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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Thu Jul 12, 2012 11:09 am 
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The stimulus not only worked, it prevented the Great George Bush Recession into turning into the Great George Bush Depression.
once again for the braindead:
http://www.youtube.com/watch?v=iVBbHTdascg
Quote:
Congressional Budget Office defends stimulus
By Lori Montgomery, Published: June 6, 2012
Did the stimulus work?

Certainly not according to Republicans, who regularly blast President Obama’s “failed” economic policies on the campaign trail. GOP presidential candidate Mitt Romney has called the $787 billion package of temporary tax cuts and spending hikes “the largest one-time careless expenditure of government money in American history.”

But on Wednesday, under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree.

In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise.
“Only 4 percent disagreed or strongly disagreed,” CBO Director Douglas Elmendorf told the House Budget Committee. “That,” he added, “is a distinct minority.”

Elmendorf’s testimony came in response to questions from Rep. Tim Huelskamp (R-Kan.), a member of the tea party caucus. Huelskamp asserted that the stimulus was a failure because it did not keep the jobless rate below 8 percent, as the Obama administration predicted.

“Where did Washington mess up?” Huelskamp demanded. “Because you’re saying most economists think it should’ve worked. It didn’t.”

Most economists not only think it should have worked; they think it did work, Elmendorf replied. CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession.

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Thu Jul 12, 2012 11:16 am 
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hundreds of thousands of Americans people exhausting and losing their unemployment benefits does NOT constitute a gain in employment.

Americans giving up after searching for over 2 years for employment have stopped looking does NOT constitute a gain in employment.

More and more people are going on disability which we will have to pay for forever because they can't find a job does NOT constitute a gain in employment.

Creating hundreds of thousands of gub'mint crony jobs does NOT constitute a gain in employment.

Filling seasonal jobs that crop up every farming season does NOT constitute a gain in employment.

this ass hole went so far as to claim the census takers as employed full time.

sorry edge...DUMBO can spin the numbers all he wants..it just doesn't work that way

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Thu Jul 12, 2012 11:33 am 
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Quote:
Creating hundreds of thousands of gub'mint crony jobs does NOT constitute a gain in employment.

Making up crap and repeating right wing lies does not make it fact.
Over 1.2 MILLION gub'mint jobs have been cut.
The unemployment rate is the fault of the Republican House.

From the CONSERVATIVE Wall Street Journal:

Quote:
Wall St. Journal: Unemployment Rate without Government Cuts – 7.1 Percent Instead of 8.1 Percent

Posted on May 18, 2012 |

Justin Lahart from the Wall Street Journal recently pointed out the impact of the public sector job cuts on the unemployment rate. Guess what? It’s bad. Really bad.

Lahart wrote, “The unemployment rate would be far lower if it hadn’t been for those cuts: If there were as many people working in government as there were in December 2008, the unemployment rate in April would have been 7.1%, not 8.1%.”
An unemployment rate of 7.1 percent! Unemployment hasn’t been that low in nearly three and a half years.

These cuts to public sector jobs have been a double whammy for women. As we’ve noted, government job cuts have been driving women’s job losses in the recovery. But women are also more likely to rely on many public services than are men – from child care assistance to meals-on-wheels – so these losses hit many women twice.

And what’s worse – House Republicans recently passed a budget that slashes government spending even more. If they had their way, not only would further spending cuts lead to more public sector job loss, but programs that provide vital support for struggling families – programs like food stamps, child care assistance, and Medicaid – would all be slashed.

At a time when unemployment remains high and the economy is slowly recovering, one thing seems clear to me: we need jobs, not cuts to vital services.

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Last edited by edge540 on Thu Jul 12, 2012 12:51 pm, edited 1 time in total.

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Thu Jul 12, 2012 11:39 am 
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What's the GOP solution?
Why it's cutting more firemen, cops and teachers, more tax cuts for the wealthy and more deregulation because that has worked so well the past 12 years.

Quote:
Unemployment Rate Would Be 7.1 Percent Without Government Job Cuts: Report

The Huffington Post | By Bonnie Kavoussi Posted: 05/08/2012 3:04 pm Updated: 05/08/2012 3:04 pm
The unemployment rate would have been 7.1 percent without government austerity, according to Labor Department data cited by The Wall Street Journal.
In an analysis sure to bolster austerity critics, Justin Lahart at the Wall Street Journal crunched April's jobs numbers and discovered that if not for government job cuts since the financial crisis, the unemployment rate would have been at a more sustainable 7.1 percent in April.

That's 12 percent lower than April's 8.1 percent jobless rate.

The government has slashed its workforce by 6 percent since December 2008, putting 1.2 million workers out of a job. In Congress, many are arguing for more cuts in government spending.
Theoretically, the unemployment rate would have been even lower, tweeted University of Pennsylvania economics professor Justin Wolfers. He mentioned the "fiscal multiplier" effect--if more workers were employed by the government, their spending would have created more jobs in other parts of the economy or at least prevented those jobs from getting cut -- a factor that the WSJ analysis doesn't account for.


http://www.huffingtonpost.com/2012/05/0 ... 99868.html

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Fri Jul 13, 2012 6:05 am 
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edge540 wrote:
Thanks proving my point Dwight, the The Gramm–Leach–Bliley Act was passed by congress not Larry Summers. The fact that Larry Summers suported REPUBLICAN deregulation is beside the point. Your source supports the democratic argument that deregulation caused the financial clusterfuk, something that republicans deny. Good job.
Question:
Do you support the GOP and more deregulation of Wall Street or do you support the DEMOCRATIC idea of more regulation and government oversight?


My point is Larry Summers played a very important roll in repealing Glass Steagall and even convinced Clinton of it too. Thats one of the jobs of the secretary of treasury. Democrats are just as much to blame. You make off as if no dems voted for it .

The dems have done nothing to regulate Wall Street...nothing. I support bringing back Glass Steagall. Your boy Obama is no different...bought and paid for just like the rest of them. :smt006

http://www.treasury.gov/about/role-of-t ... fault.aspx

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Sun Jul 15, 2012 2:24 pm 
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Quote:
Top 10 Obamacare taxes coming your way
Human Events


If you have yet to make up your mind about the Affordable Care Act, this list might help you decide.

1. Individual mandate

Obamacare may have been upheld as constitutional by the Supreme Court, but Chief Justice John Roberts’ extraordinary opinion clearly labeled the law’s individual mandate a tax. Whether the power to enact a penalty for failing to purchase a product derives from the Commerce Clause or Congress’ taxing authority makes little difference. Every American will have to purchase health insurance and those who don’t will face an IRS-enforced tax that totals 2.5 percent of adjusted growth income in 2016.

2. Employer mandate

At a time when America needs jobs more than anything else, along comes Obamacare and its tax on businesses that don’t offer healthcare benefits. Companies with more than 50 employees will have to pay a tax of $3,000 per employee, a sure-fire way to keep companies from hiring new workers. Perversely, this measure will also encourage some employers to drop their health coverage and pay a fine that costs less. In both cases, the measure works against many vulnerable Americans.

3. Investment income surtax


READ MORE:
http://www.humanevents.com/2012/07/14/t ... -your-way/

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Mon Jul 23, 2012 5:52 pm 
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BBBWBWWWWHHAHAHAHAHAHAHAHAHAAAAA


Quote:
Obama Defends Foreign Policy Record, Declares ‘New Era’ of US Leadership
ABC News, by Mary Bruce


RENO, Nev. — President Obama today argued that his foreign policy has ushered in a “new era of American leadership,” while suggesting that Republican rival Mitt Romney has not shown he is ready to be commander in chief.

“Four years ago, I made you a promise. I pledged to take the fight to our enemies and renew our leadership in the world. As president, that’s what I’ve done,” Obama said at the national convention for the Veterans of Foreign Wars.

“As you reflect on recent years, as we look ahead to the challenges we face as a nation and the leadership that’s required, you don’t just have my words, you have my deeds. You have my track record. You have the promises I’ve made and the promises that I’ve kept,” he said.

Just days after the campaigns suspended their attacks on one another following the Colorado massacre, the president returned to the previous combative tone of the race.


http://abcnews.go.com/blogs/politics/20 ... eadership/

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Tue Jul 24, 2012 9:18 pm 
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Poll: More Voters Now Blame Obama For Bad Economy Than Bush
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Finally!

Quote:
Two-thirds of likely voters say the weak economy is Washington’s fault, and more blame President Obama than anybody else, according to a new poll for The Hill.

It found that 66 percent believe paltry job growth and slow economic recovery is the result of bad policy. Thirty-four percent say Obama is the most to blame, followed by 23 percent who say Congress is the culprit. Twenty percent point the finger at Wall Street, and 18 percent cite former President George W. Bush.

The results highlight the reelection challenge Obama faces amid dissatisfaction with his first-term performance on the economy.

The poll, conducted for The Hill by Pulse Opinion Research, found 53 percent of voters say Obama has taken the wrong actions and has slowed the economy down. Forty-two percent said he has taken the right actions to revive the economy, while six percent said they were not sure.

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Fri Jul 27, 2012 9:34 pm 
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DNC Homepage Shows More Romney Attack Ads -- Than Obama Accomplishments

Just like the liberal idiots do here...

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Sun Jul 29, 2012 10:56 am 
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thank a liberal for this.



Quote:
Do We Want To Buy Canadian Oil From The Chinese?
Investor's Business Daily


Energy Policy: Buoyed by White House inaction, China's state-owned oil company has made a multibillion-dollar bid for a Canadian company with interests in Canada's oil sands — North American oil for the lamps of China.

'Do we really want to be buying our oil or Canadian oil back from the Chinese?" asked Sen. John Hoeven on Thursday as he reacted to news that China's state-owned oil company, CNOOC Ltd., had launched a $15.1 billion takeover bid for Canada's Nexen Inc., a company with operations in the Gulf of Mexico.

Our answer would be no. But it may happen, thanks to the Obama administration's indifference to developing energy resources anywhere on the North American continent or building the Keystone XL pipeline linking Alberta's oil-rich sands to refineries on the Gulf Coast.


"This is really a direct result of the administration's resistance to Keystone," Hoeven said.


http://news.investors.com/article/62018 ... -sands.htm


I suppose we'll be buying it with money the democrats will ''borrow'' from the Chinese.

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Mon Aug 06, 2012 8:56 am 
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edge540 wrote:
Look at the evidence: The stimulus worked


Quote:
The Real 'Stimulus' Record
Wall Street Journal, by Arthur Laffer

Policy makers in Washington and other capitals around the world are debating whether to implement another round of stimulus spending to combat high unemployment and sputtering growth rates. But before they leap, they should take a good hard look at how that worked the first time around.

It worked miserably, as indicated by the table nearby, which shows increases in government spending from 2007 to 2009 and subsequent changes in GDP growth rates. Of the 34 Organization for Economic Cooperation and Development nations, those with the largest spending spurts from 2007 to 2009 saw the least growth in GDP rates before and after the stimulus.

The four nations—Estonia, Ireland, the Slovak Republic and Finland—with the biggest stimulus programs had the steepest declines in growth. The United States was no different, with greater spending (up 7.3%) followed by far lower growth rates (down 8.4%).


http://online.wsj.com/article/SB1000087 ... 85010.html

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Fri Aug 10, 2012 11:40 am 
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Number of Americans Who Say Economy Getting Worse Jumps Sharply, 63%
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Hope and change.

Quote:
Washington (CNN) – A new national survey indicates that the number of Americans who say things are going badly in the country is on the rise, as a growing number of people believe that economic conditions are getting worse.

The number of Americans who said that things were going well had been slowly but steadily rising since last fall, but numbers from a CNN/ORC International poll released Friday reverse that trend, with optimism about how things are going in the country now at 36% down seven points from April. And 63% say things are going poorly, up six points from April.

According to the survey, the number of people who say that the economy is starting to recover has also dropped five points since April, from 24% to 19%, while the number who say that the economy is still in a downturn is up six points to 39%.

“That all seems bad news for President Barack Obama’s re-election chances, but only if Mitt Romney can capitalize on it,” says CNN Polling Director Keating Holland.

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Thu Aug 16, 2012 9:35 am 
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Quote:
To protect ethanol, Obama
seeks to inflate meat prices

Washington Examiner


Campaigning in Missouri Valley, Iowa, yesterday, President Obama announced yet another government spending program -- this time designed to inflate meat prices in Midwest swing states. "Today the Department of Agriculture announced that it will buy up to $100 million worth of pork products, $50 million worth of chicken, and $20 million worth of lamb and farm-raised catfish," Obama explained to reporters in front of a drought-stricken cornfield.

"Prices are low, farmers and ranchers need help, so it makes sense," Obama explained. "It makes sense for farmers who get to sell more of their product, and it makes sense for taxpayers who will save money because we're getting food we would have bought anyway at a better price."

None of this makes sense. In fact, Obama's move only harms American consumers while protecting a corrupt federal program.


http://washingtonexaminer.com/examiner- ... C0S9Xkzx8H



another a winner of a plan from DUMBO...keep gas prices high, and then raise meat prices

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Thu Aug 23, 2012 8:54 am 
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Quote:
Look At All The Pretty Things
The Democrats Promised In 2008
(And Failed To Deliver)

Mediaite, by Andrew Kirell


The Republican Party’s 2012 platform has been in the news lately for its inclusion of an ultra-conservative stance on abortion, and the party’s outright refusal to include a “civil unions” amendment despite being the party that supposedly respects “freedom” and “liberty.”

Party platforms are a funny thing, to say the least. Over at Reason, Matt Welch points out a particular passage of the Democratic Party’s 2008 platform.

Let’s take a fun little trip back to the George W. Bush era and remember when the Dems “stood” for the following:

…[W]e’ve seen an Administration put forward a false choice between the liberties we cherish and the security we demand. The Democratic Party rejects this dichotomy. We will restore our constitutional traditions, and recover our nation’s founding commitment to liberty under law.


READ MORE:
http://www.mediaite.com/online/look-at- ... o-deliver/

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 Post subject: Re: When asked about Obama's accomplishments...
PostPosted: Fri Aug 24, 2012 12:41 pm 
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Quote:
Report: Incomes Dropped More During Obama 'Recovery' Than Recession
Breitbart's Big Government, by John Nolte


More "dutiful" reporting from the media that puts them on record covering something they're really not covering because Romney's tax returns….

American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.

Median household income fell 4.8 percent on an inflation-adjusted basis since the recession ended in June 2009, more than the 2.6 percent drop during the 18-month contraction, the research firm’s Gordon Green and John Coder wrote in a report today. Household income is 7.2 percent below the December 2007 level, the former Census Bureau economic statisticians wrote.

“Almost every group is worse off than it was three years ago, and some groups had very large declines in income,” Green, who previously directed work on the Census Bureau’s income and poverty statistics program, said in a phone interview today. “We’re in an unprecedented period of economic stagnation.”

This is real pain felt by real people. Unemployment is rising, the economy is shrinking, the deficit is exploding, and household income did worse under Obama's non-existent recovery than during the actual recession.


http://www.breitbart.com/Big-Government ... -Recession

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