Posts Tagged ‘recovery summer’

Bumps On The Road: If At First They Don’t Succeed, Obama, Democrats (And Their ‘Experts’) Lie, Lie Again

June 6, 2011

There’s a memory that still makes me laugh.  I had a friend who worked the graveyard shift when I was in college.  When he got off work (i.e., when I was just getting up) he took his car to the shop for a repair and had asked me to meet him there and give him a ride home.

So I was standing there when the mechanic began to explain what was wrong with my friend’s car.  And my friend, wanting to see, put his hand on the radiator of the still hot engine.  He leaped back holding his hand.  The mechanic looked at him for a second, shook his head, and continued explaining.

Soon enough, my friend AGAIN put his hand on the radiator.  With the same result.  This time the mechanic looked at me and shook his head before going on.

You won’t believe this, but my friend actually did it a third time.

And the mechanic looked at him and said, “You just don’t learn, do you?”

I am here to tell you that Democrats are every bit as dumb as my friend.  And the only thing more hopelessly stupid than a liberal is a liberal “expert.”

Our economy is in a state of ruin.  Many of the most important numbers – such as unemployment and housing and manufacturing and consumer confidence – aren’t just as bad as they were when Obama took over, but far, far worse.  And with no sign of getting better.

If you survey the history of economics, there has never been a recession that lasted forever.  Sooner or later, things hit their bottoms and begin to get better.  Most severe recessions last about two years.  Even during the Great Depression – which in fact was a Great Depression for virtually every country on the planet – most of those nations emerged after no more than a few years.  The ONLY exception was the United States of America, which was being led by a socialist named FDR with near dictatorial power.  That recession/depression just went on and on and on.  FOR SEVEN YEARS LONGER THAN IT SHOULD HAVE.

Franklin Delano Roosevelt was such a disaster that we actually amended the Constitution to make sure that we’d never end up with another FDR ever again.  Roosevelt knew absolutely nothing about business or economics and actually thought that by punishing business he’d somehow get more employment.  Like my friend, he repeated the same mistakes again and again and again, constantly expecting different results than the ones he kept getting.

And that is precisely where we are today: helplessly writhing in the grasp of a dictatorial socialist fool.

Allow me to show you how Obama, how the Democrats and how their “economists” – to put it in the words of the mechanic – “just don’t learn.”

Let’s begin with the beginning of the Obama regime, with his “stimulus” (also known as the Generational Theft Act): pork barrel spending that will ultimately cost the American people $3.27 TRILLION.

What did Obama promise you, as even the New York Times was forced to admit?

In the weeks just before President Obamatook office, his economic advisers made a mistake. They got a little carried away with hope.

To make the case for a big stimulus package, they released their economic forecast for the next few years. Without the stimulus, they saw the unemployment rate  —  then 7.2 percent  —  rising above 8 percent in 2009 and peaking at 9 percent next year. With the stimulus, the advisers said, unemployment would probably peak at 8 percent late this year.

We now know that this forecast was terribly optimistic.

According to Obama’s forecase, unemployment would NEVER rise above 8% if that massive government spending aka the stimulus was passed.  And unemployment would be UNDER 7% this year.  Let’s chalk that up as a great big giant “NOT!!!”

OUCH!!!  That’s one hand on the hot radiator.

Obama and the Democrat Party and their “economists” continued to stuipdly talk about all the jobs he “saved.”  The only problem was that “saved jobs” had NEVER IN THE ENTIRE HISTORY OF ECONOMICS BEEN CONSIDERED PRIOR TO THE AGE OF OBAMA:

Harvard economics Professor Gregory Mankiw said, “there is no way to measure how many jobs are saved.” Allan Meltzer, professor of political economy at Carnegie Mellon University said “One can search economic textbooks forever without finding a concept called ‘jobs saved.’ It doesn’t exist for good reason: how can anyone know that his or her job has been saved?”

And they went on and on with pure unadulterated totally bogus bullcrap to pat themselves on the back for what in reality was a total fiasco.  They just don’t learn, do they?


Let’s call that a second hand on the hot radiator – even though they did it over and over and over again – and are STILL doing it as we speak.

But that wasn’t it with this pile of pure fools.  If at first your policy fails, keep trying to fail more and bigger:

Obama Defends Stimulus Amid Calls For Round Two
by Mara Liasson   July 8, 2009

President Obama is being forced to wade into a domestic economic debate that just won’t go away: As the unemployment rate rises, there have been calls for a second round of stimulus spending.

Obama is in a difficult position. He has to defend his $787 billion economic stimulus package at a time when there are few visible signs that it has had an effect. Unemployment is at 9.5 percent, even though the White House predicted in January that with the stimulus bill, it would rise to only about 8 percent

That’s right, boys and girls.  Obama and his ilk couldn’t learn from the hot radiator.  They assumed that something else must have been hot, and they weren’t really touching what they’d just been touching.  Massive government spending was just an unmitigated failure that the answer was clearly …. (drumroll, please) …. EVEN MORE MASSIVE GOVERNMENT SPENDING!!!

“OUCH!!!”  That’s a third hand on that hot radiator.

Then there were the “green shoots” Obama saw in 2009:

Obama sees the green shoots of recovery
25/03/09 05:36 CET

US President Barack Obama believes his strategy to battle the economic downturn is beginning to show some positive results.

It comes as skepticism is growing as to the wisdom of his massive budget plan. The president took to the podium to defend his actions and answer questions from the world’s media. He said: “We’ve put in place a comprehensive strategy designed to attack this crisis on all fronts. It’s a strategy to create jobs, to help responsible homeowners, to restart lending and to grow our economy over the long-term. And we are beginning to see signs of progress.” Next week Obama makes his debut on the world stage when he attends the G20 summit in London. He outlined what he was looking for from the talks. “The goal of the G20 summit, I think, is to say to all countries ‘let’s avoid steps that could result in protectionism that would further contract global trade.’ Let’s focus on how are we going to move our regulatory process forward,” he said. Obama claims his economic plan, along with his new budget which is being prepared, is based on job creation, a more fluid housing market and a banking industry that is prepared to get credit flowing again.

Were there ever any green shoots?  Nope.  And certainly if there WERE, it’s a bunch of dead grass now.  Obama’s bullcrap stinks to high heaven, but it lacks the power to fertilize much of anything.


You put your hand there AGAIN, Barry Hussein?  Man, you just don’t learn, do you?

You might have thought my friend was pretty dumb.  But history would prove that he’s smarter than the man who is now President of the United States.  My friend only did it three times.  Obama’s up to four and counting.

Because what did we have in 2010 but “recovery summer”???

Obama, Biden declare ‘Recovery Summer’
By MIKE ALLEN | 6/17/10 5:06 AM EDT

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

David Axelrod, a senior adviser to the president, said: “This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards and making it crystal clear what the cost would have been of doing nothing.”

Biden, President Barack Obama and other administration officials will travel to more than two dozen Recovery Act project sites in coming weeks. On Friday, the president will travel to Columbus, Ohio, to mark the groundbreaking of the 10,000th Recovery Act road project to get under way. The administration says the road improvement project in downtown Columbus is expected to create over 300 construction jobs, and will contribute to a broader economic development effort in the area around Nationwide Children’s Hospital. […]


Oh, come ON, Barry Hussein.  Are we going to have to put a cork on your fork so you don’t stab out your other eye???

Okay, so last year we were at “wreckovery summer.”  What now?  I mean, what else can this fool possibly say?

Well, now all the terrible news about unemployment, about housing, about manufacturing, about consumer confidence is all just a “bump in the road.”

There are always going to be bumps on the road to recovery,” Obama said.


Obama is a far more stupid and more foolish man than my friend will ever be.

The question is, just how stupid are YOU???  I hope not so much as to actually re-elect this complete moral idiot.

In August 2009, while Obama was still talking about his “green shoots,” we had this prediction:

Peter Schiff, Pres Euro Pacific Capital: “The recession might be coming to an end; the problem is the depression is just getting started.”

“Newsweek trumpets the recession is over.  But it’s just a temporary ‘good time’ like the high you get if you do too much crack cocaine; with the stimulus being an artificial stimulant that gets us deeper and deeper into debt.  Remember the problem was we took on too much debt; well, now we have even more debt than when the recession began.”


Only this one is YOUR hand on the boiling hot radiator of an economy in meltdown …

Just How Is Obama NOT An Abject Failure?

August 27, 2010

Under Barry Husseins’ pathetic failure of leadership, 24% of Americans believe that the recession will last 2 years.  And another 51% believe that it will last MORE than two years.  Given the fact that Obama will only be president for another two years, and given the fact that Obama was elected to fix the economy, what we basically have is a statement from 75% of Americans that Obama will be a completely failed president.

Here’s another one, and allow me to quote from below:

Only 13 percent of Americans say Mr. Obama’s economic programs, among them the stimulus package, have helped them personally. Twenty-three percent say they have hurt, while 63 percent say they have had no effect.

Now, understand: the stimulus is officially $862 billion, but it’s actual cost according to the Congressional Budget Office will be $3.27 TRILLION.  And 87% of the American people say that this beyond supermassive sum of money which will burden our children for decades either had no effect at all or actually HURT them.

Now, this $3.27 trillion will surely ultimately be ripped out of the hide of the US economy.  It’s only a matter of time.  An increase in the money supply is rather like an overdose of drugs.  And in this case the effect of the overdose will be hyperinflation.  Basically, the moment we have any kind of genuine recovery, our staggering deficit is going to begin to create an ultimately gigantic inflation rate.  Why?  Because we have massively artificially increased our money supply beyond our ability to actually produce real wealth, and that means that money will ultimately be devalued.  There’s simply no way it can’t be.  If simply printing money solved financial problems, the government could just mail everyone several million dollars, and we could all retire.  The problem is that more money chasing a limited supply of goods simply pushes up prices higher and higher without doing anything to solve the underlying economic problems.  If we have a recovery, with increased economic activity, there will be increased demand on the money supply, forcing an upward climb in interest rates as a means of controlling the currency.  And then we’ll begin to seriously pay for Obama’s and the Democrat Party’s sins.  Paradoxically, the only thing preventing hyperinflation now is the recession, because people aren’t buying anything and therefore aren’t competing for those limited goods.

That said, there is solid evidence that the stimulus actually HURT THE ECONOMY AND EMPLOYMENT IN THE RIGHT-HERE-AND-NOW by sucking money out of the private sector where it would have been put to good use and instead funneling it through the government were it was pissed away on political boondoggles and bureaucratic inefficiencies.  The evidence is clear: the governments that did not pass huge stimulus packages have fared much better than those like the US which did.

A further fact in our economic and political collapse is that Obama is creating a permanent elite class of government bureaucrats.  USA Today found that “At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn.”  Obama has massively expanded government, even as the the real pie for everyone (the economy) has been shrinking.  Since government workers don’t actually create wealth, but merely live off the taxes paid by those who create wealth, and since there are more and more government workers and fewer and fewer private sector workers, we’re heading for a real problem.  Again, “paradoxically” is a good word, as paradoxically Obama is creating a ruling class over the people who consume the peoples’ wealth in the name of helping the people.

And all of the above contributes to why Gerald Celente says America is about to experience what he calls “the Greatest Depression.”

July 13, 2010 6:30 PM
Poll: Americans Say Bad Economy Will Linger
Posted by Brian Montopoli

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.

(Credit: CBS)

A majority of Americans have a negative impression of the economy and expect the effects of the recession to linger for years, according to a new CBS News poll.

Most also say President Obama has spent too little time on the economy, which Americans cite as the country’s most important problem by a wide margin.

Three in four Americans now say the effects of the recession will last another two years or more. More than eight in 10 say the condition of the economy is bad, up five points from last month.

Just 25 percent of Americans say the economy is getting better – down from 41 percent in April. About half say it is staying the same, and the remaining quarter say it is getting worse.

More than half of Americans – 52 percent – say Mr. Obama has spent too little time dealing with the economy.

And with unemployment near 10 percent, the economy is their priority: Thirty-eight percent volunteer it as the country’s most important problem. That far outpaces the percentage that cited the wars in Iraq or Afghanistan (seven percent), health care (six percent), the deficit (five percent), and the oil spill in the Gulf (five percent).

The county’s most important economic problem, Americans say, is jobs, volunteered by 38 percent of respondents. Coming in a distant second was the national debt, the deficit and spending, cited by 10 percent in the poll, which was conducted between July 9th and 12th.

Just 27 percent of Americans say their local job market is good. Seventy-one percent call it bad. Nearly one in four expect their household finances to get worse over the next year, twice the percentage that expects their finances to improve.

Only 13 percent of Americans say Mr. Obama’s economic programs, among them the stimulus package, have helped them personally. Twenty-three percent say they have hurt, while 63 percent say they have had no effect.

Twenty-three percent say the stimulus package made the economy better – down from 32 percent in April and 36 percent last September. Eighteen percent say the stimulus package damaged the economy, while 56 percent say it had no effect.

The president’s job approval rating on the economy now stands at 40 percent – a drop of five points from last month. Fifty-four percent disapprove of his handling of the issue.

In general, Americans see Mr. Obama as spending too little time on the economy and the oil spill in the Gulf, and too much time on health care: Thirty-nine percent say he has spent too much time on the issue, while 24 percent say he spent too little time.

Americans do believe the president takes decisive action, with two and three suggesting he does. But more than half (53 percent) say he is not tough enough in his approach.

Americans are evenly split, meanwhile, on whether the president shares their priorities. Two in three believe he cares at least to some degree about people like them.

The president’s overall approval rating now stands at 44 percent, matching his disapproval rating. It stood at 47 percent last month.

The Issues: Economic Priorities

Most Americans – 53 percent – say the best way to get the economy moving is to cut taxes. Thirty-seven percent instead choose government spending on job creation.

Americans are split about how the federal government should spend its money: Forty-six percent say the priority should be spending to create jobs, and 47 percent want to put the focus on deficit reduction.

More than half want Congress to extend unemployment benefits now, a Democratic priority that has been blocked by Congressional Republicans.


Support for Arizona’s controversial immigration measure has increased: Fifty-seven percent say the law is “about right,” up five points from May. Just 23 percent say the law goes too far, while 17 percent say it doesn’t go far enough.

More than half say states should be allowed to pass illegal immigration laws, while 42 percent say only the federal government should have that power.

Americans are somewhat split on the impact of illegal immigrants: 42 percent say they take jobs away from Americans, while more – 50 percent – say they take jobs Americans don’t want.

Health Care:

Americans still largely disapprove more than they approve of Mr. Obama’s sweeping health care reforms. Forty-nine percent of Americans disapprove of the health reform legislation, while 36 percent support the law. Support has dropped seven points since May.

The Oil Spill:

Americans are roughly evenly split on whether BP will stop the flow of oil in the Gulf of Mexico by the end of the summer. Most (58 percent) are not confident that the company will fairly compensate those affected by the spill.

Wall Street Reform:

With Democrats poised to pass sweeping reforms of Wall Street this week, a majority (57 percent) say bank regulations should be increased.

Afghanistan and Iraq:

Sixty-two percent of Americans say things are going badly for the United States in Afghanistan, up from 49 percent in May. Just 31 percent say things are going well.

In Iraq, 55 percent say things are going well, while 28 percent say things are going badly.

Most Americans favor a timetable for withdrawing troops from Afghanistan. Fifty-four percent back a timetable, while 41 percent oppose one. Mr. Obama has said the United States will start removing troops from the country in July of next year, but only if conditions on the ground permit.

Elena Kagan:

Most Americans can’t say whether Supreme Court nominee Elena Kagan should be confirmed. Among those who have an opinion, 21 percent say yes and 19 percent say no. Less than half say they are closely following news about her nomination.

The Long Run:

Despite their concerns about the economy, Americans do not believe their country is on the decline. Fifty-nine percent expect things to get better in the long run, while 36 percent say America’s best days have passed.

Read the Complete Poll

More from the poll:

Poll: Support For Health Care Reform Drops

Poll: Most Want Afghanistan Withdrawal Timeline

Poll: Support for Arizona Immigration Law Hits 57 Percent

Obama’s Approval Rating on Economy Drops

This poll was conducted among a random sample of 966 adults nationwide, interviewed by telephone July 9-12, 2010. Phone numbers were dialed from random digit dial samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups is higher.

This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.

This article was written in July.  And it is amazing how far we have fallen since those days only a little over the month ago (that was back when Obama was pitching his pseudo “summer of economic recovery, donchaknow).

Now here we are, with Obama’s failures being revealed to be even MORE magnificent, as the jobless claims rise to their highest levels in 9 months (with over half a million new filings).

The Associated Press reports:

The layoffs add to growing fears that the economic recovery is slowing and the country could slip back into a recession.

There’s your double-dip recession for you.  And that recession belongs entirely to Obama and the Democrat Party, which are leading us toward complete ruination.

All Obama has going for him are false blame on Bush to explain his two-years’ worth of abject failure and outright lies, such as his recent one taking credit for a stimulus dollar success when the stimulus didn’t have anything to do with the project Obama cited.

For the record, Obama has been lying about employment all along.

With $862 billion dollars you’d think Obama could find at least one actual success.  But the porkulus was THAT bad; there weren’t any.

Some other things that the poll didn’t mention: a solid majority of Americans now believe that their president is a socialist (as people like me were saying all along).

And Americans now trust Republicans more than Democrats on ALL TEN of the most important issues facing the country, according to the lastest Rasmussen survey:

If all of this doesn’t represent a massive failure of leadership, precipitating a failure of trust which itself creates massive economic suffering, please tell me how it isn’t.

Mystefied Democrats See Tide Going Out Rapidly, With Huge Wave Appearing Over The Horizon

August 25, 2010

There’s an article on how to spot the warning signs of a tsunami.  Point #3 says:

Watch. If there is a noticeable and rapid fall in the water and it’s not time for low tide, head inland immediately. Think of how waves work: water first pulls back, then returns with force. An excessive or unusual retreat of water in the ocean is the biggest indication of a tsunami. Many people died in the Indian Ocean tsunami because they went to observe the bare sea floor after the ocean retreated.

That’s your Democrat Party for you.  They’re looking at the bare sea floor after the ocean retreated, too short-sighted to see the huge building wave in the horizon, too uncomprehendingly stupid to change and move to safer places.

So they keep spending more, and more, and more, and demonizing Republicans because they aren’t willing to recklessly spend.  And they demagogue on issues like the Arizona law and the Ground Zero mosque, attacking Republicans who have staked their ground on positions that the American people overwhelmingly agree with them on.  And of course there’s ObamaCare, which was hugely unpopular from the start to the finish, and yet Democrats used every godawful and corrupt means imaginable to ram down our national throats.

Ignorance is bliss, until that giant wave hits you like a billion freight trains.

Scared Monkeys ran this block quote from an article in the New York Times, mocking the liberal paper for finally figuring out that Democrat control of Congress was genuinely at risk:

Representative David R. Obey has won 21 straight races, easily prevailing through wars and economic crises that have spanned presidencies from Nixon’s to Obama’s. Yet the discontent with Washington surging through politics is now threatening not only his seat but also Democratic control of Congress.

Mr. Obey is one of nearly a dozen well-established House Democrats who are bracing for something they rarely face: serious competition. Their predicament is the latest sign of distress for their party and underlines why Republicans are confident of making big gains in November and perhaps even winning back the House.

The fight for the midterm elections is not confined to traditional battlegrounds, where Republicans and Democrats often swap seats every few cycles. In the Senate, Democrats are struggling to hold on to, among others, seats once held by President Obama and Vice President Joseph R. Biden Jr. Democrats are preparing to lose as many as 30 House seats — including a wave of first-term members — and Republicans have expanded their sights to places where political challenges seldom develop.

But more and more political pollsters are seeing not 30 Democrat seats going Republican, but double and even triple that number:

A 1994-style scenario is probably the most likely outcome at this point. Moreover, it is well within the realm of possibility – not merely a far-fetched scenario – that Democratic losses could climb into the 80 or 90-seat range. The Democrats are sailing into a perfect storm of factors influencing a midterm election, and if the situation declines for them in the ensuing months, I wouldn’t be shocked to see Democratic losses eclipse 100 seats

Here’s a link to that entire Real Politics article by Sean Trende.

And with the latest news of a 27% plunge in existing home sales – the worst decline since the LAST TIME a Democrat was president – it seems that the “situation” has declined for them in these ensuing months.

This news is a stunning economic indicator, because mortgage rates are at an all-time low, and low-priced home bargains abound, and people STILL aren’t buying.

From USA Today:

Economic forecasts were plenty pessimistic ahead of Tuesday’s report by the National Association of Realtors because of other data pointing to weakening sales since the federal tax credit ended in April.

The actual numbers were far worse — sales fell more than 27% from June and 25% from a year ago to an annual rate of 3.83 million units.

It is not clear if the housing market hit a huge air pocket or crashed and burned, but for now, this sector looks to be flat on its back,” says Joel Naroff of Naroff Economic Advisors.

The stunning drop-off when mortgage rates are at historic lows indicates many potential buyers have lost confidence, Naroff says. “If no one is confident, I don’t know that the interest rates matter, no one is going to want to borrow,” he says.

Economists say Tuesday’s report also indicates that the housing recovery has faltered.

This qualifies as a double dip in housing,” says Mark Zandi, chief economist of Moody’s Analytics, adding buyer confidence has also been shaken by a weakening stock market and a lack of jobs. “These are pretty ugly numbers.”

No region of the country was spared: Existing-home sales fell 35% in the Midwest, 30% in the Northeast, 25% in the West and 23% in the South.

In addition to the one trillionth usage of the mainstream media’s favorite adverb – “unexpected” – being employed, I’m seeing a far more frightening adverb: “double dip.”

As in “double-dip recession.”  As in, how is Obama going to blame Bush for a second recession that occurred entirely while “the One” was president?  Remember Obama’s economic team telling us the recession was over? Remember Obama and Biden boasting of their “Recovery Summer”?

If Bush’s recession is over, but we’re going into a recession, then just who the hell owns this recession?

Blame Obama.

Reuters has the following:

(Reuters) – More Americans now disapprove of President Barack Obama than approve of him as high unemployment and government spending scare voters ahead of November’s congressional elections, a Reuters/Ipsos poll showed on Tuesday.

In the latest grim news for Obama’s Democrats, 72 percent of people said they were very worried about joblessness and 67 percent were very concerned about government spending.

The unemployment rate of 9.5 percent and the huge budget deficit are dragging down the Democrats and eating away at Obama’s popularity only 20 months after he took office on a wave of hope that he could turn around the economy.

Another bit of bad economic data arrived on Tuesday when the National Association of Realtors reported sales of existing homes plummeted in July to their slowest pace in 15 years.

Piling the pressure on Obama, the top Republican in the House of Representatives called on the administration’s economic team to quit.

Obama’s disapproval rating was 52 percent in Tuesday’s poll, overtaking his approval rating for the first time in an Ipsos poll. Only 45 percent of people said they approved of the president’s performance, down from 48 percent last month.

That number, coupled with a hearty 62 percent who think the country is going in the wrong direction, could spell trouble for Democrats, who control both chambers of Congress and the White House.

Let me paraphrase that last paragraph:

That tsunami, couple with a giant tidal surge that is pushing everything in the country backwards in the wrong direction, could spell trouble for residents around the Indian Ocean, who live in regions that are now fifty feet underwater.

Obama is reading some finely-honed demagoguery off his teleprompters, talking about Republicans having led us in the wrong direction, and cars, and ditches, and not giving Republicans the car keys.  But now more Americans by a wide margin think Obama sucks even according to the left-leaning Ipsos polling organization.  And 62% of Americans think the “wrong direction” is the one Obama is leading them in.

Mind you, reality won’t stop Joe Biden from guaranteeing that the Democrats will retain control of the House.

On my view, Republicans easily take the House in an eye-popping takeover, and yes, either retake the Senate, too, or fall just short.  Everything will have to go right for Republicans and wrong for Democrats in order for Republicans to win the ten seats they need, but let’s not forget that Democrats are in full meltdown mode.

Which is why on November 2 I’ll be watching the election with the Beach Boys’ “Catch a Wave” playing over and over in the background.

Most Americans Finally Blaming The Most Irresponsible President In History

August 3, 2010

One could conclude – based on rhetoric alone – that George Bush never left office, and Obama never actually ascended to the presidency.

After all, according to the Obama narrative, only one man is responsible for anything these days.  And that man is George Bush.

Obama isn’t “responsible.”  He’s completely irresponsible.

Obama has never once taken the “The Buck Stops With George Bush” sign off of his desk.

Since we all know that the buck stops at the highest political office, and since we all know that Obama keeps passing the buck off to George Bush, we can therefore know that Obama really isn’t our president.  Whether he produces his damn birth certificate or not.  Given the fact that leadership is ultimately about taking responsibility, and Obama refuses to take any responsibility whatsoever, he’s clearly not the POTUS.  And since Bush is apparently STILL responsible for everything, he becomes our defacto president even nearly two years after actually leaving the office.

Well, Barry Hussein may never accept responsibility for the failure of his policies, but at least more Americans are finally saying that this is Barack Obama’s sucky economy, rather than agreeing with Obama that he had nothing to do with anything.

From Rasmussen:

48% Blame Obama for Bad Economy, 47% Blame Bush
Monday, August 02, 2010

For the first time since President Obama took office, voters see his policies as equally to blame with those of President George W. Bush for the country’s current economic problems.

A new Rasmussen Reports national telephone survey finds that 48% of Likely U.S. Voters now think Obama’s policies are to blame for the continuing bad economy, up three points from last month. Forty-seven percent (47%) say the recession that began under Bush is at fault.

With voters across the country expressing stronger belief that the economy is getting worse rather than better, these new findings spell potential bad news for Democratic candidates this fall. The president is already planning to limit his campaign appearances with candidates because of potential voter backlash.

In June and last October, 45% blamed Obama’s policies for the country’s ongoing economic woes, the previous high finding on this question. The number who blame Bush is down from 62% in May 2009 when Rasmussen Reports first began tracking the question regularly. Only 27% faulted Obama at that time.

As is often the case, Mainstream voters and the Political Class have wholly different viewpoints on this question. While 61% of Mainstream voters now blame Obama’s policies, 87% of the Political Class say the bad economy is due to the recession that began under Bush.

Fifty-five percent (55%) of men blame Obama’s policies for the current economic problems, while 52% of women think Bush is the cause.

Among voters not affiliated with either major party, Obama is now chiefly to blame by a 52% to 44% margin.

That last paragraph is particularly significant.  Independents OVERWHELMINGLY blame Obama over Bush for the worsening economy.

And if that news isn’t revealing enough, Gallup/USA Today just came out with a poll showing Obama at only 41% approval – the lowest of his presidency.  He’s now flirting with being in the 30s.

I don’t really care what Democrats think about Obama vs. Bush.  The Democrat Party can be rightly defined as the party of moral idiocy.  But we are finally seeing rank-and-file Americans who are not involved with political ideology looking at going on two years of failure and false demagoguery and coming to the correct conclusion about whom to hold responsible.

When the economy appeared to be improving, Obama starting talking about his “summer of economic recovery.”

From Politico:

Obama, Biden declare ‘Recovery Summer’
By MIKE ALLEN 6/17/10 5:06 AM EDT

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

David Axelrod, a senior adviser to the president, said: “This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards and making it crystal clear what the cost would have been of doing nothing.”

But then we got all kinds of lousy economic news to rain turds all over Obama’s “Mission Accomplished” summer of recovery tour.

We got news like this:

Steep decline in GDP growth raises alarms
By Don Lee, Los Angeles Times
July 31, 2010

Reporting from Washington — U.S. economic growth slowed sharply in the spring, stoking concerns about a weak job market, a drawn-out struggle for the unemployed and growing financial pressures on millions of American families.

The nation’s gross domestic product grew at an annualized rate of 2.4% in the second quarter, falling from an upwardly revised 3.7% expansion in the first three months of the year, the Commerce Department said Friday.

While many economists had expected growth to moderate, the reported decline was a jolting 35% below the previous quarter. Gross domestic product is the value of all goods and services produced in the economy. […]

In the wake of Friday’s report, a number of economists downgraded their growth forecast for the second half of the year to as low as 1.5%, an anemic rate that would likely push the unemployment rate above June’s 9.5% figure.

Commerce officials also revised downward some prior growth figures for real GDP, which is the inflation-adjusted value of all goods and services produced in the U.S. The government Friday said real GDP grew 5% in the fourth quarter of 2009, down from a previously reported 5.6%.

Overall, the new data painted a picture of a deeper recession than previously believed.

Government spending and inventory adjustments have powered the economic recovery that began last summer, and they juiced up the second quarter as well. But economists expect tighter public spending, particularly by budget-strapped state and local governments, to be a drag on the economy in the coming quarters.

Many private economists projected that the unemployment rate would rise to 9.8% or higher by the end of the year

And today, we learned that housing prices were down, factory orders were down, and consumer spending was down.  As the LA Times put it:

U.S. consumers did not boost their spending in June and their incomes failed to increase, further evidence that the economic recovery slowed in the spring. And Americans saved at the highest rate in nearly a year.

Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster consumer demand. Incomes were also flat, the weakest showing in nine months.

The disappointing report on spending and income was among a raft of data released Tuesday that confirmed the economy ended the April-to-June quarter on a weak note.

Factory orders dropped 1.2 percent in June to a seasonally adjusted $406.4 billion, the Commerce Department said. It was the second consecutive decline after nine straight months of gains. Lower demand for steel, construction machinery and aircraft dragged down the figure.

And the number of buyers who signed contracts to purchase homes fell in June. The National Association of Realtors says its seasonally adjusted index of sales agreements for previously occupied homes dipped 2.6 percent to a reading of 75.7. That was the lowest on records dating back to 2001 and down nearly 19 percent from the same month a year earlier.

Last week the government said economic growth for the second quarter slowed to 2.4 percent. Many analysts believe it will dip further in the second half of the year as high unemployment, shaky consumer confidence and renewed troubles in housing weigh on the year-old economic recovery.

What’s funniest of all – if anything is funny during a complete failure’s destruction of what had been the greatest nation in the history of the planet – is that Obama was literally still congratulating himself when the bad news came dumping down:

President Obama was in New Jersey yesterday killing time before his appearance on ‘The View’. So he stopped at Tastee Subs and held a small business summit, pushing for legislation to increase funding to the Small Business Administration. In between sound bytes on jobs and bites of Tastee’s super-sub special, more bad economic news came rolling Obama’s way.

And then all of a sudden the Obama administration is all, “Oh, crap! Stop looking at our “success”!  No!  Don’t look at our “recovery summer”!  We don’t want to take responsibility after all!  Start looking at Bush again!  He’s the only one who is actually RESPONSIBLE!”

So now – after Obama patted himself on the back and congratulated himself for his mission accomplished, all of a sudden we’re back to the “Bush recession.”

BIDEN LAMENTS ‘BUSH RECESSION’…. Vice President Biden appeared on NBC’s “Today” show earlier, and used a line I don’t recall leading White House officials using before, at least not lately.

Ann Curry noted that the administration has been blamed for high unemployment rates, and asked, “Has this administration done enough?”

Biden replied, “Let me put it this way: there’s never enough until we restore the 8 million jobs lost in the Bush Recession. Until that happens, it doesn’t matter. I mean, it matters, but it’s not enough.”

Which is to say that, according to the Obama administration, George Bush is to blame for all the jobs HE lost, PLUS all the jobs that OBAMA lost.  After going on two years in office, Obama still isn’t responsible for anything at all.  Oh, except for that brief period when it looked like maybe things were looking up and Obama could suddenly be “responsible”.

When Bush left office, unemployment was 7.6%.  Barry Hussein promised that his massive stimulus would save the day.  He assured the American people that he understood what was wrong, and that he had the solution.  His administration promised that if the stimulus (which started out at $787 billion, then got revised upward to $862 billion, but which will actually cost taxpayers $3.27 TRILLION) was passed, unemployment would not go over 8%.

From NPR:

President Obama is being forced to wade into a domestic economic debate that just won’t go away: As the unemployment rate rises, there have been calls for a second round of stimulus spending.

Obama is in a difficult position. He has to defend his $787 billion economic stimulus package at a time when there are few visible signs that it has had an effect. Unemployment is at 9.5 percent, even though the White House predicted in January that with the stimulus bill, it would rise to only about 8 percent.

And the LA Times article cites economists as now predicting that unemployment will rise to at least 9.8% – or higher.  Which for the record is a lot higher than 8%.

It’s not enough to say Obama was incompetent.  He lied.  He pitched himself as Mr. Wonderful, and utterly failed to live up to all of his false promises.

In October 2008 I wrote an article which quoted Chief Executive Magazine as follows:

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

And I had cause to cite that article again recently, as Obama pursued the incredibly demagogic rhetoric that said we had to go forward with his “change” rather than backward.  Lest you don’t see the obvious flaw, allow me to point out that Germany went forward with Hitler’s “change,” too.  And then there was Stalin’s “change,” and Pol Pot’s “change,” and Castro’s “change,” etc.

To argue that moving forward to “change” is somehow intrinsically good is intrinsically stupid.  It is the very worst kind of moral idiocy.  And that “logic” has repeatedly justified the most evil outcomes in the history of the human race.

The CEOs – whom unlike the Obama administration actually understand something about business – have turned out to be right.  And Obama has turned out to be completely wrong.  Over and over and over again.

Obama pitched his entire campaign for presidency on “hope” to go along with his nebulous “change.”  Sadly, the American people didn’t understand that there isn’t and can be no hope in the progressive agenda of Barack Hussein.  There is only increasing government control over more and more of our lives.

It should terrify you that Obama is well on the way to the three-year plan toward bankruptcy that the CEO’s predicted of an Obama presidency.