Obama = Epic Failure - Updated Daily for your convenience!

[S55inPA]

for Obama's plans to succeed.....the federal government is going to hire 250,000 new employees!......at least the unions are happy. http://www.msnbc.msn.com/id/29474702/ here is a great op ed. somebody saying it like it is. "Obama Lied; The Economy Died" http://www.washingtontimes.com/news/...-economy-died/

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[bigben320e]

Originally Posted by Akademiks

And you're truly clueless if you think this can be blamed on Obama.

Clearly, not like the war Bush started got us into this deficit; you know losing billions a day and everything, yeah Bush had nothing to do with that.

Good point, and let's stop dancing around the subject. I think it was made pretty clear that Bush made some blunders. Note I am not bashing the man, but it is what it is.

I nor anyone else at this point can blame Obama for anything just yet, how long has he been in office? Is that logically long enough to say he is an epic failure?

[240D 3.0T]

"Worst president in history" is a tad bigger than a blunder.

[RobertG]

Look at the stock market since Obama has won the election in Nov.
He was not bashful anouncing raising taxes on people that have money and they responded by not investing like they used to.

It feels good to give to charity willingly and it sucks when you are being forced to give.

Obama's bacon is hurting this Country, not helping to get us out of this rut.

[MG]

Originally Posted by Akademiks

And you're truly clueless if you think this can be blamed on Obama.

Clearly, not like the war Bush started got us into this deficit; you know losing billions a day and everything, yeah Bush had nothing to do with that.

Originally Posted by Akademiks

Yeah, look how well off we are because of him.

I'm curious about how old you are and what your education level is. You appear to not understand the very basics about the economy.

"Deficits" did not put us where we are today. The Real Estate Bubble started well back into the early to mid 90s, It was fed by loose money and the government advocating for loans for people who did not deserve them.

Since the bubble collapsed (again, nothing to do with Bush or "deficits") all of Obama's reactions have been dictated by Reed and Pelosi. They are frustrated socialists and have absolutely no interest in fixing the economy. All they want to do is use the crisis as an opportunity to hammer through all of the socialist crap they haven't been able to do since 96.

Obama is merely their rubber stamp, and he will take the fall for all of this epic fail going around.

[MG]

Originally Posted by S55inPA

for Obama's plans to succeed.....the federal government
is going to hire 250,000 new employees!......at least the unions are happy.

http://www.msnbc.msn.com/id/29474702/


here is a great op ed.
somebody saying it like it is.

"Obama Lied; The Economy Died"

http://www.washingtontimes.com/news/...-economy-died/

http://online.wsj.com/article/SB123604419092515347.html

The Obama Economy
As the Dow keeps dropping, the President is running out of people to blame.


As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

[qianlimoro]

Originally Posted by MG

http://online.wsj.com/article/SB123604419092515347.html

Personally, I think the market will dip below 6k, maybe below 5k.

We won't have any sort of stable "market confidence" for years. We're still waiting for the other shoe to drop in the real estate market. The 60 trillion in credit default swaps are still in somebody's portfolio. Stimulus or not, Obama or McCain, some things are going to have to run the course.

Blame whomever you want if it makes you feel better.

[Mister Brenton]

But as long as the nation is obsessed with historic milestones, is no one going to remark on what a great country it is where a mentally retarded woman can become speaker of the house?

-Ann Coulter

[qianlimoro]

Originally Posted by Mister Brenton

But as long as the nation is obsessed with historic milestones, is no one going to remark on what a great country it is where a mentally retarded woman can become speaker of the house?

-Ann Coulter

Ann Coulter is speaker now?

[Spartan]

History is repeating itself.

The market in the great depression was spiraling down and DESPITE the same kind of measures Obamanation is undertaking now, the economy was still a disaster. At that time, we had an agricultural problem to go along with the death spiral, now we have a manufacturing problem to go along.

Only ONE thing will solve this recession and that is MANUFACTURING jobs. Not these government make work projects. Sadly, Obamanation and three quareters of the worlds leaders are more concerned to look good then to do the right things.

.

[Mister Brenton]

I swear people are just making up words lately. What the heck is manudacturing?????

[Spartan]

Originally Posted by Mister Brenton

I swear people are just making up words lately. What the heck is manudacturing?????

That's what happens when you type a hundred words a minute from four feet away and not bothering to spell check.

And what is this "Mister" thingy? You ain't feeling the love?

[MG]

Originally Posted by Spartan

History is repeating itself.

The market in the great depression was spiraling down and DESPITE the same kind of measures Obamanation is undertaking now, the economy was still a disaster. At that time, we had an agricultural problem to go along with the death spiral, now we have a manufacturing problem to go along.

Only ONE thing will solve this recession and that is MANUFACTURING jobs. Not these government make work projects. Sadly, Obamanation and three quareters of the worlds leaders are more concerned to look good then to do the right things.

.

The market spiralled and languished BECAUSE of, not despite, the government's actions, the same is the case here. Unless Business leaders have confidence in the stability of the field of play, they will not make longer term investments. They will simply be risk adverse and sit out the decline until the stability reappears.

All of this herking and jerking the Administration is doing is killing confidence and we are slowly losing the 3Q09 uptick window.

[qianlimoro]

Originally Posted by Spartan

...Only ONE thing will solve this recession and that is MANUFACTURING jobs....

I'm not so sure.

"Some say that manufacturing is special, because the rest of the economy depends on it. In fact, the economy is more like a network in which everything is connected to everything else, and in which every producer is also a consumer. The important distinction is not between manufacturing and services, but between productive and unproductive jobs."

Manufacturing is no bed of roses right now either.

http://www.economist.com/opinion/dis...most_commented

The easy answer right now, is there is no easy answer.




Damn, you edited. I was responding to MANDUACTURING...

[Spartan]

Originally Posted by MG

The market spiralled and languished BECAUSE of, not despite, the government's actions, the same is the case here. Unless Business leaders have confidence in the stability of the field of play, they will not make longer term investments. They will simply be risk adverse and sit out the decline until the stability reappears.

All of this herking and jerking the Administration is doing is killing confidence and we are slowly losing the 3Q09 uptick window.

Didn't you know that taxing those who invest is the best thing to do to bring up the market?

Who said there is a 3Q09 uptick window? Up here we expect a WORSE 3rd quarter because all those building projects will be finish off and nothing is in the works.

[M1M2M3]

manufacturing is dead in this country, with the education level our citizens should have, no one should want to be bothered with it either.

[MG]

Originally Posted by Spartan

Didn't you know that taxing those who invest is the best thing to do to bring up the market?

Who said there is a 3Q09 uptick window? Up here we expect a WORSE 3rd quarter because all those building projects will be finish off and nothing is in the works.

The window to cause an uptick in the 3Q is now, the 1Q. But Obama's big rubber stamp clown shoes are making a mess of all investment opportunities as he rushes all over the place carelessly trodding on everyone of any means in his rush to fulfill Madame Pelosi and Whipping Boy Reed's agenda.

If those twits don't settle down and pull their fingers out of our pie soon, we will be sunk for the entire year.

[M1M2M3]

Originally Posted by MG

The window to cause and uptick in the 3Q is now, the 1Q. But Obama's big rubber stamp clown shoes are making a mess of all investment opportunities as he rushes all over the place carelessly trodding on everyone of any means in his rush to fulfill Madame Pelosi and Whipping Boy Reed's agenda.

If those twits don't settle down and pull their fingers out of our pie soon, we will be sunk for the entire year.

an uptick for 3Q was more hopeful than even Obama's campaign, get real.
The real estate pain isn't even close to being complete.

[Spartan]

Originally Posted by qianlimoro

I'm not so sure.

"Some say that manufacturing is special, because the rest of the economy depends on it. In fact, the economy is more like a network in which everything is connected to everything else, and in which every producer is also a consumer. The important distinction is not between manufacturing and services, but between productive and unproductive jobs."

Manufacturing is no bed of roses right now either.

http://www.economist.com/opinion/dis...most_commented

The easy answer right now, is there is no easy answer.

[/i]...

Long before the econmy went to hell in a handbasket, I always wondered how we would come out of a recession if we let all our jobs get shipped to China. In '81, I was working for a multibillion dollar major and we knew that the recession then was nothing more then a few years pain that would go away and everybody would be back to making goods. Same thing in '91. NOW, I wonder, how exactly is everybody going to get back to work when a vast numbers of jobs have been exported.

Through the last 15 years or so, there was an continuously inflating bubble in construction to offset the jobs losses in manufacturing. BOTH of these were the foundation of the economy and BOTH of these are in serious trouble.

The solution to manufacturing practically lays in a trade war and the solution in building lays in more debt. Which poison will it be?

[MG]

Originally Posted by M1M2M3

an uptick for 3Q was more hopeful than even Obama's campaign, get real.
The real estate pain isn't even close to being complete.

I think you've proven your complete lack of ability in economics. Why don't you just leave it there?

[qianlimoro]

Originally Posted by MG

I think you've proven your complete lack of ability in economics. Why don't you just leave it there?

So you're saying the "real estate pain" is behind us? LOL!

[M1M2M3]

Originally Posted by MG

I think you've proven your complete lack of ability in economics. Why don't you just leave it there?

Ok you're the wiz kid

[MG]

Originally Posted by M1M2M3

Ok you're the wiz kid

Lets take it to TOW then. Stop crapping in S55's thread.

[MG]

Originally Posted by qianlimoro

So you're saying the "real estate pain" is behind us? LOL!

Never once uttered that phrase. Don't attribute M1's stupidity to me.

[M1M2M3]

Originally Posted by MG

Never once uttered that phrase. Don't attribute M1's stupidity to me.

you're just running off at the mouth, no one looking at the big picture thought there was even a remote chance 3Q would be the rebound. The most optimistic people were saying 4Q, and that has come to be a joke also.