Obama's Greatest Mistake

[flghtr65]

Originally Posted by CuteOldGuy

Yeah. That's the ticket! Obama and Geithner (the tax cheat) got us out of the recession! That's it!



But I don't disagree that Bush Jr. was a horrific mistake, as well. Obama just doubled down on what Bush was doing.

COF, is the USA in a recession right now? The DJIA has climbed over 8,000 points since Bush left office. Yes, the DJIA index is only made up 30 companies, but the Wilshire 5,000 index has OVER 5,000 companies and that went to an ALL TIME HIGH under Obama as well. Fund Managers are smiling all the way to the BANK. Unemploynent is down to 7.5 per cent. The houseing market is comeing back and construction is up. Bush came into office with a SURPLUS, and everything fell apart with poor decisions.

[Chica Chaser]

Originally Posted by flghtr65

You are wrong again COF. The USA's biggest mistake is two terms of George W. Bush! Bush put the USA into a recession. Obama and Geitner got the USA out of a recession.

Originally Posted by flghtr65

COF, is the USA in a recession right now? The DJIA has climbed over 8,000 points since Bush left office. Yes, the DJIA index is only made up 30 companies, but the Wilshire 5,000 index has OVER 5,000 companies and that went to an ALL TIME HIGH under Obama as well. Fund Managers are smiling all the way to the BANK. Unemploynent is down to 7.5 per cent. The houseing market is comeing back and construction is up. Bush came into office with a SURPLUS, and everything fell apart with poor decisions.

You really are drunk on the Kool-Aid

http://www.ibtimes.com/us-recession-...ltered-1155211

Some of the low-lights

Forget the Dow Jones Industrial Average. Ignore the S&P 500. The records that they’ve recently set, although impressive at first blush, tell us almost nothing about the state of the U.S. economy. Indeed, the U.S. is four years into a rebound from a recession that began in 2007 and ended some 24 months later, and still some of the most important economic metrics -- those that affect individuals much more than the performance of the stock market does -- are below pre-recession levels; in other words, this is a slow, febrile recovery unlike any before.

He’s talking about, for example, employment numbers. The March report issued by the Bureau of Labor Statistics showed an abysmal 88,000 jobs created; but worse yet, total employment remained at about 3 million less than pre-recession levels. Moreover, participation in the labor force fell to 63.5 percent, the lowest it's been since 1979.

But employment numbers are just the beginning; the weakness of this recovery infects virtually every important aspect of the economy:

· Annual median household income fell to $45,018 in 2012, down from $51,144 in 2010, according to the Census Bureau.

· Factory output fell 20 percent from late 2007 to June 2009 and by last month had recovered only about three-fourths of this decline, the Federal Reserve reports. In addition, the Fed notes that production of consumer goods in the U.S., which decreased 14 percent during the recession, is still at about half of its pre-recession peak.

· Existing home sales on an annualized basis are 10 percent below their highest levels, and new home sales are down by nearly 20 percent.

· Growth in the nation’s gross domestic product (GDP) is actually slowing, the opposite of what would be expected in a recovery. In the last three months of 2012, U.S. GDP grew an anemic 0.1 percent. For all of last year, the GDP was up only 1.7 percent. By contrast, in 2011, U.S. GDP climbed 2 percent, and in 2008 it was up 2.2 percent.

At the end of last month the Fed had $3.25 trillion of debt on its books, up from about $800 billion at the end of 2008. And on the fiscal side, President Obama pushed through in 2009 an $800-billion-plus stimulus package, a mixture of tax cuts and job programs.

Faced with this unusually weak recovery and the government’s relative impotence, at least one team of economists who carry a significant amount of weight believe that the U.S. is, in fact, in recession -- perhaps not the garden variety recession we are used to (namely, two consecutive quarters of declining gross national product) but a recession nonetheless.

And then there is the proliferation of costly regulations. The Obama administration has approved far more than [George] Bush did in his first three years in office. According to a report from the [White House Office of Information and Regulatory Affairs] report, Obama approved 37 “major” regulations between Jan. 20, 2009, when Obama was sworn into office and Sept. 30, 2011, including 29 that cost more than $100 million, according to FactCheck.org. "During a similar span at the start of the Bush administration, Bush had approved nine — six of which cost more than $100 million. The estimated cost of Obama’s major regulations also far outweighed the cost of major regulations approved by Bush, $18.8 billion to $4.3 billion," FactCheck.org said.

It estimates that the cost of Obama's major regulations cost $18.8 billion, compared with $4.3 billion for Bush.

[steamyromance]

Originally Posted by flghtr65

All of the canidates above will lose 14 out of 16 swing states just like Mitt did. The republicans don't have anyone who can beat Hillary. The republicans have nothing on Obama/Hilliary with Bengazi, FAST & FURIOUS, IRS Scandal. The repubicans can't win at the voteing booth, so they are trying to manufacture scandal.

So whats it it like to be so blind ? Do you actually believe all this shit was made up by Republicans? Do you think the latest charge against the DOJ in regard to James Rosen is fabricated ? I absolutely refuse to accept that you think any of this is American. Pick one item do some research , open your fn eyes.
You need to get scared, the village idiots are always the first to get the hammer.

[Jewish Lawyer]

Originally Posted by Yssup Rider

I will have to mention that JL has become the LEAST popular member of ECCIE!

sorry, bubbeleh. You're toast!

Your assertion is unsupported by the facts, grandma!

[Jewish Lawyer]

Originally Posted by flghtr65

All of the canidates above will lose 14 out of 16 swing states just like Mitt did. The republicans don't have anyone who can beat Hillary. The republicans have nothing on Obama/Hilliary with Bengazi, FAST & FURIOUS, IRS Scandal. The repubicans can't win at the voteing booth, so they are trying to manufacture scandal.

It is noted you didn't mention the AP scandal as one they are trying to manufacture.

[Yssup Rider]

Originally Posted by Jewish Lawyer

Your assertion is unsupported by the facts, grandma!

Ask around.

[Jewish Lawyer]

Originally Posted by Yssup Rider

Ask around.

Hey, I thought that was Whirlaway's response for a second - the avatar fooled me. You are a tricky little faggot, aren't you?

[Yssup Rider]

Tricky little faggot?

Nice talk, merkin muncher.

[CuteOldGuy]

[Yssup Rider]

Nice one Whiny. You cut and paste REAL good.

[CuteOldGuy]

[Yssup Rider]

[Randy4Candy]

Originally Posted by Yssup Rider

Most excellent!!!

But I'll have to say that the photo of Ayn Rand has had the HELL photoshopped out of it.

[cptjohnstone]

.

[JD Barleycorn]