Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Economic Malpractice. The stagnation president.
The Weekly Standard ^ | Sept 30, 2013 | Fred Barnes

Posted on 09/21/2013 4:42:42 AM PDT by Innovative

It's amazing how little President Obama has learned about economics in his four and a half years in the White House. Growth, incentives, tax reform, tax increases, private investment, the middle class, a second great depression, the sequester—all these issues have one thing in common: Obama doesn’t understand their role in our economy.

The jobless rate is 7.3 percent. But if the millions who’ve dropped out of the job market altogether since Obama took office in January 2009 were counted, the unemployment rate would be 10.8 percent. “In other words, the United States faces a permanently larger pool of jobless Americans,” says the American Enterprise Institute’s James Pethokoukis.

The median income was $51,017 in 2012, close to what it was in 2011 but below the $55,627 level in 2007 (before the recession). The peak was $56,080 in 1999. “The Census Bureau is just tracking pre-tax, pre-transfer, non-fringe-benefit market income,” Pethokoukis wrote. So, the bureau said, median income “does not completely capture the economic well-being of individuals and families.”

(Excerpt) Read more at weeklystandard.com ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: depression; economy; obama; unemployment
Large jobless rate, lower median income -- yet the media is covering this up for Obama.
1 posted on 09/21/2013 4:42:43 AM PDT by Innovative
[ Post Reply | Private Reply | View Replies]

To: Innovative

See this article — maybe some day economists will calculate how damaging Obama’s policies have been to our current economy...

FDR’s policies prolonged Depression by 7 years, UCLA economists calculate

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx


2 posted on 09/21/2013 4:44:31 AM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Innovative

He knows he is lying and doing the wrong things for America. But he reads what his handlers put in the teleprompter. He is a moron. But even a moron can see what’s happening. Morons are smarter than stupid people. The dems rely on stupid people and fraud to maintain their power.


3 posted on 09/21/2013 4:48:22 AM PDT by Conspiracy Guy (To stay calm during these tumultuous times, I take Damitol. Ask your Doctor if it's right for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Innovative

If they ever do admit to obama’s destruction of the US then keynes and liberalism will be dead for all time... which is why they will never admit to anything but:

“It was not enough spending. We need bigger government and higher taxes”. Kruchev made good on his 1959 threat at the UN.


4 posted on 09/21/2013 4:48:55 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Conspiracy Guy

“The dems rely on stupid people and fraud to maintain their power.”

Exactly.

Many people rather believe what the MSM tells them, than their own eyes.


5 posted on 09/21/2013 4:49:52 AM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Conspiracy Guy

Nikita Khrushchev September 29, 1959

Appeared before the U.N. AND BANGED HIS SHOE ON THE LECTERN!

“Your grandchildren will live under communism. You Americans are so gullible. No, you won’t accept Communism outright; but we’ll keep feeding you small doses of Socialism until you will finally wake up and find that you already have Communism. We won’t have to fight you; we’ll so weaken your economy, until you fall like overripe fruit into our hands.”


6 posted on 09/21/2013 4:54:25 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Innovative

It is terrifying to me. The movie “Idiocracy” is not the future. It is here now.


7 posted on 09/21/2013 4:57:59 AM PDT by Conspiracy Guy (To stay calm during these tumultuous times, I take Damitol. Ask your Doctor if it's right for you.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: LibLieSlayer

Obama and his kind are ideologically incapable of understanding anything about economics.


8 posted on 09/21/2013 4:59:46 AM PDT by John Valentine (Deep in the Heart of Texas)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Innovative

Just wait ‘til he rides in naked on the wrecking ball of ovomitcare...


9 posted on 09/21/2013 5:01:42 AM PDT by Hegemony Cricket (The emperor < still > has no pedigree.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibLieSlayer

I remember it well even though I was very young. I watched the incremental loss of liberty and freedom over the years. Then in 08 I saw the end game running for president.


10 posted on 09/21/2013 5:03:42 AM PDT by Conspiracy Guy (To stay calm during these tumultuous times, I take Damitol. Ask your Doctor if it's right for you.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Innovative
On this day in history:

On September 21

1792 The French National Convention voted to abolish the monarchy.

How do we do that here?

11 posted on 09/21/2013 5:05:27 AM PDT by KeyLargo
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibLieSlayer

Well, not to take away from the point about creeping socialism, but Khruschev never said that before the UN. And the quote itself is somewhat in doubt since apparently it comes from someone who claimed to have heard Khruschev say it, not from Khruschev himself.


12 posted on 09/21/2013 5:19:14 AM PDT by Yardstick
[ Post Reply | Private Reply | To 6 | View Replies]

To: Innovative

Obama has been entirely consistent in his ideas and Phlosophy,he said it out of his own mouth in a debate against Hillary Clinton when answering a question about the Capital gains tax. When it was explained to him that historically every time the Capital Gains tax was lowered,revenue increased to the government. Obama’s instructive and guiding principle response was,does not matter,it was a matter of fairness.
That’s it FOLKS,his guiding principle,hatred and getting even,or as he put it,fundamentally transforming the United States Of America


13 posted on 09/21/2013 5:28:41 AM PDT by ballplayer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Conspiracy Guy

IDIOCRACY...my favorite documentary (attempt at humor)


14 posted on 09/21/2013 5:31:12 AM PDT by grania
[ Post Reply | Private Reply | To 7 | View Replies]

To: grania

documentary is correct


15 posted on 09/21/2013 5:50:38 AM PDT by Conspiracy Guy (To stay calm during these tumultuous times, I take Damitol. Ask your Doctor if it's right for you.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: ballplayer
When it was explained to him that historically every time the Capital Gains tax was lowered,revenue increased to the government. Obama’s instructive and guiding principle response was,does not matter,it was a matter of fairness.

I fully agree. What Obama is doing is in plain sight for all to see. The MSM refuses to connect the dots because they support Obama's goals.

Obama's lies are becoming ever more blatant and provocative. He realizes that with a compliant MSM he can say whatever suits his purpose without fear of vetting or contradiction. His recent statements about raising the debt limit have been outrageous, but have also been ignored or even supported by the media.

I concluded years ago that our real enemies are in the mainstream media. If the media did their jobs the liberals would be exposed as the power hungry, America hating fools they really are.

16 posted on 09/21/2013 5:54:06 AM PDT by Senator_Blutarski
[ Post Reply | Private Reply | To 13 | View Replies]

To: grania
IDIOCRACY...my favorite documentary...

I have an idea for a movie: an average American from 1953 has a series of dreams wherein he is transported to various scenes in the present day, such as:

A Gay Pride parade on the main street where he and his brothers in arms marched after WWII.

A public school history class, where a student asks questions about George Washington and is told that the Father of Our Country was an evil man because he owned slaves.

I'm sure you can think of many more possible scenes...

17 posted on 09/21/2013 6:15:10 AM PDT by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Innovative

The only thing he has ever known how to do well is spin a message that appeals to low information voters.
That is all they’ve done from Day One and nothing else matters to them.
And as long as low information voters fall for it, there will only be more of the same.


18 posted on 09/21/2013 6:18:41 AM PDT by Scotswife
[ Post Reply | Private Reply | To 1 | View Replies]

To: Max in Utah
I went to my 50th HS reunion this summer. We were reminiscing about what life was like back then, about our optimism for the future, about our feelings of security and belonging back then,.....

I suspect everybody left more than a little bit sad. How did things ever go so wrong in just half a century? How could things ever get back to the hopes and promises of back then, without a total collapse of what there is now?

It wasn't perfect, I know, but the real problems would've worked themselves out if there weren't such a push to hurry things along and plus that manipulate the world. JMHO

19 posted on 09/21/2013 6:27:36 AM PDT by grania
[ Post Reply | Private Reply | To 17 | View Replies]

To: Senator_Blutarski
our real enemies are in the mainstream media.

They are the urban media. There are no streams running through a city, only sewer pipes.

The success of any culture depends on how successful it is at inhibiting envy, the force of destruction. Instead the urban media fans the flames of envy. The mystery of why cities the world over are always consumed with envy is simple: population density. Mankind has not naturally lived in an area containing 70,000 people per square mile. Enabled by new technology humans have only done so for a few generations, which is not anywhere close to being enough time to have properly evolved to tolerate it.

Humans are highly envious creatures, and we owe our high intelligence to the IQ test of warfare that envy causes. You can't pack envious homo sapiens in so tight, bumping shoulder to shoulder all day, and not have envy run amok.

The reason America was once a great country is because the ratio of land to humans was once large and the level of envy was small. As the population density increases, America is turning into another has-been European country consumed with socialism.

20 posted on 09/21/2013 6:53:43 AM PDT by Reeses
[ Post Reply | Private Reply | To 16 | View Replies]

To: John Valentine

They understand evil and communism only!


21 posted on 09/21/2013 7:06:26 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Conspiracy Guy

Me too!


22 posted on 09/21/2013 7:09:12 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Yardstick

Don’t believe everything that you read on wiki.

LLS


23 posted on 09/21/2013 7:10:05 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: LibLieSlayer

So Khruschev did in fact pound his shoe and deliver those quoted lines?


24 posted on 09/21/2013 7:19:53 AM PDT by Yardstick
[ Post Reply | Private Reply | To 23 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks Innovative.

The Obama Tax Hikes

to go with

The Obama Recession


25 posted on 09/21/2013 7:32:45 AM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
[ Post Reply | Private Reply | View Replies]

To: Yardstick

I was a little boy at the time but all of my adult family were up in arms over it. He pounded the shoe alright. Some dispute what he actually said (in Russian) and others dispute that this happened at the UN and happened with the Eisenhower administration in private talks. I also remember Huntley and Brinkley discussing it on the news. I also watched William F. Buckley as a child. I have always been into politics.


26 posted on 09/21/2013 8:24:07 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 24 | View Replies]

To: LibLieSlayer
Yes, the shoe thing happened right there in the UN and many witnessed it, but I don't see any evidence that he spoke the quoted lines on that occasion. That quote comes from Eisenhower's secretary of agriculture, a guy named Benson, who claimed Khrushchev said it to him during a meeting. I don't see much reason to doubt Benson's recollection, but those lines aren't in the public record anywhere. As I've googled for more info, I keep seeing conservatives quoting it as though it's a well established fact, then getting beat up when it turns out to be one guys's memory.
27 posted on 09/21/2013 9:04:34 AM PDT by Yardstick
[ Post Reply | Private Reply | To 26 | View Replies]

To: Yardstick

He said it. Does it really matter where he said it? obama and the rats have been fulfilling kruchev’s threat since the 50’s. The left has always tried to protect their communist overlords.


28 posted on 09/21/2013 9:13:50 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 27 | View Replies]

To: LibLieSlayer

Nah, having your facts straight doesn’t matter.


29 posted on 09/21/2013 9:17:35 AM PDT by Yardstick
[ Post Reply | Private Reply | To 28 | View Replies]

To: Yardstick

I guess that it matters whether he said it in the UN or in a one on one meeting with the US. Deny his threat and tell me that it hasn’t come true.


30 posted on 09/21/2013 9:21:45 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 29 | View Replies]

To: LibLieSlayer

Liberals have done a good job of advancing socialism in the United States. We all know that here.

The reason it’s important to have your facts straight is that people read what’s written and take it into battle with the lefties. It’s best not to set them up to look ridiculous by posting easily refuted facts.


31 posted on 09/21/2013 9:29:58 AM PDT by Yardstick
[ Post Reply | Private Reply | To 30 | View Replies]

To: Senator_Blutarski

Agreed,when the fall comes I hope all those useful idiots in the media are the first to be sent to the Gulags for final determination as is usually the case,because they would be the true believers and cause the most problems for the new totalitarian masters. The rest would be sent to reeducation camps,the rest to the final solution as Bill Ayers associate once laid out to an FBI informant


32 posted on 09/21/2013 10:17:47 AM PDT by ballplayer
[ Post Reply | Private Reply | To 16 | View Replies]

To: Innovative
It's amazing how little President Obama has learned about economics in his four and a half years in the White House.

Not amazing at all when on's consider the entire catalogue of stupidity that Obama has demonstrated in four and a half years in the White House.

33 posted on 09/21/2013 10:22:54 AM PDT by Amagi (God Save the Republic.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Innovative
The Forgotten Man by Amity Schlaes is a great book on Depression economics. The Forgotten Man is the taxpayer, the man not being “helped” by the latest wealth redistribution scheme from Washington.
34 posted on 09/21/2013 10:26:22 AM PDT by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Innovative; LibLieSlayer; blam; M. Espinola; sushiman; Baron OBeef Dip; BellStar; b4its2late; ...
Plus this video presents the horrible truth . . .

Video: American Dependency - "Give Me My Food Stamps !"

35 posted on 09/22/2013 4:44:51 AM PDT by ex-Texan (The Time to "Wake Up" is Over !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Innovative

This can’t be true. When Bush was in office, and unemployment was below 5%, it was the worst economy ever. Nancy Pelosi said so.


36 posted on 09/22/2013 4:51:14 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ballplayer
When it was explained to him that historically every time the Capital Gains tax was lowered,revenue increased to the government. Obama’s instructive and guiding principle response was,does not matter,it was a matter of fairness. That’s it FOLKS,his guiding principle,hatred and getting even,

Yup.

37 posted on 09/22/2013 4:53:53 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Innovative
I remember Fred on election night 2008... along with krauthammer and both were giddy over their new communist overlord... both said that he was a moderate that would heal the world. This article sounds like old Fred may have awakened to the truth... 6 years later!
38 posted on 09/22/2013 6:41:29 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson