Obama leading US into Depression

[asur]

Maybe technically we aren't there yet, but Obama policies are actually
leading that way. Even some democrats are now worried about
Obama's spending. Maybe a few too late.

They see the US is spending way too much money
and believe tax revenues will dry up, quickly.

People that don't work, don't pay taxes, and fewer
people are now working. Just a fact. All the stimulus
spending to date has failed.

It is very bad out there right now, but is going to get worse.
Thanks to Mr. Obama's ideas to spend even more.

Do real struggling business spend their way to profitability?
But that is the Obama plan, a very foolish plan.
Bailouts for unprofitable businesses and foolish homeowners
aren't going to solve anything.

Obama is stinking up the economy at our expense.

 

[Pandora]

People are starting to see it but it will be very clear by a year from now. At that point only the drooling bots will still be defending his policy.

 

[pocketfullofshells]

longest recession since WWII...Obama is a month in, and your already blaming him....get a clue please.

 

[Mr. Shaman]

Maybe technically we aren't there yet, but Obama policies are actually
leading that way. Even some democrats are now worried about
Obama's spending. Maybe a few too late.

They see the US is spending way too much money
and believe tax revenues will dry up, quickly.

People that don't work, don't pay taxes, and fewer
people are now working. Just a fact. All the stimulus
spending to date has failed.

It is very bad out there right now, but is going to get worse.
Thanks to Mr. Obama's ideas to spend even more.

Do real struggling business spend their way to profitability?
But that is the Obama plan, a very foolish plan.
Bailouts for unprofitable businesses and foolish homeowners
aren't going to solve anything.

Obama is stinking up the economy at our expense.

Gee.....you should be writing a blog.

You're so..........eloquent.

​

 

[Pandora]

Yeah, things have gotten so much beter since Nov 4th and really a ton better since Jan 20th we just like to pretend things are worse for the fun of it all. His choices has just grown that stock market like there was no tomorrow and the men and women who have been cut at work really just are happy because now they get time off to pray to lord obama

 

[Andy]

longest recession since WWII...Obama is a month in, and your already blaming him....get a clue please.

Although I can completely see Obama policies driving us into a depression, or run away inflation, I have to agree with Pocket on this one.

Let's not start blaming Obama for things not yet done, or things he didn't do. He's done more than enough for us to legitimately blame him for, without trumping up possible future outcomes.

One of the things we have hated about the left for ages, is their ability to blame others for all manor of thing, much of which was theortical future possibilities. Let's not do those things we claim to hate, and end up like those we despise.

 

[Mr. Shaman]

Maybe technically we aren't there yet, but Obama policies are actually
leading that way.

Do you take any meds for your paranoia???

​

 

[HankHill]

longest recession since WWII...Obama is a month in, and your already blaming him....get a clue please.

Ya, come on guys, he's only been in office for a lil bit, give him a chance to increase the damage he's already done in such a short amount of time.

 

[PLC1]

Obama is hardly responsible for a global depression. He simply doesn't have that much power.

Not only that, but he has only been in power for a short time, and he hasn't done anything to the economy that his predecessor didn't also do.

We will be holding him and his Democratic Congress responsible for the increased debt, of course, and the resulting inflation, but the global depression? Nope, sorry, find another fall guy.

And Bush and his Republican Congress (2000- 2006) has something to do with that debt as well.

There is plenty of blame to go around, BTW, so you shouldn't have any trouble finding someone to cast it on. Let's start with Bernie and his fifty billion theft.

 

[Mr. Shaman]

Yeah, things have gotten so much beter since Nov 4th and really a ton better since Jan 20th we just like to pretend things are worse for the fun of it all. His choices has just grown that stock market like there was no tomorrow and the men and women who have been cut at work really just are happy because now they get time off to pray to lord obama

Yeah.....we need someone like George Bush to clean-up the corporate-atmosphere!!!​

July 2002​

"Somehow, George Bush has to remoralise American business. At the moment it is profoundly demoralised – in both possible senses of the word. Both its morale and its morals are shot. The rapid rebuilding is essential not just to America, but to the rest of us, too. If the US cannot sustain a strong and sustained economic recovery, the world economic recovery will falter. It is profoundly in our self-interest to try to understand rather than jeer. (Members of our present Government should certainly not jeer, particularly those who were close to Robert Maxwell.)

Yesterday the President made his first serious effort to push through a new corporate code, with tougher penalties for chief executives who break the law. But of course the tainted nature of his own dealings in the energy business in Texas at the beginning of the 1990s has diverted attention from the wider problem and made it harder for him to catch the right tone.

Looking ahead, three things need to happen. If they do, all will be more or less well. If they don't, we should worry.

The first is for the flow of bad news about US corporate accounting standards to cease.

The second thing that has to happen is an orderly examination of the regulatory, accounting and legal framework for companies.

Increasing the penalties for some fraud from, say, five years to 10 years is much less effective than kicking someone out of the golf club. The really interesting thing to look for in America will be the way in which social attitudes to wealth change. Victorians in Britain sought to distinguish between the deserving poor and the undeserving poor. I suspect Americans will increasingly distinguish between the deserving rich (those who do a good job and get rewarded for it) and the undeserving rich (those who manipulate the system to enrich themselves while ripping other people off)."

Yeah....MBA Georgie really got-the-job-done.

Running the Country, like a bu$ine$$, is just the ticket we need.

​

 

[Pandora]

Obama's First 50 Days: Dow Minus 32 Percent

This is a pretty big drop just since his first 50 days; the drop is even bigger if you follow it back to when he was elected. A third of the entire value of the market just since he was elected! It seems reasonable that he has to take at least some credit for this.

For all the money he has pumped in, it has done no good.

Had his policy been more business friendly, had his appointments been less controversial there is more than a good chance the numbers would be up instead of down. He has to take credit for his policy and his policy is what business and the market does not like.

The economy was starting to fall before he was elected, it can’t be his entire fault but the things he is doing are making things worse not better, so he does have to take some credit even if he is the anointed one.



March 9, 2009 6:10 PM
Obama's First 50 Days: Dow Minus 32 Percent

http://www.cbsnews.com/blogs/2009/03/09/business/econwatch/entry4854709.shtml

 

[Andy]

Obama is hardly responsible for a global depression. He simply doesn't have that much power.

Not only that, but he has only been in power for a short time, and he hasn't done anything to the economy that his predecessor didn't also do.

We will be holding him and his Democratic Congress responsible for the increased debt, of course, and the resulting inflation, but the global depression? Nope, sorry, find another fall guy.

And Bush and his Republican Congress (2000- 2006) has something to do with that debt as well.

There is plenty of blame to go around, BTW, so you shouldn't have any trouble finding someone to cast it on. Let's start with Bernie and his fifty billion theft.

Another good point. We can't blame every bad policy implemented in other parts of the world, on Obama. Now we can't blame him for following failed policies around the world. Like how bailouts have failed to help the economies in Europe and the UK, yet here we are trying it here, and expecting a different result.

Like I said before, let's only blame Obama for what he has actually done.

 

[Popeye]

Obama's First 50 Days: Dow Minus 32 Percent

This is a pretty big drop just since his first 50 days; the drop is even bigger if you follow it back to when he was elected. A third of the entire value of the market just since he was elected! It seems reasonable that he has to take at least some credit for this.

For all the money he has pumped in, it has done no good.

Had his policy been more business friendly, had his appointments been less controversial there is more than a good chance the numbers would be up instead of down. He has to take credit for his policy and his policy is what business and the market does not like.

The economy was starting to fall before he was elected, it can’t be his entire fault but the things he is doing are making things worse not better, so he does have to take some credit even if he is the anointed one.



March 9, 2009 6:10 PM
Obama's First 50 Days: Dow Minus 32 Percent

http://www.cbsnews.com/blogs/2009/03/09/business/econwatch/entry4854709.shtml

The Dow industrials closed up 379.44 points today, or 5.8 per cent, at 6926.49, marking its biggest percentage gain since November 21.

http://www.theaustralian.news.com.au/business/story/0,28124,25170254-5017999,00.html

 

[Pidgey]

The Dow industrials closed up 379.44 points today, or 5.8 per cent, at 6926.49, marking its biggest percentage gain since November 21.

http://www.theaustralian.news.com.au/business/story/0,28124,25170254-5017999,00.html

This is really going to hurt...

 

[Pidgey]

Sense of scale--DJIA from 11/4/08 to 3/10/09: