth Creation model is heading, we must explore from where it derives. There have been three great ages of wealth creation during the history of the United States. These are the American Revolution, the Industrial Revolution and the Tech Revolution.
http://www.valentinecapitalassetmanagement.com/historyofwealth.html

Reagan did not create Silicon Valley, or the tech revolution.

In 1957, decades before Steve Jobs dreamed up Apple or Mark Zuckerberg created Facebook, a group of eight brilliant young men defected from the Shockley Semiconductor Company in order to start their own transistor business.
http://www.pbs.org/wgbh/americanexperience/films/silicon/

Do you have an alter for Reagan your perfect man?
 
Last edited:
OP
PoliticalChic

PoliticalChic

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.

The same ploy....again????

All you Left-leaners can do is try to change the subject.

This OP proves that, both, Obama is an incompetent, as are the Obama supporters....raise your paw.



Let's compare with a real President:

"In "The End of Prosperity," supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001.

They wrote:

"We call this period, 1982-2007, the twenty-five year boom-the greatest period of wealth creation in the history of the planet. In 1980, the net worth-assets minus liabilities-of all U.S. households and business ... was $25 trillion in today's dollars. By 2007, ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."
http://theccpp.org/2011/05/reaganomics-vs-obamanomics-facts-and-figures-1.html



I'm certain that none of you apologists would like to compare President Reagan's foreign policy success with Benghazi-Obama's.
Lebanon was such a success.



Changing the subject again?


Great.


Proves what an unmitigated success my post, and Reagan's policies, are.


Remember, you shouldn’t drink on an empty head.
 

iamwhatiseem

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.
The top 1% shouldn't have been bailed out by US tax dollars.
It was this administration that paid 100 cents on the dollar to bail out the toxic investments.
Why did they do that?
 
OP
PoliticalChic

PoliticalChic

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.
The top 1% shouldn't have been bailed out by US tax dollars.
It was this administration that paid 100 cents on the dollar to bail out the toxic investments.
Why did they do that?

What is this bête noire you guys call the top 1%?

Bet you don't even know what that entails.
 
OP
PoliticalChic

PoliticalChic

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Which is it? The govt. makes jobs and sets income guidelines or corporations and self employed do?

The top 1% should be spreading the wealth they were given by US tax dollars.

The same ploy....again????

All you Left-leaners can do is try to change the subject.

This OP proves that, both, Obama is an incompetent, as are the Obama supporters....raise your paw.



Let's compare with a real President:

"In "The End of Prosperity," supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001.

They wrote:

"We call this period, 1982-2007, the twenty-five year boom-the greatest period of wealth creation in the history of the planet. In 1980, the net worth-assets minus liabilities-of all U.S. households and business ... was $25 trillion in today's dollars. By 2007, ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."
http://theccpp.org/2011/05/reaganomics-vs-obamanomics-facts-and-figures-1.html



I'm certain that none of you apologists would like to compare President Reagan's foreign policy success with Benghazi-Obama's.
Lebanon was such a success.

To understand where our new Wealth Creation model is heading, we must explore from where it derives. There have been three great ages of wealth creation during the history of the United States. These are the American Revolution, the Industrial Revolution and the Tech Revolution.
History of Wealth Creation

Reagan did not create Silicon Valley, or the tech revolution.

In 1957, decades before Steve Jobs dreamed up Apple or Mark Zuckerberg created Facebook, a group of eight brilliant young men defected from the Shockley Semiconductor Company in order to start their own transistor business.
Silicon Valley . American Experience . WGBH | PBS

Do you have an alter for Reagan your perfect man?


You didn't post anything that disproved what a value Reagan's policies were for every American.....


Here's some more:

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.

George Gilder: The Real Reagan Lesson for Romney-Ryan - WSJ.com

Reaganomics - Wikipedia, the free encyclopedia



How ya' like dat...boooyyyyyeeeee?
 

Moonglow

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The same ploy....again????

All you Left-leaners can do is try to change the subject.

This OP proves that, both, Obama is an incompetent, as are the Obama supporters....raise your paw.



Let's compare with a real President:

"In "The End of Prosperity," supply side guru Art Laffer and Wall Street Journal chief financial writer Steve Moore point out that this Reagan recovery grew into a 25-year boom, with just slight interruptions by shallow, short recessions in 1990 and 2001.

They wrote:

"We call this period, 1982-2007, the twenty-five year boom-the greatest period of wealth creation in the history of the planet. In 1980, the net worth-assets minus liabilities-of all U.S. households and business ... was $25 trillion in today's dollars. By 2007, ... net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."
http://theccpp.org/2011/05/reaganomics-vs-obamanomics-facts-and-figures-1.html



I'm certain that none of you apologists would like to compare President Reagan's foreign policy success with Benghazi-Obama's.
Lebanon was such a success.



Changing the subject again?


Great.


Proves what an unmitigated success my post, and Reagan's policies, are.


Remember, you shouldn’t drink on an empty head.
Is that the same as drinking out of a skull?
 
OP
PoliticalChic

PoliticalChic

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Moonglow

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Reason for poor economy:
Administration critics blame excessive regulation and uncertainty about future tax and budget policy for discouraging growth. But most of the things that are preventing a normal economic rebound are really beyond the government’s control, such as the state of the housing market. And as long as the federal government has to reduce the deficit – whether that is done by cutting spending or raising taxes – there will be a drag on the economy
Read more: Before State of the Union, Analyzing Why the U.S. Economy Isn't Growing Faster | TIME.com Before State of the Union, Analyzing Why the U.S. Economy Isn't Growing Faster | TIME.com

Reagan increased the size of govt.
 

Moonglow

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PoliticalChic

PoliticalChic

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Reason for poor economy:
Administration critics blame excessive regulation and uncertainty about future tax and budget policy for discouraging growth. But most of the things that are preventing a normal economic rebound are really beyond the government’s control, such as the state of the housing market. And as long as the federal government has to reduce the deficit – whether that is done by cutting spending or raising taxes – there will be a drag on the economy
Read more: Before State of the Union, Analyzing Why the U.S. Economy Isn't Growing Faster | TIME.com Before State of the Union, Analyzing Why the U.S. Economy Isn't Growing Faster | TIME.com

Reagan increased the size of govt.


1. Spin…altering the truth without altering the facts.


2. In effect, by trying to spin the truth, you've effectively verified my premise"

Obama....failure

Reagan....economic whiz!



So....in your endeavor, you've been as useful as a kickstand on a horse.
 
OP
PoliticalChic

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Is that the same as drinking out of a skull?




You have things so backwards one almost has to be dyslexic to understand you.
Just use your Boy Scout pocket mirror /solar eclipse gazer/ fire starter mirror to read it then.


You're getting dangerously close to a subject I don't like discussing.....
I’m warning you: I had to kill someone, once- and it bothers me every day of
my life- but if I don’t want Girl Scout Cookies, I don’t want ‘em!
 

Indeependent

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PC...
A Republican, thus logical.
Most Republicans I know, and I know many...Are quite happy with their Portfolios.

So PC, did your Logic elude you and your Portfolio, based on cheap Foreign Labor, isn't quite working out for you?

When are you going to figure out that neither party is interested in anything but their own Investments?
 
OP
PoliticalChic

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jasonnfree

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I have one simple question. if libs have fixed the economy like they claim, why are they still bitching about all these people on unemployment the republicans are trying to screw by not extending unemployment benefits?
The economy is not as healthy as it could be but the meltdown when the republicans were in was like the sinking of the titanic. So we have Obama trying raise the titanic and the republicans are scheming to make him a failure from day one. Sort of treasonous, no?
Still, things are much better now that we have an adult at the helm again.
 

gipper

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If Big Ears was an R, the Ds would be demanding impeachment because he has enriched the rich and impoverished everyone else.
 

expat_panama

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...the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession...
imho the big policy shifts began with the 110th congress. They were the ones with the min. wage hikes, the tax'n'spending budgets, etc. When they took over in Jan. 2007 the real median household income --which had reached a new high after having fallen before the '03 tax cuts--

Real Median Household Income in the United States
Economic Research Division
Federal Reserve Bank of St. Louis

January 1, 2001 ………… $54,766
January 1, 2002 ………… $54,127
January 1, 2003 ………… $54,079
January 1, 2004 ………… $53,891
January 1, 2005 ………… $54,486
January 1, 2006 ………… $54,892
January 1, 2007 ………… $55,627
January 1, 2008 ………… $53,644
January 1, 2009 ………… $53,285
January 1, 2010 ………… $51,893
January 1, 2011 ………… $51,100
January 1, 2012 ………… $51,017
--is now down eight percent.
...The economy is not as healthy as it could be but the meltdown when the republicans were in was like the sinking of the titanic...
Opinions about would've-could've-should've are fun but they don't do anything. Reality is that we'd had years of income growth, the 'meltdown' began with the 110th congress, and income's have been falling faster since '09.
 

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