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Old 08-24-2010, 08:34 AM
 
Location: Chicagoland
41,321 posts, read 43,477,276 times
Reputation: 7117

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Every one of them. They have failed miserably.

washingtonpost.com

Quote:
"President Obama should ask for - and accept - the resignations of the remaining members of his economic team, starting with Secretary Geithner and Larry Summers, the head of the National Economic Council," Boehner says in the prepared remarks, which are scheduled for delivery at the City Club of Cleveland shortly after 8 a.m.

The mass dismissal, he adds, "is no substitute for a referendum on the president's job-killing agenda. But we do not have the luxury of waiting months for the president to pick scapegoats for his failing 'stimulus' policies."
Everyone with any sense to them, now realizes the massive stimulus of obama and the dems has been an utter failure.

Of course, the media would love to forget the Recovery Summer!! Tour, but no chance of that now.

http://abcnews.go.com/Politics/presi...ry?id=11463344

Quote:
After months of withering job losses and weak economic growth, summer was going to be the season of recovery, the Obama administration heralded in June.

The White House dubbed it "Recovery Summer" and President Obama declared the economy had begun "growing at a good clip."

But with summer quickly coming to an end, those jobs gains and a robust economic recovery have not yet materialized, leaving Democrats on the verge of a fall election campaign in which Republicans are poised to make them eat their words.
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Old 08-24-2010, 08:35 AM
 
Location: Raleigh, NC
20,053 posts, read 17,627,710 times
Reputation: 3826
The stimulus wasn't big enough. It needed to be 100 million billion trillion dollars.

Love,
Prof. Krugman
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Old 08-24-2010, 08:51 AM
 
Location: Chicagoland
41,321 posts, read 43,477,276 times
Reputation: 7117
It begins.....holding obama and the dems accountable for their waste of $1+ trillion.

They were warned, they didn't listen.

UPDATE 2-Top Republican: Obama economic team should resign | Reuters

Quote:
Aug 24 (Reuters) - U.S. House Republican leader John Boehner on Tuesday called for the resignation of President Barack Obama's economic team, including Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers.
Way past time.

Two have already abandoned ship, when will the rest of the rats go.
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Old 08-24-2010, 08:51 AM
 
31,381 posts, read 35,675,494 times
Reputation: 15006
Quote:
Originally Posted by summers73 View Post
The stimulus wasn't big enough. It needed to be 100 million billion trillion dollars.

Love,
Prof. Krugman
And he was right, along with James Galbraith, Dean Baker, Eileen Appelbaum, Nobel laureates Joseph Stiglitz, Kenneth Arrow, Eric Maskin, Daniel McFadden, and Robert Solow just to name a few.

Now I am all for firing Obama's economic team, especially Larry Summers IF, the Republicans will either decide to lead, follow or get the **** out of the way!
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Old 08-24-2010, 08:57 AM
 
Location: Raleigh, NC
20,053 posts, read 17,627,710 times
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Quote:
Originally Posted by ovcatto View Post
And he was right, in my opinion
Fixed.
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Old 08-24-2010, 09:06 AM
 
Location: Chicagoland
41,321 posts, read 43,477,276 times
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Quote:
Originally Posted by ovcatto View Post
And he was right, along with James Galbraith, Dean Baker, Eileen Appelbaum, Nobel laureates Joseph Stiglitz, Kenneth Arrow, Eric Maskin, Daniel McFadden, and Robert Solow just to name a few.

Now I am all for firing Obama's economic team, especially Larry Summers IF, the Republicans will either decide to lead, follow or get the **** out of the way!
Do you realize how many said it would fail?

Why would they follow obama and the dems down another disastrous spending trail? Remember, the dems and obama completely, totally OWN the stimulus.

And the GOP did get out of the way of the stimulus, obamacare, cap&tax, etc,etc.
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Old 08-24-2010, 09:11 AM
 
150 posts, read 103,254 times
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Quote:
Originally Posted by ovcatto View Post
And he was right, along with James Galbraith, Dean Baker, Eileen Appelbaum, Nobel laureates Joseph Stiglitz, Kenneth Arrow, Eric Maskin, Daniel McFadden, and Robert Solow just to name a few.

Now I am all for firing Obama's economic team, especially Larry Summers IF, the Republicans will either decide to lead, follow or get the **** out of the way!
It was not entirely the dollar quantity. It was the allocation of said dollar quantity.

The stimulus could have been done in a much more advanatgeous manner for the people who really needed it.
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Old 08-24-2010, 09:17 AM
 
Location: Raleigh, NC
20,053 posts, read 17,627,710 times
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The failure of the stimulus will only increase calls for a more centralized and planned economy. Observing how China acts like the Borg and is able to channel money without the nasty side effects of a democratic nation will tempt citizens to sign away their freedoms in order to secure economic stability by the planners.

From 0:44 to 2:00 just as predicted 60 years ago.


YouTube - Hayek's 'The Road to Serfdom' in Five Minutes
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Old 08-24-2010, 09:20 AM
 
Location: Wisconsin
33,395 posts, read 18,803,780 times
Reputation: 11373
Quote:
Originally Posted by sanrene View Post
It begins.....holding obama and the dems accountable for their waste of $1+ trillion.

They were warned, they didn't listen.

UPDATE 2-Top Republican: Obama economic team should resign | Reuters



Way past time.

Two have already abandoned ship, when will the rest of the rats go.
I'm sure it will be $4.4 trillion in new debt by Jan 2011. That amount of debt is equal to giving every working man and woman about $50,000 each.
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Old 08-24-2010, 09:23 AM
 
28,589 posts, read 16,893,035 times
Reputation: 19199
Quote:
Originally Posted by ovcatto View Post
And he was right, along with James Galbraith, Dean Baker, Eileen Appelbaum, Nobel laureates Joseph Stiglitz, Kenneth Arrow, Eric Maskin, Daniel McFadden, and Robert Solow just to name a few.

Now I am all for firing Obama's economic team, especially Larry Summers IF, the Republicans will either decide to lead, follow or get the **** out of the way!

Right.

Any fool knew the stimulus would fail, as it failed in the Great Depression and 1990s Japan. History had already proven that such a plan would not work, but Obama had to put us through this mess in order to understand himself.

The problem is that he still does not understand.


What do we need to do?

1. Business and personal tax cuts
2. massive spending cuts

The states of Virginia and Indiana have enacted such policy and are starting to recover, while thier neighbors flounder.

Socialism has been shown (again) to fail. Let's change course and eject the democratic congress, which took us from prosperity and low unemployment to poverty.
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