The Wall Street Journal, in what is rapidly becoming a GOP talking point, complained:
Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it’s become clear that Mr. Obama’s policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence — and thus a longer period of recession or subpar growth. [Emphasis added]
Are you kidding me? After five weeks in office? The ink has barely dried on the American Recovery and Reinvestment Act, and somehow Obama is supposed to undo the damage from eight years of financial mismanagement? This is the sort of nonsense you’d expect from a group that believes the “fundamentals of our economy are strong.” They’ve never understood how the economy works; that’s why they’ve never had much success in creating jobs.
So, how long before it’s on Obama’s watch? What a great gig. Come into office, make the wrong moves, and blame it on Bush for the next how many years?
If republicans are any guide on this CMan, 10 years wouldn’t be out of line. GOP’ers still blame Clinton for everything that went wrong while the criminal Bush was in office.
Spend 15 minutes paying attention to the Republicans and they will amaze you with their stupidity, venality and hypocrisy.
Cman may I suggest you read all the flutter expressed about George Bush’s first term “recession,” failures, and mistakes. Then substitute President Obama’s name and use Democratic Party wherever it says “Republican.” Rinse and repeat until you get some common sense.
No President in their first year steering the big ship of state is doing anything major but making minor adjustments to the previous Administrations policy. It was unfair to blame Little Georgie for his first months problems and it is even more unfair, say foolish, to blame President Obama for 8 years of Republican mismanagement of the economy.
Bla Bla Bla! Talk about the blind following the blind. Just as I thought Richard, you will like to try and blame Bush for 10 years. And amuseinc, I would say Obama is doing anything but making “minor adjustments” in his first 50 days. Unlike the masses, I knew what was coming if we elected this guy. I’m just amazed at the speed he’s doing it. I guess it will be up to the masses again to decide in the upcoming elections if this is what they all signed on to. Too bad a lot of damage will be done before people wake up and see the idea of the “American Dream” is no longer a reality.
So your chart conveniently includes dates showing the end of the depression and leading into World War II. Do you think that maybe people might catch on to manipulating numbers to fit your theory? If you are taking credit for all of those jobs are you also forcing Obama to take credit for the thousands lost so far in his presidency? I wouldn’t blame him but it shows the idiocy of using that chart.
Stock market is down another 200 points today. Obviously, a lot of money is betting that Obama’s announced strategy won’t work anytime soon.
Nony Moose, the numbers get even worse for Republicans if you go farther back. The start of the great depression (and most of the job losses) occurred under Republican Herbert Hoover, and there was job growth in each of FDR’s terms. Job growth under Democratic presidents is so much greater than under Republican presidents, no matter where you start.
http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms
It is still amazing that there are those who still say that FDR was responsible for starting the Great Depression.
Let’s retrace some history here!!
— The Stock Market crashed on a Friday in October of 1929. What followed was a collapse of the Banks.
— FDR was innagurated in 1933 when Unemployment rate rose to 25%.
Meanwhile between 1930 to 1933, Hoover did nothing to stimulate the Economy. Instead, he cut Federal spending.
FDR came in with the New Deal to borrow money to get Americans slowly back to work. In 4 years, FDR was able to cut the Unemployment rate to just under 10%. Goes to show that spending STIMULATES the Economy. The economy lagged a bit because FDR did not spend enough in 1937 and 1938. By 1939, WWII was on the horizon and spending increased to build Ships, Planes, etc. By the time the US entered WWII in Dec. of 1941, the Great Depression was all but over.
The GOP can whine all they want and obstruct. That is a political strategy that will cost the Party big time come 2010. The Bush years on the Economy cannot be fixed overnight.
Also, all the GOP has to offer is more Tax Cuts to the wealthy and Corporations. The days of Reagan Trickle Down Economis are over. Time to rebuild the Economy from the Bottom up, not the top down.
Would you build a House from the Roof to the foundation?? That’s how the Republicans see rebuilding the Economy!!
Since when did a Tax Cut rebuild roads, bridges, Schools, an ailing Electrical Power infrastructure? It takes money to make money!!!! Simple Econ 101
Too bad a lot of damage will be done before people wake up and see the idea of the “American Dream” is no longer a reality.
Please explain how the “American Dream” is no longer a reality.
Capitalism not socialism.
Capitalism is under attack from those at the top, not the people who drive the it at the bottom who are willing and want to work!!! GREED has become the buzzword for Big Business today.
Nor are we talking about the Government taking over the system as we know it to be. A handup, not a takeover.
Capitalism not socialism. You consider that an explanation?
Yup! That’s all that’s needed. Unless you see the “American Dream” as just being happy that the government will give you everything you need in life.
So the American Dream is “capitalism”. Interesting definition. Of course seeing that you don’t seem to grasp what the definition of socialism is, I’ll take your definition for what it is worth.
I know exactly what socialism is. Wiping out wealth, nationalizing banks and corporations, and expanding government. Getting the voting block over the percentage needed to stay in power. Obama says he looks at the markets as a tracking poll. Well, the Dow has lost 3000 points since he took office. He doesn’t seem to care as he’s going right down the list of his anti-capitalistic policies. Are you happy your retirement investments are dwindling, soon to be nothing at this rate? I wish if you and your buddies were so enthralled with living in a society that looks like this, you would go live where the model already exsists. Try Venezuela, for instance. I hear the weather is nice there year round!
My retirement investments were dwindling long before Obama took office, as was the Dow. Conservatives kicked and screamed about socialism back in thirties regarding the new deal. They were wrong then and they are wrong now. The type of economics championed by the Republican party DOES NOT WORK! Supply side/trickle down/lazie faire et al are FAILED policies. It was the “tax cuts fix everything” mentality that got us into this mess-it isn’t going to get us out. It is going to take MASSIVE government spending to fix this.
“The type of economics championed by the Republican party DOES NOT WORK!”
And Socialism does?
“It is going to take MASSIVE government spending to fix this.”
He’s got that covered!
Wow, C “Man”,
Thank you for so vividly re-animating the worn out old talking points we used to hear every day for many years. Nice to be reminded how out of touch those talking points turned out to be.
Your minority opinion is noted, but you have not taken any responsibility for the complete and utter failure of the ideology you represent.
You know, the failure everyone is talking about.
The failure of your stupid ass talking points.
Have you seen the huge disapproval ratings that people who say the idiodic things you repeat so confidently have? Nobody is impressed, of trusts you people anymore, other than your pathetic right wing base.
I suggest you pay attention more to Glenn Becks doomsday news specials, they were made for you.
We sure don’t want any of that there socialism… look how bad Sweden, Norway, Canada and just about every modified socialist first world country is doing. Of course we could add the USA into that mix as it hasn’t truthfully been totally capitalistic since well, since ever. Mouthing the words “free market” doesn’t make them exist.
Your intellect has convinced me. How could I be so wrong? I need an Obama sticker for my car. Does anyone have an old Impeach Bush sticker while I’m decorating my wheels? Thank you, thank you!!
Cman don’t let reality get in the way of your political opinions. Chairman Rush would be angered at your audacity.
C “Man”,
Your intellect has convinced me. How could I be so wrong? I need an impeach Obama sticker for my car. Does anyone have a Right Brothers “Bush Was Right” sticker while I’m decorating my wheels. Thank you, thank you!!
Right on brother!!
C “Man”
“Well, the Dow has lost 3000 points since he took office.”
Well the public approves of Baracks job performance, but I guess the public is wrong is what you, C”Man” are saying.
You’re also saying only Wall Street has the track record that makes it a reliable gauge of how well a President is doing. Of course, everyone cares what Wall Street thinks about Obama, or any issue, because they and their media representatives are so trustworthy, and have been so predictively spot-on in recent years. America should be thanking Wall Street for proving Socialism doesn’t work.
I see the DOW plunged after we won World War 2, so apparently Wall Street didn’t like it when we won that war. They are always so insightful!!
After Reagans inauguration, the DOW went into a free fall! I guess Wall Street hated Reagan too.
It must be difficult to always have to defend such complete and utter bullshit, C “Man”. You must think it is your patriotic duty to never stop repeating the talking points you are supposed to repeat, so I don’t blame you. Just know that some of us use your unfiltered, unedited, and not taken out of context words as part of a hilariously entertaining comedy routine. Thank you, thank you!!!
For the record, my chart goes back as far as there is data available.