I look forward to the day the Nigerian goes does the perp walk.
Posted on 07/10/2009 2:46:04 AM PDT by Scanian
BARACK Obama spent all of 2008 running against the sputtering economy, and warned earlier this year of a crisis "we may not be able to reverse." Yet, as the unemployment rate climbs beyond the administration's projections, Vice President Joe Biden informs us that the administration "misread how bad the economy was."
Apparently, we were going to experience a once-in-a-lifetime economic crisis comparable to the Great Depression without a particularly high unemployment rate. This was the promise of the Obama administration, which indulged in hair-raisingly alarmist economic rhetoric while pumping out unduly hopeful economic projections.
If the Reagan administration gave us the rosy scenario, the Obama administration has given us the rosy apocalypse.
The rosy apocalypse is an artifact both of ideological naiveté and knowing cynicism. The administration genuinely believed, against all historical experience, that government spending would boost us out of the recession. And it knew it had to assume an unrealistically rapid, robust economic recovery, because otherwise the already-horrid deficit projections would look worse. So Obama talked up the crisis to get the stimulus passed, and after that . . . happy days again!
If only the job market were cooperating. In a report prior to the passage of the stimulus, the soon-to-be head of the Council of Economic Advisers, Christina Romer, suggested the unemployment rate wouldn't increase beyond 8 percent. It now stands at 9.5 percent and will go higher.
The Obama stimulus is falling victim to the poor timing and inefficiencies of all such recession-fighting spending programs.
(Excerpt) Read more at nypost.com ...
Hows that LBJ War on Poverty work out?
How’d that Model Cities, Urban Renewal, HUD trillions of dollars work out?
How is the beautiful cities of Detroit, Toledo, Newark, Oakland, Gary, Bridgeport....and a hundred other money pit Democrat run, thinking, spending cities doing?
Yeah, give me more of this.
(Next election. Batter Up. Clueless pablum spewing trillion dollar limpwrist Republicans. Oh, boy. Goody goody)
I guess the Salesman in Chief better get out and do a better sales job....look for Obama TV 24&7.
WICKED, DECEITFUL, LIARS!
In all my years of watching politics, I’ve never seen a group that lies so outrageously. Goebbels would blush. TruthSpeak come alive.
“never waste a good crisis”
Amen.
Afirmative Action President......what did you expect?
That's because Bush Lied, and it was much worse than he led us to believe. Obama is in charge now, though, and America will have to endure some pain now that it is exposed to honest government.
Hey, that's what the libs tell me.
Maybe a Nigerian scam president?
Rubini says 11% into 2011, with true not working near 20%.
So, since government is still hiring, overall, then private sector unemployment is pushing lower end of Depression levels.
Good thing we now have a high tax/permit/fee/ticket/debt government.
And a new FDR in charge of it.
I look forward to the day the Nigerian goes does the perp walk.
LLS
LLS
“Maybe a Nigerian scam president?”
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I have currently in my charge ten trillion dollars amerikan munny. I need you account number and routing information so that I can send this to you account before I am assassinated in Nigeria. Please to contact Bastard Barack H. Obama who will handle all transaction.
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