Looks like it’s back to the lab again …
After joining former President George W. Bush in effectively dismantling the free market economy (which has predictably failed to create anything resembling prosperity), U.S. President Barack Obama is now riding to the rescue with a new package of “targeted spending” aimed at … wait for it … “stimulating” a sluggish economy.
Sound familiar?
In remarks delivered Friday from the Rose Garden at the White House, Obama said he will unveil his new proposals – which are rumored to include some tax cuts – next week.
“We are confident that we are moving in the right direction, but we want to keep this recovery moving stronger and accelerate the job growth that’s needed so desperately,” Obama said.
Wait … wait? We’re “moving in the right direction?”
Job growth is nonexistent, the housing market is imploding, health care costs are up, income levels are down, consumer confidence has evaporated and the global economy is teetering on the brink of a sovereign debt-induced fiscal collapse.
But we’re “moving in the right direction?”
Whatever …
Anyway, Obama’s team – which told us a year ago that the recession was over – appears to be focusing their efforts on a hodgepodge of comparatively small-dollar solutions. Of course stacked up against the estimated $13 trillion that the government has spent, lent, pledged or printed over the last three years … anything is “small-dollar.”
While we’re glad there may be some tax cuts included in the package, the bottom line is that Obama and his advisors are spent. There’s really nothing they can do between now and November except spin the numbers that come out as best they can.
Incidentally, one of Obama’s rosiest of inaccurate forecasters – Christina Romer – is leaving her post as chairwoman of Obama’s Council of Economic Advisers Friday to return to … wait for it … the University of California at Berkley.
If only we could send Obama and his whole team there, too …
By eb September 4, 2010 at 2:35 pm
Jimmy Carter is having a party this weekend. His wife, Rosalynn informed him that she no longer considers him to be the worst President during her lifetime. She will also start speaking to him again on the first day of October.
Our congratulations to Mr. Obama, he was able to capture the crown with less than two years in office.
You are right, it took more than one person to get us to this point. But, I would also like to nominate all the elected officials in Congress who must share in the blame. There have also been state elected officials who help get us to this point.
I think the greatest responsibility rests on the shoulders of the American public who come to rely on “professional politicians” to satisfy our every whim. We voted all these incompetent opportunistic ne’er do wells into office, now we must figure a way out to get rid of them and clean up this economic mess.
I don’t think Mr. Obama is the person to get us out of this economic malaise; he does not have the knowledge, experience, or intestinal fortitude to make the right decisions to guide him to the right conclusions. His staff can also be defined as lacking the same traits as their leader.
Mr. Obama is incapable, he is an empty transparent vessel whose essence of political definition is a person who “hates George Bush.”
If it had not been for Mr. George Bush, Mr. Obama would still be a rather obscure freshman Senator from Illinois. “Hate Bush” played well during the campaign; running for “no war in Iraq” and then the economy at the latter stages.
Time for Obama to put on the “big boy pants,” get out of the campaign mode, Stay off the golf course, stop blaming Bush, and do the best he can with the economy. Even if he does manage to get the economy pointed back in the right direction, for him, it may be too little, too late. The man will be a “one hit wonder,” a one term President.
By countryboy September 4, 2010 at 4:24 pm
When Mac Daddy says we are going in the right direction, he must be referring to moving toward socialism.
And eb, Mrs. Carter is not the only one who thinks Jimmy is now just the second worst President in my lifetime, thanks to Obama.
But we survived the joke from Georgia and we will survive the joke from Chicago.
By Ralph Hightower September 5, 2010 at 3:53 pm
John McCain was incapable of being POTUS. He is a single tasker; he wanted Obama to take a sabbatical from campaigning to solve the financial crisis. I’m sorry John, but you can’t hit the PAUSE button on your VCR to stop the world from spinning around the Sun. Stuff happens.
Besides, McCain’s primary campaign nearly went bankrupt twice! Not once, but twice!
Where would we be if McCain were elected POTUS?
By eb September 5, 2010 at 9:06 pm
By Ralph Hightower September 5, 2010 at 3:53 pm
“Besides, McCain’s primary campaign nearly went bankrupt twice! Not once, but twice!”
Ralph, the following is an article from Rollcall referenced on the Huffington Post on 31 August 2010.
“McCain’s compliance fund(from the 2008 Presidential Campaign) reported $17.1 million in cash on hand as of June 30, with $4.65 million in transfers to the Senator’s re-election committee having been made during the second quarter of this year. Additional transfers were made before the August pre-primary fundraising reporting deadline. McCain also used the compliance account to make $63,900 in charitable donations to the Boys & Girls Clubs of Phoenix and about a dozen Phoenix-area churches.”
I guess he eventually resolved his campaign finance problems and saw fit to donate a little to charity.
“He is a single tasker; he wanted Obama to take a sabbatical from campaigning to solve the financial crisis.”
I guess John McCain learned all single tasking techniques while vacationing at the “Hanoi Hilton” in the 60′s and early 70′s. Obama learned his multi-tasking management skills on the streets of Chicago using Saul Alinsky techniques to shake down business’ who would not violate good business practices to cater to his mob.
And they both went back to Washington to be there for the bailout bill.
Ralph,
I don’t get it. Speculating where we would be if John McCain had been elected President is a non squitur.
And John McCain is not one of my favorite politicians. The Conservatives/Republicans should have done a lot better, but, they did not.
Let’s see..
Thus goes the script…
“It was Bush’s fault.”
“Where would we be if we had elected John McCain?”
Just think, I seemed to have pissed away my youth because I did not study the “true” history.
By sid September 6, 2010 at 2:22 am
It really doesn’t matter where you think we would be with McCain, RH. Barry said he could do the job, the naive believed him, and now he has shown that he cannot do the job. I know it must be hard to take, but that is the case.
Trying to imply we would be worse off with McCain is a rather simplistic attempt at distraction. I guess you finally figured out the “Blame Bush” mantra has lost any meaning in the real world, and now you’re trying the “He’s better than McCain would have been” chant. Sorry. Won’t work. The One-and-Done One gets the blame for everything that happens on his watch.
I only wish he were half as competent as he was made out to be. My portfolio can’t take much more of this clown.
By Skidmarks September 6, 2010 at 7:46 am
The fact is that the Great Recession is over.
- The banking system is no longer in danger of complete collapse. If you have good credit, you can borrow all the money you want. (Too bad so many banks made bad loans and are being taken over by the FDIC.)
- We are no longer losing 500,000 jobs a month, we are gaining 65,000 jobs a month. (Too bad we aren’t gaining more.)
- Construction is picking up. (Too bad not more.)
- Manufacuturing is picking up. (Too bad not more.)
By eb September 6, 2010 at 1:14 pm
“Where would we be if McCain were elected POTUS?”
I actually heard a Democrat talking head spout out this phrase on network TV today.
What’s the logic here?
I understand, “It was Bush’s fault, this recession,” although I don’t agree.
I don’t get,”Where would we be if McCain were elected POTUS?”
I guess it is suppose to imply that Bush made things so bad for Obama that McCain would have done worse because he is not the stellar and omnipotent God of the universe, like Obama.
If this is the latest campaign strategy to come flying blindly from the darkness and guano of the Democrat party bat cave, I wish them good luck.