White House: The Economy Is Lost

gopleader.gov ^

[Sub-Driver]

White House: The Economy Is Lost Obama Admin. Says “Nothing Is Possible” To Help Struggling Economy As Jobless Claims Hit Nine-Month High, Employers “Scared To Death”; Gop Listening And Offering Better Solutions

Washington (Aug 19)

With President Obama set to take off for Martha’s Vineyard in a matter of hours, the Obama Administration says “NOTHING IS POSSIBLE” (their caps, not ours) to help an economy showing new signs of job losses and employer uncertainty. (Now, this is a peculiar admission coming from a White House that is also saying, despite his vacation, that the president is “working hard to do everything possible to get this economy back on the right track…,” but mixed messages can be a problem for those folks these days.)

Unsurprisingly, the White House also told POLITICO Playbook it would “love to back additional stimulus,” but outside of that, “RIGHT NOW, NOTHING IS POSSIBLE…” to get our economy moving again. There you have it: the American people are asking ‘where are the jobs?’ and all Washington Democrats have to offer is more of the same failing ‘stimulus’ policies. How’s that been working out? Well, here’s how things are going a little more than two weeks after the Treasury Secretary declared “welcome to the recovery” in The New York Times:

The government reported this morning that jobless claim filings rose to their highest levels in nine months, “yet another setback” and a “sign that employers are cutting jobs again.” Welcome to the reality:

“New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.” (Reuters, 8/19/10)

“New applications for unemployment insurance reached a half million last week for the first time since November, a sign that employers are cutting jobs again as the recovery slows.” (AP, 8/19/10)

And yesterday, in Ohio – 10.5 percent unemployment -- just “a few blocks” from where the president was hobnobbing at a downtown fundraiser, hundreds were waiting on line at a job fair only to learn that opportunities are scarce because employers are “scared to death.” Welcome to the reality:

“A few blocks from where President Barack Obama was raising money for Gov. Ted Strickland, Dan Howard was in line with about 400 other people at a job fair Downtown. ‘I wish he could come," said the 48-year-old Grove City man, who lost his job in the spring. ‘I would love to talk to him about what it's really like. … Companies are just frozen,’ said Howard, who holds three college degrees.

“Bob Hillman, who ran the employment event for National Career Fairs, said employers across the country want to hire but are uncertain about what will happen in Washington with taxes, health care and financial regulation, and that is keeping them on the sidelines. ‘They're simply scared to death,’ he said.” (The Columbus Dispatch, 8/19/10)

LISTENING AND OFFERING BETTER SOLUTIONS. As part of America Speaking Out, House Republicans have been meeting with constituents to hear their concerns and to engage them in the creation of a new governing agenda for the nation. With an innovative web forum at AmericaSpeakingOut.com, through cutting-edge mobile applications, and at nation-wide town hall meetings, House Republicans are giving Americans a megaphone to make their priorities heard. Throughout this week, Republicans have been fostering national dialogues on better solutions to provide the fiscal discipline economists say is needed to get people working again. Republicans on the House Budget Committee have identified $1.3 trillion in spending cuts that could be implemented right now to make Washington do more with less and focus on growing the economy, not the government.

[BookmanTheJanitor]

Obama says he loves jobs, but hates & works to destroy the people that create them

[NTHockey]

Tax them all 100%. They are all rich. Why else would any rational person spend millions (often from their own fortunes) for a job paying $170K+?

[mjp]

the Obama Administration says “NOTHING IS POSSIBLE” (their caps, not ours) to help an economy showing new signs of job losses and employer uncertainty.

BS

Reagan had unemployment greater than 10%, high interest rates, and high inflation during his first year in office.His economic program went into effect in October 1981, and by May, 1982 was already starting to work.It only took 8 months.

[reagandemocrat]

>>>Nope, 0 is taking a vaca to celebrate his accomplishments that he set out to do. Destroy the American dream.<<

You have a point.

Let’s recap:

O destroys the US economy with ObamaCare, nationalization of banks, auto and insurance. Then he supports 9/11 Mosque, Soros bails out of US— signalling O’s job is done— O creates giant traffic snarl in LA, then gives America the finger from Martha’s Vineyard.

Mission Accomplished.

[MNJohnnie]

Republicans on the House Budget Committee have identified $1.3 trillion in spending cuts that could be implemented right now to make Washington do more with less and focus on growing the economy, not the government.

Rather then sitting on your asses posting and re-posting the same mindless bitching at the GOP leadership day in and day out, maybe you CINOs should actually try LISTENING to what they are saying for a change.

[SoldierDad]

Something wicked this way comes - There are too many signs on the wall now to dismiss the possibility that this world is heading towards disaster.

[SoldierDad]

No, the Obozo Admin is correct. “NOTHING IS POSSIBLE” when their end result is the destruction of America and their plans are well on the way to achieving this.

[Little Ray]

Dunno ‘bout that.
If Hope and Crosby had been running against McCain, I think I might have voted for ‘em.
They’d certainly be an improvement over Obama and Biden.

[maddog55]

You’re reading this all wrong...

“NOTHING IS POSSIBLE” FROM the Obama Administration.

Just about anyone that can balance a checkbook could fix the economy.

[nagdt]

Democrat party is more like a funeral these days. ;)

[DoughtyOne]

MNJohnnie, I don’t expect you to get it, after watching your continual drivel focused to garner support for an organization that hates Conservatives, but you do have eyes and you should be able to read.

The Republicans signed on to a program that will cost taxpayers literally trillions of dollars when they signed on to Medicare Part D.

None the less, you turn to them for a remedy to our current situation. I’m not angry with you. I just feel sorry for you.

Living in that dream state may provide peace and tranquility to you, but it doesn’t help get our nation back on track.

Look, drugs will give you peace and tranquility too. I still don’t see them as the solution to our nation’s current predicament.

The Republican party is lying to you. What part of that do you not understand?

[sarasota]

I think employers have realized that they can currently operate with fewer employees which allows them to increase the bottom line and prepare for Obamacare.

[An Old Man]

"TARIFFS RECIPROCITY is the answer. You put tariffs on our goods we will protect our industries."

Just like the rest of the socialists ideas. The haven't worked before, so what makes you think they will this time.

[sarasota]

No apology necessary. I got your point and respect it. When I get angry, I take a little hiatus from the news and just stay w/freerepublic. It keeps things in perspective.

[pallis]

The economy was lost the minute McCain won the GOP nomination, guaranteeing an Obamao win.

[sickoflibs]

RE :”Rather then sitting on your asses posting and re-posting the same mindless bitching at the GOP leadership day in and day out, maybe you CINOs should actually try LISTENING to what they are saying for a change”

That's it! A few Republicans in the House identified some cuts? That impresses you? This must be big...why don't you post a linked article listing those cuts if you are so impressed? Then you will have something to talk about.

First Fire leader Boehner, replace him with a non-statist who opposed TARP, Apparently Boehner never heard of these CUTS you are impressed with because he has been asked to identify cuts repeatedly on camera and never cites any. Back in 1994 the conservative Republicans in the house actually wrote balanced budget bills and forced democrats to reject them.

This still doesn't redeem Bush.

[DoughtyOne]

Yep...

And now we’re poised to nominate someone who has not only endorsed him for re-election, but has also stated they agree with his policies.

If that doesn’t give pause, nothing will.

[justlurking]

The economy was lost the minute McCain won the GOP nomination, guaranteeing an Obamao win.

Hyperbole aside, there's some truth to that.

When it became clear that Obama was going to be the nominee and was pulling away in the polls, the economy really started going south.

Business owners went into defensive mode over the uncertainty, and everything that the Obama administration has done justified it. So far, they haven't seen any reason to venture out again.