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The Obama Economy
Wall Street Journal ^ | 3/3/09 | WSJ

Posted on 03/03/2009 7:57:46 AM PST by Gabrial

Most of his "stimulus" spending was devoted to social programs, rather than public works, and nearly all of the tax cuts were devoted to income maintenance rather than to improving incentives to work or invest.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Government
KEYWORDS: bho2009; democrats; economy; obama; obamanomics; stimulus; welfare
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The top editorial in the Wall Street Journal today (3/3/09) flatly states Obama's economic policy is tanking the economy.

How much more clear can you get than that?

1 posted on 03/03/2009 7:57:46 AM PST by Gabrial
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http://www.freerepublic.com/focus/search?s=The+Obama+Economy&ok=Search&q=quick&m=exact&o=time&SX=49ad9caf44849b434abb2d963aa83a0b0d5dcfb9


2 posted on 03/03/2009 8:00:32 AM PST by ButThreeLeftsDo
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To: Phantom Lord
The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy.

Ping!

I plan to post this link over on FB... I know you would probably love to stir up some of your more liberal friends as well. :)

3 posted on 03/03/2009 8:01:47 AM PST by Constitution Day
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To: Gabrial

Oh yes clarity that’s the key word in obama’s grand plan


4 posted on 03/03/2009 8:02:27 AM PST by Vaduz
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To: Gabrial

Yes, that, and every time he opens his mouth the Dow goes down further.


5 posted on 03/03/2009 8:02:30 AM PST by Piquaboy
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To: Gabrial

SCOTUS could fix this in one day. They have the opportunity to rule that Hussein is not Constitutionally qualified to be President. Have him and his family escorted out of the White House ASAP. Put Biden is as “Acting” for one week. Give McCain that week to pull together a basic cabinet and swear him in a week later.

SCOTUS has the power to get the country back on track today.


6 posted on 03/03/2009 8:02:43 AM PST by MayflowerMadam ("Freedom" is just another word for "nothing left to lose".)
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To: Gabrial

Innerestin’


7 posted on 03/03/2009 8:03:18 AM PST by El Sordo
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To: Gabrial

Sorry for the dupe. Still learnin’


8 posted on 03/03/2009 8:04:54 AM PST by Gabrial ( Obama Lied - The Economy Died)
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To: Gabrial
Tax and spend

Twill never end

Gimmee dat trillion

And we'll do it again

9 posted on 03/03/2009 8:05:24 AM PST by Enterprise (A Representative Republic - gone now. Foolish people.)
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To: ButThreeLeftsDo

ping


10 posted on 03/03/2009 8:06:23 AM PST by unkus
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To: Gabrial

BTTT


11 posted on 03/03/2009 8:07:04 AM PST by Constitution Day
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To: Gabrial

“..........Most of his “stimulus” spending was devoted to social programs.............”

What? When did this happen? I thought he was the messiah....your lying!


12 posted on 03/03/2009 8:08:42 AM PST by mikelets456
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To: Gabrial

joe biden after the election: “you’re not going to like what we’re going to do”:

world depression?


13 posted on 03/03/2009 8:10:27 AM PST by ken21 (the only thing we have to fear is fdr deja vu.)
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To: MayflowerMadam

Suggest a small Correction:-)

Escort Biden and Pelosi out with Obama!
The United States would be better off for the week or two before McCain with nobody rather than those three.


14 posted on 03/03/2009 8:13:38 AM PST by True Republican Patriot (GOD BLESS AMERICA and Our Great President George W. Bush)
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To: Gabrial
Of course all this will not work, and it will not take long before the electorate figures this out. My guess is by summer his approval ratings will be less than 50%.

But no one will admit to voting for him .... ;-)

So they will write another “stimuli check” to everyone, send them $$ and all will be better. Borrow another trillion and free money for everyone!

We can survive this recession, the real pain is 3-4 years from now when no one will lend to us anymore. Then the REAL fun starts.

schu

15 posted on 03/03/2009 8:21:00 AM PST by schu
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To: Gabrial
"How much more clear can you get than that?"

Are you saying that you want Obama to fail? Is it because he's black?

See how easy that is? We can do that with almost any critisism of him, his appointees, or his policies. Sheer genius.

16 posted on 03/03/2009 8:26:38 AM PST by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
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To: True Republican Patriot

“Escort Biden and Pelosi out with Obama!”

That’s a wonderful dream. (aahhh!) Unfortunately, SCOTUS has no justification to remove them as they do to remove Hussein.

McCain sucks, too, but in the election he came in second, so probably the second-place winner would take the prize.


17 posted on 03/03/2009 8:28:51 AM PST by MayflowerMadam ("Freedom" is just another word for "nothing left to lose".)
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To: Gabrial
Most of his "stimulus" spending was devoted to social programs, rather than public works

Even if it was primarily focused on "public works", it would still be bad, I will not accept these definitions of good government spending.

If it goes through the pockets of beauracrats, it's wasteful.

18 posted on 03/03/2009 8:31:43 AM PST by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: Brett66

Obamanomics is a complete disaster and utter failure. The market insiders know it and the market drops reflect that in a no confidence vote. It will continue to fall probably to depths not seen since maybe the Great Depression! The bottom is nowhere in sight!


19 posted on 03/03/2009 8:39:04 AM PST by Ev Reeman
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To: MayflowerMadam

Dreaming may be a horrendous waste of energy and time, but in this situation, it’s the only thing that can improve one’s hopes!


20 posted on 03/03/2009 8:59:41 AM PST by True Republican Patriot (GOD BLESS AMERICA and Our Great President George W. Bush)
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