Posted on 07/24/2012 2:46:20 PM PDT by jazusamo
Speaking to supporters in Oakland, CA, President Obama declared that his economic policies are already proven successes.
“We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan — and it worked,” he added later in the speech. “That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”
The president mentioned the auto bailouts, and it’s reasonable to conclude that he is also discussing the two signature pieces of legislation he has signed into law, the 2009 stimulus and ObamaCare. Both were sold as plans to remedy the ailing economy. Obama also sought to convert the US energy economy from fossil fuels to “green” technology, with a promise of job creation to go along with that.
The administration promised that the stimulus would knock unemployment down to about 5.5% by now. It has not even come close to that mark .
The graph is a little dated. Gallup says unemployment remains above 8 percent, with “declines” largely attributable to unemployed giving up on finding work.
Obama sold ObamaCare as a cost-saving measure both for the nation and individuals. The price tag for ObamaCare has gone up in the two years since the Democrats passed and Obama signed it into law (current price of the “cost saver” is $1.76 trillion), and insurance premiums have continued to go up, especially for younger workers . Business leaders also report reluctance to bring on new hires out of fear that ObamaCare increases their per-worker benefit liabilities.
By no reasonable standard can either the stimulus or ObamaCare be described as having worked, using the criteria by which the Democrats sold both plans. The stimulus did not reduce unemployment anywhere near the rate promised, and ObamaCare has not brought costs down. Both can reasonably be said to have made matters worse: The stimulus will eventually have to paid for through higher taxes and ObamaCare is squelching new hiring.
The Obama command shift to “green” technology has mostly resulted in expensive, high profile bankruptcies: Solyndra, Ener1, and so forth.
As for the auto bailouts, the American taxpayer is still out billions of dollars and according to Conn Carroll, the bailouts were about $50 billion more expensive than they had to be. The unions, though, picked up an ownership stake in Chrysler and became one of GM’s largest shareholders, and are doing fine. Obama’s former auto bailout czar reportedly said that the bailouts were entire done to benefit the unions. So perhaps that part of his plan can fairly be said to have worked.
What we have, after three years of Obama’s plans being put into force, are the following: High unemployment and fear of new hiring, exploding national deficits at $1 trillion over the past five years, sharp increases in the number of Americans on disability and on welfare (and a government openly advertising to get more people on welfare), and an economy that even Obama’s own treasury secretary acknowledges is not growing fast enough.
Amen to that.
In prolonged downturns, families pull in their horns and many “unemployed” vanish, becoming dependents again. This is, at BEST, another classic illustration of how to lie with statistics.
No more blaming Bush - his plan worked, and what we have is his vision of success.
I hope Mitt Romney publicly screws, blues, and tattoos Barack for this storytelling. Barack so richly deserves it.
Of course, but Alinskism never was a study in how to make sense. It's a study in how to fool all of the people some of the time, and some of the people all of the time (pace Mr. Barnum).
The libtard world view has the following built in assaults on reality, that promotes and allows such delusions:
1)fundamental law of administrative workings (FLAW): things are what the libtard narrative say they are.If it is not reported by the libtard media, it doesn't exist.
2)postmodernism: the narrative is the medium of knowing reality
3)coefficient of fiction: the higher the amount of ignorance and evasion of reality, the higher the coefficient of fiction as measured by the ratio of reality evaded/reality apprehended, and by the ratio of introspection/extrospection, and by the amount of reality apprehended and understood/total reality.
Hussein’s plan, apparently, was to double the national debt, destroy the housing market, put tens of millions of people out of work, stagnate the stock market, disrupt the energy market, destroy the medical care market, and bankrupt as many corporations and people as possible.
This is good. The last couple of months have been Obama getting pounded for saying one stupid thing after another. And I don't think he knows how to stop.
Business leaders also report reluctance to bring on new hires out of fear that ObamaCare increases their per-worker benefit liabilities.
While the political climate today gives reason for believing that Barack Obama will be stymied if not also plain ousted (to the 95%+ of America who has not studied Mitt Romney on their own, Mitt is doing a pretty fair job of looking centrist today and Barack is doing nothing to suggest he is too liberal) and this expectation helps a little, I wonder if there is also a surge in temporary hiring which avoids the need to carry health care plans. Such a trend would be behind the kind of success I recently personally saw, which was having dozens of contracting recruiters knock on my door once I looked in the right place.
His plan was to put people out of work.
It's not easy, but he can still find places where people believe what he says. The S.F. Bay area is solid Obama country.
True ‘nuff, with Oakland being in San Francisco’s back yard. That whole area is an extended vacation from reality. If this keeps up, California will become unable to shoulder that load and wham, San Fran will go the way of Detroit.
I don’t know if he’s a liar or so self-deluded he thinks it’s true.
He’s such a egotist, I bet he thinks he’s done a great job.
Everything Zippy says is a lie, including the “and” and the “the”.
Putting people back to work is the antithesis of what 0bama wants; if people are working they are free and independent. If, on the other hand, they are out of work and desperate, they are at the mercy of the dictator.
It's All About People Control!
But the foreigner, Hussein 0bama, neither knows or understands Americans. He is in for a rude awakening.
This idiot is so delusional ha ought to dye his hair orange
“quit peein’ on my head and callin’ it rain”-comes to mind here...for some reason
yeah..his policies “worked” alright...cleaned out the Federal Treasury of We the People...right into the pockets of them that enabled him.
It’s all working according to the plans of Barry’s handlers, which is to destroy the country.
Surprise, surprise - That was his plan along with all the other evil things he has done to this great country.
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