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Discussion in 'Politics' started by Jedi Knight, Jun 9, 2009.
What is he going by to support his statement? 4 1/2 months in office??? He mentioned unemployment but failed to point out that last month was the fewest jobs lost since the recession began. He also failed to mention that every economist said jobs would be the last thing to recover. Obama would have to be god to fix the economy in 4 1/2 months. Bus sense he isn't, the economy is still broke...
Limbaugh also said Obama didn't inherit a mess, he is creating a mess. He must forget about Hank before congress on his knee's begging for TARP or the world would come to a end...
I guess what ever makes them feel better... :tonofbricks:
Newt is an expert on failure.
What makes you say that? I know he's been known to back down sometimes when pressed really hard, but does that make him an expert on failure?
He was a decided success at putting democrats in the minority.
They fear him still.
Of course Obama has failed. He failed the day that he started to remake our nation into his personal vision. He failed when he decided to change our basic economy by coercively taking over private industries with government printed funny money. He failed when he decided that property rights no longer mean anything.
He has set the wheels in motion for his failure and now it is just a matter of time and inertia.
I thought he was referring to his time as speaker of the house...
There is a reason GA, a red state didn't vote him back in...
Targus, it was Bush who took over Fannie, Freddy, GM, Chrysler, and the banks. Obama hasn't taken over one company. America bought those companies under the Republican administration.
And as far as printing funny money, he inherited a deficit and a budget that was in the red. I guess you can say he printed MORE funny money but we were printing funny money long before Obama took office.
So far we have continued down the path we were heading when he took office. Government has never changes in 4 1/2 months and it didn't start with Obama. His policies won't take effect until the future.
You would have to be smoking some really good stuff to say that Obama hasn't failed miserably. He might get better, but to this point it has been an unmitigated disaster. His stimulus isn't working, just like many said it wasn't. His only success has been at running up the deficit massively more than even Bush did (which is hard to fathom).
No objective observer would say that Obama has been a success by any stretch. The only people defending him are politicians.
The fact that Bush failed hardly gives Obama a free pass.
Are you agreeing with Thomas, Matthews, and the other whako's in the democrat/leftist party?
Trillions more dollars in debt is not success. Sliding further into recession is not success. Doing nothing to deter North Korea and Iran from going nuclear is not success.
So when something is not a success, what else is it, but a failure?
Personally, I think this is a good sign although it by no means says we're out of the woods yet.
10 Large Banks Allowed to Exit US Aid Program
June 10, 2009
By ERIC DASH
The Obama administration marked with little fanfare a major milestone in its bank rescue effort — its decision on Tuesday to let 10 big banks repay federal aid that had sustained them through the worst of the crisis — as policy makers and industry executives focused on the challenges still before them.
“This is not a sign that our troubles are over,” President Obama said. “Far from it.”
While the announcement had been expected for weeks, the official word put the administration’s imprimatur on a corps of big banks considered healthy enough to extricate themselves from Washington’s grip.
The bank holding companies, among them American Express, Goldman Sachs, JPMorgan Chase and Morgan Stanley, plan to return a combined $68.3 billion. That represents more than a quarter of the federal bailout money that the nation’s banks have received since last October, when many feared that failures might cascade through the industry.
Actually "bho" had nothing to do with the bailout. That was Bush's mistake, correcting a problem brought on by the democrats in Congress!
Weren't we promised that unemployment would not go above 8 %if we passed the stimulus? Sorry but little smilies called ton of bricks cannot spin that.
I'm saying the return of the federal money which happened during the Obama Presidency is a good sign. Are you saying it's not?
No, do you have a link where Obama said that? He told us unemployment would continue and be the last thing in the economy to rebound. Unemployment was 7.6% when Bush left office and we were loosing over 600K jobs a month. How could he stop unemployment from rising 0.4% when it was spiraling at 600K jobs a month?
Mr. Obama initially offered his stimulus plan as a way to put people back to work, a promise that 3.5 million jobs would be saved or created. The administration's predictions that unemployment would rise no higher than 8 percent already have been shattered, leaving Mr. Obama's advisers to caution that job growth takes time, even as recovery spending intensifies.
I will never like Gingrich. He has very little moral authority to proclaim anything after leaving his wife who was sick with cancer.
I agree. Newt is a really bad guy.
This is what this transcript says:
BAIER: Juan, this is a tough story for this administration to tell. They projected that unemployment as going to go above 8 percent. Now it's at 9.4 percent, and it looks like it's going even higher.
I interpret this as saying we have a dire situation that will result in unemployment ABOVE 8%. Well, DUH. It's at 9.4%. That made the stimulus package more necessary than President Obama thought.