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Who gives a crap how "popular" Obama is with people? Does this somehow offset his dismal performance thus far? Eventually the Obama novelty is going to wear off and people are going to finally realize just how bad of shape we are in right now.
The job loss while still disappointing is about 1/3 of what is was prior to him taking office. Regardless the post I made about his approval was directed at the comment that those who voted for him now dislike him. Considering his approval is right at his support level in the 08 election, his disapproval is lower than McCain's vote total, and his net approval is about double his 08 margin. If you don't care fine, but I'm not even the one who brought up his approval ratings, I just responded to another post.
Wait for it. Democrats will come and tell us its all Bushs fault. Obama is new to washington he played no role in whats happening now. Everything is the fault of republicans. Ignore though democrats had have majority at the end of Bush being president
The economic agenda was set by the GOP couple years prior when the GOP controlled everything. The Dems did not have a veto proof margin.
Remember how the Obama administration said that if we didn't pass their stimulus recovery plan then the official unemployment rate could get as high as 9%!?
Well, new unemployment statistics have just been released and they aren't pretty.
So how is that stimulus recovery plan working out for you all?
Yes, and the projetion was months old by the time the Stimulus bill was passed. The full grasp of the economic meltdown from late 08 and early 09 wasn't even known yet. This graph was made prior to the horrendous 4th Quarter results were released, which sent the job market into further turmoil.
0bama claimed unemployment would stay below 8% and it ballooned to almost 9% by April WITH HIS STIMULUS BILL.
He lied to us, mislead us, purposely distorted the facts, lured the public with rosy scenarios - whatever you want to call it, just so he could pass his $787,000,000,000 Porkulus Plan, and now he says it is working as intended. Wake up dude, your hair is on fire.
Do you purposely ignore other posts or what?
The little chart that you are referring to was made prior to Obama even taking office. It was made about 2 months prior to the Stimulus package being started in which 2-3 months worth of horrible job reports came out. This projection was also made prior to the 4th quarter financial data being released. Everyone knew the economy was horrible, but no one (right or left) knew the extent until the 4th quarter financial data was released. Once that came out, we saw things were much worse than anyone realized. Once we knew that data the so called claims of the unemployment topping out at 8% was over with.
Well, then maybe it's time you started thinking for yourself, quit whining that your spoiled need for instant gratification wasn't satisfied, learned about the intricacies of the economy that Bush did NOTHING about, learned to take politicians words with a grain of salt as MOST FUNCTIONING ADULTS DO....do you REALLY think McCain and the Divadope would've waved a magic wand and the economy would've been booming by February???
REALLY PROVE IT...explain how they would've accomplished that????
Explain...tell us!!! Tell us how things would've be different by February ....
quit your stupid screaming, do you think if you bold text your yammering
it will make it true??
Good greif the last admin tried to pull in Fannie and Freddy, but SENATOR Obama voted against that deal along with all the other dems
Obama has spent more than ANY president since Washington
At least Maccain has a history of being against over spending what history
does Obama have? ACORN
he is a dimwit, he can not even remember how much money we have funded to them, good grief, all he has to do is google it any 3rd grader
could do it
instant gratifacation?? Good grief, he is spending up to oblivion
and all he wants to do is be adored
and had little kids sing songs to him like the Dear Leader
The current economic decline which began nearly 2 years has been the deepest and longest since the great depression- both the depression and the current 'Great Recession' where the end results of a massive asset bubble burst- in 1929 it was from an overheated stock market, (today, the collapse in housing) plus lax regulation in the markets and banking, easy credit, too much debt, and the concentration of wealth in the nation among the top 5%.
The current recession was caused by many of the underlying causes of the great depression. Any recovery from such an event is likely to be slow. The only reason things today are not worse, is because of the social, and economic safeguards instituted by the New Deal; The FDIC, the SEC, Social Security, unemployment and others.
With a consumer in debt today after years of over-consumption, low wage growth. high health care costs, a large drop in home values, a stagnant stock market for the last 10 years- and an aging population with limited savings, any recovery is likely to be slow.
Last edited by xyz affair; 10-03-2009 at 05:08 AM..
So why would the Obama administration make a statement if it didn't have all the proper data?
Nobody picked the numbers that appear on the left-hand side of the chart that math-challenged fact-deniers so love to refer to. The numbers on that scale resulted entirely from the actual levels of the best data available at the time the projection that the chart illustrated was done.
If Obama was to be inaugurated on October 20, and the administration-to-be were to release the same projection next week, the chart would look very much the same, but the numbers on the left-hand scale would be higher than they were in January because the best available data would be higher now than they were in January, and for no other reason. Either way, however, the point of the projection would be exactly the same. Unemployment would peak earlier and at a lower level with a stimulus package than without one.
That right-wingers continue to demagogue what is an entirely false and unsupportable complaint is only further testimony of the enduring weakness of their positions in general. They do not have fact to turn to, so they turn to endless repetition of fiction in the hope that the intellectually defenseless will come to be taken in by that much alone. This form of lying is in fact a formula that they've had some success with in the past, so why walk away from it now?
Good greif the last admin tried to pull in Fannie and Freddy, but SENATOR Obama voted against that deal along with all the other dems
The GSE's played no significant role in creating the credit crunch, and the so-called "reforms" that the Bush administration tried to push through were all aimed directly toward diverting lucrative secondary mortgage market share away from the GSE's and into the hands of the very Wall Street cowboy capitalists whose profit- and bonus-seeking machinations actually did play a huge role in creating the credit crunch. None of the Bush proposals went to any safety-and-soundness issue at all. They were all attempts simply to shrink the GSE's operationally and nothing more.
Quote:
Originally Posted by georgia dem
Obama has spent more than ANY president since Washington
How much do you believe Obama has spent? The Treasury believes he has spent $2.1 trillion through the end of August. Bush spent $3.0 trillion in FY2008 alone.
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