For most of his first term, President Obama successfully sold a line to the public that economists will tell you is, at least in part, intellectual snake oil. He managed to blame our historically slow economy almost entirely on President George W. Bush. Polls taken right after the 2012 election showed that one of Mitt Romney’s biggest failures—and the GOP presidential candidate had staked almost everything on this point—was persuading U.S. voters otherwise. But this week’s dramatic economic news, timed with the start of Obama’s second term, suggests that the political debate,
Comments: Please grasp how & when to split headlines. Counting 35-40 characters maximum, including spaces is what works for a computer screen. Be consistent in posting to word limit. LCom Staff.
Yes Michael, it is obama´s economy at last--numbers written are not truthful. People have not regained what was lost in the market slump, living costs are considerably higher as is everything from utilities to peanuts. Check out the cost of gasoline. The dollar has been greatly devalued these last 4 years and what in the devil will all of our amenities cost us by year´s end. We know insurance will be higher. So, yes, he darn sure owns the economy!
Cripes, informed conservatives knew the economy was going to flatline and we would be bouncing along the bottom the second this idiot got elected and that there would be no good news until this horse´s ass is history . I´m so friggin disgusted with the electorate it makes me sick.
I´m sorry but this clown and HIS PARTY have owned "this economy" since January of 2007. The Republicans picked up the check book after the 2010 midterms and they´ve done a HORRIBLE job with it too......
Reply 9 - Posted by:
old dog, 3/11/2013 12:39:50 AM (No. 9218683)
Well sorta makes you wonder which day this week the over ripe privey on Wall Street will finally split it seams? after all it is the "Chicago Way"! maybe a monday to friday mini-lottery would whet the "compulsive gamblers" into their last little fling.....yep it sure is YOUR ECONOMY URKEL!
When zerØcare arrives in 2014 the economy is going to tank as it hasn´t since 1928. I haven´t had a pay raise in 5 years. Let´s see. What has been around for 5 years. They economy is still in bad shape and won´t improve until there is an American in the White House.
Obama is unconcerned with the economy ... his focus is his version of "reparations" which he will achieve via ObamaCare and taxes. Bernanke will print infinite money out of thin air for the next 3 years, destroying the American currency and thus punishing Americans on fixed incomes, and those who have saved their money. When Obama´s term is up, Obama will go on speaking tours earning, perhaps, millions in fees, while the economy will be in shambles which, when his successor takes over, will be blamed on "obstructionist" republicans, and the idiot public will drink that snake oil blame game too.
I foundit pretty funny last week,how Onama´s apprials plumetted and then a coupld days laters a flood of good economic news came out of no where. Of course if you dig into the science of the economic news,the blather far exceeds the actual results.Who would have thought applause signs would be everywhere because unemployment claims went down 7000 over the prior week?
This kind of favorable news for Obama is about to get a lot worse if Perez is named Labor Sec.This guy is a left wing activist on steroids.I´d be interested to hear what Christian Adams would say about this joker if he´s allowed to testify during the hearings. The Obama propaganda operation is always looking for new ways to extend their reach.
So two weeks ago, we had 360,000-some new unemployment claims and there were lots of excuses. Then one week later, the jobs report says we added 250,000-some jobs and it was like the heavens opened up and poured manna on 0bama.
Excuse me, I´m just a lowly math teacher, but didn´t we still have a net loss of ~100,000 jobs? How is this cause for celebration?
Perhaps they´ve changed the definition so much I no understand what they´re talking about. That might be the desired point.
If the drive-by media can pluck one iota of good economic news out of a ton of bad news, they´ll claim it´s because of Obama. When they can´t find anything good, it´s all Bush´s fault. Barry plays the same trick.
I don´t understand. The business guys on the radio (the station that used to have conservative talk show hosts)is telling us everything is looking great. Our economy is looking good, things are going swell. The DJs all say obama is doing a good job and our economy is on the upswing.
Meanwhile, in the real world, a couple more stores in my town went out of business, our food pantry can´t keep up, the parking lots of the salvation army and st. vincent de paul are loaded, and my trip to the grocery stores show me people with only a few things in their carts.
#8 -- Explain to me how the Republicans, at the federal level, picked up the checkbook in 2010? They basically picked up the ability to slow down the Democrats in 2010, which they´ve done. They won´t have control of the purse strings until they capture the Senate too. Let´s not pretend they have as much control/power as we´d like for them to have.
Now, the Republican Governors are a different story and for the most part, they are doing a great job at turning around their states...along with quite a few state legislative bodies that are now in GOP hands.
FTA: Obama has his work cut out for him if he wants “his” economy to look like a positive legacy four years from now.
If I live through 2016, there won´t be one positive thing I will remember about this Obamanation of eight years.
There were positive things that JFK did and I was not an admirer of him. While I didn´t respect LBJ, Carter,or Clinton, I didn´t have feelings of such utter contempt for them as I have for this fraud who sits in the People´s House.
I´ve tried to analyze the distinction of my feelings, and the best I can come up with is that Obama is a true fraud! There is nothing American about him, no matter where he was born. His governing principles are the antithesis of American values. In fact, his value system is one of destroying 235 years of history and rebuilding in his own image.
He is a sick, sick man motivated by even sicker people such as Valjar and Soros. I hope Republicans stop saying "he´s nice enough but he´s misguided." They better wake up quickly or all that they hold as sacred will not exist by 2016.
This article is very naive. In 2016, it will be even MORE the Bush economy because in four more years, not a single Republican candidate or campaign will have even tried to expalin why this is a liberal economic train wreck, so the lie will have hardened for four more years. Blame must be assigned, because it is not assumed. The Dems are the only ones assigning it, that´s why they have won that battle.
FTA: "In addition, Wall Street, the culprit behind the last disaster, may be at least as hard to rein in as it was four years ago."
Sorry, but you are wrong. The problem is the banking system. The Federal Reserve wields the power to print money and the banks have been allowed to create extremely high leveraged bets. Don´t blame this on Wall Street. The reason the Federal government does nothing about it (Dodd-Frank was a joke) is that the Federal Reserve buys the majority of US Treasury bonds which allow the government to grow. Without that, the system collapses and so does the power of the elites. I guess Hirsch is part of the power elite. Surely, he knows the truth. Why do you think they called "Occupy ´Wall Street´"? Because the blame needed to be shifted away from the banks.
Of course, you get accused of wearing a tin foil hat when you give this opinion. Which is why this charade will continue until it no longer can.
47% parasite takers will NEVER blame 0bama or even the ´Rats. Will the incremental six percent finally decide they have had enough? That and only that is the critical question. 0bama will never be held accountable. MSM and the Left have put in far too much effort to make that happen.
The main aspect about the whole Obama presidency is that the man simply does not care about the economy. So no bets on improvement from here on. If anything he wants run up America´s debt to extremes never reached, to crash the economy and start over with no free market, police state, individual freedoms gone, etc.
BTW: three of the MSM alphabets started their evening news the other night with the propaganda story on the V8 moment unemployment numbers. Isn´t that ironic? Shazam. The White Haus is at it again.
But to hear the patter this AM on Morning Joe, you´d think the economy´s booming. After all, the job figures are the best they´ve been in 4 years. Of course January´s numbers were revised, as these will be. This was just to counteract all the overselling of the sequester´s effects.
#18, I feel the same way and I´ve winnowed it down to this - 0bama is EVIL.
The fault for all of our economic woes goes back to the damnocrat takeover of congress in January 2007 and the sub-prime mortgage fiasco brought to us by Carter, Clinton, Bawney Fwank and Chris Dodd. In truth, the economy should be referred to as the "Pelosi Economy". Zippy has only made everything worse. Much much worse.
From a layperson´s point of view, the economy is definitely not improving. There are no jobs and everything you need costs more, and Obamacare will be the final nail in the coffin.
There is ample blame to go around and it started decades ago when politicians, lobbyists, Wall Streeters, and big bankers got very friendly. Everyone was gaming the system on the back of the working man/woman. Deals were made and pockets were lined. It was the golden age of greed. Now we are experiencing the aftermath of a corrupt government.
Crony capitalism has been the death nell. When the philosophy of situational ethics took hold, moral values were the hardest hit. No longer were men subject to the concept of right and wrong. They were their own gods and acted accordingly. This economy can never be fixed until the country embraces the concepts of honor, good character and a strong work ethic. A capitalistic system must have those values at its core.
No one speaks of accountability. Men who rape their companies and still receive huge bonuses and politicians who exchange their integrity for power and greed must be held responsible. The working American paying taxes and obeying the law has been picked clean by a system filled with greed and corruption.
Let´s get real Bush will always be blamed along with the Republicans. Obama and his media has done a great job of destroying the Republican party. If a million more people were unemployed it wouldn´t be reported. Everyone could be living in cardboard and tin shacks across the nation and it would be reported as a ´housing boom´. The first black president will remain the greatest president this nation has ever had. He can´t fail and won´t fail. Wall Street is just the recipient of the Feds printed money and that´s were the money mongers thrive while the nation slips into a deeper morass of poverty.
I knew over a year ago that we´d see a bump in employment as I still have friends in construction engineering. They were swamped with the design of apartment buildings. I mean big projects from San Diego to San Francisco. That was a leading indicator for me. I still think inflation is coming. How can it not be?
With respect #6, it ain´t *the electorate* that´s at fault. It´s the 4 million pubbies who refused to get off their duffs and get out to vote for Romney and against Ob-noxious. Ol´ Mitt wasn´t pure enough for them. How´s that self-righteousness doing for them now?
FDR screwed up his second term right after he scored a landslide win. Tried to expand SCOTUS to 15 members in an infamous "court-packing" scheme. Lost all his shine after that failed.
Only Hitler´s idiocy in starting WWII in September 1939 enabled FDR to run for the third term and then a fourth. The war restored world economic growth, not the New Deal policies. WWII made and saved FDR. Zippy won´t be that lucky.
This the the economy of the big LIE. Treasury and the Fed have conspired to inflate the money supply at a rate that is having devastating consequences on consumers and savers. All commodity prices continue to rise monthly; but those do not count in the CPI. The stock market is flooded with buy orders from brokerages flush with cheap cash. Why wouldn´t the DOW climb? Lots of cheap dollars with which to purchase stocks.
It´s the big LIE folks, and it cannot go on forever.
Must agree with so many other L-dotters. The American economy has been brought to it´s knees by the Demonrat party and their policies. They have been in control since 2007, and the majority of the blame can be handed to that puffed up Demonrat, Piglosi.
#18 Ensign, great comment, completely agree. The distinction with Obama is recognising he and those around him are not just those I disagree with...I believe he and his comrades are evil.
#4..don´t be so certain about ´14....unless those electronic voting machines are destroyed another election will be stolen and these godless thugs will continue to reign
Consider Soros and his money...the many people he has purchased and owns ...the media he owns and directs ...one has to wonder what drives him....I think he is trying to relive his most glorious exciting chapter...when he had the ultimate control... His "open society" like most of his names entities are the reverse of what they advertise
Stellar business news continues to flow seemingly unabated for Louisiana. The latest comes from Southern Business & Development magazine which named our state and Texas as Co-State of the Year for 2013 recipients. And Louisiana is no flash in the pan. The Bayou State has won or shared the magazine’s No. 1 ranking four of the past five years. Southwest Louisiana had a significant role in Louisiana’s ranking.
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FORNEY, Texas - George Zimmerman, the former Florida neighborhood watch leader cleared of all charges in the shooting death of Trayvon Martin, was pulled over for speeding in North Texas on Sunday, CBS DFW reports. According to the station, Zimmerman was armed when officers pulled him over on Highway 80 in Forney, east of Dallas. (Snip) The officer reportedly did not recognize Zimmerman, who was driving a Honda pickup. Zimmerman told the officer he was armed and was then told to put the weapon in his glove compartment, according to the station.
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