A Rational, Reasonable Look at Obama's Promises (unemployment, solutions, insurance)

[Teak]

President Obama. Can we believe what he says to trust him with another 4-year term? Since he wouldn't be campaigning during another term (we could HOPE so), perhaps he would spend more than the single year he did this time on something other than taking vacations and campaigning.

He predicted that unemployment would be 6% by now. It has been above 8% for his entire 3 1/2 years in office to date, and that is just the reported number. The true unemployment level is probably closer to 15%.

Private sector jobs -those "pick-and-shovel-ready" jobs that he promised- are still 4.3 MILLION below the level of January 2008. And yet, since 2008 3.6 MILLION Americans more have been added to the Social Security's disability insurance program. Thus, the statement that 50% pay taxes that the other 50% live off is not so far-fetched.

Obama's fiscal budget growth projections, how have they held up?
2010 budget growth forecast : 3.2% vs. reality : 2.4%
2011 budget growth forecast : 4.0% vs. reality : 1.8%
2012 budget growth forecast : 4.6% vs. reality ?? but economists don't expect it to be above 2.3% at best

Obama clearly went into the presidency fairly clueless as to how his socialist ideas would help to wreck the economy and scare businesses.

http://www.thedailybeast.com/newswee...eds-to-go.html

[GreenGene]

Originally Posted by Teak

Obama clearly went into the presidency fairly clueless as to how his socialist ideas would help to wreck the economy and scare businesses.

Thank you so much for that rational, reasonable look at President Obama's promises.

[/sarcasm]

[Teak]

[worthless comment]

Originally Posted by GreenGene

Thank you so much for that rational, reasonable look at President Obama's promises.

[/sarcasm]

[/worthless comment]

But it should be expected, I suppose, from those who were passionate believers in the Hope-and-Changer. It is hard to face real numbers and be in the same room with reality, isn't it?

[Mircea]

Originally Posted by Teak

President Obama. Can we believe what he says to trust him with another 4-year term? Since he wouldn't be campaigning during another term (we could HOPE so), perhaps he would spend more than the single year he did this time on something other than taking vacations and campaigning.

He predicted that unemployment would be 6% by now. It has been above 8% for his entire 3 1/2 years in office to date, and that is just the reported number. The true unemployment level is probably closer to 15%.

Private sector jobs -those "pick-and-shovel-ready" jobs that he promised- are still 4.3 MILLION below the level of January 2008. And yet, since 2008 3.6 MILLION Americans more have been added to the Social Security's disability insurance program. Thus, the statement that 50% pay taxes that the other 50% live off is not so far-fetched.

Obama's fiscal budget growth projections, how have they held up?
2010 budget growth forecast : 3.2% vs. reality : 2.4%
2011 budget growth forecast : 4.0% vs. reality : 1.8%
2012 budget growth forecast : 4.6% vs. reality ?? but economists don't expect it to be above 2.3% at best

Obama clearly went into the presidency fairly clueless as to how his socialist ideas would help to wreck the economy and scare businesses.

Nice job.

In order to solve any problem, you must first understand the root cause of the problem.

Obama the "you-Harvard" is apparently too stupid to figure out why the US is losing jobs, and because he can't figure it out, he cannot put forth any solutions (not that there might actually be a solution). The only thing he has done is cause additional harm.

2.3% for 2012 just isn't going to happen. 1st Quarter final was 1.9% and 2nd Quarter estimate is 1.5% with the first revision due August 29.

Given that the average annual GDP growth rate since 1961 has only been 2.89%, it was really stupid to suggest any growth over 3.0%.

If I had to guess, I'd say the idiot Obama and the morons on his White House Staff (including the neo-cons) we're looking at the recovery during the 1970s/1980s recession. If so, that would mean they're dumber than we thought, since this recession and that recession have different root causes.

Agreeing....

Mircea