Posted on 07/13/2008 7:26:20 AM PDT by Kleebo151
Democratic nominee Obama says there is little doubt the US has moved into recession, underlining the need for a second stimulus package. Barack Obama told reporters on Saturday, "I have little doubt that we've moved into recession at this point, and the sooner we can get money into people's pockets, the sooner that we can stabilize the housing market."
(Excerpt) Read more at origin.mercurynews.com ...
Let's see if those "fact-checking" websites which claim to be fair and independent correct Obama on his false claim.
Well, if Obe is elected, it’ll turn out to be true for sure. What a visionary. That’s not exactly the kind of change we need (economic expansion to contraction). Optimism —> Malaise.
If Saint Obama says we’re in a recession, anybody who argues using facts must be racist.
The official definition of recession is when GDP growth is negative for two consecutive quarters or more.
“Balack Hussein Obeyme”
go figure..
“Obama: ‘little doubt’ country in recession.”
EyeGuy: Little doubt your Marxist economy that will, by default, punish productive Americans and American businesses, will insure that becomes a more deeply established characteristic. Combine that with redirecting honestly earned wealth into the hands of the habitually lazy and unemployed (ahem...”typical”), and the nation may require decades to recover.
....maybe if people weren’t taxed so much to support “programs” like Obama and his buddies advocate, the country would be better off economically.
While the economy may not be expanding at 2-3 percent like it has been for the last few years, it was at last report expanding at 1%. Since recession is 2 quarters of negative growth in GDP, said recession is Obama's dream not reality.
There is little doubt that Obama is an IDIOT.
|
AND it hasn’t happened yet.
It would have been nice if at some point in his life, Obama had taken a basic economics course.
Maybe they should start calling him "Bam Bam".
"Er.....DUH!
Where's my teleprompter?"
There is NO doubt that Obama is an idiot.
True, and in fact by the time a recession is officially declared, it is often over.
What I would love to see is oil down $20 one day and the Dow up 400 points to make him look like the economic idiot that he is.
Failing that, I heard the comment on Fox's WSJ report that he's promising to raise taxes to the highest rates of any country in the G8. He obviously hasn't a clue as to the implications of anything he's saying. If anyone thinks economic times are tough right now...
Hoping for the schumer/Indymac daily double?
Since Barry has no clue as to the definition of recession, he will define taxes as contributions, and entitlements as investments. He will also give tax cuts to those who don’t pay taxes. He is developing his own dictionary.
Which will, of course, take a socialist government to "recover", by giving handouts to their needy enablers,(reads teat suckers) while having the mints printing more monopoly money, nonstop.
Sorta - kinda like they are doing now?
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.