Obama Is Destroying The Economy

[bush_cheney2004]

I think these years will be known as the Bush/Obama years. More or less two Presidents who have increased the size of government, engaged in disasterous economic policies and based their decisions of idealism instead of reality. To Bush's credit though, he wasn't near as much of a protectionist as the Democrats.

Obama is borrowing a card from VP Cheney...never waste a good crisis to achieve ideological goals. Obama thinks he can use the old Clinton apparatus (and henchmen/women) without any of Clinton's pragmatism.

The best hope the United States has is if the GOP can regroup and get majorities in the Congress and Senate.

The US will be OK either way.....won't get any worse than the 1970's. The difference is now a lot more of the world has tasted the good life and they don't want to wear bell bottom pants or drive Mustang II's.

[Oleg Bach]

Yes more of the world has tasted the good life. They will want what we had in the 50s 60s and 70s -- Wait until China wants a car just like in the movies - our movies. The same people that want to protect the environment and curb climate destruction have no quams about assisting China in living the dream of the big fin and chrome era...They seem to forget as far as keeping pollution in check...that you can GREEN all of North America..and we can all ride bikes about...THAT as China gets to live the dream - a huge cloud of black smoke will drift up from their grid lock and 50s style smoke stacks that will drift over here and we will have all we every wanted as far as green - green skys. Do you really think that Clinton was pragmatic...did he have old fashioned trailer park good sense - and no Monika blue dress jokes...cigar ---------maybe.

[bush_cheney2004]

.... Do you really think that Clinton was pragmatic...did he have old fashioned trailer park good sense - and no Monika blue dress jokes...cigar ---------maybe.

Clinton was a good 'ol boy...a real Bubba. He pissed off the liberals more than the conservatives with welfare reform, more incarcerations for dopers, defense of marriage act (DOMA), etc. Clinton had to work with a Republican House "Contract with America"...pragmatism was in order. Obama faces no such restrictions, so he is after my wallet.

[Canadian Blue]

Bill Clinton wasn't that bad, I would have likely voted for Bush in 92, however I'd say of the past Century Bill Clinton is one of the better Democrats to have taken office.

[Oleg Bach]

Clinton was a good 'ol boy...a real Bubba. He pissed off the liberals more than the conservatives with welfare reform, more incarcerations for dopers, defense of marriage act (DOMA), etc. Clinton had to work with a Republican House "Contract with America"...pragmatism was in order. Obama faces no such restrictions, so he is after my wallet.

For a guy that supported Obama - you sure had a big turn around in thinking. When it gets down to the crunch it looks as if Obama knows the same thing as the under talented Bush knew - when you are not sharp enough to keep a nation economically afloat, return to the old play book and refere to the section that says "When all else fails wars are a quick way of stimulating the economy" - to bad they were so poor at war - I believe the trick is go in fast, make the profits and get out with the money...if they were bank robbers the gang would have been called Dumb and dumber - or the other way around. Obama is taking the simpistic approach also - toss as much money at the mess and maybe some of it will make something magical happen...damn that black hole - is all he will be thinking once he figures it out.

[bush_cheney2004]

For a guy that supported Obama - you sure had a big turn around in thinking. When it gets down to the crunch it looks as if Obama knows the same thing as the under talented Bush knew ....

Not me 'Bro...I did not support Obama.....I'm a McCain man...for professional reasons. We already saw what Bush did when handed a recession and major terrorist attack...now we get to watch Obama squirm with such problems. So far the markets are not impressed.

[bush_cheney2004]

Bill Clinton wasn't that bad, I would have likely voted for Bush in 92, however I'd say of the past Century Bill Clinton is one of the better Democrats to have taken office.

I voted for Perot.....Clinton was a distant third choice. Perot saw this train wreck long before the current crop of economic experts.

Edited March 7, 2009 by bush_cheney2004

[Oleg Bach]

I voted for Perot.....Clinton was a distant third choice. Perot saw this train wreck long before the current crop of economic experts.

That is amazing - remember when Perot said "there is a sucking sound of all the money being squeezed upwards" For a sqeaking wierd little guy he did see the train wreck coming. This hickster millionare - knew that money must be current and flow through society - he knew as a rich man if the rich take it all there will be none left to spend - hence a standstill...You would think that one tenth of one percent that took the cash would have figured out that in time you can not buy the services of people who are broke - mentally and finacially - that even the buying power of their money dwindles when you wreck an economy through greed.

[bush_cheney2004]

That is amazing - remember when Perot said "there is a sucking sound of all the money being squeezed upwards"

Ross Perot was a trip.....remember this line?

"the national debt is like the “crazy aunt that nobody in the family talks about.”

[Oleg Bach]

Ross Perot was a trip.....remember this line?

"the national debt is like the “crazy aunt that nobody in the family talks about.”

Like the heiress I knew as a young man ...they would threaten her and say "do you want to be like your crazy aunt Martha?" Still aunt Martha is their family...and it is their debt. Now they want to disgard the old lady and have her come and live with us...kind of like the witness protection program - Give the old lady a new name and identity and say she is part of OUR family - and they don't know her and want nothing to do with the wacko widow.

[Canadian Blue]

I voted for Perot.....Clinton was a distant third choice. Perot saw this train wreck long before the current crop of economic experts.

Wasn't Ross Perot actually ahead in the polls before he dropped out and then got back in the race again. I wonder what would have happened with a President Perot.

[bush_cheney2004]

Wasn't Ross Perot actually ahead in the polls before he dropped out and then got back in the race again. I wonder what would have happened with a President Perot.

I don't recall that Perot was ever ahead in the polls, but he did manage a respectable 19% for the Reform Party, and carried zero states.

[daniel]

Ha Ha, I knew it was only a matter of time before somebody started blaming Obama or the Democrats for the recession. For the record, we all know that the economy was already in destruction (that's what a recession is) during the presidential campaigns.

I'm going to go out on a limb and guess that eventually somebody else will re-write history and state something like the economy was ok until Obama or the Democrats took over - just like some people blame the Democrats on the war in Iraq.

[ironstone]

Ha Ha, I knew it was only a matter of time before somebody started blaming Obama or the Democrats for the recession. For the record, we all know that the economy was already in destruction (that's what a recession is) during the presidential campaigns.

I'm going to go out on a limb and guess that eventually somebody else will re-write history and state something like the economy was ok until Obama or the Democrats took over - just like some people blame the Democrats on the war in Iraq.

You neglect to mention that some prominent Democrats initially supported military action against Iraq.As for Obama,history will be the judge of his time in office.So far,his popularity is very high,but not with Wall Street which speaks volumes about his stimulus package.I'm no expert in economics,but everything that I have read implies that the seeds were sown for this recession a long time ago basically by governments forcing lenders to make credit easily available for those who didn't earn it otherwise.

[Oleg Bach]

Take trillions of dollars over a period of years and send it abroad to wage wars and interfere with other peoples buisness to increase your buisness - leaves a nation in poverty - America caused it's own default in this game - like a drunken father who took his paycheck out to the bar hoping to win at pool and double his money - meanwhile the wife and kids are now going hungry - and calling it a reccession is very depressing whey you think about how simple the problems cause is.

[ironstone]

Take trillions of dollars over a period of years and send it abroad to wage wars and interfere with other peoples buisness to increase your buisness - leaves a nation in poverty - America caused it's own default in this game - like a drunken father who took his paycheck out to the bar hoping to win at pool and double his money - meanwhile the wife and kids are now going hungry - and calling it a reccession is very depressing whey you think about how simple the problems cause is.

This recession is not limited to the United States only.This is a world wide economic downturn,even affecting peace loving countries like Sweden for instance.

[daniel]

...some prominent Democrats initially supported military action against Iraq....

You're already proving my point.

[sharkman]

So what has Obama done since Jan 20 that has had a positive effect on the economy. Nothing. His wunderkid, Geithner, still hasn't assembled his staff and is overworked. Obama's done nothing but talk down the economy. The Dow Jones has lost 20% since Jan 20(and counting). Less than 10% of the stimulus package gets spent in 2009! Now he's got his eyes on universal medicare, he's going to spend this government into the ground.

Bush never harmed the economy like Obama is doing now.

[GostHacked]

Bush never harmed the economy like Obama is doing now.

Lol whuuuut??

[msj]

So what has Obama done since Jan 20 that has had a positive effect on the economy. Nothing. His wunderkid, Geithner, still hasn't assembled his staff and is overworked. Obama's done nothing but talk down the economy. The Dow Jones has lost 20% since Jan 20(and counting). Less than 10% of the stimulus package gets spent in 2009! Now he's got his eyes on universal medicare, he's going to spend this government into the ground.

Bush never harmed the economy like Obama is doing now.

A number of errors here:

1) You are mixing up the real economy with the stock markets.

2) The real economy has been going down since at least Q3 2008, it went down big time in Q4 2008 and will show a big decline in Q1 2009. I suppose this is somehow Obama's fault to?

If only a politician would say the right words and everything will be fine!

3) I am supposing that you also blamed Bush for the 2000/2001 recession and how the Nasdaq fell 33% between Jan - March, 2001?

[Oleg Bach]

A number of errors here:

1) You are mixing up the real economy with the stock markets.

2) The real economy has been going down since at least Q3 2008, it went down big time in Q4 2008 and will show a big decline in Q1 2009. I suppose this is somehow Obama's fault to?

If only a politician would say the right words and everything will be fine!

3) I am supposing that you also blamed Bush for the 2000/2001 recession and how the Nasdaq fell 33% between Jan - March, 2001?

It's not if a politician would say the right words and it would be fine. It would be if every last citizen said the right words and it WOULD be fine. Sure would be nice if we had a sincere and powerful leader that would rally the people and fix the economy instantly - the ecomomy does not consist of dollars it consists of people..when people recede - you have a recession - when people get hopeless and depressed you have a depression. This Obama and Ignatieff and Harper thing seems not to be what they are cracked up to be..not one of these leaders can rally the people because not one is honest and means it - and the people are not stupid.

[sharkman]

A number of errors here:

1) You are mixing up the real economy with the stock markets.

2) The real economy has been going down since at least Q3 2008, it went down big time in Q4 2008 and will show a big decline in Q1 2009. I suppose this is somehow Obama's fault to?

If only a politician would say the right words and everything will be fine!

3) I am supposing that you also blamed Bush for the 2000/2001 recession and how the Nasdaq fell 33% between Jan - March, 2001?

A number of wrong assumptions:

1) I was not mixing up the economy and stock market. Please explain how you perceive I did this.

2) I did not blame Obama for what happened prior to his taking office, but his actions after.

3) I did not and I do not blame Obama for the recession.

You seem unaware how a president's words can cause the DJ to drop 200 points when people are scared to begin with. I could give you links to show you, but I don't feel like a link war. Think what pleases you.

[msj]

A number of wrong assumptions:

1) I was not mixing up the economy and stock market. Please explain how you perceive I did this.

2) I did not blame Obama for what happened prior to his taking office, but his actions after.

3) I did not and I do not blame Obama for the recession.

You seem unaware how a president's words can cause the DJ to drop 200 points when people are scared to begin with. I could give you links to show you, but I don't feel like a link war. Think what pleases you.

Read your own words. First you say that he has done nothing for the economy (sure, the stimulus package is way too small but to call it nothing is ridiculous). Then you go on about the market falling.

I simply put two and two together.

As for politicians and their words: how gullible do people have to be - he is a politician.

A lying politician. He is not some kind of magic man with soothing words that will make people do foolish things like buy stocks when fundamentals are eroding (you know, things like earnings estimates which are still being revised lower and lower).

[Shady]

You seem unaware how a president's words can cause the DJ to drop 200 points when people are scared to begin with.

Not only his words, but his disasterous policies that have scared the crap out of business and investors.

[jdobbin]

Lol whuuuut??

Exactly. The biggest drops in the stock market haven't happened under Obama. They have happened under Bush.