Obama getting low grades on the economy...

The Barack Obama Watch ^ | 8/31/2009 | Mike Smith

[nycusa05]

- August 24, 2009 - Obama's administration released new figures from the White House budget office showing a cumulative $9 trillion deficit from 2010-2019......$2 trillion more than the administration estimated in May. Moreover, the figures show the public debt doubling by 2019 and reaching three quarters the size of the entire national economy. The revised estimates project that the economy will contract by 2.8 percent this year, more than twice what the White House predicted earlier this year F: These new numbers are bad news for Obama for two reasons. First, it shows poor economic forecasting on behalf of the Obama administration. Many question how they could be so off with their initial May projection. Second, it shows that the economy is in worse shape than originally expected. So Obama's policies are simply not working. When will things start to turn around? If Obama is thinking ahead toward the 2012 Presidential election, there must be a dramatic and sharp improvement.

[screaminsunshine]

Using the same economic principals as Cuba will not lead to a great economy. Goods will be cheap..but there won’t be any.

[easttennesseejohn]

let’s see the marxists who couldn’t forcast properly would be how Jimmy Breslin might have coined it.These progenators of the new “worker’s paradise” have been off 133% on GDP for this year; revisedtheir GDP projections for next year down 60%( which IF they’re right about this, it will lead to even smalller tax receipts and higher a defict next year,OOOPS!); they’re off, at the present time,18.75% on unemployment; and 28.5% on the defict over the next 10 years. The thing about it is this doen’t include the economic cost and impact of either cap and tax or Obamacare, and we should believe their cost estimates on either of these, right? Compare the cost and impact on the budget of Medicare between now and when it was sold to us in 1965. Was a payroll tax mentioned, NO. Were the cost estimates by “government experts” projected to be 10 times what reality turned out to be? NO.Were we told that it would accrue an unfunded liability of $31 TRILLION? NO. But these economic “giants” who’ve never read a book on market economics, thta wasn’t a critique, with their plain history, thus far of not getting even close with their forcasts are to be trusted? Pardon my skepticism.

[bestintxas]

Where are there any high grades from this imbecile?

He cannot speak without stuttering unless he reads, he has no control over the Legislative Branch, he picks tax cheats and openly racists in his executive branch, his press spokesman appears an incompetent, deer-in-the-headlights variety, he disses our armed forces and villianizes our intelligence community while embracing our enemies, and is spending money that is not his to spend like a powerball winner.

Please show me one thing that is not an ‘F’.

[screaminsunshine]

Invest in printing presses. They are gonna need em.