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Topic: Obama Economic Recovery Is As Bad As It Appears |
Obama Economic Recovery Is As Bad As It Appears
Investor's Business Daily, by John Merline
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Original Article
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Posted By:RustMB, 10/25/2012 8:36:39 AM
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| In a previously off-the-record interview with the Des Moines Register, President Obama argued that the economic recovery he's overseen isn't as bad as his Republican opponent, Mitt Romney, claims. "In many ways, because of the actions we took early on, we're actually ahead of pace in the typical recovery out of a recession like this," Obama said.[snip] But the data are clear that Obama's economic recovery — which started in June 2009, five months after he was sworn in — has been worse than any recovery since the Great Depression.
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Reply 1 - Posted by:
Wookie, 10/25/2012 8:38:20 AM (No. 8960279)
It it a recovery or just the dead cat still bouncing?
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Reply 2 - Posted by:
rabbit, 10/25/2012 8:40:48 AM (No. 8960289)
Obama said he had trouble with 7th grade math, which would explain why he can't understand basic economics. His problem isn't his lack of math skills, but rather his refusal to listen to anyone who does understand the math. The economy is indeed as bad as it appears.
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Reply 3 - Posted by:
Stopstoreload, 10/25/2012 8:53:55 AM (No. 8960339)
The administration has exacerbated the recession by standing astride the hiring process; threatening employers with higher taxes, higher energy costs, higher medical plan costs, more EPA regulations and union favoritism.
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Reply 4 - Posted by:
janylou, 10/25/2012 9:19:28 AM (No. 8960435)
They updated the first time unemployment numbers for last week to almost 400,000. Tell me we are recovering?!!
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Reply 5 - Posted by:
Aunt Agnes, 10/25/2012 9:25:22 AM (No. 8960450)
Just two little things I noticed yesterday - I was in a large grocery store & in the bakery dept. the day-old corner was SWAMPED with shoppers trying to save a little money on bakery items. If the economy is so great, why are people trying so hard to save a few cents on bread? There were also a couple of shelves where an item was not even available - that usually means a n extreme couponer got everything. Also, while driving I've really begun to notice the signs in people's yards. ALL of them are Rpmney/Ryan signs. I've seen only one BO sticker on a car - no yard signs.
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Reply 6 - Posted by:
Wookie, 10/25/2012 9:34:16 AM (No. 8960475)
Save money, bake your own bread. My favorite recipe:
Buttery White Bread for Bread Machine
This is a delicious, buttery white bread that is great for sandwiches, toast or just plain with butter.
This has the lightness and texture of Wonder Bread but with a nice buttery flavor.
2/3 cup lukewarm water 1 large egg 1 tablespooon granulated sugar 1 1/4 teaspoons table salt 5 tablespoons soft butter (I used butter flavor Crisco) 1/2 cup plain yogurt 3 1/4 cups Unbleached All-Purpose Flour 2 1/2 teaspoons (or 1 packet) bread machine or instant yeast
Add ingredients to bread machine in order listed or according to your bread machine mfg's directions.
Settings: White Bread, 1 1/2 lb loaf, Medium Crust.
Press Start.
Makes One, 1 1/2 lb loaf.
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Reply 7 - Posted by:
country boy, 10/25/2012 9:43:24 AM (No. 8960510)
The obama recovery is actually worse than people say. The government is borrowing money to get people hired. No business does that. No, successful businesses hire people from cash flow, from existing successful business.
Next year, recession is highly likely, no matter who wins.
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Reply 8 - Posted by:
Robinsolana, 10/25/2012 10:28:20 AM (No. 8960669)
The Obama recovery is dramatically worse than any since the Great Depression. Jobs have gone down and just stayed down. Obama has put us on the path to the 'lost decade'.
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Reply 9 - Posted by:
Mr. Know-It-All, 10/25/2012 11:25:47 AM (No. 8960852)
You may be correct #7, but perhaps all the pent up business activity that has been kept in check by the threats of increasing taxes from the oblamer regime will be unleashed next year, bucking the trend. We sure don't need another dumbocrat takeover of congress in two years.
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Below, you will find ...
Most Recent Articles posted by "RustMB"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "RustMB"
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CBO: Obama Vastly Exaggerated Deficit Cuts In Budget
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/17/2013 5:57:35 PM
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President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday. When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer." But the CBO report finds that Obama´s budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.
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IRS Lies About Tax Scandal Continue To Mount
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/17/2013 7:25:21 AM
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Like everything else the IRS has said about the tax scandal, its explanation for why it ended up targeting conservative groups turns out to be completely false. Which raises the question: Why are IRS officials trying so desperately to hide what really went on? Ever since the tax scandal broke, top IRS officials have insisted that the reason it started singling out conservative groups for extra review was because the agency was getting a flood of tax-exempt applications. In an op-ed for USA Today, for example, Steven Miller
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The Texas Economic Lesson Obama Refuses To Learn
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/10/2013 7:05:34 AM
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President Obama went to Texas on Thursday to kick off a nationwide tour pushing his economic policies, apparently unaware that Texas has thrived the past four years by doing pretty much the opposite of what Obama has prescribed. Since taking office, Obama has pushed more government as the way to get the economy moving. He dramatically boosted spending, imposed massive amounts of new regulations, ran enormous deficits, and has imposed more than $1 trillion in tax hikes.
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Proof That ObamaCare Will Fuel Health Care Inflation
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/8/2013 9:06:46 AM
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Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years."
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The ObamaCare Train Wreck Is Already Here
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/7/2013 9:27:46 AM
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Medical Overhaul: Democrats fret about a "train wreck" when ObamaCare goes into effect next year. But the law is already a disaster for workers who´ve seen their hours and benefits cut as employers try to avoid its costs. As IBD´s Jed Graham reported late last week, government data clearly show that businesses are already cutting worker hours and benefits in advance of ObamaCare´s employer mandate, under which every business with 50 or more full-time workers will have to provide government-approved insurance.
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ObamaCare Launch Failures Won´t Be For Lack Of Money
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 4/30/2013 8:18:41 AM
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Health and Human Services Secretary Kathleen Sebelius has been complaining a lot about money lately. Specifically, about how she doesn´t have enough to implement ObamaCare. [snip] The implication is that this is mainly the GOP´s fault — they are starving ObamaCare for money when it needs it most. The press has started to pick up on this talking point. Ezra Klein, who writes extensively on health care for the Washington Post, said Republicans are purposefully trying to derail ObamaCare´s launch.
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Record 8.9 Million People Now On Disability
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 4/26/2013 6:57:24 AM
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The nation´s disability rolls continued to climb sharply, as 76,983 workers enrolled in the Social Security Disability Insurance program in April, according to new data from the Social Security Administration. More than 300,000 have joined the program so far this year. The number of workers on permanent disability is now a record 8,865,586, a net increase of one million in just three years. Today, 6.5 workers are on disability for every 100 who have a job. That´s double the ratio from two decades ago.
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Most Active Articles (last 48 hours)
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Analyze this
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Power Line, by Scott Johnson
Original Article
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Posted By: MissMolly- 5/19/2013 11:33:33 AM
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What did President Obama do on the evening of 9/11/12 when our men were under attack in Benghazi? The invaluable Andrew McCarthy reminds us that Obama and Secretary Clinton had a 10:00 p.m. phone call of which many (including, I think, Chris Wallace) have lost sight. This morning when Wallace asked Obama aide Dan Pfeiffer what Obama was up to that evening, Pfeiffer declared the line of inquiry “offensive.” Translation: Obama and his minions would prefer to “move on” and are warning the likes of FNC off:(Snip for video)The Weekly Standard’s Daniel Halper has posted the rush transcript
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Obama: "As An African American You Have To Work Twice As Hard As Anyone Else If You Want To Get By"
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Real Clear Politics, by Staff
Original Article
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Posted By: Desert Fox- 5/19/2013 6:55:47 PM
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PRESIDENT OBAMA: You are the mantle of Frederick Douglass and Booker T. Washington and Ralph Bunche and Langston Hughes and George Washington Carver and Ralph Abernathy and Thurgood Marshall and, yes, Dr. Martin Luther King Jr. These men were many things to many people and they knew full well the role that racism played in their life. But when it came to their own accomplishments and sense of purpose, they had no time for excuses. Every one of you has a grandma or an uncle or a parent whose told you at some point in life
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Evidence emerges that Obama administration official knew of IRS targeting during 2012 campaign
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CBS News, by Margaret Brennan
Original Article
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Posted By: earlybird- 5/18/2013 9:01:39 PM
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WASHINGTON - There were new questions Saturday night concerning if anyone in the White House was aware of the IRS´ targeting of conservative groups. Inspector General Russell George said he informed a deputy at the Treasury Department in June of 2012 about the probe into the IRS. The Treasury Department confirmed the timeline but said they did not know the details of the investigation until last week.(Snip)Marcus Owens ran the tax-exempt division at the IRS for 10 years. He said it isn´t difficult to figure out who´s doing what at the agency.
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Camelot Is Burning
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Breitbart´s Big Government, by Christopher Burton
Original Article
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Posted By: mitzi- 5/18/2013 8:16:11 PM
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It began in earnest last Friday. A flash mob of latte drinking, tofu eating media that has done its best to quell, rather than fan the flames of truth, turned on one of their own. Jay Carney lay bludgeoned at the base of the podium, a victim of friendly fire. Ironically, the attack was reminiscent of the one in Benghazi he has repeatedly denied the Administration he represents bears any responsibility for. “Changed twelve times?!” came the cries. And with good reason. We were misled; no, lied to.
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Lew asks Congress for debt increase, says it’s ´not open to debate´
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The Hill, by Peter Schoeder
Original Article
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Posted By: DW626- 5/18/2013 6:12:33 PM
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Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." "We will not negotiate over the debt limit," Lew wrote. "The creditworthiness of the United States is non-negotiable. The question of whether the country must pay obligations it has already incurred is not open to debate." Lew said that while President Obama is willing to discuss plans to reduce the nation´s deficit with Congress, those talks must be kept separate from any effort to raise the nation´s debt cap.
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BREAKING: WashPost Reports Obama DOJ Also Spied on James Rosen of Fox News
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Newsbusters, by Tim Graham
Original Article
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Posted By: drive- 5/20/2013 7:29:20 AM
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The Washington Post on Monday reported that Obama’s Department of Justice was investigating journalists before they started wiretapping the Associated Press – for one, Fox News correspondent James Rosen in 2010. Their headline wasn´t "Obama Team Also Spied on Fox News." Fox wasn´t in the headline, on A-1 or on A-12, where the story continued. Newly obtained court documents “reveal how deeply investigators explored the private communications of a working journalist — and raise the question of how often journalists have been investigated as closely as Rosen was in 2010.” Reporter Ann Marimow began:
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Candy Crowley: Is it Possible This Isn´t Political and IRS Didn´t Intend to Harass the Tea Party?
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Newsbusters, by Noel Sheppard
Original Article
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Posted By: JoniTx- 5/19/2013 3:54:02 PM
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"Can you see in your mind´s eye a way that this might not have been political, that this was a misguided stupid way to sort, but that they didn´t intend it to be some kind of political attempt to harass the Tea Party?" So actually asked CNN´s Candy Crowley of her guest Sen. Rand Paul (R-Ky.) concerning the Internal Revenue Service scandal Sunday (video follows with transcript and commentary):CANDY CROWLEY, HOST: Moving on to the IRS problem at this moment, which is really sort of in its infancy. There will be lots more hearings coming up this week
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