I think he would have been better off responding, "Hey, guys I'm buying shrimp" again to the question...
Mullah Obama can stand by his Recovery Summer all the way through November 2nd so We The People can see what a fool he is. Meanwhile, during his Recovery Summer, he and Muchelle had one vacation after another paid for by We The People.
Credit: Matt Drudge
Many think there won't be a double-dip recession because we never exited from recession.
What is more alarming is the weekly filings from the BLS is “first time filers”. Considering that number has been around 450,000 or more each month of this so-called recovery should be scaring the hell out of people. They use the number from week to week and the differences between them to make a case that it is getting better. How in the hell are we supposed to get all warm and fuzzy when over 400,000 NEW people are filing for unemployment each week?
The dealer is showing a K and this fool doubles down with a 9 and a 6 in his hand.
There has never been a dumber POTUS. Not even carter.
I don’t know how this journalist considers this a “double dip recession” when the economy has been in one long sustained slide since Barry took office. The Dems have become transparently delusional.
The administration described the summer of 2010 as “recovery summer” because a large amount of the 2009 stimulus package was being spent over the summer
spinspinspinspin
How about telling us where the stimulus money is going - you know - be transparent?
Here’s just a few -
Wow, $3.4 million to build a 13 foot tunnel for turtles? How much is that a foot? Nice work if you can get it.
http://www.jsonline.com/business/82657582.html
anything changed since?
there are many more outrageous allocations of stimulus money - someone needs to demand a list.
I know this may sound counter-intuitive, but maybe we should be cheering Obama on, because if Obama has proven anything over the last two years is that liberal economic policies are a complete failure. Put simply, let him dig his own grave.
Any person who has taken ECON 101 or has done business in the real world can tell you that more government spending, more regulations and higher taxes are not a recipe for economic growth and job creation.
Barack Obama has proven to all and sundry that you can’t control a $13 trillion dollar economy by imperial fiat from Washington DC.
I believe it was Bush senior who said something similar, and the press tried to crucify him.
As delusional as the Captain of the Titanic probably with same result as well.
They were terribly worried about making those mortgage payments so they doubled down on the payments. That is what America is doing now on our credit cards, on our corporate balance sheets, and, yes, on our mortgages when they are not underwater.
It takes a long time to lift this burden. But, as I have posted time after time, it is a disservice to our readers, to conservatism, and to our reputation, to see economics through a political filter. Even worse is it to judge the market through a political prism. George Soros got to be a billionaire by going the other way. Anyone who invests on the basis of his political instincts is a fool. George Soros is evil but he is not a fool, neither should we be.
The market, like the Holy Spirit, is no respecter of persons or politics. It is a giant mistake to conflate politics with finance. One must maintain an open mind, free of political prejudices, when predicting markets. Keynesians do not maintain an open mind. Milton Friedman, on the other hand, is the essence of the open mind. Nevertheless, Friedman in academia is despised and John Maynard Keynes is holy writ.
Unemployment is a laging indicator. My suspicion is that we are coming to the end of the starker losses in employment, that picture will now stabilize, but the economy as a whole will not recover vigorously, but languidly.
Politics keys off of the unemployment statistics. But that is a whole different matter from the course of the economy. As a lagging indicator it is like trying to analyze the market by looking at the rear view mirror.
Light all the boilers and make maximum speed!
Note: If you decide to use this, be aware that there are two pics, left and right.
[”I don’t regret the notion that we are moving forward because of the steps that we have taken,”]
At some point, EVERYONE will have to finally admit that this country is being run by an absolute fool.
You can always count on Obama to double down. His narcissism wouldn’t allow it to be any other way.