Posted on 07/07/2009 4:28:34 PM PDT by 2ndDivisionVet
Make no mistake, the economic crisis and Obama's failure to create real jobs with his stimulus package means we're looking at this president's Katrina.
The economy is shaping up to be Barack Obama's Katrina. If President George W. Bush was blamed for his slow response to Hurricane Katrina in 2005 -- there was plenty of blame to go around, of course, but the disaster was on Bush's watch--then Obama will get the blame for his slow response to the current recession. The difference, of course, is that Katrina afflicted a city and a few states, while the recession afflicts the whole country.
Unemployment is 9.5 percent and rising fast, certain to go higher than 10 percent. And what is the federal government doing about it? Not much. And so House Republican Leader John Boehner makes a good point when he asks, "Where are the jobs?"
On Sunday, Vice President Joe Biden said that the Obama administration had "misread" the economic indicators. So what are they likely to do about it? More of the same--which is to say, not much.
The problem the Democrats have--and come to think of it, the country has it, too--is that even if you want to build something, you can't do it. That is, you can't do it without plowing through years' worth of lawyers and environmental-impact-statement-writers, nor without enduring endless hearings and lawsuits where every last NIMBY gets a whack at the project. And so even before this terrible recession, America's capacity actually to build anything--build a highway, build a bullet train, build a power plant -- had been crippled.
So piling on new money does no good, because the old money hasn't been getting spent. Getting spent, that is, on bricks and mortar and technology, as opposed to lawyers and consultants.
(Excerpt) Read more at foxnews.com ...
The translation of BANANA is: IGMSFU (I’ve got mine so ____ you!)
“BANANA (Build Absolutely Nothing Anywhere Near Anything”
BANANAUINBBUL (Build Absolutely Nothing Anywhere Near Anything Unless Its Not Built By Union Labor)
Of course, the media forgets that the “slow” response to Katrina (a natural disaster) was in large part due to media reports and false stories of shooting by looters, and the failure of Louisiana’s governor to have the Guard and Fema in place.
not to mention that the wheels the feds put in motion made other no fed wheels (ie Private sector) stop their wheels while waiting to see who gets what. It’s just another page in the books of Government good intentions gone horribly bad.
I was in Katrina (Biloxi, Mississippi not New Orleans)and the disaster response was much faster and more comprehensive than what you saw on TV. The National Guard, Red Cross, Salvation Army, FEMA, Baptist, Lutheran and Catholic and other denominations relief agencies were all there very quickly. I have no doubt that the situation in New Orleans was very similar. People died less than a block from me and I lost my business, but you pull yourself up by your bootstraps. We never went a day without something to eat, water and ice.
Liberal chickens coming home to roost. More government caused problems that can't be solved by more government.
Lib I know says that the reason there is no money to spend is because Bush and the Pubbies spent it all. BDS is alive and well.
Forgetting of course that regardless, the government can't fix the economy by throwing taxpayer dollars at it.
“But of course, it’s deeds, not words, that matter, and FDR and the New Deal delivered.”
Something like missing the forest for the trees here?
“The surprising part is that William Troeller killed himself not in 1930, when Herbert Hoover was president, but in 1937, in Franklin D. Roosevelt’s second term. The New Deal was almost five years old, but the economy was not back. In fact, the country seemed farther from recovery than before. A new sense of futility was overcoming Americans. The British magazine the Economist sneered that the United States “seemed to have forgotten, for the moment, how to grow.” —Amity Shlaes http://www.washingtonpost.com/wp-dyn/content/article/2009/01/30/AR2009013002760.html
on the unemployment numbers:
“But Roosevelt the economist is unworthy of emulation. His first goal was to reduce unemployment. Of his own great stimulus package, the National Industrial Recovery Act, he said: “The law I have just signed was passed to put people back to work.” Here, FDR failed abysmally. In the 1920s, unemployment had averaged below 5 percent. Blundering when they knew better, Herbert Hoover, his Treasury, the Federal Reserve and Congress drove that rate up to 25 percent. Roosevelt pulled unemployment down, but nowhere near enough to claim sustained recovery. From 1933 to 1940, FDR’s first two terms, it averaged in the high teens. Even if you add in all the work relief jobs, as some economists do, Roosevelt-era unemployment averages well above 10 percent. That’s a level Obama has referred to once or twice — as a nightmare. “
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/30/AR2009013002760.html
Pinkerton hit the nail on the head, but the "spending" needs to be in the back pocket of businessmen (tax cuts) as opposed to wasteful gubment spending.
When they are all thrown out in 2010 and finally in 2012, we must get back to producing tangible goods, neutering union hegemony and focusing on innovative technologies in health care, energy(based on proven, viable sources), transportation, and consumer goods in an extraordinary way. This so called stimulus money should now be flowing into sectors that will stimulate productive capacity throughout the economy; mainly by investing in physical structures. I’m not seeing any Republican leadership on THIS or ANY other issue. It must begin straight away, so who will step up? Green shoots— hell— green shits is all we got from this Administration!
The economy can't be Obama's "Katrina" because the economy is actually HIS FAULT!
Man, I wish people would lay off the Katrina lies once and for all.
I like Pinkerton.
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