Obamaconomy!!!

More proof the Liberal Press and Obama Gov't lie about the Obama Created Economic Disaster!


Today, they downwardly revised the 3.5% GDP lie to 2.8% for the past quarter.

Q:How come it's always a downward revision.
A: Because they pull an Obama lie to begin with.

Now the 2.8% left came from Cash for Clunkers and Home Buyer Credit, ie. Gov't Spending!

http://www.marketwatch.com/story/us...rowth-revised-to-28-2009-11-24?dist=bigcharts


So in reality GDP was ~ 0% real growth


Obama is not just bad, he's real bad for the economy
and it's called CHANGE!
 
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Actually, sales tax numbers don't support even that 2.8% figure and neither do federal tax revenues and receipts.
 
"The number of U.S. workers filing new applications for jobless insurance tumbled last week by a surprisingly large amount to the lowest level in more than a year, according to government data on Wednesday that gave fresh evidence the battered labor market is improving.

Initial claims for state unemployment benefits slid to a seasonally adjusted 466,000 in the week ended November 21, from a revised 501,000 in the prior week, the Labor Department said.

Seasonal adjustments turned a smaller-than-anticipated unadjusted rise in claims into a drop, a Labor Department economist said.

It was the fourth consecutive week of declines in seasonally adjusted claims, and marked a steady march lower from a recent peak of 674,000 in late March. Analysts say claims must fall below 400,000 to signal payrolls growth, which would be a critical indicator of recovery from the worst recession since the 1930s."
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Great job, there....DICK & Dumbya!!!!​
 
"The tiniest U.S. small businesses, which led the broader economy into the past two recessions and are widely regarded as the best hope for job creation in any recovery, are showing signs of improved confidence and financial health, according to a new study.

The examination of loan, lease and line of credit activity conducted by PayNet Inc for Reuters found that U.S. businesses with less than $100,000 in outstanding debts began borrowing again cautiously this spring to invest in their businesses -- a trend that continued through the end of the study period in September.

Financing originations among these so-called microbusinesses are still down year-over-year. But they are no longer falling faster than originations for larger-sized small businesses -- those with borrowings above $100,000 -- as they were for nearly three years running.

"This looks like an inflection point," said William Phelan, the president of PayNet, which provides risk management tools to the commercial lending industry.

"These little businesses are a leading indicator and the signals they're sending are improving."
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The executive branch is now populated by a bunch of Marxists...that should help to "fix" our economy.

obamacabinet.jpg


Obama: King of the Statists
Almost 40% of William Howard Taft’s cabinet officials were from the private sector. Ike had nearly 60% of his appointees sporting private sector experience. Reagan had about 55% and George W. Bush about 53%. Even FDR and Truman had half their cabinet officials with private sector experience.

And Obama?

Less than 10%.

That means that only about 7% of Barack Hussein Obama’s cabinet appointees ever worked in the private sector. So is it any wonder that Barack Obama has become the president responsible for an unprecedented bloating of the federal government and a take over of power on a scale never before seen?
http://www.publiusforum.com/2009/11/30/obama-king-of-all-statists/
 
Gipper said:
The executive branch is now populated by a bunch of Marxists...that should help to "fix" our economy.

obamacabinet.jpg


Obama: King of the Statists
Almost 40% of William Howard Taft’s cabinet officials were from the private sector. Ike had nearly 60% of his appointees sporting private sector experience. Reagan had about 55% and George W. Bush about 53%. Even FDR and Truman had half their cabinet officials with private sector experience.

And Obama?

Less than 10%.

That means that only about 7% of Barack Hussein Obama’s cabinet appointees ever worked in the private sector. So is it any wonder that Barack Obama has become the president responsible for an unprecedented bloating of the federal government and a take over of power on a scale never before seen?
http://www.publiusforum.com/2009/11/30/obama-king-of-all-statists/
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I saw that chart yesterday, its really kind of scary but also it explains why so many of the ideas from this administration are so flat stupid!
 
Gipper said:
That means that only about 7% of Barack Hussein Obama’s cabinet appointees ever worked in the private sector. So is it any wonder that Barack Obama has become the president responsible for an unprecedented bloating of the federal government and a take over of power on a scale never before seen?
Click to expand...
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"Only $100 billion of the $787 billion stimulus package passed nine months ago has actually been spent by the federal government so far, with another $90 billion of stimulus coming in the form of tax reductions, the nonpartisan Congressional Budget Office reported Monday evening. That leaves three quarters of the package -- and its stimulative effects -- yet to come.

Slow as that pace may seem, it's in line with initial CBO estimates.

But much of the spending hasn't had the full impact it could, the report says, because "it appears that stimulus funds substituted for some spending from regular appropriations."

Despite the limitations, the CBO estimates that between 600,000 and 1.6 million people were employed in the third quarter of 2009 who otherwise would not have been. The spending and tax cuts raised the Gross Domestic Product by somewhere between 1.2 and 3.2 percent, it found, and reduced unemployment by 0.3 to 0.9 percent.

In Washington, the stimulus is often discussed as if the entire $787 billion was all spent on the first night -- with some pundits expressing shock and dismay that the economy hasn't already bounced back as a result. That three quarters of the stimulus has yet to be felt undermines their positions.

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Shortly after the stimulus was passed, the GOP began declaring it a failure, a conclusion the party has stuck to since - even if some officials take credit for what it's accomplishing when they're back at home."
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...BO continues the second term of the anti-Semite peanut farmer cause that worked so well. Americans suffer. Liberalism is truly a mental disorder.

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"Administration officials on Friday portrayed President Barack Obama's $8 billion high-speed train program as a jobs generator, announcing promises from European and Asian companies seeking rail contracts to employ U.S. workers.

Transportation Secretary Ray LaHood said at a rail manufacturing conference that more than 30 foreign and domestic companies have promised to establish or expand operations in the United States if they are chosen to build high-speed lines.

The commitments will ensure the rail program will create jobs in the U.S. and boost domestic manufacturinghttp://www.washingtonpost.com/wp-dy.../12/04/AR2009120401062.html?hpid=sec-business, LaHood said.

Foreign firms have been avidly pitching their expertise to states that have applied for funds. Trade missions have crisscrossed the country, and LaHood has met with a raft of ambassadors and transportation ministers."
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Construction and Manufacturing are getting trounced by Obama.

Let's pray Obama is a one term failure at most, just like Carter.

Our children need our prayers to be answered more than ever!

If George W Bush had proposed to double the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?
 
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I
f George W Bush had proposed to double the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?
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If Bush had "looked" like Obama, yes, I'm sure Shaman would have approved.
You see, certain types believe what others say they are going to do, depend on it, and then cry when it doesn't happen and blame dead people (Reagan). It's a social illness prominent in this country. It's called liberalism.
 
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