Obama: Hey, we’re going to keep losing jobs
posted at 4:30 pm on July 14, 2009 by Allahpundit
No worries. It’s only because unemployment lags behind recovery or “stabilization” or whatever sunny euphemism he’s using now to spin the nightmare. It’s probably just a quirk of my online reading habits but I’ve stumbled across more pessimism about the economy today than I’ve seen since the stimulus passed in February, which makes me wonder if public confidence in The One’s blueprint is starting to deteriorate in earnest. Start with Mort Zuckerman’s harrowing op-ed about how things are much worse than they seem, with the possibility of sustained unemployment at 11 percent ahead. Then read Politico’s description of the “widespread disdain” it found when it surveyed economists from across the spectrum about Obama’s growth projections. Proceed to Time magazine, normally a reliable cheering section for Barry O, where the stimulus is now being pronounced an early failure. And cap it off with new poll numbers from Gallup showing a six-point downward swing on whether the economy’s getting better in just one month. The good news for Obama is that the early rosy projections will be forgiven once things really do start to turn around. The bad news is that blowing $787 billion on a non-fix won’t be.
Incidentally, if you’re wondering where leftist spin is headed next, look no further than Robert Reich. Turns out we can’t blame Obama for failing to kickstart a recovery — because the economy will never recover.
Visit msnbc.com for Breaking News, World News, and News about the Economy
Blowback
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It looks like he is introducing the US delegation to Medvedev, not trying to shake hands.
Vashta.Nerada on July 14, 2009 at 5:10 PM
Upinak, have you heard from hawkdriver lately? I’ve been wondering how he’s doing over there and haven’t seen him post.
califcon on July 14, 2009 at 5:11 PM
I felt sorry for Zero as I viewed the snub. He once was a rock star, dontcha know?
Key West Reader on July 14, 2009 at 5:12 PM
He may have been, but he’s not talking at the appropriate times. He would be introducing them by name at the same time he is extending his hand to indicate who he’s introducing.
txsurveyor on July 14, 2009 at 5:12 PM
Yeah, this one’s a non-starter; Ogabe was pointing people out.
Bishop on July 14, 2009 at 5:13 PM
I don’t think we have seen that video here on HotAir…it is hilarious. I will send to tips.
WashJeff on July 14, 2009 at 4:52 PM
Someone in the comments linked to this video yesterday.
txag92 on July 14, 2009 at 5:13 PM
Dear Leader getting his comeuppance is never OT!
Laura in Maryland on July 14, 2009 at 5:13 PM
OMG.. You owe me a keyboard! Seriously. Poor Barry. He once was a rock star, dontcha know?
Key West Reader on July 14, 2009 at 5:13 PM
(to borrow a joke from “The Jerk”)
I hear MS-NBC has some jobs available, and it sounds like all you have to do is blow.
Daggett on July 14, 2009 at 5:14 PM
No I haven’t. I know someone got a letter from him via a box she sent. But I think he has been super busy. I know he is does read occationally.
upinak on July 14, 2009 at 5:15 PM
Go for Bi-Polar Bear. This way you can do good-cop\bad-cop by yourself.
WashJeff on July 14, 2009 at 5:15 PM
Then do Ed and AP think this is not worthy? This has palette cleanser written all over it.
WashJeff on July 14, 2009 at 5:17 PM
Meh, they weren’t buying competence to begin with, so buyer’s remorse doesn’t enter into it. They were buying a rock star. They got one.
When Obama stops being an international rock star is when his poll numbers will mean something. His rock star status is a function of his media game, which is heavily tied to the near-messianic regard with which he’s held by the media. Obama could eat a baby on live television, and it would produce a “subculture of tribal reenactment” replete with NYT culture write-ups and product lines. The man is untouchable because there’s no man there to touch.
It’ll be a year or more (probably post-2010) before his numbers will start back-feeding to the Democrat party.
The America that voted this man in would vote him back in today. They got what they wanted and more. The reasons why this is have nothing to do with the economy. Or national defense. Obama is loved and respected by the world, and by proxy, they are loved and respected by the world; these the same people that apologized to the world so contritely for not being able to give the world John Kerry in 2004.
America is steadily going mad. Obama is their avatar.
spmat on July 14, 2009 at 5:17 PM
+100
Daggett on July 14, 2009 at 5:18 PM
Dude! He already gave the employed a tax cut of $14.00 per week! Never you mind that those who are enjoying the enormous tax cut will have to claim it on next year’s taxes.
Now, enjoy your $14 bag of bulk cereal puffs that barely feeds your 4 kids twice a day. Powdered milk is extra.
Ain’t he just so gen’rous?
/
Key West Reader on July 14, 2009 at 5:18 PM
I’m scared for my kids and their kids. And I’m scared for my husband and me. I didn’t expect to live my last years terrified of my own government.
hachiban on July 14, 2009 at 4:48 PM
When a business has expeditures beyond their income for an extended period of time they begin what is called a death spiral. Obama sold Porkulous on the idea it would save the economy. It didn’t it made things far worse. Now he is trying to sell health care and cap & trade as a fix for the economy and it will also make things worse. I am afraid the country has entered the proverbial death spiral. The best thing you can do is take care of your family as best you can because nobody else can help. Sorry but things are only going to get worse for a long time.
fourdeucer on July 14, 2009 at 5:18 PM
I’m pretty sure it has been on Hotair already. That’s probably when I read that Obama was introducing people and not getting snubbed.
Daggett on July 14, 2009 at 5:19 PM
Busy, for sure. We will just have to keep sayin’ our prayers. Thanks!
califcon on July 14, 2009 at 5:19 PM
What are you trying to say Wash? You do the same damn thing on here… *rolls eyes*
upinak on July 14, 2009 at 5:20 PM
*SMACK*
instigator.
upinak on July 14, 2009 at 5:20 PM
He’ll be long gone.
Not with these Keynesian clowns in charge, that’s for sure.
Rae on July 14, 2009 at 5:21 PM
Obama: Hey, we’re going to keep losing jobs
Me: Then give us back our $787,000,000,000!!!
ConservadorRebelde on July 14, 2009 at 5:21 PM
Can’t believe AP cancelled by getalife login!!! /sarc
WashJeff on July 14, 2009 at 5:22 PM
The end game of Obama et al.’s middle game.
spmat on July 14, 2009 at 5:22 PM
Call up Ben Bernanke and put a stop payment on the check.
WashJeff on July 14, 2009 at 5:23 PM
One of the basic principles of sales / marketing is to “underpromise and over-deliver.”
Obamugabe and his demotards have failed miserably at this by promising the moon and the stars, and delivering nothing but an extra-jumbo sh!t hoagie.
UltimateBob on July 14, 2009 at 5:24 PM
So right about the new meme being floated that the economy is never ever going to recover- saw a different article on that hideous liberal Digg.com site (should be called Obama information dissemination site for idiots.com)…At any rate here is the article,
shannonkelly on July 14, 2009 at 5:25 PM
oops
http://digg.com/business_finance/Economy_could_be_in_the_crapper_until_2020
shannonkelly on July 14, 2009 at 5:26 PM
…but Bob Beckel says that barry is the most economically brilliant president since FDR. (I laughed until I was in tears)
thomasaur on July 14, 2009 at 5:27 PM
didn’t the rolling of the eys clue you in?
turd
upinak on July 14, 2009 at 5:29 PM
Saw that too. Can’t beleive he said that with a straight face.
HoustonRight on July 14, 2009 at 5:30 PM
1930′s FDR, to me, is in the bottom 5 Presidents in our nations history…make room for Obama.
WashJeff on July 14, 2009 at 5:31 PM
Shorter Obama:
“I, uh, don’t know what I’m doing.”
BobMbx on July 14, 2009 at 5:32 PM
No can do. The bank charges $15 to issue a stop-payment and the treasury has run dry.
Bishop on July 14, 2009 at 5:33 PM
Obama takes a trip……
What a Maroon.
portlandon on July 14, 2009 at 5:34 PM
The recession will end when they end the “stimulus” programs and let bankrupt companies fail and the market work. Just like the 30ties and 70ties.
the_nile on July 14, 2009 at 5:34 PM
I’ll donate a weeks’ worth of my tax cuts.
BobMbx on July 14, 2009 at 5:34 PM
If the CIA or Hillary gave him a nice hit of sodium pentothal, that’s what the teleprompter would say.
Key West Reader on July 14, 2009 at 5:35 PM
Upinak, please tell hawkdriver he is in our thoughts and prayers. IMHO, as a cargo helo pilot he is one of the key individuals making our new “forward to the villages” plan work. The marines and the army depend of him and his comrades in arms. And the UK army wishes they had more like him in their forces.
NaCly dog on July 14, 2009 at 5:36 PM
ICBM on July 14, 2009 at 5:36 PM
Quote from a great article by Denninger – scary, but well reasoned.
Link:
http://market-ticker.denninger.net/archives/1212-Morning-Madness-Economic-Fundamentals.html
Vashta.Nerada on July 14, 2009 at 5:38 PM
Someone should have to explain why the hurry to implement the stimulus package without reading it ,if it were supposed to run for over 2 years.
the_nile on July 14, 2009 at 5:38 PM
Will do.
upinak on July 14, 2009 at 5:39 PM
WASHINGTON, July 14 (Reuters) – A sweeping overhaul of the U.S. healthcare system to be announced on Tuesday in the U.S. House of Representatives will include a surtax on millionaires of 5.4 percent, congressional sources said.
The tax rate is higher than the 3 percent surtax lawmakers had been discussing earlier and would be imposed on those making more than $1 million a year, the sources said.
ICBM on July 14, 2009 at 5:39 PM
Does this projected job loss include the millions of jobs The One has already saved?
coldwarrior on July 14, 2009 at 5:39 PM
Can you hear the chants? “Save us, Obalma! Save us, Obalma!” “Yes… my children. I shall save you all. Line up and hold out your voter card and I shall bless you or, curse you. ACORN members and Union employees please step to the left through the speedy turnstile station for instant blessings”..
/Good Lord
Key West Reader on July 14, 2009 at 5:39 PM
Tee hee! I wonder if he was busy checking out some teenage ass when that happened.
califcon on July 14, 2009 at 5:40 PM
Secretary Reich’s new take on the economy is very odd given that just a few weeks ago he was writing that we really don’t have a Social Security problem because the Trustees’ projections for economic growth were far too conservative:
http://robertreich.blogspot.com/2009/05/truth-behind-social-security-and.html
Andrew Biggs utterly took apart Secretary Reich’s column here:
http://andrewgbiggs.blogspot.com/2009/05/why-robert-reich-probably-should-never.html
Chuckles3 on July 14, 2009 at 5:40 PM
Debt service…that will be easy to ignore. /sarc
WashJeff on July 14, 2009 at 5:41 PM
It’s not over yet, there are patriots out here who will stand when the time comes even though it may take some serious shiite to induce the standing; have some faith in the good qualities of America that are still lingering beneath the surface.
Bishop on July 14, 2009 at 5:42 PM
“I’ve stumbled across more pessimism about the economy today than I’ve seen since the stimulus passed in February, which makes me wonder if public confidence in The One’s blueprint is starting to deteriorate in earnest. ”
Or, do the experts know something we should know? What else is going to hit the fan?
NebCon on July 14, 2009 at 5:43 PM
LMAO. Reich says it’s all over…
Jaibones on July 14, 2009 at 5:43 PM
Look!!! A cute puppy. Awwwe.
Key West Reader on July 14, 2009 at 5:45 PM
Punish success, reward failure.
Who Wants to be a Millionaire?
They will be leaving the country in droves.
fogw on July 14, 2009 at 5:46 PM
Kinda explains Barry’s push for ObamaCare in the next two weeks. Gotta get it done before July’s unemployment numbers come out. Drop? You ain’t seen nothing yet!
GarandFan on July 14, 2009 at 5:48 PM
If I were a foreign investor…say, perhaps China, and I saw all these “rosy” projections, and the growing multi-trillion dollar US debt, and that $1trillion deficit, I’d start calling in my markers…try to recover as much of my “investment” now rather than wait a few months or a year or so to be paid back in inflated dollars or no dollars at all.
Better to seek 75-80 cents on the dollar now than wait another year and be offered 10 cents on the dollar.
That will be the next “stuff” to hit the fan.
coldwarrior on July 14, 2009 at 5:48 PM
Thank goodness there are least a few wind farms to catch all this “stuff”.
WashJeff on July 14, 2009 at 5:52 PM
Commercial real estate, followed by unsecured (credit card) debt.
Vashta.Nerada on July 14, 2009 at 5:52 PM
Just so I understand this: the government is considering just flat-out making mortgage payments for people who can’t make their payments. WTF?
And, if you are already going through foreclosure, the government will step in and arrange it with the bank so that you can keep renting the home. What business is it of the government’s?
Why should they get to lean on the banks like that. The banks usually just want to unload these homes and get what they can for them. Is the government going to make them be landlords now?
This government is out of control.
JohnInCA on July 14, 2009 at 5:53 PM
Why would anybody in this country, foreign co. or domestic EVER hire an additional person?
Why?
Hiring employees in the USA is just shooting yourself in the head business-wise.
Just stupid. But O thinks he’s a genius and can’t understand why no businesses want to hire.
Liquidate your business while you still can and MOVE far away.
Sapwolf on July 14, 2009 at 5:53 PM
Who is a bigger idiot?
Obama who thinks you can print money to obtain eternal orgasm?
Or, the Chinese suckers who keep buying our debt?
Sapwolf on July 14, 2009 at 5:54 PM
What gave you that impression?
Racist pig.
Bishop on July 14, 2009 at 5:55 PM
Once things start to fall apart, they can go to hell in a very short amount of time. I think that might be starting to happen with Obama.
And even if some things get better in the economy, the debt will still be there creating other problems.
Terrye on July 14, 2009 at 5:56 PM
I’m not sure we’ve definitively established he ever took a single solitary course in the subject. But hey, as long as we know when Sarah Palin’s water broke…
Remember that from Reich’s perspective, the world is a forest of knees.
DrSteve on July 14, 2009 at 5:59 PM
Dear Mr. Bernanke,
I would like to cancel the $787,000,000,000 check that Mr. Obama claimed was absolutely necessary. He tried to get me to write it so fast I didn’t really know what it was for. Over time, I’ve begun to realize it was pointless, as the reasons Mr. Obama gave for its necessity have been shattered. Even he says it isn’t working, so I would greatly appreciate the cancellation of the check, and stopping the funds from the direction they are now heading. Put the $15 charge on Mr. Obama’s account please, along with the responsibility for all the jobs he lost.
ConservadorRebelde on July 14, 2009 at 6:01 PM
It’s not over yet, there are patriots out here
Bishop on July 14, 2009 at 5:42 PM
Yes there are many patriots and thank God for them. Obama ignores every historical fact to promote his agenda. He does not lead he shoves, he does not sacrifice, he demands us to sacrifice, he does not serve yet expects servitude. We will survive Obama no doubt but our way of life will be damaged for many years.
fourdeucer on July 14, 2009 at 6:02 PM
Hey Barry, how about we start at the top…
WHERE’S THE BIRTH CERTIFICATE???
byteshredder on July 14, 2009 at 6:02 PM
Bingo!
califcon on July 14, 2009 at 6:03 PM
Reich always reminded me of Dr. Miguelito Quixote Loveless…showing my age again.
coldwarrior on July 14, 2009 at 6:03 PM
Cool, love the line about Ogabe shoving rather than leading, I’m going to hold on to that one.
Yes, we will survive Ogabe and I’m not yet ready to throw in the towel and declare the United States dead and beyond hope. Good and forthright people will rise to the top when the time comes, they always have, that’s what makes this nation just a bit better than everywhere else.
Bishop on July 14, 2009 at 6:09 PM
“We do not have time to read the bill, we need the stimulus now”.
Johan Klaus on July 14, 2009 at 6:10 PM
The unemployment offices are already swamped. I don’t believe the information put out by the government. The folks working at the local office are freaking out.
As I said in another thread the place was pushing the seams when I was there and a lady there told me a lot of people were exhausting their benefits after FIFTY WEEKS.
The snowball is gathering mass as it rolls downhill, IMHO. The fed is now contemplating more mortgage help for the unemployed:
http://www.reuters.com/article/newsOne/idUSTRE56D04920090714
Does anyone else think our economy is about to crater?
dogsoldier on July 14, 2009 at 6:12 PM
How many damn fools are still left that believe this incompetent dolt?
rplat on July 14, 2009 at 6:12 PM
I’m boycotting the All Star game tonight cause Hope and Change insists on being the star of the show as usual.
THE CHOSEN ONE on July 14, 2009 at 6:14 PM
The economy will be bad as long as looters control it. Get rid of the looters and you fix the economy.
Mojave Mark on July 14, 2009 at 6:15 PM
Yes. We sold every last one of our stocks and mutual funds. Waiting for S&P to drop by another 50% or so.
jazz_piano on July 14, 2009 at 6:17 PM
apparently quite a few,especially MSDNC
cmsinaz on July 14, 2009 at 6:17 PM
I keep picturing weeble wobbles with this man…
cmsinaz on July 14, 2009 at 6:19 PM
Obama’s going to turn back race relations 100 years in this country cause he’s sucks sooooo bad.
THE CHOSEN ONE on July 14, 2009 at 6:19 PM
Well how are those leading indicators doing?
Average workweek=== down
Unemployment claims====up,up,up
New Consumer goods orders=====down
Delayed delivers===up
New orders for plant and equipment=== down
In other words we are S.F!
Caper29 on July 14, 2009 at 6:21 PM
Hehehe. MY favorite is this one:
A “nike swoop” recovery? Are we still talking about graphs of GDP over time? So that means, that … at some point GDP will decrease AND travel backward in time? And there is a source of virtually free energy that is being supressed by eeeevil oil companies.
Wow.
bitsy on July 14, 2009 at 6:21 PM
America is steadily going mad. Obama is their avatar.
spmat on July 14, 2009 at 5:17 PM
SP, you NAILED IT. America, and the West, is so locked into a hypnotic entertainment trance that no candidate can make it to the WH without the media’s blessing. The entertainment industry will not tolerate anyone who presumes to step on their expression of amoral laff-fest movies and TV, and clap-happy stories as peddled by Oprah and her TV ilk. Public remorse and seriousness don’t help sell Bruno tickets. BHO is their ace to keep things safely flowing out of Hollywood, just as Clinton was for 8 years.
The entertainment industry has a stranglehold on this country, and its news media department makes sure it is never threatened. The likes of Palin make them rally like no one else. When she named Jesus as her Lord, that was the end of her in their book. ‘Biblical’ targets are always loaded with mockery material.
The coming firestorm will put an unpleasant crimp in the Hollywood/news media elite’s pockets. ‘Bruno’ will have to find some other way to keep the $40M advances coming in.
leftnomore on July 14, 2009 at 6:23 PM
For a truly prophetic vision of where America is headed…rent “Idiocracy” and then ask yourself, is this fiction?
Just look at the “culture” around us.
coldwarrior on July 14, 2009 at 6:27 PM
I am positive that Obama is as good at economics as FDR.
Johan Klaus on July 14, 2009 at 6:28 PM
If anyone saw Obama bowl in the Dem primary, he’d better practice a little before throwing out tonight’s first pitch.
THE CHOSEN ONE on July 14, 2009 at 6:29 PM
And yes, I know ‘Bruno’ is a character by Sasha Baron Cohen. And yes, he gets paid a load for putting people into embarrassing situations, and tricking them into signing away their rights or objections to their appearances. He will be one the wealthiest power players in the industry. Does America care about his vulgarities or deceptions? No, not if the movie was funny.
My point is sufficiently made.
leftnomore on July 14, 2009 at 6:29 PM
Brilliant!
myrenovations on July 14, 2009 at 6:30 PM
Me too, but brilliant isn’t the word I would use to describe his prowess in economics.
thomasaur on July 14, 2009 at 6:32 PM
When in Russia, Obama met with the leader of the Communist Party, Gennady Zyuganov, who told him, “I’ve studied your domestic program, and I think it’s excellent.”
I’d like to see this covered on the righty blogs.
David Brooks mentioned this on the Newshour.
jazz_piano on July 14, 2009 at 6:32 PM
It may not be quite that bad but he’s going to make it a very long time before another black is president. Too bad because being black and inept are not related but as demonstrated in Novennber, logic is in short supply during elections. I just don’t understand how the 52% thought this could turn out any different.
a capella on July 14, 2009 at 6:33 PM
And do not forget about the carburetor (the one that gets fifty miles per gallon) that the auto and oil companies are hiding.
Johan Klaus on July 14, 2009 at 6:33 PM
And the cure for AIDS being hidden by the gov’t so that Black people continue to die.
jazz_piano on July 14, 2009 at 6:34 PM
+1
shannonkelly on July 14, 2009 at 6:35 PM
It may not be quite that bad but he’s going to make it a very long time before another black is president. Too bad because being black and inept are not related but as demonstrated in Novennber, logic is in short supply during elections. I just don’t understand how the 52% thought this could turn out any different.
a capella on July 14, 2009 at 6:33 PM
Agreed.Unfortunately I think there are folks running the GOP who think we have to get a black or Latino just to make up the difference instead of a person of principles.
THE CHOSEN ONE on July 14, 2009 at 6:44 PM
If the economy will never recover, isn’t there a cheaper way to handle the situation? Why did we need to spend $ 787 billion on a problem that is not solvable? And why didn’t he tell us that before we spent the money?
Fred 2 on July 14, 2009 at 6:58 PM
fredster–he didn’t tell us that because you, like me, don’t have a Haaahhhvaaahd education and we probably wouldn’t understand it if he told us. NOW, back in line with the rest of the sheep–it’s almost time for gruel.
ted c on July 14, 2009 at 7:06 PM
Sarc understood.
Vashta.Nerada on July 14, 2009 at 4:42 PM
Thank you. Sometimes we old people forget to note “sarc”, but that’s about to be remedied. Under Obama-care, when a guy my age seeks medical attention he’ll be told to go home, take a lethal dose of morphine, and stop producing CO2.
oldleprechaun on July 14, 2009 at 8:02 PM
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