Posted on 07/22/2009 10:07:27 AM PDT by Federalist Patriot
Here is video today of GOP House Minority Leader John Boehner from the House Floor where he said bluntly that the Obama Administration has not "rescued the economy." Boehner was reacting to what he said were comments by Obama Chief of Staff Rahm Emanuel who reportedly said "We have rescued the economy." Boehner pointed out that the 9.5% unemployment does not bear that out, nor the millions of jobs that stand to be lost if President Obama's "Cap and Trade" legislation were to become law. . . . (Watch Video)
(Excerpt) Read more at freedomslighthouse.com ...
Obama and his GOONS are LIARS! These charlatans have DONE NOTHING FOR THE AMERICA ECONOMY let alone anything else FOR America. They have only done horrid things TO the American economy and the American citizen,
*** LIARS ALL ***
I call them Snakeoil Salesman or Con Artist.
I think we face bankruptcy if lenders turn away from our debt. That is not a rescue.
Let’s all start chanting, “PROVE IT! PROVE IT! PROVE IT!” Unfortunately for him, Rahm Emmanuel has no credibility. Everyone, even his friends, know him for the corrupt liar that he is.
He just might be right. Obama has not rescued the economy at all.
http://en.wikipedia.org/wiki/Permanent_Income_Hypothesis
The permanent income hypothesis (PIH) is a theory of consumption that was developed by the American economist Milton Friedman. In its simplest form, the hypothesis states that the choices made by consumers regarding their consumption patterns are determined not by current income but by their longer-term income expectations. The key conclusion of this theory is that transitory, short-term changes in income have little effect on consumer spending behavior.
Measured income and measured consumption contain a permanent (anticipated and planned) element and a transitory (windfall gain/unexpected) element. Friedman concluded that the individual will consume a constant proportion of his/her permanent income; and that low income earners have a higher propensity to consume; and high income earners have a higher transitory element to their income and a lower than average propensity to consume.
In Friedman’s permanent income hypothesis model, the key determinant of consumption is an individual’s real wealth, not his current real disposable income. Permanent income is determined by a consumer’s assets; both physical (shares, bonds, property) and human (education and experience). These influence the consumer’s ability to earn income. The consumer can then make an estimation of anticipated lifetime income.
Good for him. He has been doing some good work even though he wasn’t able to get 8 RINO traitors to vote against cap and tax.
They said the stimulus bill would keep unemployment to 8%, but now it’s over 9%. How do they see that as success?
Boehner is doing well these days...good video...good response...we need to hit them this way every single day, many times a day if necessary.
Yes, I agree that the Obama goons are liars...and they’re not even skillfull at that..
They live in an alternate universe...and an alternate time - the time is ‘1984’, where night is day, and wrong is right...
There goes those evil Republicans again, talking down a robust economy for political gain...
</sarc>
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.