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More Bush-Obama Jobs FAIL insight for you Obama-bots


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#1 SCP

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Posted 08 March 2010 - 04:26 PM

Your boy Obama is no better than Bush. Admit it.

The Labor Department reported the economy shed 36,000 jobs in February and the unemployment rate held 9.7 percent. Counting workers compelled to work part time for lack of full time opportunities and discouraged workers that have quit looking, the unemployment rate rose to 16.8 percent.

Continuing job losses indicate President Obama’s stimulus spending and support for the banks have failed to turn the economy around. In an economic recovery, jobs are a lagging indicator, not a never indicator.

Eight months into the much touted recovery, the economy should be adding jobs not losing jobs at a slower pace. No study of economic history could yield a conclusion other than that the U.S. economy walls along the precipice of a double dip recession.

To add jobs, businesses need customers and capital. Businesses lack customers because of the yawning trade deficit with China, and capital because the Bush-Obama bank bailout enriched Wall Street financiers without fixing the problems of the 8,000 regional banks that do the tough lending.

Stimulus spending and subsidies for Wall Street financiers are palliatives—more accurately, an ice pack for the hangover from the Bush years of heavy borrowing, and shabby financial practices that began with Enron and continue at Goldman Sachs today, through shameful tactics such financial engineering to cover up Greece’s financial blight to selling of mortgage backed securities to investors while it shorts the market.

Regional banks have not benefited from the TARP, which was intended to create an elaborate analog to the Savings and Loan Crisis Resolution Trust Corporation. Instead, the 8,000 regional banks lack money to lend businesses.

No customers, no capital, no jobs

Failing to address root causes of economic malaise invites decline.

President Obama and speaker Nancy Pelosi obsess about income redistribution in every piece of legislation, ranging from health care reforms to road construction.

A just distribution of wealth is a noble goal, but there must be wealth to distribute.

The American economy is at sea. Without rudder or compass, America navigates an iceberg field while the ships’ captain and pilot focus on a well stocked bar, lest the passengers become aware of their imminent peril.

http://forums.logist...ead.php?p=41361
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#2 cookinwithgas

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Posted 08 March 2010 - 04:28 PM

Gee whiz, Obama didn't wave a magic wand. I'm so disappointed.

However if you have to coach it in terms of who the President is vs. how the economy is, we've at least flatlined on job loss and such with Obama, while it was a free fall when Bush was in, so you lose again.

#3 Jangler

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Posted 08 March 2010 - 04:49 PM

A month ago Obama said they would create 95,000 jobs a month. Down 36,000 for last month... Using the weather as an excuse, I wonder what will be the excuse in June July and August. Too Hot? Too Dry? B.I.O.B.??

#4 SCP

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Posted 08 March 2010 - 04:53 PM

A month ago Obama said they would create 95,000 jobs a month. Down 36,000 for last month... Using the weather as an excuse, I wonder what will be the excuse in June July and August. Too Hot? Too Dry? B.I.O.B.??


It will be back to global warming again. It's all cyclical with liberals.

#5 SCP

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Posted 08 March 2010 - 04:57 PM

Gee whiz, Obama didn't wave a magic wand. I'm so disappointed.

However if you have to coach it in terms of who the President is vs. how the economy is, we've at least flatlined on job loss and such with Obama, while it was a free fall when Bush was in, so you lose again.


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#6 cookinwithgas

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Posted 08 March 2010 - 04:59 PM

From "fact" to "funny distracting graphics" in 3 posts, with an overbearing generalization thrown in the middle for fun, I like it.

#7 Jangler

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Posted 08 March 2010 - 05:01 PM

Even the Lefty ACLU sees it! :lol:

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#8 pantherfan49

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Posted 08 March 2010 - 05:02 PM

Obama is an idiot.

So is Bush.

#9 pantherfan49

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Posted 08 March 2010 - 05:04 PM

Even the Lefty ACLU sees it! :lol:

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You are seeing the left beginning to compare Obama to Bush because Obama has been so bad they want the public to believe that it was because he was too conservative and not liberal enough. This is all total BS as Obama is the most liberal president the US has ever had, but who gives a rat's ass about the truth?

#10 SCP

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Posted 08 March 2010 - 05:10 PM

From "fact" to "funny distracting graphics" in 3 posts, with an overbearing generalization thrown in the middle for fun, I like it.


Obamafail

Continuing job losses indicate President Obama’s stimulus spending and support for the banks have failed to turn the economy around.



#11 Porn Shop Clerk

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Posted 08 March 2010 - 05:13 PM

Strange that I've never really considered the ACLU a 'lefty' organization, but one of the more pragmatic institutions in America.

They do have their bias, but I would say only slightly, and not enough to be considered more than the liberal end of the centrist spectrum.

#12 SCP

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Posted 08 March 2010 - 05:16 PM

Strange that I've never really considered the ACLU a 'lefty' organization, but one of the more pragmatic institutions in America.

They do have their bias, but I would say only slightly, and not enough to be considered more than the liberal end of the centrist spectrum.


Thanks for the PSA. Now back to the regularly scheduled Obamafail.

Lets see...... oh, here we go

President Obama and speaker Nancy Pelosi obsess about income redistribution in every piece of legislation, ranging from health care reforms to road construction.

Obamafail

Edited by SouthCakPanther, 08 March 2010 - 05:18 PM.


#13 Porn Shop Clerk

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Posted 08 March 2010 - 05:20 PM

Oh you mean politicians are worried about how to replace the funds for government services that have been siphoned off for pet projects and vote buying programs over the last 50 years?

Do tell.

Just don't mention privatizing social security, or then you'll see real Obamafail.

Just don't act like repubs don't do the same thing when this poo rolls down your side of the hill. :)

#14 pantherfan49

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Posted 08 March 2010 - 05:35 PM

Strange that I've never really considered the ACLU a 'lefty' organization, but one of the more pragmatic institutions in America.

They do have their bias, but I would say only slightly, and not enough to be considered more than the liberal end of the centrist spectrum.


They are supposed to be a social libertarian organization but they blew their cover when they started supported affirmative action, exposing themselves as really just another liberal political group.

I support a lot of what they do, but they need to be honest about who they are. The same could be said for a lot of other political groups.

#15 pantherfan49

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Posted 08 March 2010 - 05:37 PM

Just don't act like repubs don't do the same thing when this poo rolls down your side of the hill. :)


Repubs do it to and Repubs will also lead to the downfall of our economy, just not as quickly as Mr. 1.4 Trillion dollars Obama.


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