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Obama likely overestimated his own presidential abilities to affect the economy. Ironic as you seem to have believed Obama was going to fix everything too, otherwise your many threads on how much Obama has not fixed the economy would not exist.
That rings true.
Note how conservatives contradict themselves? They say that government shouldn't interfere with the economy, yet blame Obama for not fixing the economy and further claim that Romney will magically create millions of jobs when Romney advocates the same policies that Bush implemented which failed to produce those jobs.
If insanity is doing the same thing over and over and expecting different results, then conservatives are insane.
Oh, I hear it now, conservatives are going to post: "But Obama failed and you want to repeat his failure."
The only thing that Obama failed at was not being bold enough. His stimulus was mild considering the size of the slump and produced predictably mildly positive results.
We got them on welfare right where Obama wants them.
You got it baby! Obama wants them helpless and dependent, the way he likes it?
No rocket scientist needed, eyes and ears, and looking around at what businesses are doing, so many have closed, or a good portion of stores are closing. That is not because of a good economy.
All it takes, is looking around at who still has a job, and how many are unemployed under this President, way too many. In my tapes of him in 2008 yes we taped every word of his, so we could play him back. He said that he would bring much needed job creation, really now, where in the hell is it.
He said he would bring unity to all of Americans, really now, seems with him, there are some that are more special then others! He also stated, he would eliminate our debt, what a freaking joke?
Being known as a welfare Nation, and a Nation of food stamps is nothing to be proud of believe me, that is part of his plan. Wake up and smell that spiked coffee some of you are drinking!
I'm not a big Obama fan, but none of this is really his fault, you know.
It's all about people using their houses as ATMs and getting rich by flipping properties. And Wall Street swindlers developing risk-wagering financial schemes that sucked trillions out of our economy.
And (pick your villain) 1. public sector unions using Democratic politicians as their personal errand boys to bankrupt the states and the Fed, and 2. corporations using Republican politicians to dismantle work rules, create tax incentives for the already wildly rich, and ship millions of jobs overseas.
Obama's a hack. But so was Bush. And so is Romney.
Back in February 2009, the Obama Administration promised the American public that after their nearly trillion dollar stimulus took effect, the unemployment rate would drop down to 5.2% at the end of his first term.
Today it’s at 8.3%.
The White House's famous graph projecting with and without the stimulus:
Obama tried to convince America that they could spend their way out of recession.
The famed Rosy Scenario, coined in the early days of the Reagan White House when large tax cuts and higher defense spending were assumed to be paid for in part by strong economic growth, is a cornerstone of the Obama administration’s first multiyear budget.
After contracting at a 1.2% rate in 2009, a more modest drop than the Congressional Budget Office and Blue Chip Consensus forecasts assume, the White House sees growth domestic product growth snapping back by 3.2% next year and then 4% or higher the three years after that.
........................
The unemployment rate at the end of President Barack Obama‘s term in 2013 will be just 5.2%,according to the White House. The rate currently sits at 7.6%, and many economists expect it to climb past 9% before the recession ends. A report Thursday showing jobless claims at a 26-year high supports the more pessimistic forecasts, at least in the short run.
If Obama was working in the private sector he would have been canned a long time ago.
Almost 4 years ago, Obama promised that with a stimulus, unemployment would not go above 8%. Its 8.3% now. His record on jobs is a total failure.
If insanity is doing the same thing over and over and expecting different results, then conservatives are insane.
His stimulus was mild considering the size of the slump and produced predictably mildly positive results.
See below...
Quote:
Originally Posted by gsupstate
Almost 4 years ago, Obama promised that with a stimulus, unemployment would not go above 8%. Its 8.3% now. His record on jobs is a total failure.
MTAtech, What do you say about Obama pushing for more stimulus? Did he forget a few friends and supporters when he distributed the first stimulus? Or, wasn't that enough $$ to go around?
You all say it worked ("predictably mildly positive results' -- if it was so predictable, he should have known that!) but it didn't work. It went to support buddies and favorite green projects that went bust - bankruptcies which the administration knew were likely - GE, cars in Finland and you name it. How many GM people did Obama put out of work? And he wants to do it all over again?
Perhaps the low growth has to do with all of the regulations in the first three years of the Obama administration. One can hardly wait, until after he is reelected, when as he told then Russian President, "Tell Putin I will have more flexibility." Oh yeah, I can hardly wait.
That's an excellent reminder about his words to Putin.
Quote:
Originally Posted by earthlyfather
You are lazy. All of 20 seconds to type in the google search, "sebelius welfare work waiver", hit enter and scads of results. On simple sample. There are plenty, take your pick.
CNSNews.com) – In a bid to expand federal welfare rolls, Health and Human Services Secretary Kathleen Sebelius claimed on Thursday that HHS had the authority to waive the key requirement in President Clinton’s welfare reform law – the requirement that beneficiaries find and maintain a job
Clinton's welfare reform bill was something that received good support from both Congressional parties. Both Republicans and Democrats came together to make it happen. It was a good bill. Obama shouldn't have tinkered with it. He's just buying more votes (he hopes). The man must think this is government of, for and by Obama, not nof, for and by the people. He uses executive orders to circumvent Congress.
MTAtech, What do you say about Obama pushing for more stimulus? Did he forget a few friends and supporters when he distributed the first stimulus? Or, wasn't that enough $$ to go around?
You all say it worked ("predictably mildly positive results' -- if it was so predictable, he should have known that!) but it didn't work. It went to support buddies and favorite green projects that went bust - bankruptcies which the administration knew were likely - GE, cars in Finland and you name it. How many GM people did Obama put out of work? And he wants to do it all over again?
Now, what was your definition of insanity?
If you're going to complain about Obama's stimulus, at least show that you know what you're talking about. The "cars in Finland" myth has been debunked. Now, who exactly are these buddies and what are these failed green projects?
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